International News
News for November 2004
November 30, 2004
- EnPro Industries, Insurers Settle Asbestos Dispute
- S&P Reports First Half Results in Japan's P/C Sector Show Companies Still Under Pressure
- S&P Affirms Taiwan Fire & Marine 'BBB' Ratings
- Best Affirms Qatar General 'B++' Rating
- S&P Assigns Taiwan's First Insurance 'BBB' Rating
- CII's Qualification Coursebook Aimed at Easing FSA Compliance Efforts
November 29, 2004
- JLT Warns on Profits; CEO McGill Resigns
- Fortis Posts 79% Increase in Nine Month Net Op. Profits; Raises Full-Year Forecast
- Zurich Appoints Grünbichler Head of Group Risk Management Policy and Research
- S&P Affirms Steamship P&I London 'A-' Ratings
- S&P Affirms Steamship P&I Bermuda & Subs 'A' Ratings
November 26, 2004
- Axa Reported in Serious Talks with Credit Suisse to Acquire Winterthur
- S&P Reports European Insurers' Ratings Stabilizing
- Wellington Completes Acquisition of AXA's U.S. Surplus and Excess Units; Best Assigns 'A-' Rating
- R&M Releases 2004 Guide to U.K. Distribution of Commercial General Insurance
- Best Assigns 'bbb' Rating to Amlin Bonds
November 24, 2004
- Willis Moving to Lime Street; Signs New London Headquarters Building Lease
- Best Affirms Berkley-Europe's 'A' Rating
- Swiss Re Hosts Investors' Day Conference
- Best Affirms Lloyd's Syndicate 2001 'A' Ratings
- FINEOS Named Irish Exporter of the Year
- S&P Assigns 'A-' Rating to Aviabel Cie.
- Best Affirms Tunisia's B.E.S.T Re 'B++' Ratings
- Best Assigns FSR to Wellington Specialty
- Aon Re Services Appoints Jean-Mairet as Director - Structured and Traditional Life Reinsurance - Europe
November 23, 2004
- Swiss Re Hurricane Report Stresses Risk Analysis
- Best Affirms Korean Re 'A-' Rating
- Best Affirms Imagine's 'A-' Rating
- S&P Assigns 'BBB' Rating to AXIS Notes; Affirms Company Ratings
- Best Lowers Toa Re (America) to "A"
- Best Assigns 'B++' Rating to Primary Insurance Co.
- Insurance Systems Names Mighton VP-Sales
- Montpelier Re Completes Secondary Share Offering
November 22, 2004
- Swiss Re Receives SEC, Spitzer Subpoena Requests
- S&P Raises White Mountains Group Outlook to Positive
- S&P Rates IAG Notes 'A-'
November 19, 2004
- ACE USA Enhances Defense Base Act Coverage
- Best Affirms Ratings of Lloyd's Syndicate 510
- PXRE Group Prices $125 Million Equity Offering
- Fairfax Announces Tender Offer For Debt Securities
November 18, 2004
- Platinum Acknowledges Receipt of Subpoena in Finite Reinsurance Probe
- PartnerRe Announces 2005 Financial Plan
- Best Affirms ACE Australia 'A' Rating
- Best Affirms ACE New Zealand 'A' Rating
- GE Insurance Solutions Details Additions to Global Management Staff
- Best Affirms Hyundai Marine 'A-' Rating
- Montpelier Re Announces Shareholder Sale
- Best Withdraws Ratings on Tryg-Baltica, Lloyd's Syndicate 1243
November 17, 2004
- Zurich Posts 35% Increase in Nine Month Net Income
- ACE Europe Restructures UK & Ireland P/C Operations
- Best Assigns AXIS Capital Debt Ratings
- Fadden Joins Allianz Marine & Aviation
November 16, 2004
- ACE Announces Executive Changes in Europe, Bermuda
- Best Affirms Oriental Fire & Marine 'B++' Rating
- AXIS Closes $500 Million Senior Notes Offering
- Best Affirms Dongbu Insurance 'A-' Rating
November 15, 2004
- ACE Ltd. Receives Subpoenas in Connection with Investigations for Loss Mitigation Products
- Allianz Posts $2.33 Billion Net for 9-Months
- S&P Assigns Ratings to GuaranteedWeather Re
- AEGON 9-Month Net Income up 62% to $1.6 Billion
- Best Lowers Legal & General Rating; Outlook Stable
- XL to Redeem All Outstanding Zero-Coupon Convertible Debentures Due 2021
November 12, 2004
- Canadian Insurance Industry Announces Disclosure Plan
- R&SA Posts $835 Million 9-Month Operating Result; U.S. Liabilities Still a Problem
- Zurich Suspends Employees; Reviews Business Practice
- Hannover Re Hit by Q3 Cat Losses; 9-month Operating Profit Down 18.1 % to $527 Million
- AIG Subs to Purchase R&SA's Japanese Business
- Converium Appoints Run-off Specialist Dassenko as North American CEO
- Canadian P&C Insurance Industry Promises to Unveil Disclosure Plan Today
- Best Assigns Debt and IC Ratings to PartnerRe
- Everest Re Appoints Jackson as U.K. General Manager
- Best Assigns Debt and IC Ratings to XL Capital Notes
November 11, 2004
- In Memoriam: 86 Years Ago the Guns Fell Silent, But the Legacy Lives On
- AXA Posts $70 Billion Consolidated Revenues for 1st Nine Months of 2004
- Lloyd's Sets Terms for $943 Million Debt Issue
- S&P Rates PartnerRe Preferred Stock Issue 'BBB+'; Affirms Rating, Stable Outlook
- Lord Hunt to Head CII Professional Standards Board
- S&P Affirms Tokio Marine Europe 'AA-' Rating
- Fitch Comments on Fairfax's Rating Watch
- Best Places Zurich's London Unit Under Review
- Carvill Launches London Reinsurance Operation
- S&P Raises Norwegian P&I Club Ratings to 'BBB'
- S&P Affirms Fondiaria-SAI 'BBB-' Ratings
November 10, 2004
- Benfield Report Looks at 2004 Hurricane/Typhoon Season and Destruction Left Behind
- Willis to Acquire U.K. Broker Opus Holdings
- U.K.'s Cox Insurance Subject of Takeover Rumors
- S&P Raises SCOR Outlook; Affirms 'BBB+' Rating
- Best Affirms "A+" Rating on Munich Re and Core Subsidiaries; Assigns Issuer Credit Rating
- A.M. Best Places Rating of L'Unique Under Review
- CII Appoints First Group Public Affairs Director
- PartnerRe Prices Series D Preferred Share Offering
- AXIS Capital Prices $500 Million Senior Notes Offering
November 9, 2004
- Munich Re Posts $472 Million Q3 Profit, $1.94 Billion for Nine Months; Affirms Full Year Estimate (Almost)
- ACE European Group Set to Become Third Largest U.K.-Based P/C Insurer
- Platinum Posts $69.8 Million Q3 Loss
- AXIS Announces Organizational Strategic Realignment; Opening of Singapore Branch
- XL to Offer $650 Million in Senior Notes; Rating Agencies Assign 'A' to Issue
- Best Assigns Debt and ICR Ratings to U.K.'s Beazley
November 8, 2004
November 5, 2004
- PXRE Q3 Net Loss $73.2 Million; Will Hold $100 Million Public Offering
- SCOR Reports $70 Million Nine-Month Earnings
- Hub Quebec Sub to Sell Personal Lines Book; Will Concentrate on Commercial, Private Clients
- London Market Faculty Opens for Membership
- R&M Adds Marine, Aviation and Transport 2003 Study
November 4, 2004
- ACE Ltd. Notes Business Changes; Removes Pair of Employees
- AXIS Posts $6.3 Million Q3 Net Income; Comments on Spitzer Investigation
- XL Insurance Unit Announces Expanded D&O Policy
- Kauer to Step Down as Converium CFO, Exec.VP
- S&P Raises Czech Insurer Ratings To 'BBB'
- Ingrey to Chair Arch Oversight Committee
- S&P Assigns 'A-' IFS Rating to U.K.-Based MMA Insurance; Outlook Negative
November 3, 2004
- Allied World Posts $64.7 Million Q3 Loss
- Aspen Reports $43 Million Q3 Loss; $122.9 Million Net Income for Nine Months
- Best Affirms Hiscox 'A-' Rating
- Hub Acquires Canadian Broker TILCO
- Guy Carpenter Names Carrington to Lead U.K. Casualty Specialty Practice
- ACE European Group Appoints Levin Executive VP - Accident and Health
- Insurer Reports $1,800 Loss from Enraged Sheep Attack
- U.K.'s Highway Insurance Acquires Direct Motorline
November 2, 2004
- XL Hit By Hurricanes; Posts $22.5 Million Q3 Net
- U.K. Asbestos Claims Could Top $36 Billion
- Willis Comments on Energy Sector Insurance
- U.K.'s Beazley to Raise $190 Million to Fund Omaha Insurance Acquisition
- ACE Overseas Appoints Miller Executive VP, International Accident & Health
- Willis Launches "Client-Focused" Webcast Series
November 1, 2004