International & Reinsurance News for September 2005
- Best Affirms Polish Re Ratings
- Endurance Estimates Rita Net Losses at Around $85 Million
- ABI Calls on Government to Delay VAT Enforcement Ruling; Cost Estimated at $352 Million
- S&P Lowers PXRE Ratings
- PXRE Estimates Rita Impact at $30-$40 Million; Sees Q3, Full Year Loss
- Converium Ups Katrina Loss Estimates to $20-$40 Million
- S&P Revises Outlook on Global Reinsurers from Stable to Negative; To Hold Telephone Conference
- Arctic Ice Could Disappear in 55 Years
- Best Places RenRe’s Ratings Under Review with Negative Implications
- Axis Completes $250 Million Preferred Stock Offering
- Converium Renews GAUM Funding
- RenRe Receives SEC Wells Notice; Fitch Comments
- Imagine to Acquire Lloyd’s Abacus
- S&P Affirms AXIS Ratings; Comments on Katrina/Rita Impact
- Brit Estimates Total Katrina/Rita Claims at $256 Million
- Munich Re Analyzes Katrina/Rita Impact; Insured Loss Around $40 Billion
- Best Affirms NZ’s Pioneer ‘B+’ Rating
- Fairfax Receives More Requests for Documents in SEC Investigation
- S&P Affirms Jupiter’s ‘AA+’ Rating; BP Absorbs Hurricane Losses
- QBE Buying British Marine
- IPCC Report Finds CO2 Storage Could Reduce Climate Change Effects
- Best Sees No Effect on Ratings from Allianz’s Proposed Restructuring
- Fitch Takes Fairfax Off Credit Watch; Affirms Ratings
- Best Lowers Alea’s Ratings to ‘B++’
- Typhoon Damrey Ravages Hainan Island; Heading Towards Vietnam
- Reputation, Regulation and Recruitment Focus of CII Conference
- Best Assigns Indicative Debt Ratings to PXRE Group
- Best Affirms Rating for Wawanesa Mutual Insurance Co.
- Best Affirms FSR for Farmers’ Mutual Insurance Association, FMIL
- IPC Holdings Unveils Early Estimate of Katrina Losses
- Best Assigns Debt Rating to ING Canada Inc.
- ACE USA Increases Capabilities for International Advantage Coverage
- AXIS Capital Provides Estimates of Katrina Losses
- Integro (Canada) Appoints Dunn to Manage New Montreal Office
- Fitch Affirms Max Re Ratings
- ABI Sees Growing Consensus for Employers’ Liability Reform
- Grupo Catalana Acquires 7% Stake in Atradius from Swiss Re
- ARIG Launches Takaful Re
- PXRE Estimates Katrina Impact at $235 to $300 Million; Sees 2005 Loss
- Clinton Initiative Pledges Total $1.25 Billion; Gaza Terrorist Cover
- NHC Tracking Tropical Storm Rita, Hurricane Philippe
- Montpelier Re Completes 25.9 Million Share Sale
- Imagine Katrina Losses App. $17 Million
- Arch Capital Estimates Q3 Katrina Impact at $110 to $160M
- S&P Raises Asia Ins. Outlook
- Max Re Puts Katrina Losses Between $60 and $90M
- S&P Affirms HSBC’s HK Insurance Co.’s Ratings; Raises Singapore
- XL Adds 5 Experts to London Fine Art & Specie Team
- Montpelier Re Announces 25 Million Common Stock Offering
- Platinum Underwriters Estimates Katrina Losses; Lowers Profit Forecast
- Zurich Appoints Lopez to Head Spain
- AXA RE Estimates Impact of Hurricane Katrina Losses at $200 Million
- Transatlantic Estimates Katrina Losses at $270 Million
- Lloyd’s Estimates Katrina Impact at $2.54 Billion
- Kinnect’s Leaders Resign; Lloyd’s IT Platform to Undergo “Recoding”
- Best Takes Various Rating Actions in Wake of Katrina
- XL’s Katrina Net Losses 1.75% of Industry Totals (Around $700 Million)
- S&P Sees Continued Profitability for NZ P/C Carriers
- Everest Re Group Puts Katrina Loss Estimates at 1% of Industry Total
- Endurance Estimates Net Katrina Losses Between $375-$450 Million
- RI3K, Xchanging Announce “XPressCheck” Launch for Contract Certainty; Katrina Claims Highlight Need
- ACE Estimates $450-550 Million Katrina Net Losses After-tax
- Montpelier Re Preliminary Assessment of Katrina and New Orleans Floods at $450 to $675 Million
- S&P Puts Pohjola on CreditWatch/Positive Following OKO Bank Tender Offer
- Allianz Offers $7 Billion for Remaining RAS Shares; Plans Restructuring
- Willis CEO Plumeri Calls Response to Katrina ‘Our Defining Moment’
- Best Comments on Katrina’s Impact on the Global Reinsurance Industry
- S&P Puts 10 Insurers on “Katrina” CreditWatch/Negative
- Lethal Typhoon Khanun Hits Northeast China; Nine Deaths Reported
- Koizumi Wins “Japan Post” Privatization Election in a Landslide
- Swiss Re Increases Katrina Claims by $700 Million to $1.2 Billion
- Kingsway Financial Services Notes Purchase of HI Holdings
- Guy Carpenter & Company Releases Study of Property Catastrophe Reinsurance Market
- Alea Loses S&P ‘A’ Rating
- White Mountains Katrina Losses in $150-$300 Million Range – Pretax
- S&P Analyzes Earthquake Threat for Japan’s Property/Casualty Companies
- AXIS Says Hurricane Katrina Losses ‘Within Current Expectations’
- Willis, France’s Gras Savoye Create Willis Gras Savoye Re
- RenRe Comments on Katrina Impact
- Best Puts NZ’s Commercial Ins. Services Rating Under Review
- S&P Assigns NGI ‘BBB’ Rating
- Kingsway Gives Report for Katrina, Ontario Storm
- Best Places Rosemont Under Review
- Kiln plc Offers Possible Katrina Impact
- OdysseyRe Updates Katrina Estimates, Other Q3 Events
- Aspen Estimates Katrina-New Orleans Flood Losses at $150 Million
- PartnerRe Updates Q3 Cat Impact
- Wellington 1st Half Net Up 78% at $105 Million; Katrina Losses $75 Million
- Zurich Estimates $100 Million in European Flood Losses; No Estimate Yet on Katrina
- S&P Raises Moscow Re Rating to ‘B+’
- R&SA Says Katrina Claims $46 Million
- Fairfax, Odyssey Re Receive SEC Subpoenas in “Non-Traditional Insurance” Probe
- S&P Issues Report on European Insurers U.S. Operations
- Best Affirms Mexico’s Reaseguradora Patria’s ‘B++’ Ratings
- Assured Guaranty Appoints Bajer Managing Director for Europe
- Best Affirms NZ’s Credit & General Insurance ‘A-‘ Rating
- Brit Announces Record 1st half Results; Industry Katrina Loss $50 Billion
- R&M Adds Course on Prevention of Money Laundering
- NHC Watching Tropical Storm Ophelia
- AXA 1ST Half Group Net Income Up 31% to $2.8 Billion; No Significant Effect from Katrina
- Amlin 1st Half Profits Up 56% to $247 Million; $110 Million Katrina Loss Estimate
- Ace Europe Expands IT Loss Protection
- UPDATE: Indonesian Plane Crash; 147 Dead; 14 Survive; Cause Unknown
- Typhoon Nabi Hits Kyushu
- Fitch to Hold Reinsurance Teleconference Sept. 7
- CII Launches New “Contract Certainty” Certificate; Education Course
- Australian P/C Insurers Credit Quality Remains Strong Says S&P
- S&P Puts Skandia on CreditWatch/Negative Following Bid from Old Mutual
- Lloyd’s Notice on Katrina Policies
- Best Affirms Tugu “B+” Ratings
- PartnerRe Names Clarke to Head Global P/C Business; Succeeding Nessi
- Best Affirms NIPPONKOA ‘A’ Rating
- Typhoon Talim Hits Mainland China; 72 Dead; Thousands Homeless
- 15 Die in Apt. Fire Near Paris
- 117 Reported Dead in Indonesian Plane Crash
- Zurich Completes Sale of Claims Management Group
- R&M Study on U.K. Identity Fraud
- Converium Issues Statement on Katrina, Central Europe Flooding
- S&P Puts Alea Group on CreditWatch/Negative
- SCOR 1st Half Net Increases by 18% to $90 Million
- Hannover Re Estimates Katrina Losses at $314 Million; Lowers 2005 Forecast
- S&P Assigns ‘BBB+’ Rating to Slovenia’s Sava Re
- Everest Re Extends CEO Taranto’s Employment Agreement
- R&M Issues Climate Change Report
- S&P Puts OIL’s ‘A+’ Ratings on Credit/Watch-Negative
- Alea Group 1st Half Profit Off 47% to $25.9 Million
- Swiss Re Estimates Katrina Claims at Around $500M
International & Reinsurance News Archives
