International & Reinsurance News for December 2004
- Lloyd’s Statement on Asian Tidal Waves
- AEGON Sells Spanish P/C Unit to Reale Mutua
- ACE Issues Statement on Asian Disaster; Will Match Employee Aid Contributions
- World Responds to Asia’s Aid Call
- Worldwide Response to Asia’s Agony; Calls for Donations
- Swiss Re Estimates Tsunami Claims Under $90 Million
- S&P Lowers, Withdraws Best Meridian Ratings
- Best Downgrades Rating for Cayman General Insurance
- S&P Rates Tokio Marine Global (U.K.) ‘AA-‘; Stable
- Swiss Re Continues Investigation of Tidal Wave Disaster’s Insurance Implications
- S&P Sees No Effect on Australian Insurers’ Ratings from Tsunami Losses
- Fitch Sees Tsunami Repercussions Varying Across Insurance Sector
- Munich Re Estimates Tsunami Claims Below $136 Million
- President Bush Tells Asian Leaders U.S. is Committed to Helping in Wake of Devastation
- Best Affirms Swiss Re (Canada) Ratings
- Tidal Wave Update: Death Toll Mounts; Aid Effort Underway; AIG Pledge
- PartnerRe Accelerates 2 Million Share Repurchase
- Zurich Divests Interest in Thai Insurance Sub
- More than 20,000 Feared Dead from Massive Indian Ocean Tidal Waves
- S&P Assigns ‘A’ Rating to Teleco
- QBE Americas Increases Capital by $50 Million
- Best Affirms Members of Quanta Capital Ratings
- S&P Revises Lindsey Morden Outlook to Stable from Negative; Affirms ‘B’ Rating
- A.M. Best Affirms HSB (UK) ‘A+’ Rating
- $43 Million Belfast Bank Heist; No Insurance
- Best Affirms Swiss Re’s Financial Strength and Debt Ratings; Assigns Issuer Credit Rating
- Best Affirms SCOR Canada ‘B++’ Rating
- S&P Raises Eureko Group Core Subsidiaries Outlook to Stable; Affirms Ratings
- Quanta Capital Raises $40 Million; Best Rates Insurer’s EU Sub ‘A-‘
- Willis Completes Opus Holdings (UK) Acquisition
- Best Affirms Hannover Re, Subs Ratings; Revises Outlook to Stable
- Hardie Building Group $1.1 Billion Asbestos Settlement is Largest in Australian History
- Best Withdraws Allied Dunbar Assurance and Eagle Star Life Assurance Ratings
- Assured Guaranty Subs Renew Reinsurance Contracts with Financial Security
- Best Assigns ‘A-‘,’a-‘ Rating to Glacier Re
- Saudi Arabia’s NCCI Launches $383 Million IPO
- S&P Affirms Hiscox ‘A-‘ Ratings; Outlook Stable
- AXA Christmas Shopping Survey Shows Brits Spending More than Yanks
- S&P Reinstates Korea’s LG Insurance Ratings
- Barton Name Changed to HUB International Barton
- Best Affirms Jupiter Insurance Ltd. ‘A+’ Rating
- Willis Acquires Mexican Broker Maisterrena
- Swiss Re sigma 2004 Catastrophe Estimates: 21,000 Dead; $105 Billion Economic Loss; $42 Billion Insured
- Best Affirms HDI ‘A’ Rating; Revises Outlook
- Strategy International, RS Group to Join
- Best Affirms Gerling, U.S. Subs Ratings; Ups Outlook
- A.M. Best Special Report Says Canadian Group Accident and Sickness Writers Get Bigger
- Lloyd’s Announces $26.5 Billion Capacity for 2005
- Fairfax Completes US$300 Million Equity Issue
- Fitch Affirms Everest Re Ratings
- Fitch Affirms XL Subsidiaries IFS Ratings
- PartnerRe to Participate in Remarketing Prf. Shares
- Best Affirms Lloyd’s Syndicate 958 ‘A’ Rating
- Best Affirms Lloyd’s Syndicates 623 and 2623 Ratings; Beazley Group Ratings
- Climate Change Convention Sounds Warnings on Weather and Claims
- Allianz Cornhill Sells Life Unit to Britannic
- Bremkamp to Retire, Greco to Join Allianz Board
- Best Assigns Ratings to United National’s Wind River Companies; Removes from Review Status
- Zurich Board Chairman Van Wachem to Retire; Gentz Chosen as Successor
- Best Downgrades Rating for Groupama S.A.
- Wisdom International Purchases Remaining Shares of International Re from Norwich
- S&P Raises Co-Operators General Ratings
- Brand Joins GE Ins. Solutions London Marine Team
- Swiss Re Conference Sees Continued Industry Growth
- S&P Assigns ‘BBB-‘ Ratings, Stable Outlook to Czech Insurer CSOB Pojistovna a.s.
- New Zealand Acquisition Expands Sirius Presence in Global Broker Market
- PartnerRe Notice on Preferred Shares
- Best Assigns ‘A’ Rating to NGT Insurance Co.
- S&P to Withdraw Swiss Re (Australia) Ratings Jan. 1
- S&P Report Concludes Australian P/C Industry Stable
- Plumeri Lauds FSA CEO Tiner’s Goals for Industry
- S&P Raises Endurance Specialty Outlook to Positive; Affirms Ratings; Company Comments
- U.K.’s Amicus Decries Insurers’ Opposition to Asbestos Claims; “Ambulance Chasers”
- AEGON N.V. Details Changes in Supervisory Board
- AXIS Authorizes $350 Million Share Repurchase Plan
- S&P Assigns AIG Europe N.V. ‘AAA’ Rating
- China Marks 3rd Anniversary of WTO Admission; Drops Locality Limits
- Swiss Re “Risk Perception” Report Finds Accelerating Changes Complicate Risk Management
- ING Canada Closes Allianz P/C Acquisition
- A.M. Best Affirms Rating for Compania Internacional de Seguros S.A.; Outlook is Stable
- ABI Appoints Starling Director of General Insurance
- Zurich Names Fairhead Chief Underwriting Officer
- S&P Withdraws Rating on UMRE on Merger Talks with National Re
- Best Assigns Ratings to Arab Re
- OPIC Approves $250 Million Political Risk Policy for Israeli Pipeline; Credits Aspen Institute
- Allianz Marine & Aviation Confirms Plans to Continue “Specialist Strategy”
- Best Sees No Ratings Changes for 9 World Trade Center Verdict Insurers
- RISC Bermuda Opens New Offices
- AIG Announces $10 Billion in Euro Notes
- S&P Revises Allianz Marine & Aviation Outlook To Positive; Affirms ‘A-‘ Ratings
- AXIS Acknowledges Receipt of Subpoenas
- Levene to Serve 2nd Term as Lloyd’s Chairman
- Swiss Re CEO to Open 2005 LOMA International Underwriting Congress
- Guy Carpenter to Use Criterion Research D&O Model
- XL Reorganizes Global Management Structure
- SCOR Says WTC Jury Verdict “Contrary to Terms of Insurance Coverage”
- CII Introduces Six New Examination Subjects
- Endurance Announces Management Changes
- S&P Withdraws I.O. Re Ratings at Company Request
- S&P Affirms Centre Solutions Ratings; Withdrawn at Company Request
- Aon Liquidates Endurance Investment
- Best Affirms Rating for Tasman Pacific Insurance
- Best Places St. Paul/Travelers Canadian Guarantee Subs Under Review
- Transatlantic Re Elects a Director and New Officers
- S&P Lowers Canada’s Gore Mutual Ratings to ‘BBpi’
- Montpelier Re Chairman Taylor Wins Industry Award
- Aon Sells 9.8 Million Shares in Endurance
- Swiss Re Economists Note Stock Market Risk
- Gallagher Acquires Australian Broker FPE
- Swiss Re Insurance Review Sees Continued Profits; Slower Premium Growth
- Best Affirms SCOR and Subs ‘B++’ Ratings; Changes Outlook to Positive
- Speakers Highlight Problems Faced in 2004; Goals for 2005 at IBC Annual General Meeting
- Best Affirms Bahamas First General ‘A-‘ Rating; Removes from Under Review Status
- Best Affirms IPCRe Group ‘A+’ Ratings
- Best Affirms Lloyd’s Syndicate 570 ‘A’ Ratings
- Best Affirms Lloyd’s Syndicate 609 ‘A’ Ratings
- Aon Completes Sale of Cambridge to Scandent Group
- Best Affirms Heddington ‘A’ Rating
- Best Affirms New Technology ‘A-‘ Rating
- FINEOS Enters Australian Market with CommInsure Sale
- FERMA Survey Finds Risk Managers Question Broker Compensation; More Transparency Needed