International & Reinsurance News for October 2005
- Delhi Bomb Blasts Kill Over 60; 113 Die in Train Crash
- Max Re Q3 Loss $41 Million; $18 Million 9 Month Profit
- Beta Batters Nicaragua
- Aspen Posts $362 Million Q3 Net Loss; $208 Million for 9 Months
- TRH Posts $144.2 Million Q3 Loss
- Best Affirms Al Mohandes ‘B++’ Ratings
- Platinum Names Price New President/CEO
- Arch Capital Posts $86.3 Million Q3 Loss from Hurricanes
- Best Affirms GIC’s ‘A’ Ratings
- PXRE Posts $317.3 Million Q3 Net Loss
- Best Affirms PartnerRe S.A. Ratings
- Best Affirms PartnerRe Ratings; Removes From Under Review
- OdysseyRe Posts $96.9 Million Q3 Loss
- TS Beta Threatens Central America
- S&P Affirms PartnerRe ‘A’ Ratings
- ACE Reports $112 Million Q3 Net Loss
- XL Says Q3 Cats Will Cost $1.47 Billion; Fitch Lowers Ratings
- S&P Assigns Russia Reinsurer Ratings
- S&P Issues Upbeat Report on Latin American Insurers
- S&P Keeps IPC on CreditWatch
- Endurance Reports $377 Million Q3 Loss; $170.7 Million for 9-Months
- Chubb to Transfer Reinsurance Business to New Bermuda Company
- Best Affirms Converium’s ‘B++’ Ratings
- PartnerRe Estimates Wilma Claims
- Fitch Affirms PartnerRe’s Ratings
- International Power Group Signs Exclusive Agreement with Marsh USA
- S&P Affirms CIRe ‘A-‘ Ratings
- Best Downgrades Montpelier Re Ratings from ‘A’ to ‘A-‘
- Everest Re Posts $439 Million Q3 Operating Loss
- ABI Urges U.K. Government to Fully Implement Flood Policy Reforms
- Platinum Arranges $200 Million Three-Year Credit Agreement
- OdysseyRe Completes Sale of Preferred Shares
- S&P Evaluates Effect of EU Regulations on Europe’s Insurers
- Wilma Ravages Yucatan for 2 days; Cuba Evacuates Coast
- UPDATE: Wilma Soaks Yucatan, Monday Landfall in Florida Expected; TS Alpha Forms
- S&P Withdraws Ratings of Atradius Subs Following Consolidation
- Goshawk Comments On Best’s Downgrade of Rosemont
- Best Affirms EIO ‘A-‘ Rating
- IBC Reacts to Consumer’s Assn. Charges of Auto Rate Discrepancies
- Prettejohn Stresses Underwriting Discipline, Reforms in Keynote Speech to ACORD Forum
- Wilma Weakens (Slightly); Nears Yucatan; Florida Still Under Threat
- S&P Raises Finland’s Pohjola to ‘A+’
- Catlin Adds $60 Million Net Rita Loss to $125 Million from Katrina
- UPDATE: Wilma “A Catastrophic Category Five Hurricane;” Lowest Pressure Ever Recorded
- Italian Regulator Approves Allianz’ RAS Share Purchase
- Paint an Advertisement on Your Van to Avoid Theft? It May Work
- ACE Names O’Farrell Chief Re Officer
- Best Downgrades Rosemont Re Ratings; Outlook Negative
- UPDATE: Wilma Gains Hurricane Status; U.S. Gulf Keeps Watch
- Endurance Completes Capital Plan; Closes $200 Million in Senior Notes
- S&P Rating Action on Odyssey Re
- BIBA, CII Schedule Business Interruption ‘Masterclass’ Nov. 25
- S&P Affirms AXA Re ‘AA-” Ratings
- Willis Announces Credit Facility
- Lloyd’s Note on Prettejohn
- Wilma Forms into Hurricane, Rotating off Coast of Honduras
- Best Affirms Misr ‘A- Ratings
- Best Removes Odyssey Re From Review; Assigns Stable Outlook
- Europe Faces Increased Fears of Bird Flu Epidemic
- Prettejohn Leaving Lloyd’s to Head Prudential U.K. Domestic Operations
- White Mountains Names Fass President
- Fitch Utilizing AIR Worldwide’s CAT Models for Industry Capital Analysis
- Transatlantic Updates Q3 Losses
- Hurricane Watch Issued for Cayman Islands; Storm May Impact U.S.
- AIA Backs U.S. WTO Trade Negotiation Efforts; Looks for Opening of Markets
- S&P Affirms R&SA ‘A-‘ Ratings
- R&SA Acquires Chile’s Cruz del Sur
- Japan to Privatize Postal System
- Best Affirms Rating for AMI Insurance
- Best Affirms GCAN ‘A’ Rating
- OdysseyRe Completes Stock Sale
- Navigators Group Reports on $108 Million Share Sale
- Aon (U.K.) Launches M&A Warranty Replacement Coverage
- Endurance to Offer $200 Million in Senior Notes
- Heavy Rains Cause U.K. Floods
- AIG Aids South Asia Quake Victims
- Aspen Completes Share Sale
- S&P Assigns IPC Holdings ‘BBB+’ Rating – CreditWatch/Negative
- Allied World Katrina Losses Between $200-$250 Million
- Canadian Insurers Launch Toll-Free Crime Hotline for Consumer Tips
- Fairfax Financial Comments on SEC, U.S. Attorney’s Investigation
- S&P Raises If P&C Ratings to ‘A’
- Max Re Share Offer Price $23.50
- Best Sees No Change in Munich Re Ratings from Karlsruher Sale
- Austrian Insurers Need Better Risk Assessment Says S&P
- Best Affirms Panama’s Aseguradora Mundial Financial Rating
- Max Re Plans 11 Million Share Offer; To Raise $265 Million in Capital
- Best Affirms Seguros Inbursa Rating
- Arch Gives Q3 Loss Estimates
- Best Affirms SGI Canada, Subs Ratings
- Fitch Maintains PXRE’s Watch Negative After Capital Raising
- ACE Appoints Rebellato Sr. VP
- S&P Finds ‘Positive Trends’ in European Insurance Market
- Quake Death Toll Over 33,000; Rains Hamper Rescue Efforts
- Goshawk Ups Hurricane Loss Estimates; Plans to Raise Capital
- Hiscox: Rita Losses $70 Million; Ups Katrina Estimates, 2006 Premium Limit
- European Organization Tackles Health Care Fraud; Gee to Head EHFCN
- Swiss Re is Founding Partner in Red Cross Support Group
- Max Re Sees 9-Month Profit
- European Polar Satellite Lost
- UPDATE: Death Toll from Asia Quake Rises; More than 20,000 Killed, Many People Missing
- Major Quake Rocks Pakistan-India Border; More than 3,000 Killed
- TS Stan Ravages Central America; 230 Reported Dead
- OdysseyRe Updates Katrina Losses to $225 Million; Rita Loss $50 Million; Announces $102 Million Share Sale
- Platinum: Rita Loss at $45 Million Net
- Best Affirms Financial Rating for ASSA Compania de Seguros, S.A.
- Canadian Insurers Launch Toll-Free National Insurance Crime TIPS Line
- Lloyd’s Reports First Half Profit
- Everest Re Group Updates Q3 Events
- Quanta Reacts to Best Rating Action; Reports on Strategic Steps Taken
- Willis Group to Add S. African Broker
- Aon Cutting British Jobs
- More than 70 Dead as Hurricane Stan Bashes Mexico, Surrounding Areas
- Lloyd’s Report Says Global Businesses Fail to Identify, Manage Emerging Risks
- Wawanesa Insurance Garners Top Ranking in Financial Stability
- PartnerRe Updates Impact of Q3 Catastrophic Events
- Zurich Estimates Hurricane Katrina Losses at $600 Million, After Tax
- ACE Ltd. Reports Underwriters’ Purchase of Added Ordinary Shares
- Best Assigns FSR to East Africa Reinsurance Co.
- Ontario Teachers’ Agrees on Purchasing GCAN Insurance Co.
- ACE Offering Environmental Risk Expertise for Europe
- Aspen Reports Change in Losses from Hurricane Katrina, Flood
- Endurance Raises $200M in Common Equity, Adds Initiatives
- Best Places Ratings of Allied World Assurance, Subs Under Review
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