International & Reinsurance News for March 2002
- Lloyd’s Completes $5 Billion Trust Fund Transfer
- $150 Million Investment in PXRE Approved
- Crawford Opens New Zealand Office
- S&P Withdraws Ratings on Brit Insurance by Request
- Moody’s Report Discusses Effect of Decreasing Number of Lloyd’s Syndicates
- EU Approves Zurich, Deutsche Bank Deal
- U.K.’s Claims Direct Reports Loss
- ING to Acquire 49% Stake in Brazil’s Sul America
- Goshawk Reports $10.5 Million Loss for 2001
- Trenwick Appoints Alan L. Hunte Exec. VP, CFO
- EU Governments Likely to Extend Airline Terror Coverage
- AXIS Gains Wide Access to U.S. Market with Company Acquisitions
- A.M. Best, SP Affirm Ratings on ZFS
- Munich Re Announces Provisional 2001 Results, Profits Fall by $1.33 Billion
- AXA Bids $73 Million for Paris Auction Business
- Paula Cox to Join ACE as Corporate Counsel
- S&P Report Warns Insurers on Financial Guarantees
- Cox to Run Off $142 Million in Lloyd’s Business as Part of Restructuring
- S&P Affirms Allianz Group Ratings, Revises Outlook to Negative
- XL Invests $72.75 Million in Primus Guaranty
- New On-line Run Off Centre Launched in London
- Gerling Sale Plan Leads SP to Revise Outlook
- HSBC to Increase Presence in Chinese Market
- Taiwan’s Insurers May Face Reinsurance Problems Says SP
- Zurich Concludes Political Risk Agreement with Israeli Export Agency
- Arch Capital to Offer 6.5 Million Shares to Public
- Eureko May Postpone Market Listing
- Converium Posts $367.4 Million Net Loss for 2001
- Fondiaria Seeks to Block Votes by JP Morgan and Other Shareholders
- AXA Earnings Fall 47.6% to $1.06 Billion
- Munich Re Reviews 2001, Warns on Meteorites, Climate Change
- Catastrophe Losses Set at $34.4 Billion Last Year Says Swiss Re Study
- Willis Study Finds DO Market in Disarray
- Report Deutsche Bank Seeks to Divest Stake in Gerling
- ING to Acquire 17.5% Stake in Mexico’s Bital
- Australia’s QBE Posts $13 Million Loss for 2001
- S&P Report Paints Bleak Picture for Argentine Insurance Industry
- PartnerRe Posts 37% Increase in January Renewal Premiums to $1.37 Billion
- RI3K Adopts ACORD Standards
- A.M. Best Withdraws Indicative Financial Strength Rating of Danish Re Bermuda Ltd.
- Zurich Confirms $387 Million Loss in 2001
- CSFB Chief To Resign Post at Swiss Re
- Report HIH Shareholders Consider Suit Against Arthur Andersen
- Mutual Risk Management Notes Sale of Hemisphere Management Subsidiary
- Aegon Names New U.S. Division Chief
- A.M. Best Affirms Rating for XL Capital Group; Debt Ratings Assigned
- Endurance Specialty Makes Appointment
- French Insurer’s Net Profit Drops by Half in 2001
- The Guarantee Company of North America USA Makes Name Change
- Fitch Ratings Affirms Max Re’s Rating
- ING Reports 6.1% Net Profit Rise to $3.764 Billion
- Confidence in RSA Chief Wanes as Poor Results, Asset Sales Continue