International & Reinsurance News for October 2003
- Best Downgrades Hannover Re, HDI
- China’s PICC IPO Raises $693 Million; HSBC Seeks China License
- Goshawk to Exit Lloyd’s Market
- Moody’s Sees “Positive Impact” from Proposed German Tax Reforms
- XL Reports Q3 Net Income of $99 Million
- S&P Affirms Hannover Re Bermuda ‘AA-‘ Ratings
- PartnerRe Appoints Vito H. Baumgartner to Board of Directors
- S&P Says Montpelier Re’s Lower Premium Estimates Won’t Affect Ratings
- Kingsway Completes $20 Million Private Securities Placement
- ACE Reports Strong Q3 Gains; Net Operating Income$304 Million
- Europe’s Banks and Insurers Appeal for Regulatory Harmonization
- Best Comments on Ratings of Aspen Insurance UK Limited and Aspen Insurance Limited
- Montpelier Re Reports $91 Million Q3 Net Income
- S&P Rates Russian Insurer Neftepolis ‘B-‘
- S&P Revises Ukraine Country Rating Outlook to Positive
- Converium Posts $44.3 Million Q3 Net Income
- RenRe Names Robert Lamendola Sr. VP; James Lewis VP
- American Safety to Sell 1.8 Million Common Shares
- Best Affirms Hiscox ‘A-‘ Rating
- Willis Acquires Ital Re
- French Government Obtains One Month Delay in ELIC Case
- Moody’s Affirms R&SA Group Ratings; Lowers U.S. Subs to ‘Ba3’
- Allianz Sees Return to Profit after Asset Sale, Tax Changes
- Willis Reports Record Q3, Nine Month Earnings
- RenRe Reports Q3 Net Income Up 28% to $1.59 Per Share
- S&P Lowers Unipol’s Ratings to ‘A-‘
- IPC Holdings Posts Q3 Gains
- A.M. Best Affirms Rating of Goshawk Reinsurance Ltd.; Assigns Negative Outlook
- Assurex Global Forms Captive Reinsurer
- Moody’s Confirms XL’s Ratings, Changes Outlook to Negative
- S&P Raises Hiscox Insurance to ‘A-‘
- Best Affirms Rating of South Korean Insurers Dongbu and LG Insurance
- Everest Re Posts 38.8% Increase in Q3 Net Income
- Best Affirms Tryg-Baltica Insurance, International Insurance Co. ‘A-‘ Rating
- ACE European Group Announces D&O Management Changes
- Best Affirms Singapore Reinsurance ‘A-‘ Rating
- American Re to Sell Becher + Carlson Risk Management
- Fitch Downgrades XL’s Debt Ratings to ‘A’
- German Parliament Approves Tax Reform Measures
- Best and Moody’s Comment on Munich Re Rights Issue
- Best Lowers Swiss Re Ratings to ‘A+’
- XL Expects Q3 Results to be $184 Million lower on NAC Re Claims – S&P Puts Company on CreditWatch
- General Re to Adopt ‘Gen Re’ as Global Brand Name
- S&P Reports on Latin American Insurers/Reinsurers
- XL Re Appoints Dieter Kohl Sr. VP, European Casualty Manager
- EC Drops Probe of Lloyd’s Regulation
- S&P Affirms Oil Insurance ‘A+’ Ratings
- CATEX Restructures Ownership as Benfield Reduces Stake
- ePolicy Solutions Opens Facility in India
- S&P Affirms Volkswagen Insurance Co. ‘A’ Ratings
- Best Affirms Rating of Tunisia’s BEST Reinsurance
- Arch Insurance Names Norman H. Jones VP Commercial Hull & Marine
- W.R. Berkley Forms New Underwriting Management Company, Makes Executive Appointments
- HRH to Acquire London Broker Alexander Brooks & Stevens
- Best Affirms ‘A’ Ratings of Lloyd’s Beazley Syndicates
- Paul Medini Appointed as ACE Chief Accounting Officer
- Aspen Announces U.S. IPO
- A.M. Best Affirms Mutuelle Centrale de Reassurance ‘A-‘ Rating
- German Tax Law Change Would Benefit Insurers
- A.M. Best Assigns ‘B+’ Rating to Tasman Pacific
- Lloyd’s Appoints Iain Saville First Head of “Business Process Reform”
- A.M. Best Affirms St. Paul International ‘A’ Rating
- A.M. Best Affirms Groupama’s ‘A+’ Rating
- S&P Notes SCOR Ratings Remain on CreditWatch
- PXRE Says Court Affirms $9.8 Million Judgment Against Terra Nova
- S&P Comments on AMP De-merger; Sees No Rating Change
- AIG to Buy 9.9% Stake in Chinese P/C Insurer
- S&P Lowers Cooperativa de Seguros to ‘A-‘, Off CreditWatch
- RMS Performs Risk Analysis for Securitization Covering Cancellation of 2006 FIFA World Cup
- BSX Gives Nod to Secondary Listing of Common Shares of White Mountains Insurance Group Ltd.
- AEMI Appoints French as London Branch Manager
- France Refuses U.S. Extradition Request in Executive Life Case
- Kingsway Makes Pair of Executive Appointments
- A.M. Best Assigns Country Risk Ranking of Tier III to Jamaica
- American Safety Insurance Raises $5 Million Via Trust Preferred Offering
- XL Capital Ltd Notes Launch of Global Leadership Training, Development Initiative
- AXIS Capital Makes Appointments at AXIS Re Europe
- Talks On-Going on New Bermuda Reinsurance Company
- Banks Named to Lead Aspen Re’s U.S. IPO
- S&P Affirms French Insurer Groupama at ‘A’; Outlook Stable
- S&P Affirms Aviva Canada Subs ‘A’ Ratings
- Kingsway Names Two Execs, Private Placement Raises $10 Million
- Trenwick Announces Completion of Sale of Trenwick International
- ACE Bermuda Promotes Chris Fisher to Senior VP
- Canadian Insurers Handling Hurricane Claims
- Federated Insurance Helps IBC Fight Insurance Fraud
- S&P Affirms Aviva’s ‘A-‘ Long-term Debt Rating
- S&P Places Kingsway on CreditWatch Negative
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