International & Reinsurance News for June 2005
- FERMA Active in EC Drive to Expand Risk Management Techniques
- ABI Study Finds “Extreme Weather” Could Raise Losses to $27 Billion
- S&P Raises VHV Ratings to ‘A’
- Kruse to Retire from Max Re
- Best Affirms Ratings of Mapfre Mutualidad and Affiliates
- Allianz Sees Impact of Climate Change on Nat Cats
- Best Affirms GCAN ‘A’ Rating
- Best Affirms Ratings of Northbridge Affiliates; Revises Outlook to Positive
- Coface to Cover Export Development Canada Domestic Receivables
- Aspen Forecasts Specialty Lines 2005 Premium Growth
- Best Affirms Ocaso ‘A+’ Rating
- Strategy Retained as Exclusive Insurer by VGV for Affinity Program
- China’s PICC Uses AIR Model for Earthquake Risk Analysis
- Munich Re Discusses Risk Model at London Investors’ Day Conference
- S&P Reports on Increased Cat Loss Potential, Modeling
- Best Downgrades Some AXA Canada P/C Subsidiaries
- Fairfax Subsidiary Receives Subpoena in SEC Probe of GenRe
- S&P Affirms Alliance Re ‘BBB’ Ratings
- GE to Open Business Service and Tech Center in Romania
- Best Affirms Hong Kong’s Sun Hung Kai Properties Insurance ‘A-‘ Rating
- Kingsway Appoints Two New Directors
- Best Affirms Mitsui Sumitomo ‘A+’ Rating
- S&P Reports on European Insurers
- OFT Finds Improvement in U.K. Liability Market; ABI Welcomes Report
- Doors to Vietnam Market Set to Open for AIG
- SCOR to Raise $282 Million to Fund IRP Purchase; Best Sees Ratings as Being Unaffected
- Best Affirms Imagine Ratings; Assigns Negative Outlook
- S&P Affirms Africa Re ‘BBB+’ Rating
- Best Affirms Rating for Fuji Fire & Marine Insurance
- Best Affirms ING Canada Ratings, Including Acquired Allianz Operations
- R&SA to Sell Rothschild Stake to Hong Kong’s Jardine
- S&P Rates Shell Captive ‘AA’
- S&P Assigns Austria’s UNIQA ‘A’ Rating
- Flash Floods Cause Heavy Damage in U.K.’s North Yorkshire Region
- Endurance Specialty Names Angelina as New Chief Actuary
- S&P Raises Gerling IFS Ratings to ‘A-‘ / Debt Ratings to ‘BBB’
- Hiscox Reports a “Good Start” for 2005; Announces Board Changes
- White Mountains Makes Board Changes; Steinberg Out; Restructures Relationship with Prospector
- S&P Revises Outlook on Russian Ingosstrakh to Positive; Affirms Ratings
- Number of CII Graduates on the Rise
- Lloyd’s Hardy Plc Rejects Offer from Omega, But Leaves the Door Open
- FINEOS Launches Rules Manager Product for Banks and Insurers
- Beazley Group Reports Favorable Underwriting Conditions
- ACE Limited Announces Receipt of Finite Reinsurance Subpoena
- EU Leaders Fiddle while Europe Burns
- PartnerRe Receives Subpoena on Finite Reinsurance Investigation
- FERMA Names New Leaders
- Corvus Shelves R&SA Offer
- RenRe Receives Finite Reinsurance Subpoena from SEC
- Zurich Completes Debt Issue
- Best Upgrades Bahrain’s Trust International Ratings; Outlook Stable
- S&P Lowers Channel Re Outlook to Negative; Affirms ‘AAA’ Rating
- ACE Tempest Re Appoints Swayne as Chief Underwriting Officer-International
- R&M Issues New Report on Competition for U.K. SME Business
- ACE Broadens Liability, Litigation Risk Product for U.K. Pension Trustees
- Chippindale to Head Integro’s Toronto Office, Canadian Operations
- Platinum Receives Subpoena Relating to Finite Reinsurance Products
- Fitch Affirms ING, U.S. Subs, Ratings; Removes from Watch Negative
- XL Introduces Updated “LossLink” at AIRMIC Conference
- Swiss Re Hosts Investors Day; Comments on Mid-year Results
- German Financial Leaders Present Integration Proposals to EU MP’s
- Research & Markets Issues Study on U.K. Car Theft Warning Systems
- Corvus Confirms Interest in R&SA; Company Response
- IAG to Buy Stake in R&SA (Thailand)
- Munich Re ‘Welcomes’ Italy’s Unicredit Offer for HVB
- Australian Insurers Back Mandatory Smoke Detectors
- Royal&SunAlliance Shares Rise on Takeover Rumors
- ACE USA Notes New Appointments in ACE International Advantage
- Canadian Supreme Court Ruling Strikes Down Healthcare Restrictions
- Best Upgrades QBE Int’l. Ratings
- S&P Assigns ‘BBB’ Rating to Taiwan’s Taian Insurance
- Best Upgrades QBE (UK) Ratings
- NHC Update on Tropical Storm Arlene
- Best Puts Alea Ratings Under Review; Company Response; SEC Subpoena
- S&P Affirms ‘BBB’ Rating on South China Insurance Co.
- Best Affirms Rembrandt Insurance ‘A’ FSR Rating; Assigns ICR
- Amlin Confirms Interest in Chaucer
- S&P Raises Canada’s Co-Operators General Ratings to ‘BBB+’
- NHC Following 2005 Season’s First Tropical Depression
- S&P Affirms Endurance Ratings
- AIG Europe Licensed in Georgia
- GE Solutions Publishes Study of German Reinsurance Market
- U.S. Reinsurance Stability ‘Dependent on Parental Support,’ Says S&P
- St.Paul/Travelers Signs up for Lloyd’s Kinnect Platform
- Zurich FSG Appoints Farmers Tutoki as Group Chief Claims Officer
- European Parliament Backs Reinsurance Regulation Directive
- Max Re Announces $450 Million Multi-year Credit Facility
- Chadbourne & Parke Expands London Office; 5 Partners Join Firm
- S&P Rates Kingsway Notes ‘BBB-‘
- Euro Turmoil No Bar to Acquisitions; AEGON to Acquire Nationwide Poland
- UNEP Launches Space Atlas for World Environment Day
- Best Affirms All Catlin Ratings; Downgrades Syndicate 2003 ICR
- PMI Australia Names Odland Director
- Alea AGM Report: Strong Underwriting, Normal Claims Development Continue
- Zurich to Issue Subordinated Debt
- AIA Backs U.S. Trade Negotiators for Advancing Export, Trade Initiatives at the WTO
- Web Connectivity Lands 8 Awards at ACORD Conference
- Voters’ Revenge Part II – Dutch Also Reject EU Constitution
- Best Affirms Ratings of New Zealand’s Tower Insurance; Outlook Stable
- S&P Lowers Ratings of Austrian Insurer UV to ‘A-‘; Outlook Stable
- Strategy International to Acquire RS Group of Companies
- EU Trade Commissioner Urges More Action by WTO on Doha Round
- S&P Lowers Aegon’s Hungarian Sub ‘pi’ Ratings to ‘A-‘
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