International & Reinsurance News for November 2004
- S&P Assigns Taiwan’s First Insurance ‘BBB’ Rating
 - Best Affirms Qatar General ‘B++’ Rating
 - CII’s Qualification Coursebook Aimed at Easing FSA Compliance Efforts
 - S&P Affirms Taiwan Fire & Marine ‘BBB’ Ratings
 - S&P Reports First Half Results in Japan’s P/C Sector Show Companies Still Under Pressure
 - EnPro Industries, Insurers Settle Asbestos Dispute
 - JLT Warns on Profits; CEO McGill Resigns
 - S&P Affirms Steamship P&I Bermuda & Subs ‘A’ Ratings
 - S&P Affirms Steamship P&I London ‘A-‘ Ratings
 - Zurich Appoints Grünbichler Head of Group Risk Management Policy and Research
 - Fortis Posts 79% Increase in Nine Month Net Op. Profits; Raises Full-Year Forecast
 - Axa Reported in Serious Talks with Credit Suisse to Acquire Winterthur
 - Best Assigns ‘bbb’ Rating to Amlin Bonds
 - R&M Releases 2004 Guide to U.K. Distribution of Commercial General Insurance
 - Wellington Completes Acquisition of AXA’s U.S. Surplus and Excess Units; Best Assigns ‘A-‘ Rating
 - S&P Reports European Insurers’ Ratings Stabilizing
 - S&P Assigns ‘A-‘ Rating to Aviabel Cie.
 - FINEOS Named Irish Exporter of the Year
 - Best Affirms Lloyd’s Syndicate 2001 ‘A’ Ratings
 - Swiss Re Hosts Investors’ Day Conference
 - Best Affirms Berkley-Europe’s ‘A’ Rating
 - Willis Moving to Lime Street; Signs New London Headquarters Building Lease
 - Best Assigns FSR to Wellington Specialty
 - Aon Re Services Appoints Jean-Mairet as Director – Structured and Traditional Life Reinsurance – Europe
 - Best Affirms Tunisia’s B.E.S.T Re ‘B++’ Ratings
 - Montpelier Re Completes Secondary Share Offering
 - Best Lowers Toa Re (America) to “A”
 - S&P Assigns ‘BBB’ Rating to AXIS Notes; Affirms Company Ratings
 - Insurance Systems Names Mighton VP-Sales
 - Best Affirms Imagine’s ‘A-‘ Rating
 - Best Assigns ‘B++’ Rating to Primary Insurance Co.
 - Best Affirms Korean Re ‘A-‘ Rating
 - Swiss Re Hurricane Report Stresses Risk Analysis
 - S&P Rates IAG Notes ‘A-‘
 - S&P Raises White Mountains Group Outlook to Positive
 - Swiss Re Receives SEC, Spitzer Subpoena Requests
 - PXRE Group Prices $125 Million Equity Offering
 - Best Affirms Ratings of Lloyd’s Syndicate 510
 - ACE USA Enhances Defense Base Act Coverage
 - Fairfax Announces Tender Offer For Debt Securities
 - Best Withdraws Ratings on Tryg-Baltica, Lloyd’s Syndicate 1243
 - Montpelier Re Announces Shareholder Sale
 - Best Affirms Hyundai Marine ‘A-‘ Rating
 - GE Insurance Solutions Details Additions to Global Management Staff
 - Best Affirms ACE Australia ‘A’ Rating
 - Best Affirms ACE New Zealand ‘A’ Rating
 - PartnerRe Announces 2005 Financial Plan
 - Platinum Acknowledges Receipt of Subpoena in Finite Reinsurance Probe
 - Fadden Joins Allianz Marine & Aviation
 - Best Assigns AXIS Capital Debt Ratings
 - ACE Europe Restructures UK & Ireland P/C Operations
 - Zurich Posts 35% Increase in Nine Month Net Income
 - AXIS Closes $500 Million Senior Notes Offering
 - Best Affirms Oriental Fire & Marine ‘B++’ Rating
 - ACE Announces Executive Changes in Europe, Bermuda
 - Best Affirms Dongbu Insurance ‘A-‘ Rating
 - XL to Redeem All Outstanding Zero-Coupon Convertible Debentures Due 2021
 - Best Lowers Legal & General Rating; Outlook Stable
 - AEGON 9-Month Net Income up 62% to $1.6 Billion
 - Allianz Posts $2.33 Billion Net for 9-Months
 - S&P Assigns Ratings to GuaranteedWeather Re
 - ACE Ltd. Receives Subpoenas in Connection with Investigations for Loss Mitigation Products
 - Best Assigns Debt and IC Ratings to XL Capital Notes
 - Everest Re Appoints Jackson as U.K. General Manager
 - Best Assigns Debt and IC Ratings to PartnerRe
 - Converium Appoints Run-off Specialist Dassenko as North American CEO
 - Hannover Re Hit by Q3 Cat Losses; 9-month Operating Profit Down 18.1 % to $527 Million
 - AIG Subs to Purchase R&SA’s Japanese Business
 - Canadian P&C Insurance Industry Promises to Unveil Disclosure Plan Today
 - R&SA Posts $835 Million 9-Month Operating Result; U.S. Liabilities Still a Problem
 - Canadian Insurance Industry Announces Disclosure Plan
 - In Memoriam: 86 Years Ago the Guns Fell Silent, But the Legacy Lives On
 - S&P Affirms Fondiaria-SAI ‘BBB-‘ Ratings
 - S&P Raises Norwegian P&I Club Ratings to ‘BBB’
 - Carvill Launches London Reinsurance Operation
 - Best Places Zurich’s London Unit Under Review
 - Fitch Comments on Fairfax’s Rating Watch
 - S&P Affirms Tokio Marine Europe ‘AA-‘ Rating
 - Lord Hunt to Head CII Professional Standards Board
 - S&P Rates PartnerRe Preferred Stock Issue ‘BBB+’; Affirms Rating, Stable Outlook
 - Lloyd’s Sets Terms for $943 Million Debt Issue
 - AXA Posts $70 Billion Consolidated Revenues for 1st Nine Months of 2004
 - AXIS Capital Prices $500 Million Senior Notes Offering
 - PartnerRe Prices Series D Preferred Share Offering
 - A.M. Best Places Rating of L’Unique Under Review
 - S&P Raises SCOR Outlook; Affirms ‘BBB+’ Rating
 - Benfield Report Looks at 2004 Hurricane/Typhoon Season and Destruction Left Behind
 - U.K.’s Cox Insurance Subject of Takeover Rumors
 - Willis to Acquire U.K. Broker Opus Holdings
 - Best Affirms “A+” Rating on Munich Re and Core Subsidiaries; Assigns Issuer Credit Rating
 - CII Appoints First Group Public Affairs Director
 - Best Assigns Debt and ICR Ratings to U.K.’s Beazley
 - AXIS Announces Organizational Strategic Realignment; Opening of Singapore Branch
 - XL to Offer $650 Million in Senior Notes; Rating Agencies Assign ‘A’ to Issue
 - Munich Re Posts $472 Million Q3 Profit, $1.94 Billion for Nine Months; Affirms Full Year Estimate (Almost)
 - ACE European Group Set to Become Third Largest U.K.-Based P/C Insurer
 - Platinum Posts $69.8 Million Q3 Loss
 - ING Nine Month Profits Up 33.1% to $ 5.2 Billion
 - S&P Study Finds French Insurance Market Stable
 - R&M Adds Marine, Aviation and Transport 2003 Study
 - London Market Faculty Opens for Membership
 - PXRE Q3 Net Loss $73.2 Million; Will Hold $100 Million Public Offering
 - Hub Quebec Sub to Sell Personal Lines Book; Will Concentrate on Commercial, Private Clients
 - SCOR Reports $70 Million Nine-Month Earnings
 - S&P Assigns ‘A-‘ IFS Rating to U.K.-Based MMA Insurance; Outlook Negative
 - Ingrey to Chair Arch Oversight Committee
 - S&P Raises Czech Insurer Ratings To ‘BBB’
 - Kauer to Step Down as Converium CFO, Exec.VP
 - AXIS Posts $6.3 Million Q3 Net Income; Comments on Spitzer Investigation
 - XL Insurance Unit Announces Expanded D&O Policy
 - ACE Ltd. Notes Business Changes; Removes Pair of Employees
 - U.K.’s Highway Insurance Acquires Direct Motorline
 - Insurer Reports $1,800 Loss from Enraged Sheep Attack
 - ACE European Group Appoints Levin Executive VP – Accident and Health
 - Hub Acquires Canadian Broker TILCO
 - Best Affirms Hiscox ‘A-‘ Rating
 - Guy Carpenter Names Carrington to Lead U.K. Casualty Specialty Practice
 - Allied World Posts $64.7 Million Q3 Loss
 - Aspen Reports $43 Million Q3 Loss; $122.9 Million Net Income for Nine Months
 - Willis Launches “Client-Focused” Webcast Series
 - ACE Overseas Appoints Miller Executive VP, International Accident & Health
 - U.K.’s Beazley to Raise $190 Million to Fund Omaha Insurance Acquisition
 - XL Hit By Hurricanes; Posts $22.5 Million Q3 Net
 - U.K. Asbestos Claims Could Top $36 Billion
 - Willis Comments on Energy Sector Insurance
 - S&P Affirms ACE Ratings; Revises Outlook to Negative
 - Max Re Reports $ 9 Million Q3 Loss
 - Best Comments on Zurich Sale of Turegum Insurance
 - ACE Europe Unveils Dataguard Product in UK to Assist Businesses Recover Info from Damages
 
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