International & Reinsurance News for March 2005
- Earth’s Ecosystems ‘Crucial for Economic, Social, & Spiritual Stability’ UNEP Report Concludes
- Report Berkshire Returns HIH Premium Payment
- Q4 Rescues Hannover Re 2004 Profits from Hurricanes
- S&P, Best See No Effect on Hannover Re Ratings
- Quanta Establishes Office of Strategic Innovation
- Report Equitas Reaches $415 Million Asbestos Settlement w/ McDermott Intl.
- 8.7 Quake Strikes Indonesian Islands; 2000 Feared Dead; Tsunami Alerts Given, Cancelled
- ACE Europe Appoints Gouveia-Lima Operations Director
- Carvill Report Indicates “Bermuda High” is Crucial Hurricane Factor
- Transatlantic Re Elects New Officers
- ABI Says U.K. Govt.’s. Flood Management Strategy “Flowing in the Right Direction”
- Highway PLC Acquisition Unlikely to Affect Chaucer Ratings Says S&P
- Brining to Retire as Max Re Exec. VP
- Best Upgrades Groupama Units
- Best Sees “No Change” in SCOR Ratings
- Linsure Establishes Foothold in Spain
- Prudential (U.K.) Ousts Bloomer; Tucker Named New Group CEO
- ACE P/C Operations Approved for Russia, Poland
- S&P Raises Hannover Re (Africa) Rating to ‘BBB’
- German Cartel Office Levies Fines on 10 Insurers for Price Fixing
- ABI Says Authorities Expose $6.55 Million a Week in U.K. Insurance Fraud
- S&P Comments on SCOR’s Earnings Announcement
- SCOR Posts $89.4 Million 2004 Net Profit
- Best Affirms Bank of Montreal Insurance (Barbados) ‘A’ Ratings
- Aspen Shareholders Set Secondary Offer Price
- Best Assigns ‘A’ Ratings to Catlin Insurance (U.K.)
- Research and Markets Offers Catastrophe Risk and Reinsurance Analysis
- ABI Study Finds European Corporations Lack Shareholder Democracy
- Two Swiss Execs Nominated to Converium’s Board
- Best Affirms West of England ‘A’ Rating
- IBM Computers Weathered Ivan’s Onslaught
- ING To Sell Chile P/C Operations to Liberty Mutual
- CII Announces New Managerial Appointments
- Arch Capital Implements Succession Plan; Ingrey Succeeds Clements as Chairman
- S&P Revises AXA U.K. P/C Units Outlook to Stable; Affirms ‘A+’ Ratings
- ACE Europe Announces 3 New P/C Business Units for U.K., Ireland
- OIL Hit by Ivan Posts $548 Million Net Loss in 2004
- BBC Profiles Willis’ CEO Plumeri
- Best Affirms AIG’s Lloyd’s Syndicate ‘A+’ Ratings
- S&P, Best Comment on Allianz 2004 Earnings
- Allianz 2004 Profits up 16.4% to $2.93 Billion
- S&P Comments on Munich Re 2004 Results
- Best, S&P Comment on Swiss Re Group’s Results
- Paris Airport Roof Structure to be Replaced
- Best Affirms Caisse Centrale Re ‘A+’ Ratings
- Zurich Appoints New Group Heads for Human Resources, Marketing and Communications
- S&P Comments on XL, Winterthur Reserve Negotiations
- Former CEO to Takeover U.K’s Cox Insurance
- S&P Lowers Outlook on Alea to Negative
- Alea Group Posts $10.9 Million Profit; Completes Reserve Review; CFO Resigns
- Swiss Re Profits up 45% to $2.167 Billion
- Best Affirms TD Re ‘A’ Ratings
- Munich Re Posts $2.44 Billion 2004 Group Net Profit
- Best Comments on Munich Re 2004 Results
- S&P Assigns PartnerRe (Ireland) ‘AA-‘ Rating; Affirms Partner Re Ratings
- AXIS Ups Dividend; Increases Share Repurchase Plan
- Certain Aspen Founders to Sell Shares
- Quanta Posts $14.4 Million Q4 Loss; $54.6 Million Full Year Net Loss
- S&P Issues Statement on Lloyd’s Market Ratings
- Eureko Posts Record 2004 Profits; CEO to Step Down
- S&P Publishes Criteria for Finite Reinsurance
- Lloyd’s Settles with Central Fund Insurers for $ 292 Million; Best Comments
- Lippincott to Join Quanta’s Board of Directors
- R&SA Confirms Plan to Sell U.S. Non-Standard Auto Unit
- Allianz Investigates Consequences of Climate Change
- Hurricanes Lower Hiscox 2004 Profits to $148 Million
- Benfield Reports 2004 Preliminary Results; Profits Hit by Falling Dollar
- Axis Confirms Marsh to Sell 3.7 Million Shares
- “Supervolcanoes:” A Potential Global Catastrophe
- Aon Units Release Global Climate/Catastrophe Report
- Singapore Workplace Safety Lags
- Montpelier Re Completes Secondary Offering
- Best Comments on R&SA 2004 Results
- R&SA Posts $1.92 Million 2004 Profit; Names Two New U.S. Board Members
- Lloyd’s Chairman Addresses Norway’s Insurers
- Aviva Operating Profits up 25% to $4.5 Billion; Offers $2.11 Billion for RAC; Best, S&P Comment
- Odyssey Re Holdings Corp. Names New CFO
- Research and Markets Adds Global Insurance Handbook to 2005 Offering
- Jardine Lloyd Thompson Secures Lloyd’s of London Protection for Financial, Healthcare Sectors
- Montpelier Re Holdings Notes Sale of Shares
- Task Force to Address Availability, Affordability Issues for Atlantic Canada Sectors
- Max Re Announces Executive Appointments
- Aspen Insurance Holdings Ltd. Unveils Q4, 2004 Report
- Endurance Specialty Notes Share Repurchasing from Founding Shareholder
- Best Assigns Rating for Century Insurance
- Fairfax Unveils Clean Internal Control Report
- Lusk Appointed Alea’s Chief Administrative Officer
- Japan Using New Marine Insurance Law to Apply Pressure on North Korea
- Allied World Assurance Unveils Q4 Report
- FM Global Sees Strong Numbers for 3rd Straight Year
- World’s Catastrophes in 2004 Took 300,000 Lives, Cost $49 Billion in Insured Losses, Finds Swiss Re Study
- Swiss Re Names Lu as Manager in Malaysia
- Study: About 11,000 Would Die in Tokyo Quake
- QBE Adds Greenhill Underwriting Group
- IBC Reports 2004 Financials for Auto, Home and Business Insurance Companies
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