International News
News for May 2006
May 31, 2006
- Max Re Concludes Internal Investigation; SEC Filing within 15 Days; Q1 Results to be Released Today - Conference Call
- Allied World - $98.1 Million Q1 Net
- Turkish Authorities Assess Damages from Airport Fire
- S&P Reports on Japan Non-Life Sector
- S&P Affirms Taiwan's Mingtai Fire & Marine 'A' Ratings
- Best Comments on Quanta Ratings
- Allianz Australia Joining Global Transport to Increase Sector Growth
- GE Insurance Solutions Examines Impact of Airbus A380
May 30, 2006
- RI3K, Xchanging Launch London Market Electronic Insurance Exchange
- RMS Releases "Fundamentally New" European Windstorm Model
- Byrne Again Takes Over as White Mountains Chairman
- S&P Keeps Swiss Re on CreditWatch
- S&P Assigns 'BB' Ratings to Harbor Point's Bay Point Re
May 29, 2006
- S&P Assigns Debt Ratings to Ren Re's Starbound Re
- Fitch Sees No Rating Affect from Max Re's Internal Investigation
- Aon Risk Opens Iceland Office
- AIG Receives China Group Sale License
May 27, 2006
May 26, 2006
- Australian Climate Study Finds Stronger Evidence of Global Warming
- Quanta Puts Specialty Lines into Runoff; Retains Lloyd's, ESC Business
- Nationwide to Sell Gartmore's Int'l. Operations to Hellman & Friedman
- Transatlantic Elects AIG's Sullivan Chairman; Mayer Joins Board; Other Officers Named
- WL Ross to Invest $100 Million in Montpelier Re
May 25, 2006
- Willis: Resilient Energy Market in 2005; Worries in 2006
- S&P Affirms PartnerRe Ratings; Revises Outlook to Negative
- S&P Rates Catlin's Lloyd's Syndicate '4-' (Low Dependency)
- Best Affirms Alcatel's Electro Re S.A. 'B++' Ratings
- Klehm Joins RenRe Board
May 24, 2006
- Risk of European Floods Greater, Eqecat Says
- S&P Revises Outlook on Japanese Insurer Ratings
- Best Assigns 'B++' Ratings to Oriental Insurance Co.
- S&P Raises Rating on Saudi Arabia's NCCI to 'A'
- Best Rates Arch Preferred Share Offering "bb"; Affirms 'A-' Rating
- Donner Named RenRe Exec. VP, CFO
May 23, 2006
- AIA's Snyder Tells London Audience GATS Outlook 'Very Dark'
- Ward Pushes Lloyd's Reform
- Converium Posts $61.6 Million Q1 Net
- Best Affirms Tokio Marine, Nichido Fire 'A++' Rating
- AXIS Global Names Housley President
- Willis Named "2006 European Commercial Broker of the Year"
- Liberty Opens Puerto Rico Branch
- Krall to Replace Boller as Converium's Chief Risk Officer
May 22, 2006
- Injuries, Suicide Reported to Cause 3,300 Deaths a Day in Western Pacific
- Millea to Fully Integrate Nisshin Fire
- Max Re Receives Official De-listing Notice from NASDAQ
- Zurich Receives Approval for General Branch in Beijing
- S&P Rates Mexican Quake Cat Bond Managed by Swiss Re 'BB+'
- Cirillo Joins ACE Board of Directors, as Staley Retires
- Swiss Re Opens HK Training Center
May 19, 2006
- ACE's Duperreault to Retire from Active Company Management
- Lloyd's Chairman Details 'Success Factors for Europe'
- Zurich Q1 Operating Profits Increase by 31% to $1.359 Billion
- S&P Raises Ratings on Allianz Australia to 'A+'
- S&P Affirms Alliance Re 'BBB' Ratings
May 18, 2006
May 17, 2006
- AIG Adopts Policy on Climate Change
- SCOR Q1 Net up 61% to $68 Million
- S&P Rates Arch Pref. Shares 'BB+'; Affirms Operating Co.'s 'A-' Rating
- Best Downgrades West of England Ship Owners Mutual Rating; Under Review
- Lloyd's Releases 2005 Annual Report
- China's P&C Insurer Licenses AIR's Quake Cat Models
- Converium Appoints De Martin, Zdrenyk to Global Executive Committee
May 16, 2006
- AXA Moves Ahead on 'Squeeze-out" of German Minority Shareholders
- Willis: 'Strong Progress' in China
- AIR Releases New NWP-based European Extratropical Cyclone Model
- Fitch Keeps PXRE on Watch/Negative
- Validus Re in Retrocession Pact with Petrel Re for Marine, Energy Risks
- AIG Subs Get Permission from CIRC for Further China Expansion
- Fitch Rates Arch Pref. Shares 'BBB-'
May 15, 2006
- Allianz Posts $2.28 Billion Q1 Net Income; All Sectors Show Gains
- S&P Lowers QBE Hongkong Rating
- EEA Report Says 'Tackling Climate Change' Will Save Lives, $15 Billion
May 12, 2006
- XL CEO Urges Industry Leaders to Adopt 'Coordinated Approach' to Solve Global Problems
- Hannover Re Q1 Net Income up 7.6% to $136 Million
- R&SA Q1 Operating Profits up 29% to $391 Million
- Best Affirms 'A' Ratings of Royal Bank of Canada Insurance Co.
- PMI Europe Appoints Giorio New Country Manager for Italy
May 11, 2006
- PXRE Edges Towards Runoff Despite Posting $41.6 Million Q1 Net
- AXA Posts Strong Q1 Results
- Best Rates CastlePoint Re 'A-'
- S&P Puts QBE Hongkong on CreditWatch after Guarantee Withdrawn
- Best Assigns ACE/INA Debt 'a-' Rating
- ACE European Launches New U.K. Corporate Travel Coverage
- Kiln plc Appoints Hitchcox to New Post of Chief Actuary and Risk Officer
May 10, 2006
- Munich Re Posts $1.25 Billion Q1 Profit
- Best Assigns 'a+' Ratings to Swiss Re's Debt Issues; Places Under Review
- S&P Rates ACE/INA Notes 'BBB+'
- Best Affirms Egypt Re 'B++' Ratings
May 9, 2006
- Converium Confirms Successful April 1 Non-U.S. Treaty Renewals
- PXRE to Announce Q1 Earnings Today; Holds Conference Call
- Swiss Re Shareholders Take 50% of Rights Offering
- Quanta to Post Q1 Figures Wednesday; Conference Call Details
- ACE/INA to Issue $300 Million Sr. Notes
- PartnerRe Names Mitchard Chief Information Officer
May 8, 2006
- London's Lord Mayor Back Lloyd's China Re Initiative
- FERMA's Benchmarking Risk Management Survey a Success
- XL Names Gallagher to Head Global Property Operations Unit
- Wolff and Bennett Named as New Directors of Odyssey Re
May 5, 2006
- House of Lords Asbestos Decision Limits Damage Liability
- Axis Posts $195.2 Million Q1 Net
- XL Announces Global Risk Conferences in Germany, U.S.
- Swiss Re Hybrid Capital a Success
- S&P Annual Insurance Conference Scheduled for NYC in June
- Greenfield to Join AXIS as CFO
May 4, 2006
- U.S. Report on Climate Change Finds 'Substantial Human Impact'
- Willis Reports Q1 Revenue Stable at $671 Million; Conference Call Today
- Kingsway Q1 Net Income Falls to $28.9 Million on Investment Losses
- Best Raises TT Club's Ratings to 'A-'
- Best Affirms Caisse Centrale de Reassurance 'A+' Rating
- Endurance Names Raver to Board
- R&M Report on Serbian Business
May 3, 2006
- 113 Die in Black Sea Plane Crash
- Accenture Survey Finds European Insurers See Positive Impacts from Solvency II Accounting Standards
- Guy Carpenter Launches London Market Electronic Claims File Process
- Allianz Provisional Q1 Figures Show 4.9% Gross Revenue Increase
- RenRe Posts $195.7 Million Q1 Operating Income; $179 Million Net
- S&P Assigns SCOR Global 'A-' Ratings; Affirms Group Ratings
- S&P Keeps NZ's Simply Insurance on Watch/Positive Pending GE Takeover
- AXIS to Announce Q1 Results Tomorrow; Host Teleconference
May 2, 2006
- Audit 'Not Completed' Says Max Re; Estimates Q1 Net at $74.2 Million
- Best Affirms Arch 'A-' Ratings
- Endurance Posts $107 Million Q1 Net; Conference Call Today, Details
- Navigators Q1 Earnings up 22% to $15.5 Million; Conference Call Info
- RenaissanceRe Release Q1 Results Today; Webcast Details
May 1, 2006