International News
News for May 2005
May 31, 2005
- CII Announces New Criteria; Members Can Enhance Claims Designations
- S&P Revises Outlook on Norway's Bluewater to Positive
- Best Affirms Old Mutual Ratings
May 30, 2005
- The Revenge of the Voters - France Rejects EU Constitution
- JLT Forms U.S. Unit for Emerging Market Risks
- Best Affirms Ratings Platinum and Subs; Removes from "Under Review"
- S&P Raises Ratings on 7 Insurance Holding Companies
May 27, 2005
- Aspen Appoints Kelso to Board
- Best Affirms HSBC Insurance/Asia Ratings; Outlook Listed as Stable
- S&P Raises Euler Hermes Ratings to 'AA-' w/ Negative Outlook
- Platinum Completes Sale of Notes
- Best Affirms African Re 'A-' Rating
May 26, 2005
- Zurich Settles with APRA over 2000 Accounting Info
- S&P Assigns Rating of 'A+' for ING's Canadian Subs
- Catlin Group Statement Indicates 2005 "In Line with Expectations"
- Assurex Adds New Partner in Thailand
- Everest Re Comments on SEC Finite Reinsurance Subpoena
May 25, 2005
- Lloyd's Kinnect Platform Wins Two ACORD Awards
- R&M Report on U.K. Employer's Liability Market Sees Slower Growth
- Best Affirms Wing Lung 'A-' Rating
- Best Affirms Aioi 'A' Rating
May 24, 2005
- Zurich Ireland Authorized for European Corporate; S&P Assigns 'A+' Rating
- S&P Report: Negative Outlook on Swiss Insurance Market Continues
- R&M Reports on FSA Regulation
- S&P Affirms Zurich's 'A+' Rating; Off CreditWatch; Outlook Negative
- Zurich Sells Majority Interest in ZC Sterling Corporation to Trident III
- S&P Revises NZ's Simply Insurance Outlook to "Developing"
May 23, 2005
- JLT Warns Brokers and Underwriters to Invest in Client Industry Expertise and Technical Resources
- A.M. Best Affirms Fairfax, Crum & Forster Ratings
- RI3K Receives ACORD Awards
- S&P Lowers Outlook on Mutual Steamship
- Kramer Retires from ACE Limited
- S&P Withdraws Portuguese Insurer Imperio Bonanca's Ratings
- Platinum Prices Notes Offering
May 20, 2005
- Aon Secures First Agricultural Reinsurance Contract in China
- Transatlantic Elects Directors, Officers
- Best: No Change in Zurich's Ratings Following Q1 Results
- White Mountains Shareholder Vote
- S&P Places Russian Insurer on CreditWatch/Negative
May 19, 2005
- Zurich Q1 Net up 21% to $779 Million
- S&P Analyzes Anticipated M&A Activity
- InsureMyTrip.com Teams with MEDEX to Launch Affordable Travel Coverage
May 18, 2005
- Amlin Issues AGM Statement
- R&M: Rates Declining in U.K. Commercial Property Market, as Capacity Increases
- Best Affirms Sunderland Marine Mutual 'A-' Rating
- S&P Raises Rating on Sweden's Moderna Sak to 'BBBpi'
May 17, 2005
- S&P Analysis of Australia P/C Insurers
- CII, BIBA Join with CCI to Present New BI "Master Classes"
- Best Affirms AXIS FS, ICR Ratings
- Platinum to Issue Senior Notes, Preferred Shares
May 16, 2005
- ING Posts Solid Q1 Gains; Net Profits up 72% Percent to $2.44 Billion
- So. Africa's Old Mutual in Acquisition Talks with Skandia
- Fairfax Makes Executive Changes
- New CII Online Insurance Dictionary "Explains All" Insurance Terms
- Best Affirms Hang Seng 'A+' Rating
- Glennon Insurance Selected as Irish Partner by HLA Global
- Best Assigns Hannover Finance Bond Issue "bbb" Rating
May 13, 2005
- Good Q1 Weather for R&SA; Operating Profit Up 95%; Best Comments
- Allied World Post Q1 Net Earnings Decrease to $64.4M
- S&P Assigns 'A' Rating to Hannover Re Debt Issue
May 12, 2005
- Hannover Re Q1 Net Increases by 11.1% to $137 Million
- Hannover Re Announces Launch of Hybrid Capital Issue
- S&P Reports Munich Re's 'A+' Ratings, Outlook 'Unaffected' by Q1 Results
- More Support for Lloyd's Business Platform Kinnect
- T.H. Lee Partners to Sell 11.6 Million Shares of AXIS Capital
- Highfields Capital Comments on Exchange of IRP Shares with SCOR
- PartnerRe Announces Plan to Repurchase up to 5 Million Shares
May 11, 2005
- S&P Assigns Platinum 'BBB' Rating
- Conference Told Whisky Can Protect Against Cancer
- ACE Appoints Schaekel Chief Auditor
- Best Sees No Change for Converium AG Ratings
- Endurance Initial Investors Complete Block Share Trade
- S&P Raises Sunderland Marine Ratings to 'BBB+'
May 10, 2005
- Munich Re Q1 Profits Boosted by Investment Gains
- S&P Reports on 5 Bermuda Property Catastrophe Reinsurers
- Converium Posts $61.8 Million Q1 Loss
- U.K.'s National Database Catches First Fraudster
May 9, 2005
- ABI Calls EU Single Market Directive a 'Breath of Fresh Air'
- Allianz Q1 Results Show Continued Growth
- Best Affirms German Insurer SOVAG's 'B++' Rating
- S&P Raises Ratings on Singapore's Tenet Insurance Co.
May 6, 2005
- RI3K To Provide LMP Compliant Tech Support for Facultative Re Business
- Endurance Initial Investors to Sell 8 Million Shares
- Best Affirms Ratings for St. Paul Travelers Insurance Company Ltd.
- Best: Lloyd's Syndicate 1414 Ratings Under Review; Negative Implications
May 5, 2005
- Best Downgrades Issuer Credit Ratings of Transatlantic; Ratings Placed Under Review with Negative Implications
- Kingsway Grows Net Income by 52%
- Guy Carpenter Will Disclose Compensation for Facultative Placements Worldwide
- Willis' Plumeri Adopts 10b5-1 Share Trading Plan
May 4, 2005
May 3, 2005
- AXIS Posts $151.8 Million Q1 Net; Comments on Investigations
- Best Affirms RenRe Subs Ratings; Downgrades Credit and Debt Ratings; Removes Ratings From Review
- Credit Suisse Restructures Winterthur Group Board Lineup
- Best Affirms Endurance Ratings
- Australian Regulator Seeks Closer Scrutiny Over Insurers
May 2, 2005