International & Reinsurance News for February 2006
- Converium Releases Earnings Restatement; Q3, 9 Month Results
- RMS Releases Weather Derivative Program Climetrix® Version 5.0
- Swiss Re Shareholders Approve Capital Increase for GE Deal
- Quanta Names Baker, Shapiro to Board
- Flagstone Re Completes Financing
- Platinum Posts Losses – $103.3 Million Q4; $138.2 Million Full Year
- Swiss Re sigma Report Notes $83B Insured 2005 Cat Losses
- Best Lowers PXRE Ratings to ‘B+’
- Xchanging Announces $13 Million Partnership with Microsoft
- Lloyd’s Solidifies Global Commercial Specialist Presence
- Change of Directors at Montpelier Re
- Coface Revenues Top $1.443 Billion
- Platinum Appoints Kurtzman Executive VP/Chief Risk Officer
- Olson Retires from White Mountains Board of Directors
- Paris Hosts Bird Flu Conference
- XN Launches Canada Law Firm Policy
- Aon’s White Rock Launches New Segregated Accounts Company
- Insurers Again Call for U.S. Reinsurance Collateral Changes at World Insurance Forum
- S&P Downgrades PXRE to ‘BBB-‘
- Best Affirms Mitsui’s ‘A+’ Rating
- IAG Reports $340.7 Million 6 Month Profit; To Return $147.8 Million; S&P Sees No Rating Change
- QBE Reports 2005 Profits Up 27% to $806 Million
- At Least 18 Die in Moscow Market Roof Collapse; 24 Injured
- PXRE Posts $446.5 Million Q4 Loss
- Lloyd’s Underwriter Survey; ‘Cycle’ Remains Primary Concern
- S&P Rates Kuwait Projects Co.
- Boeing Named as Defendant in Greek Air Crash Lawsuit
- China Teams with International Expertise to Improve Road Safety
- ING to Combine Canadian Subs
- Espirito Santo, Credit Agricole Strengthen Portuguese Partnership
- Best: Katrina Temporarily Halts Softening Reinsurance Markets
- S&P Keeps Swiss Re on CreditWatch as GE Deal Nears Closing
- Tax Liabilities Present a Growing Threat to U.K. M&A Market, Study Says
- Hundreds Still Missing in Philippine Landslide; Marines Aid Rescue Efforts
- S&P, Fitch Lower PXRE Ratings below ‘A’ Grade
- S&P Raises QIC Ratings to ‘A’
- Avian Flu Found in France and Germany; Marsh Pandemic Survey
- Best Downgrades Rating for PXRE
- Zurich Financial Reports Record Year Despite Hurricanes; Net Profit Up 30%
- AIG Sub Adding Central Insurance
- Aon Outsourcing Non-Retail Claims; Sells Off Large Claim Division to Capita
- ING Group 2005 Net Profits up 25.3% to $8.56 Billion
- R&M Finds European Insurers More Positive on Outsourcing than U.S.
- Transatlantic 2005 Net Income Drops 85% to $37.9 Million; Q4 Off 86.3%
- Best Maintains Negative Outlook on U.S. and Bermuda Re Sectors
- Trident II to Sell 3,150,000 AXIS Capital Shares in Block Trade
- Montpelier Re: Q4 Net Loss of $61M
- Munich Re January Reinsurance Treaty Renewals Show Rate Increases
- Council of Lloyd’s Notes Appointments
- Glancy to Lead XL Insurance Global Professional Operations
- Vietnam’s Golden Dragon Award for Aon
- S&P Affirms Alea Group ‘BBB’ Ratings; Withdrawn at Company Request
- S&P Sees Growth in Spain
- Navigators Group Sees Record Q4
- Litigating Claims Against the London Market Noted by Research and Markets
- Happy Valentine’s Day Survey for U.K.’s Over 50’s
- Swiss Re Upbeat after January Treaty Renewals; $7.1 Billion in Premium
- Thieves Now Target Men for Bag Theft
- Europe Seeks Strategies to Cope with Rising Costs from Aging Population
- Swiss Re Finalizes FPK Sale
- Max Re Posts $11.4 Million Q4 Loss; $6.7 Million 2005 Profit
- S&P Affirms, Withdraws QBE (U.K.) Ratings Following Consolidation
- S&P Comments on ‘Alien Reinsurer’ Collateral Requirements
- Spouses of Deceased Workers to Receive Retroactive Benefits
- Arch Capital Reports Q4 Net Income of Just Over $100M for 2005
- Aon Sees Q4 Net Income of $224M
- Hupp Named President at AIG Aviation
- Fairfax Sees Q4 Loss of $318M
- Montpelier Re Notes Resignation of Hutton as Director
- The World Insurance Forum Set for Feb. 21-23 in Bermuda
- XL Insurance Names New Country Manager, Deputy for UK and Ireland
- U.K.’s Norwich Union’s “Bizarre Motor Claims” Roundup
- Lloyd’s Targets ‘Piracy Hot Spots’
- St. Paul Travelers Sets Sail with Automatic ‘All Risk’ Ocean Cargo Policy
- Kingsway Grows Net Income by 24% for 2005; Dividend Increases 25%
- Aon: Vigilance Recommended by Companies in Cartoon Furor
- Willis Q4 Reported Revenues Down in 2005 Compared to Prior Year
- Research and Markets Offering UK Motorcycle Insurance 2005
- Best Affirms FSR for Lloyd’s Syndicate 958; Outlook Remains Stable
- Correction: Faraday Group
- RenaissanceRe Sees Q4 Operating Loss of $207M
- AXIS Capital Notes Profitable Year; Reports Net Income of $90.1M
- XL Capital Reports Q4 2005 Net Loss of Nearly $822M
- Best Affirms FSR for New Zealand’s Accident Compensation Corp.
- Aon Impact Forecasting Team Releases Report on Atlantic Storms
- PartnerRe Sees Q4 Net Loss of $33.6M
- Hutton Joins White Mountains’ Management Team as President, CEO
- WCB Funds New Prevention Projects, Notes Priorities for 2006
- White Mountains Updates Earnings
- Best Withdraws Bayerische Versicherungsbank Ratings
- AIG Global Real Estate Breaks Ground on Italian Shopping Center
- Lloyd’s Speculates on Famous Groundhog Coverage
- S&P Affirms Navigators ‘A’ ratings; Revises Outlook to Stable
- Lloyd’s to Sue Aon, Benfield Over Central Fund Policy
- Best Affirms FSR for Mexico’s Grupo Nacional Provincial
- Aviva Acquires 51 percent Stake in Sri Lanka’s Eagle
- Brit Forecasts Upbeat Profit Picture
- Lloyd’s Faraday Announces Underwriting Appointments
- U.K.’s Sheila’s Wheels Launches ‘Female-Friendly’ Seatbelt
- Rankin New Integro Canada Chairman; Formerly Worked at Marsh Canada
- Best Affirms Aioi ‘A’ Rating
- Kidd Named to Lead Guy Carpenter’s Accident & Health Specialty Practice
- ACE Posts $237 Million Q4 Net Profit; Over $1 Billion Full Year
- U.K. Court Reverses Asbestos Decision
- Generali in Joint P/C Venture with China National Petroleum
- S&P Notes Rise in Islamic Compliant (Takaful) Insurance
- S&P Affirms Ceska’s ‘BBB’ Rating
- Best Assigns ‘A’ Ratings to SVB’s Lloyd’s Syndicates 2147 & 1007
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