International & Reinsurance News for May 2003
- S&P Says Global Reinsurance Outlook “Remains Negative”
- Montpelier Re Appoints Peter Woolf VP, Underwriting Review Manager
- Report Taiwan’s Chang Hwa Bank Establishes P/C Unit
- Best Upgrades Rating of Endurance Specialty to ‘A’
- PXRE Files $150 Million Universal Shelf Registration Statement
- S&P Affirms Italy’s SIAT ‘BBB’ Ratings
- Best Upgrades Rating of Montpelier Re to ‘A’
- Hannover Re Q1 Net Hit by Writedowns
- Willis Leads Healthcare Firms in Founding Mutual Company
- Ontario Students to Promote IBC Road Safety Program
- Karla M.H. Peijs to Leave AEGON Supervisory Board
- Canadian April Storm Losses Reach $14.3 Million
- S&P Assigns ‘A’ Rating to Stein Insurance Co. “Jersey”
- Lloyd’s Chairman Urges Expansion into European Union.
- S&P Affirms ACE Capital Re Group ‘AA’ Ratings
- Report AIG Betting Japan Property Market Will Recover
- FINEOS Appoints Isabel Hudson to Board of Directors
- Zurich Q1 Net up Sharply to $114 Million
- AlphaStar Regulatory Filings Delayed; Faces Nasdaq Hearing
- A.M. Best Affirms PXRE’s ‘A’ (Excellent) Ratings
- Allied World Opens London Underwriting Branch
- S&P Affirms Spanish Insurer FREMAP ‘AA’ Ratings
- R&SA Posts $156 Million Q1 Group Operating Profit
- New Swiss Re Publication Examines Terrorist Risks
- A.M. Best Downgrades The Underwriter Insurance Company Rating
- White Mountains Reports Results of Members Meeting
- S&P Maintains CreditWatch on Australia/NZ Tower Ltd. Group
- AEGON Appoints Bas Snijders Senior VP Group Treasury
- S&P Issues Report on European Insurance Sector
- Baltimore Technologies to Provide Security System for Lloyd’s Kinnect
- S&P Affirms XL Capital Senior Debt Rating
- InsureMyTrip Adds International SOS to Its Online Travel Coverage Products
- Willis Launches New Cat Risk Modeling Service
- ING Sells 49% Stake in Seguros Bital to HSBC
- Best Announces Rating Actions on AXA’s Canadian Subsidiaries
- AXA Mgmt. Board Member Françoise Colloc’h to Retire; Claude Brunet to Replace Her
- Max Re Announces Three New Appointments
- Arch Insurance Names Belinda Rowan Managing Director of Ocean Cargo
- Allianz Shows Improvements, But Posts $593 Million Q1 Net Loss
- SCOR Posts Strong Q1 Gain, $35 Million Net
- S&P Launches “Inside View”, New Guide to Insurer Ratings
- Trenwick Narrows Q1 Net Loss to Under $1 Million
- Transatlantic Re Elects Officers, Increases Dividend
- IBC Position Reportedly Reaffirmed by UARB Findings
- EU Parliament Passes “Polluter Pays” Directive
- IBC’s AIM Conference Brings Together Insurers and Car Makers
- ESG Re Reports Q1 Loss of $1.78 Million
- Platinum Raises 2003 Earnings Forecast; Will Take $9.5 Million Charge
- Platinum Reports $30.6 Million Net Q1 Earnings; Gregory Morrison to Replace Jerome Fadden as CEO
- S&P Lowers AMP Ratings, Assigns “Negative Outlook”
- AXA’s Gerard de La Martiniere to Head French Insurance Organization; Denis Duverne Elected to Board
- S&P Raises Tugu Insurance to ‘Bpi’ from ‘CCCpi’
- S&P Comments on R&SA Capital Raising
- XL Announces Global Reinsurance Management Changes
- AXA Reports Q1 Total Revenues at $23.5 Billion
- Swiss Re Shareholders Accept 2002 Results; Chairman Says 2003 Will be Better
- Winterthur to Sell Republic to Investor Group Led by Wand Partners
- R&SA’s Australia/NZ IPO Will Raise $1.22 Billion
- Willis Announces Results from Annual Meeting of Stockholders
- PartnerRe Completes Offering of Series C Preferred Shares; Will Redeem Series A
- Best Assigns ‘B++’ Rating to Sovag
- IBC Honors Five “Disaster Prepared” Communities
- LOMA Reschedules Singapore Conference for November
- S&P Affirms White Mountains ‘BBB-‘ Ratings
- IBC to Hold “Emerging Trends” Conference May 14
- PXRE Q1 Earnings Up 30% to $23.6 Million; Jeff Radke Named as New CEO
- Best Comments on Gerling Ratings
- ACE Prices $500 Million Preferred Share Offering
- $171 Million Capital Gain for Swiss Re on PartnerRe Sale
- inreon Exits Reinsurance Market
- Swiss Re, Deutsche Bank to Take Over Gerling NCM
- CGI and HP Deliver Business Platform for Lloyd’s Kinnect
- Converium Notes Large Shareholdings
- PartnerRe Reports $124.6 Million Q1 Net Income
- SCOR Announces Successful April Renewals in Asia
- Endurance Specialty Holdings Reports $51 Million Q1 Net Income
- Max Re Capital Ltd. Reports $14.562 Million Q1 Net Income
- ACE Limited Announces $300 Million Preferred Share Offering
- Fairfax Financial Posts $108.8 Million Q1 Net
- Best Puts Gerling Canada Rating Under Review
- Lloyd’s Accredits 2 U.K. Brokers, First Independent Irish Broker
- Allied World Reports $55.8 Million Q1 Net
- S&P Affirms Skandia’s ‘A’ Ratings; Revises Insurance Outlook to Stable
- Lindsey Morden Group Reports Q1 Net Loss
- Kingsway Reports Q1 Net Income up 33% at $24.4 Million
- AXIS Announces First Quarter Results
- Death Toll Rises in Turkish Earthquake
- Montpelier Re Reports $103.8 Million Q1 Net Earnings
- S&P Places AMP Ratings on CreditWatch Negative
- ICHEIC Updates List of Potential Insurance Claimants