International & Reinsurance News for April 2002
- XL Reports Q1 Rise from Operations, But Investment Losses Hit Net Income
- Michael Wade’s Appointment as Brit Director May Signal Consolidations at Lloyd’s
- La Fondiaria Shareholders’ Meeting May Be Postponed
- German Government to Provide $9 Billion in Terrorist Cover
- S&P Affirms Swiss Re’s ‘AAA’ Ratings
- Shakeup at Generali: Gutty, Cerchiai Resign as Joint CEO’s
- S&P Affirms ‘A-‘ Ratings on CNA’s U.K., European Units
- Allianz Offers Airlines $2 Billion Terror Cover Program
- St. Paul to Transfer Reinsurance to Bermuda; Will Retain Minority Stake
- W.R. Berkley to Acquire 20% Stake in Lloyd’s Market Insurer Kiln
- Chubb Opens Zone Office in Melbourne for Asia/Pacific Political Risk
- Prudential U.K. Chairman Hurn Resigns
- IPC Holdings Doubles Q1 Operating Income to $44.3 Million
- Viva Aviva CGNU’s Shareholders Approve Name Change
- Everest Re Q1 Operating Income Up 23.6%
- EQECAT Releases New Catastrophe Modeling Software
- A.M. Best Affirms Lloyd’s ‘A- (Excellent)’ Rating
- RenRe Posts 100% Increases in Q1 Premiums, Income
- Opposition to CGNU Name Change Increases as Vote Nears
- Coverage on Milan Tower Unclear
- Rolf Hüppi to Leave Zurich
- S&P Negative on Future of French P/C Insurance Market
- Allianz Finalizes 2001 Net Profit at $1.42 Billion, Defends Dresdner Acquisition
- Max Re Lowers Q1 Estimates
- Outgoing Aegon CEO Optimisitic on 2002
- S&P Raises ING Comercial America Ratings to ‘A-‘
- Winterthur Joins Inreon On-line Reinsurance Exchange
- A.M. Best Lowers Ratings on I.P.C. Group
- China Sends Insurance Team to Korea to Arrange Air Crash Claims Payments
- Bermuda’s Premier Responds to U.S. Tax Bill
- Munich Re May Enter Fondiaria Fray
- Converium Adopts eReinsure.com Negotiation Platform
- Hiscox Posts $46 Million Loss; Places $33 Million in Cat Bonds
- Munich Re Obtains Chinese Reinsurance License
- SCOR Sells Fulcrum to Argonaut
- A.M. Best Affirms Everest Re A+ (Superior) Ratings
- Report AXA to Increase Corporate Solutions Unit’s Capital
- ING Cautiously Optimistic for 2002
- Allianz’ Mondial Assistance Offers Help Around the World
- Australia Extends Aviation Excess Coverage
- Lloyd’s Change to Annual Accounting Creates $4.45 Billion Loss Estimate for 2001
- Allied World Appoints Scott Carmilani Exec. VP
- AXA, Commerzbank May Sell Stakes in Credit Lyonnais
- Swiss Re Confirms $98 Million Loss for 2001
- QBE Strengthens Capital with $250 Million Debt Issue
- A.M. Best Downgrades Realm National to C++ (Marginal)
- Assurex International Renamed Assurex Global
- Arch Capital Public Offering Raises $179 Million
- High Praise for Robert Clements as He Retires from XL’s Board
- S&P Affirms PXRE Ratings, Outlook Stable
- RSA’s CEO Takes a Small Pay Cut
- Six Leading Insurers To Set Up Joint European Venture to Cover Terrorist Risks
- Evan Greenberg to Head ACE’s Int’l. Operations
- S&P Affirms ‘A’ Rating on RSA’s Trygg-Hansa, Revises Outlook to Negative
- PXRE Completes $150 Million Private Investment
- Assurex Adds Partners in Peru, Tunisia U.S.
- Arch Capital Sets Share Offer Price
- AXA Moves to Centralize Procurement; SP Rates Irish Sub ‘BBB’
- Endurance Specialty CEO Sees Market Challenges
- Polish Government Rejects Eureko’s Takeover of PZU
- Spain’s Mapfre Re Joins inreon Exchange
- AXIS Announces $400 Million Credit Agreement
- U.K. Insurers Still Face Sept. 11 Threat
- Trenwick Exercises Catastrophe Equity Put Option
- Allianz Study Shows First Minutes Are Crucial in Vehicle Fires
- Swiss Re CEO Upbeat on Equity Markets
- Lloyd’s Kiln Covers Drug Company Patents