International & Reinsurance News for February 2003
- Allied World Increases Capacity
- Moody’s May Lower Zurich’s Ratings
- A.M. Best Expands Capabilities of its Hong Kong Regional Headquarters
- David Foy to Join White Mountains as CFO
- Kingsway Comments on Best’s Rating Actions
- AXA Reports 10% Gain in 2002 “Underlying Earnings”
- Zurich Confirms $3.4 Billion 2002 Loss; Best Sees No Change in Ratings
- Graham Pewter Appointed President and CEO of Catlin, Bermuda
- Montpelier Re Reports Q4 Net of $73.7 Million; Full Year $152 Million
- RenRe Registers $200 Million in Mixed Securities with SEC
- AGF Belgium under Investigation in Tax Probe
- Swiss Re’ Expects $74 Million 2002 Loss; January Renewal Rates up 10%
- A.M. Best Affirms Rating of NIPPONKOA Insurance Company
- A.M. Best Affirms Rating for HSBC Medical Ltd.
- Arch Capital Group Ltd. Unveils 4thQ, 2002 Numbers
- White Mountains Announces Retirement of Patrick Byrne as Director
- Munich Re Selects SAP for Insurance Solution to Manage Core Processes
- Winterthur to Merge Operations, Cut 350 Jobs
- Allied World Assurance Holdings Notes 4thQ Results
- A.M. Best Affirms Rating for Sun Hung Kai Properties Ltd.
- A.M. Best Lowers Rating for Unum Japan Accident Co.
- XL Capital to Launch New Global Communications Program
- S&P’s Assigns ‘A-‘ Rating to AA Insurance
- White Mountains Reports Improved 2002 Results
- AXIS Pleased with Achievements in Short Time
- S&P’s Upgrades Hyundai Marine, Oriental Fire to ‘BBpi’
- Platinum Underwriters Holdings Said Pleased With Finances
- A.M. Best Assigns ‘A+’ Rating to Nichido Fire and Marine Co. Ltd.
- Fitch Reaffirms ‘A’ Rating for Max Re
- Willis Group Appoints Roberts to Board of Directors
- Transatlantic Holdings Notes 4thQ Results
- A.M. Best Updates FSR Status for Gerling Konzern Allgemeine Versicherung
- S&P Lowers AXA Group Ratings to ‘AA-‘
- XL Capital Reports $250.2 Million Q4 NOI; $396 Million Net Income for 2002
- S&P Removes AMP from CreditWatch; Lowers Ratings of U.K. Units
- Lloyd’s Chairman Sees Industry at a “Crossroads”
- Converium Posts $106.8 Million Net Profit in 2002
- Cybersettle Receives U.K. Patent for Insurance Dispute Settlement Method
- PartnerRe Reports Strong Gains in Q4, Full Year Earnings
- Max Re Capital Names Bernard W. Anckner and Michael S. Morgan to Complete EGL Team
- Roberto Mendoza Resigns from ACE Board to Head IFL
- Mediobanca Sells Part of its Stake in La Fondiaria-SAI
- John Coldman and Bronek Masojada Re-elected as Lloyd’s Deputy Chairmen
- S&P Removes ACE Ltd. Short-term Debt Ratings from CreditWatch
- Lloyd’s Joins WTC Lawsuit in Support of “One Occurrence” Assertion
- S&P Affirms Eureko’s ‘A+’ Ratings; Off CreditWatch
- London Insurer Posts $3.24 Million Bail for Prestige Captain
- S&P Reiterates Concerns on Gerling
- Montpelier Re Raises Q4 Estimates
- AXA 2002 Gross Revenues Top $80 Billion
- XL Winterthur to Become XL Insurance Global Risk
- ACE Limited Reports $77 Million Net Income for 2002; Posts $168 Million Q4 Loss
- Willis Group Reports $210 Million Net Income for 2002; $118 Million in Q4
- RenRe Posts $105 Million NOI in Q4; $365 Million Operating Profit for 2002
- Genesis Technology Group Signs Agreement With Chinese Insurance Broker
- Fitch Lowers ING’s Ratings to ‘A+’
- S&P Affirms Axis Specialty ‘A’ Ratings
- Nasdaq De-lists ESG Re for Late 10-Q Filing
- Mediobanca to Reduce Fondiaria-SAI Stake to 2%
- A.M. Best Affirms RenRe Subsidiaries’ Ratings; Downgrades Trenwick Group
- Max Re Capital Posts Q4 Net Income of $0.29 per Diluted Share
- Transatlantic Holdings Adds $100 Million to Loss Reserves
- Arch Insurance Introduces New Excess Liability Capacity
- S&P, Moody’s Lower Trenwick Group’s Ratings
- U.K. Regulators May Ease Solvency Rules to Help Embattled Life Sector
- Max Re Announces Dividend; William Goodell to Leave Board