International & Reinsurance News for February 2004
- Best Affirms Platinum Subsidiaries ‘A’ Rating
- Arbitration Award Against AIG Subsidiary Affirmed
- Gallagher & Co. Increases Stake in RMP to 100%
- Best Affirms NIPPONKOA ‘A’ Rating
- Mark Byrne Retires as Director of White Mountains
- Munich Re Releases 2003 Catastrophe Study
- GE ERC Announces Global Appointments
- New Brunswick Insurers Plan to Lower Auto Rates
- Best Affirms ‘A’ Rating of Inter-Ocean Subsidiaries; Revises Outlook to Negative
- RMS Funds Singapore Center to Study Political Violence and Terrorism
- Canadian Broker Joins SIAA
- S&P Assigns Arch Capital ‘BBB-‘ Rating
- ACE Overseas Appoints Peter Seymour Sr.VP-Marine
- Sedgwick Claims Management Opens Canadian Office
- Arch Names Joseph M. Vierling VP Contractors/Erection All Risk
- Allied World Reports $87.2 Million Q4 Net; $288.4 Million Full Year
- Best Affirms Jupiter Insurance ‘A+’ Rating
- Aspen Reports $54.5 Million Q4 Net; $152.1 Million Full Year
- JLT Reports $211 Million Net Pretax Profit
- Zurich Bounces Back with $2.1 Billion 2003 Net; Best Comments
- Accused CL Exec Appeals Federal Reserve Sanctions
- Best Assigns ‘A-‘ Rating to Steamship Mutual (London)
- Everest Re Group Announces Dividend
- A.M. Best Affirms Ratings of Two Indian Insurers
- Aon/Albert G. Ruben Releases Global Risks in Filmmaking Map
- ING to Exit Argentine Insurance Market
- Arch Capital Reports $83.7 Million Q4 Net; $280.6 Million Full Year
- Best Comments on Converium’s 2003 Results
- Converium 2003 Net up 73% at $185 Million
- Best Assigns ‘A-‘ Rating to Taiwan’s Central Re
- IPC Holdings, Ltd. Elects New Officers
- Swiss Re Reports 7% P/C Renewal Premium Growth
- Channel Re Formed; Receives Top Ratings
- Navigators Strengthens Asbestos Reserves; Best, S&P Comment
- Bob Bullivant New Managing Director of CII, SOFA
- SCOR 2003 Gross Premiums Drop 26%
- Kingsway Posts 7% Increase in Net to $64.6 Million
- Willis Announces Secondary Share Offering
- Montpelier Re Reports $99.9 Million Q4 Net; $407.1 Million Full Year
- Best Assigns Initial ‘B++’ Rating to Jamaica International
- Allied World Promotes Nessa Goodman to Assistant VP-General Casualty
- Best Affirms Misr Insurance ‘A-‘ Rating
- Massa B. Cressall to Lead Endurance Specialty Investor Relations
- Transatlantic Holdings Announces Record Q4, Full Year Net Income
- Benfield to Use eReinsure Platform for Facultative Reinsurance
- Tomas Urbanec New Head of ACE International Personal Lines
- IBC and CGI Ready New MVR Service
- Best Affirms Allianz ‘A+’ Ratings
- AIA Issues Mixed Comment on Australia Trade Pact
- Best Affirms Steamship Mutual ‘A-‘ Rating
- Kinnect Processes First ‘Open Market’ Risk
- Xchanging Acquires RebusIS
- S&P Revises Outlook of AXA U.K. Subs; Affirms ‘A+’ Ratings
- PartnerRe Announces 5% Jan. Growth
- Best Assigns Ratings to New Zealand’s Tower Group
- Chubb Establishes New Marine Operation
- PartnerRe Reports $104.5 million Q4 Net; $467.7 Million Full Year
- XL Appoints Paul S. Giordano as President of Financial Solutions Operations
- HCC to Merge London Based Intermediary Subsidiaries
- Ex-Credit Lyonnais Exec Pleads Guilty in Executive Life Case
- Best Sees No Change in Swiss Re Ratings
- Fairfax Reports $271 Million 2003 Earnings
- Best Affirms Al Chark’s ‘A-‘ Rating
- Assurant IPO is Year’s Biggest Success to Date
- CAT Securitizations in 2003 Reveal Increased Innovation, Modest Growth in Volume
- Aviva to Close U.K. Brokerage Operation
- France’s EDF Joins OIL
- Swiss Re to Acquire CNA’s Life Business for $690 Million
- ACE Reports $421 Million Q4 Net; $1.4 Billion Full-year
- Willis Posts $118 Million Q4 Net; $414 Million for Year
- XL in Partnership with City of Zurich to Provide Career Education Program
- “2004 Will Be the Real Test” Lord Levene Tells Insurers
- IBC Appoints Jane Voll VP of Policy Development and Chief Economist
- White Mountains Reports 2003 Results; Posts 13% Growth In Book Value
- Best Assigns ‘B++’ Rating to Qatar General
- S&P Foresees Conflict between U.S. Insurers, Reinsurers
- Everest Re Doubles Q4 Net to $121.8 Million; Full-year Operating Income $456 Million
- Skandia Completes Sale of Japanese Operations to Millea
- Max Re Posts $36.4 Million Q4 Net; $120.6 Million Full-year
- AXA 2003 Revenues Fall to $89 Billion on Dollar Weakness
- Willis Files Shelf Registration for 35.8 Million KKR Shares
- British MEP Wants EU Court to Examine Lloyd’s case
- Max Re Director Resigns, Dividend Declared
- IIA Updates Ocean Marine Insurance Textbook