International & Reinsurance News for December 2002
- SAI-Fondiaria Merger Completed; Premafin to Sell Shares
- Chinese Regulators Ease Rules on Air-accident Insurance
- $1.2 Million for Damaged Rembrandt
- Chubb Merges Argentine Units
- Report Japanese Insurer Files Suit against Fortress Re and Accountants
- SPIR Meets Increasing Demand for Terrorist Cover
- SCOR Completes $390 Million Capital Increase
- The St. Paul Will Delist London Shares; Best Affirms Int’l. Unit ‘A’ (Excellent) Rating
- HCC Closes Acquisition of Dickson Manchester
- Report Fitch Puts Chilean Insurers on Watch
- HSBC to Buy Singapore Insurer
- Trenwick Finalizes Agreement With Lloyd’s Letter of Credit Providers
- A.M. Best Affirms Ratings of AGF, Groupama
- PXRE Concludes $194 Million Catastrophe Reinsurance Deal to Increase Underwriting Capacity
- Deloitte & Touche Withdraws ESG Re Audit Reports in Dispute over Contract w/ ACE
- China to Allow Non-Life Companies to Sell Flight Insurance
- Skandia Agrees to Sell U.S. Operations to Prudential for $1.26 Billion
- SAI-La Fondiaria Merger Approved – On Condition
- Endurance Plans $200 Million IPO
- Endurance Specialty Holdings Forms U.S. Subsidiary
- Bermuda Insurers Join Inreon Reinsurance Trading Platform
- Swiss Re Appoints Ann Godbehere as Chief Financial Officer
- Lloyd’s Welcomes Four New Brokers
- A.M. Best Affirms GCNA ‘A’ (Excellent) Rating, Upgrades U.S. Sub to ‘A-‘
- Henning Schulte-Noelle to Step Down As Allianz CEO
- Preliminary Swiss Re sigma Report Confirms 2002 “Below Average” Year for Catastrophe Losses
- R&SA Names Andy Haste as New CEO, John Napier as Chairman
- AXA’s German Division in Talks to Sell Austrian Operations
- A.M. Best Affirms Zurich Financial Services ‘A’ (Excellent) Ratings
- Lloyd’s Appoints Faraday’s Rolf Tolle as Franchise Performance Director
- Fairfax to Restructure TIG Insurance
- HCC to Acquire Lloyd’s Specialty Broker Dickson Manchester Ltd.
- Luxury Cars Lost in Channel Sinking Valued at $48 Million
- A.M. Best Lowers Rating of Steamship Mutual
- ING sells Fatum Operations to Guardian Holdings Limited
- SunCor to Join sEnergy Mutual Group
- SCOR Closes Rights Offering, Raises $387 Million
- Martin Hudson Named CEO of The St. Paul at Lloyd’s
- S&P Takes Favorable View of Trenwick’s Financing Agreement
- A.M. Best Assigns ‘A-‘ (Excellent) Rating to Aspen Insurance Limited
- S&P Lowers Munich Re Ratings to ‘AA+’
- Converium Files Amended Registration Statement to Sell $201 Million in Notes
- A.M. Best Affirms Rating of Hang Seng Insurance Company
- Lloyd’s 2003 Capacity Over $22 Billion
- Report Rx for European Insurers Financial Health – $18 Billion Asset Sale
- Swiss Re Panel Sees Modest Economic Growth, Continuing Hard Market
- Angry Reaction from Bermuda on Calls for S&P 500 De-listing
- Insurers Show Increasing Use of Enterprise Risk Management to Address Pressing Business Issues
- Mark Wigmore to Head St. Paul Re Runoff Operations
- S&P Upgrades Hong Kong’s CIRe Rating to ‘A-‘
- SCOR’s Kessler Confident Insurers Will Weather Current Crisis
- Trenwick Gets Agreement “in Principle” for 2003 Lloyd’s Funding
- A.M. Best Affirms Munich Re’s ‘A++’ (Superior) Rating
- Cox Turns Down Takeover Bid from Wood Group
- Worst Fires in 30 Years Ring Sydney
- A.M. Best Affirms Swiss Re A++ (Superior) Financial Ratings, Downgrades Debt Ratings with Negative Outlook
- Fitch Affirms Generali ‘AA’ Rating, Revises Outlook to Negative
- Insurance Journal Online Getting Worldwide Attention
- Lloyd’s CEO Explains Reforms to Royal Institute
- A.M. Best Affirms ‘A+ (Superior) Rating of HDI and Hannover Re
- Equitas Reports Six-month Results
- New Swiss Re Study Finds Lowest Growth in Premiums Since 1980’s
- AMP to Cut 1900 Jobs at Pearl, Reduce U.K. Operations
- S&P Upgrades Korea’s LG Insurance to ‘BBB’
- ESG Re Auditor Resigns, Nasdaq May De-list Shares for Late 10-Q Filing
- Consob to Rule on SAI-La Fondiaria Merger by End of this Month
- S&P Affirms Inter-Ocean Reinsurance Co. Ltd. ‘A’ Ratings
- WSJ Says European Insurance Stocks Due for Rally
- Trenwick to Suspend Preferred Share Dividends
- Benfield Group Plans London Share Listing
- New Oil Slick Set to Hit Spanish Coast
- SCOR Confirms Renewal of Letters of Credit