International & Reinsurance News for November 2005
- Best Downgrades Ratings on Allianz Marine & Fire (France)
- Zurich Appoints Hongler Swiss CEO
- S&P Revises Outlook on ACE, Australia & NZ to Stable
- Everest Re Estimates Hurricane Wilma Losses at $230 Million
- S&P Revises ACE Ltd. Outlook to Stable from Negative; Affirms Ratings
- Zurich Launches New “International Brand” Campaign
- Lloyd’s Ups Hurricane Losses to $3.27 Billion; Increases 2006 Capacity
- Lord Levene Urges U.K. Reinsurers to Support Changes in U.S. Trust Fund Collateral Requirements
- S&P Downgrades XL’s Ratings to ‘A+’
- Platinum, RenRe to Sell $220 Worth of Common Shares
- CII Offers All U.K. Brokers Guidance on Conflict of Interest Solutions
- Munich Re Issues $128.7 Million Windstorm Cat Bonds
- Wellington Increases Loss Estimates from Fall Hurricanes
- UN Climate Conference Begins; CO² Levels Highest in 650,000 Years
- FSA Warns Brokers to Disclose Conflicts of Interest
- Lloyd’s Offers Poultry Farmers Coverage for Bird Flu
- Independent Actuary Draft Report Favors Winterthur in Dispute with XL
- S&P Affirms Steamship Owners’ P&I (London) ‘A-‘ Ratings
- S&P Affirms Steamship Owners’ P&I (Bermuda) ‘A’ Ratings
- Beazley Signs $258 Million Letter of Credit Facility
- S&P Raises Korean Re, LG Insurance, Hyundai Marine Ratings to ‘BBB+’
- S&P Sees No Effect on Alea’s Ratings Following Sale of Renewal Rights
- Endurance Estimates Hurricane Wilma Net Losses at $115 Million
- Western General in Runoff;Best Downgrades Ratings
- Integro Buys Lloyd’s Broker Humphreys, Haggas, Sutton
- Best Assigns ‘B++’/’bbb’ Ratings to Germany’s WUBA
- PXRE Files $700M Shelf Reg.
- S&P Affirms Aspen’s Ratings; Removes from CreditWatch
- CII to Establish First Office in the Mliddle East
- S&P Lowers Transatlantic Re Ratings to ‘AA-‘; Off CreditWatch
- S&P Puts Allianz Subs on CreditWatch/Positive Following Consolidation Plan
- S&P Raises Ratings on German Insurer VHF to “A”; Off CreditWatch
- Best Affirms New India ‘A’ Rating
- AXIS Completes Share Sale
- Best Study Analyzes Catastrophe Rating Methodology
- U.K. Male Drivers Distracted by Provocative Posters
- Willis Acquires Peru Broker, Brazil Benefits Provider
- Zurich Reports Nine Month Net up 21% to $2.256 Billion
- Tropical Storm Gamma Hits Honduras; No Threat to U.S.
- Rating Agencies React to Swiss Re/GE Deal; On Review Status
- S&P Affirms PXRE ‘A-‘ Ratings; Off CreditWatch
- Amlin Estimates Wilma Losses at $52 Million; Affirms Full Year Forecast
- Whittington to Set up New Singapore Insurer
- Best Affirms Dao Heng ‘A-‘ Rating
- James Discusses Challenges Facing Lloyd’s at Xchanging Conference
- S&P Affirms Gothaer ‘A-‘ Rating
- Best Affirms Pacific Century ‘A-‘ Ratings
- Arch Capital Names Grandisson Chairman, CEO of Arch Worldwide Re
- Best Affirms Toa Re (Japan) Ratings; Downgrades U.S. Sub ICR
- IFSL Report Notes 15% Decline in London Market Premiums in 2004
- Best Affirms Markel International ‘A-‘ Rating, ‘a-‘ ICR
- S&P Raises Ratings on Norway Energy & Marine to ‘BBB’
- CORRECTION: Brit Estimates Wilma Claims at $65 Million; Total Hurricane Losses at $316.5 Million
- AXIS to Raise $400 Million from Common and Preferred Share Sales
- Best Puts Platinum’s Reinsurance Subsidiaries Ratings Under Review/Negative
- Best Affirms Factory Mutual’s U.K. Sub ‘A+’ Rating
- S&P Report Indicates French Insurance Market Remains Stable
- Willis Gets Permission to Increase Stake in Chinese Broker to 51%
- U.K.’s Amlin to Form Bermuda Reinsurer
- S&P Keeps Talanx, Hannover Re on CreditWatch/Negative
- AIG Sees Q3 Net of $1.72 Billion
- S&P Assigns ‘A-‘ Rating to Italy’s Toro, Nuova Tirrena
- Best Affirms ACENZ ‘A’ Rating
- Best Affirms ACE-Australia ‘A’ Rating
- Best Assigns ‘B++’ Rating to New U.K. Property Exchange Insurer
- Integro Appoints Leite as Head of Management Bermuda Risk Practice
- Best Rates London General ‘B++’
- U.K.’s Omega Underwriting to Raise $157 Million; Forming Bermuda Sub
- Allianz Posts $934 Million Q3 Profit Despite Hurricane, Flood Losses
- Hiscox Forming Bermuda Insurer
- Remembering the End of the Great War
- Best Rates U.K.’s Ansvar ‘B++’
- French Insurers Plan Rapid Processing of Riot Related Claims
- Fitch Rates Hannover Re ‘A+’
- S&P Puts Hannover Re, Clarendon on CreditWatch/Negative
- Arch Capital Sees Wilma Losses in the Range of $40-$60 Million
- ACE USA Study Unveils Top Issues Facing Risk Managers
- S&P Assigns Ratings to Platinum’s $750 Million Debt Issue
- QBE (Europe) Ratings “Unaffected” by Branding Change Says S&P
- S&P Raises British Marine Luxembourg Ratings to ‘A’
- U.K. Cameras Spot Uninsured Drivers
- S&P to Assign Rating to AXA’s Auto ART – A “Landmark Transaction”
- PXRE Preliminary Loss Estimates on Wilma $75 to $90 Million
- PXRE Acquires $300 Million Cat Bond Backup Reinsurance
- AXA Posts Strong 9-Month Results
- Lloyd’s Receives Approval for Chinese Reinsurance Operation
- Hannover Re Posts 9 Month Losses over $1 Billion
- RI3K to Expand Service Platform to Commercial Lines
- S&P Rates Munich Re Mauritius ‘BBB’
- RenRe Announces Appointments; O’Donnell to Head Reins. Sub; Branagan to Head Group Risk Modeling
- Best Affirms SCOR’s ‘B++’ Rating
- Willis Publishes Global D&O Liability Guide Covering 51 Countries
- Talanx in Talks to Acquire Gerling’s Primary Operations; S&P, Best Place Ratings Under Review
- AXA Securitizes Auto Insurance
- Best Downgrades Cologne Re (Dublin) Ratings; Under Review/Negative
- Best Affirms National Grid ‘A’ Rating; Assigns ICR
- Best Affirms and Withdraws Ratings of Rosemont Re
- S&P Raises White Mountains Ratings to ‘BBB’; Outlook Stable
- IEA Study Forecasts 50% Growth in Energy Use; 52% Increase in Greenhouse Gas Emissions
- Best Issues Special Report on Rated Non-U.S. Captives
- Diversity, Investment Gains Save Munich Re’s Q3 Profits; $605 Million
- Urban Unrest Unsettles France as Riots Continue to Spread
- Fitch Lowers PXRE’s Debt Ratings; Operating Subs IFS Rating to ‘BBB+’
- New Castle Re Formed; Best Assigns ‘A-‘ Rating, Comments
- S&P Puts Converium on CreditWatch/Negative
- Best Downgrades RenRe Ratings; Keeps Under Review/Negative
- Swiss Re Estimates Rita/Wilma Claims at App. $750 Million
- AWAC Post $203.5 Million Q3 Loss; $67.6 Million for 9 Months
- Best Affirms Munich Re, American Re FSR; Removes from Review; Assigns Negative Outlook
- Fitch Downgrades Montpelier Re’s IFS Rating to ‘BBB’; Remains on Watch/Negative
- Transatlantic Estimates Net Wilma Claims at $65 Million
- S&P Study Finds Latin American Insurers Improve Performance
- Converium to Restate Financial Accounts; Delays Q3 Report
- S&P Assigns ‘A-‘ Rating to Puerto Rico’s Universal Ins. Co.
- AXIS Posts $468.1 Million Q3 Net Loss
- Lloyd’s Kiln to Raise $129 Million
- S&P, Fitch Lower RenRe’s Ratings
- Willis Expands Chairman’s Office; Regan to Become CFO
- BPG: Industry Can Reduce Costs by as Much as 30% in Implementing Business Process Automation Technology
- Best Downgrades FSR for Endurance
- Best Upgrades Public Data Rating for Liberty Mutual Insurance Europe
- Willis Group Unveils Q3 Report
- Willis Names Appointment to Global Employee Benefits Practice
- Montpelier Re: Net Loss in Q3 of $875M
- Max Re Capital Reports Underwriter’s Purchase of Added Common Shares
- White Mountains Notes Book Value Per Share of $345
- Canada Insurers Launch Major Injury Prevention Campaign
- St. Paul Travelers Offering Accidental Death & Dismemberment Coverage for International Biz Travelers
- Best Affirms FSR for Arch Insurance Co. (Europe)
- Arthur J. Gallagher & Co. Purchases InterPacific Underwriting Agencies Pty of Australia
- RenaissanceRe Names New CEO; Stanard Offers Resignation
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