International & Reinsurance News for August 2004
- Allied World Opens London Office
- ACE Announces Japan, N.Z. Management Changes
- New Report on U.K. Insurance Market Issued
- Converium Completes External Reserve Review; Share Issue to Raise $420 Million
- UPDATE: Category 3 Hurricane Frances Still Heading towards U.S.
- Edith Holiday Elected to White Mountains’ Board
- Best Assigns ‘A-‘ Rating to Aetna (Bermuda) Ltd.
- Research and Markets Report on Insurance Outsourcing Focuses on India
- CII Notes Agenda for Annual Conference
- Hurricane Frances Heading towards U.S.
- Typhoon Chaba Hits Southern Japan
- Zurich’s Emerging Markets Unit Adds Marketing Manager in Hong Kong
- Best Assigns Ratings to Lloyd’s Syndicate 1084
- Still No Answers on Russian Plane Crashes
- DRI Australia Conferences on “Frivolous Lawsuits”
- AXIS Estimates Charley Impact at $60-80 Million
- SCOR Posts 38.7 Percent 1st Half Net Income Increase to $70 Million
- European Insurers Consider Certain Terrorist Risk Exclusions for Airlines
- Swiss Re 1st Half Net Doubles to $1.1 Billion
- S&P Rates Norway Energy & Marine ‘BBB’
- PXRE Estimates Charley Losses at $13 to $18 Million
- U.K.’s Admiral Plans $416 Million IPO
- IPC Sees Charley Losses Between $35-$45 Million
- Best Assigns Arch (Europe) ‘A-‘; ‘a-‘ Ratings
- Typhoon Aere Hits Taipei; South China on High Alert
- Aspen Puts Charley Losses between $35-50 Million
- 89 Reported Dead in Two Russian Plane Crashes
- Fairfax Puts Charley Losses at $40 Million
- “Scream” Theft Focuses Attention on Art Insurance
- White Mountains, Montpelier Re Hurricane Charley Loss Estimates May Top $100 Million
- Max Re Says Charley Impact Between $6-$9 Million
- XL to Redeem All “LYONs” Notes Due 2021
- Platinum Estimates Net Impact From Hurricane Charley at $20 Million to $35 Million
- Typhoon Aere Bearing Down on Taiwan
- Indian Leftist Parties Oppose Raising Foreign Insurance Investment Cap to 49%
- ACE, Arch Give Charley Loss Estimates
- Munch Masterpiece Stolen – Again
- Endurance Reports Charley Loss at $43-48 Million
- RenRe Estimates Charley Impact Between $100-140 Million, Including DaVinci Re
- S&P Assigns Austria’s Wiener Städtische ‘A’ Rating
- CIRC to Allow China’s Insurers to Invest Foreign Currency Holdings Offshore
- PartnerRe, Converium, Transatlantic and SCOR Give Preliminary Loss Estimates from Hurricane Charley
- Liberty Mutual to Buy AGF’s Chilean Subsidiary
- Best Rates XL’s Senior Notes ‘a-‘
- Swiss Re Estimates Charley Claims Under $200 Million
- Zurich Reports 93% Rise in 1st Half Net to $1.448 Billion; Losses from Charley Estimated at $150 Million
- S&P, Fitch Rate XL’s Senior Notes ‘A’
- XL Estimates Charley Claims at Around $125 Million
- S&P Raises Ming An Insurance Co. Ratings to ‘BB’
- S&P Report Says Singapore’s Life and Nonlife Insurance Industries Stay Resilient; Outlook Stable
- ACE Plugs Risk Data Gap with Launch of Online Tool
- Norwich Union Tests ‘Pay-as-you-Go’ Auto Insurance
- Chinese Regulator Approves Willis Joint Venture
- EC to Begin Formal Work on Insurer/Reinsurer ‘Solvency 2’ Rules in 2005
- Foreign Insurers Are Assessing Charley’s Impact
- Allianz Posts Strong 1st Half Results
- Best Affirms Alliance Re ‘B++’ Rating
- Best Affirms Brit Insurance ‘A’ Rating
- Lloyd’s Opens West Coast Office in L.A.
- Zurich Divests Taiwan Life Business
- AXA UK Names Richardson Group Business Risk Director
- AGF Posts Record $660 Million 1st Half Net
- S&P Assigns ‘A-‘ Rating to Finland’s Pohjola
- R&SA Proves Less Is More as 1st Half Results Beat Expectations; Codan Not For Sale; Best Comments
- Best Takes Rating Actions on Lloyd’s Syndicates
- Best Upgrades Lloyd’s Rating to ‘A’; Mgmt. Comments
- Charley Batters Cuba; Heads Towards Florida
- S&P Revises Outlook Swedish Club to Positive
- Transatlantic Names Apfel Senior VP-Chief Actuary
- Fitch Affirms XL Capital Ltd. Ratings
- Aspen Insurance Holdings Prices Notes
- S&P Raises Aviva’s French Unit to ‘AA-‘
- S&P Lowers Oil Casualty to ‘A-‘
- Hannover Re Posts Strong 1st Half Earnings
- Hurricane Charley Heads for U.S. Mainland
- Best Assigns ‘B++’ Rating to London General
- Vehicle Destruction May Be Ultimate Sanction for Uninsured U.K. Drivers
- Charley Threatens Caribbean Islands
- Best Assigns Indicative Ratings to Axis Debt Issues
- Allianz Appoints Bowers New Asia CEO
- Best Assigns “bbb” ratings to Aspen Notes
- R&SA Reported to be Reconsidering Codan Sale
- S&P Rates Aspen Holdings ‘BBB’
- Best Affirms Markel International ‘A-‘ Rating
- ACE European Group Predicts More Alternative Risk Financing Over Next Five Years
- Kroll Acquires U.K. Employee Screening Company
- Accident Compensation Corp. Chooses SumTotal for Improvement to Workforce Readiness
- Endurance Specialty Reports $850M Credit Facility
- A.M. Best Downgrades Corifrance Rating
- Kingsway Notes Record Income for Q2
- Cross Appointed Chief Actuarial Officer for Non-Life Reinsurance at XL Capital
- A.M. Best Affirms FSR for Island Heritage Insurance Co.
- PXRE Group Names Josephson to Board of Directors
- Christiansen Appointed President, CEO of Lindsey Morden and Cunningham Lindsey U.S.
- Endurance Specialty Appoints New Board Member
- PXRE: Q2 Income Rises 51%
- Aspen Insurance Reports Q2 Results
- Navigators: Net Income Rises 47%
- Quanta Announces First Profitable Quarter
- Tower Group: North American Insurers See Growth in Emerging Markets for Asia, Europe and Latin America
- London Club Stresses Value of Cohesive Claims Defense
- Max Re Capital Reports Lower 2Q Net Income
- Max Re Announces Executive Appointments
- Growing U.K. Compensation Culture Poses Major Threat to Profitability, Jobs, Survey Reveals
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