International & Reinsurance News for November 2003
- S&P Lowers Attorneys’ Liability Assurance Ratings to ‘AA-‘
- S&P Says Montpelier Re Dividend Program To Have No Effect on Ratings
- S&P Revises Skandia Outlook to Negative
- Munich Re Reports $180 million Q3 Net Profit; Expects Full-year Loss
- S&P Comment on Japanese P/C 1st Half Results – Profitability Still in Question
- Best Downgrades Ratings of Centre Solutions
- Montpelier Re Announces First Quarterly Dividend
- Best Affirms HSB Engineering Insurance ‘A+’ Rating
- SCOR Directors Support Capital Increase
- Executive Life Settlement Talks Stalled
- Insurers See Minimal Loss from Istanbul Bombings
- D-Day for Credit Lyonnais ELIC Settlement
- Liberty Mutual to Open China Office
- R&SA 9 Month Results Show Progress; $248 Million Loss
- White Mountains Elects Directors; Jack Byrne to Chair Executive Committee
- Best Affirms Malaysia’s Labuan Re ‘B++’ Rating
- XL Appoints Interim Management at Weather & Energy Subsidiary
- U.K.’s CII Hits 2003 Membership Target
- Chubb Exec Asserts Wealthy U.K. Clients Suffer from ‘Insurance Apathy Disease’
- Ewald Kist to Retire as ING Chairman
- Best Sees No Change in Zurich’s Ratings
- Henry Klecan to Head SCOR US; Reinsurer Contests Fitch Ratings Downgrade
- Lloyd’s Adopts U.K. GAAP in Move to Annual Accounting
- Turnaround – Zurich Reports $701 Million Q3 Net; $1.4 Billion First 9 Months
- Best Lowers AXA Re and Subsidiaries to ‘A-‘
- S&P Gives Italian Insurance Market a Stable Outlook, Cites Good Fundamentals
- S&P Affirms Talanx ‘AA-‘ Ratings
- Gen Re Invited to Apply for Reinsurance License in China; CEO Receives Marco Polo Award
- American Re Closes Sale of Becher + Carlson Risk Management Unit
- IAIS Launches Improved Web Site
- ESG Re Reports $3.4 Million Q3 Net Loss
- Allianz Back in the Black; Posts $498 Million Net for Nine-months
- Best Affirms AGF’s ‘A+’ Rating
- ING Group Reports $3.54 Billion Nine Month Profit
- Kingsway to Sell Stake in USA Insurance Group
- Best Affirms ACE Belgian Sub ‘A’ Rating
- A.M. Best Affirms Rating for Energy Insurance Mutual Ltd.
- Hyundai Tiburon, Subaru Impreza Top Canada’s Stolen Auto List
- Converium Lands ‘A’ Rating
- Best Affirms Allied World Assurance
- New Swiss Re Publication Looks at Question: Is Ecological Damage Insurable’
- Axa Looking for More European Acquisitions
- Lloyd’s Notes Step in Business Process Reform
- Hyundai Marine & Fire Upgraded
- Samsung Fire & Marine Affirmed
- S&P: European Sector Strong Despite Negative Trends
- XL Capital Declares Quarterly Dividends
- Axa Revenues Decline 4 Percent
- SCOR’s Review Status, Debt Ratings Downgraded
- Best Affirms Samsung Fire & Marine ‘A+’ Rating
- Best Affirms Korean Re ‘A-‘ Rating
- Lamfalussy Approach Explained
- SCOR Posts $400 Million Nine-month Loss; Rating Agencies React
- U.S., Foreign Trade Groups Ask IASB to Revise Proposed Insurance Guidance
- AXIS Reports $147 Million Q3 Net
- Best Affirms Lloyd’s Syndicate 510 ‘A’ Rating
- ri3k Announces New Global Infrastructure
- Aegon Posts $533 Million Q3 Net Profit
- PICC Shares Up Sharply as HK Trading Begins
- Best Upgrades Hyundai Marine & Fire Rating to ‘A-‘
- ING Mexican Bank Accounts to Remain Frozen
- American Re Notes Sale of ARB International Ltd.
- S&P Affirms Russia’s Country Ratings, “Despite Political Turmoil over Yukos Affair “
- U.K. Gov’t. Launches Review of FSA Law, ABI Approves
- Deloitte & Touche Survey on Money Laundering Finds “Operational Challenges for Financial Services Industry”
- Endurance Specialty Reports Q3 Net up 96% to $56.5 Million
- Best Lowers Clarendon Insurance Group ratings to ‘A-‘
- Rent Shield Announces $120 Million Lloyd’s Placement for Investment Property Risk
- HRH Co. Finalizes Acquisition of Alexander, Brooks & Stevens Ltd.
- Zurich to Sell Philippine P/C and Life Business
- Arch Capital Reports $82.6 million Q3 Net; Files for $500 Million Offering
- Big “I” Sees International Success with New Associate Member Status
- Best Withdraws Syndicate 102 Rating; Comments on Goshawk Re
- Max Re Reports $38.8 Million Q3 Net
- Lloyd’s Issues Statement on Goshawk Withdrawal
- Elektra Buys Cigna’s Mexican Business
- RMS Expands Capability of Weather Risk Management Model
- Fairfax Financial Reports Q3 Loss, Nine Month Earnings Gain
- Best Comments on Rating of Alea Group Subsidiaries