International & Reinsurance News for January 2005
- Tsunami Losses Less Than $4B Reports RMS
- Trade Ministers to Seek Doha Accord; Agreement Could Bolster International Insurance Market
- Best Affirms Egypt’s Misr Insurance ‘A-‘ Rating
- Best Affirms Egypt’s Al Chark Insurance ‘A-‘ Rating
- AXA Notes 1% Gain in Full Year Revenues
- S&P Assigns ‘BBB’ Rating to Korea’s Hyundai
- Fitch Lowers Exporters’ IFS to ‘A-‘; Outlook Stable
- Best Assigns Rating for Lloyd’s Syndicate 1225
- Aon Captive Services Team Makes Appointments
- Allianz to Raise $5.24 Billion with New Debt Offerings; Best Rates Issues ‘aa-‘
- ACE Names Cusumano General Counsel; Mear to Retire
- NMDA, Zurich Enter Deal on Motorcycle Rental Program
- Best Comments on Munich Re’s Revised Earnings
- Best Affirms Rating for Al Mohandes Insurance Co.
- Arbitration on Central Fund Goes Against Lloyd’s; S&P, Best Comment
- PartnerRe Believes Claims from European Windstorm Erwin to be Between $50-$60 Million
- Best Affirms NIPPONKOA ‘A’ Rating
- Everest Re Lowers Q4 Earnings Estimate
- Best Affirms Winterthur ‘A-‘ Rating; Assigns ICR
- 280,000 Latest Tsunami Death Toll
- Guy Carpenter Publishes Marine & Energy Report on Reinsurance Marketplace
- R&M Report on Financial Services Regulators
- Swiss Re Securitization of U.S. Life Policies
- Zurich Appoints Chen to Head Greater China Group
- Munich Re 2004 Profit Forecast $2.22- $2.48 Billion Despite HVB Writedowns
- Aon Expert: Aviators Should Take Second Look at Introduction of the 747
- S&P Assigns ‘B’ Rating to Moscow Re
- Alea Group Rating Unaffected by Reserving Says Best
- SIAAC Welcomes New Member Condotta, Merrett
- Best Affirms Generali Ratings; Outlook Now Stable
- New U.K. Database Tackles Auto Insurance Fraud
- SE Asia Death Toll Tops 220,000
- R&M Study on Basel II, Patriot Act, Sarbox Sees Growth in Technology
- OPIC to Provide $300 Million for Apache’s Natural Gas Development in Egypt
- S&P Sees No Rating Change for Alea after Lower Earnings Forecast
- EU Approves Fortis’ Portuguese Bancassurance Deal
- XL Capital Notes Estimate of Revised Losses from Tsunami, 2004 Hurricanes
- R&M Issues Report on Financial Services Regulators in the Middle East and Africa
- China’s Guangdong Province Posts $1.2 Billion in 2004 Property Premium
- Watson Wyatt U.K., U.S. to Combine
- Aon Launches Latin American Affinity Program
- Willis Report: International Liability Market Softening; Some Sectors Will Not Follow the General Cycle Pattern
- Best Affirms Cayman’s Island Heritage ‘A-‘ Rating
- Quanta Capital Appoints Byrne European Chief Underwriting Officer
- S&P Affirms Jupiter’s ‘AA+’ Ratings
- Best Comments on Radian Sale of Exporters Stake
- S&P Affirms Norway’s Gard P&I ‘A-‘ Rating
- Swiss Re Publishes “Understanding Reinsurance”
- Best Affirms Italy’s Società Cattolica ‘A’ Rating
- ACE European Group Completes Transfer of Belgian Sub; Best, S&P Comment
- Kobe Conference to Focus on Disaster Preparation
- XL Board Announces Dividend Payments
- Everest Re Posts $133 Million Q4 Cat Losses
- Crawford & Co., GAB Robins Adjusters See Tsunami Destruction Up Close
- U.K., France to Amend Death Declaration Laws
- ABI Says FSA Regulation “Will Build on Existing Consumer Protection”
- Navigators Debuts Belgium Office
- SCOR to Help Tsunami Victims
- D-Day for U.K. Insurance Industry as FSA Assumes Regulatory Control; AXA Fined $940,000
- AIR White Paper Analyzes Multiple Catastrophes
- Munich Re Analyzes “Megacities” Vulnerability
- Europe Counts Storm’s Costs, as Clean-up Begins
- RGA to Open Representative Office in China
- S&P Report: Reinsurers’ “True Test Still to Come”
- Southeast Asia Tsunami Caused Havoc on Marine Fisheries, Aquaculture Infrastructure
- Canada’s Echelon General Amalgamtion with CIMI
- Fairfax Completes Corifrance Purchase
- Allianz Hungary Expands Third Party Auto Coverage
- Norwich Union to Offer Young Drivers ‘Pay As You Drive'(TM) Insurance
- S&P: OIL’s $1.2 Billion Loss Will Not Affect Ratings
- Platinum Amends St.Paul/Travelers Share Options
- UN Needs Aid Pledges Fulfilled ASAP; Warns on Neglecting Other Crises
- PartnerRe: Tsunami Claims Likely $25M-$35M
- CII Introduces On-Line Insurance Exams
- 14 Dead as Storms, Floods Hit Northern Europe
- Swiss Re Announces Aid Measures for SE Asia
- Equitas Settles $200 Million in Asbestos Claims
- Spitzer Subpoenas Endurance on Contingent Commission Payments
- Best Affirms, Withdraws Cayman General Rating
- Best Affirms St. Paul Guarantee (Canada) Rating; Withdraws Travelers Canada Rating
- Allianz Global Canada Receives Provincial Approvals
- Best, S&P Announce Rating Actions on ACE Ltd. and Subs after Reserve Increase
- Willis Issues Annual Reinsurance Marketplace Review
- Guy Carpenter Introduces Solvency II Capital Benchmarking Tool
- Best Affirms Sovereign Assurance (NZ) ‘A’ Rating
- Best Affirms Toa Re ‘A+’, ‘aa’ Ratings
- Best Revises Infrassure Rating Outlook to Positive; Affirms ‘B++’ Rating
- Tsunami Death Toll Rises as Indonesian Casualties Increase
- ACE to Take $298 Million Reserve Charge; Selling 3 Reinsurance Units
- Best Affirms Rating for The Steamship Mutual Underwriting Association; Outlook Stable
- Best Affirms Singapore Re Ratings
- U.K. Broker Folgate to Integrate Sirius’ System
- Allianz Providing ‘On the Ground’ Help for Tsunami Victims in Phuket
- Best Withdraws Corifrance Ratings
- AXA Announces SE Asia Relief Effort; Will Match Employee Donations to $1.35 Million
- Zurich to Provide Up to $2 Million in SE Asia Aid
- S&P Issues Report on Latin American Reinsurance
- IUA Offers Condolences to Tsunami Victims; Estimates Insured Losses to Members at $5 to $10 Billion
- U.S. Death Toll in Tsunami Disaster Rises to 36; Aid Continues to Arrive in Stricken Areas
- Fortis to Sell Part of Assurant Stake
- Runway Accident, Rains Hamper Relief Efforts
- Chubb Unveils $1 Million Fund for Tsunami Relief
- EU Nixes Plan on Gender Discrimination
- Allianz Announces Asia Relief Efforts
- Starr Foundation to Donate $2.5 Million for Asian Disaster Recovery Efforts
- Tsunami Death Toll Rises; Indonesia Hardest Hit with Nearly 100,000 Dead
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