International & Reinsurance News for September 2004
- ri3k Concludes Integration Accord with Aon
- Forterer Resigns from Converium’s Board of Directors
- Best Affirms Converium’s ‘B++’ FSR Rating; Upgrades Debt Rating to ‘bbb+’
- TT Club Boosts Presence in North Europe Markets
- RenRe Comments on Hurricanes’ $425 Million Impact; Fitch Affirms Debt Ratings
- Guy Carpenter Appoints Mueller a Managing Director
- ACE to Disclose “Global Loss Triangles”
- Fairfax, OdysseyRe Estimate Hurricane Losses
- SCOR Estimates Q3 Hurricane Losses at $27.5 Million
- Best Assigns Kenya Re ‘B+’ Financial Strength Rating
- Ivan’s Impact on White Mountains Under $35 Million
- Converium Shareholders Approve Capital Increase
- PXRE Comments on Recent Catastrophes
- S&P Raises If P&C Ratings to ‘A-‘
- No News – or Hurricanes – Is Good News
- S&P Affirms Ratings on AXA Run-off Units; Removed from CreditWatch
- Fitch Assigns ‘A’ Insurance Rating to Imagine Int’l.
- R&M Releases International Reinsurance Review
- S&P Affirms Odyssey Re’s Operating Subs ‘A-‘ Ratings, Stable Outlook
- PartnerRe Estimates Q3 Hurricane Losses
- S&P Ups Outlook on Converium to Positive as Capital Strengthening Appears Likely
- Munich Re Launches Indian Service Company
- Best Downgrades Doctors Benefit to ‘D’
- R&M Report Tracks Global Motor Insurance Industry
- Lloyd’s Continues Push for Business Process Reform
- Swiss Re Estimates Hurricane Ivan, Typhoon Songda Claims Around $300 Million
- ‘Hurricane Watch’ Likely for Florida
- Aviva to Outsource an Additional 950 Jobs
- ACE USA Expands DBA Workers’ Comp Coverage; House Named to Lead DBA Product Initiative
- XL Promotes Corbally to COO of Weather & Energy
- sEnergy Posts $11.9 Million Net Operating Income for FY 2004; Triplette Named Board Chairman
- S&P Affirms QBE Re (Europe) ‘A+’ Ratings
- Wesley to Retire as CEO of OIL Group of Companies
- Best Places Olympus Re Ratings Under Review
- Converium Comments on Capital Increase, Market Strategy and Options
- RMS Unveils Global Terrorism Risk Model
- ACE Overseas General Appoints Robinson to New Post
- Haitian Flood Deaths over 1,000; Bahamas on Alert as Jeanne Nears; Ivan Poses New Threat
- Best Assigns ‘bbb+’ Rating to QBE Notes
- Haiti Death Toll Over 700, More Missing; Jeanne Continues on Erratic Course
- S&P Affirms Co-operators General ‘BBB-‘ Rating; Outlook Raised to Positive
- S&P Assigns ‘A-‘ Rating to QBE Debt Securities
- Endurance Names Patschak New Head of Property Catastrophe Reinsurance Business
- R&M Updates Aviation Market Financing Review
- XL Opens New London Office with Charitable Donation
- Alea Posts $61.4 Million 1st Half Operating Profit
- Fortis CEO Van Rossum Steps Down; Votron Appointed
- Hartford to Host Conference on Japan Operations
- Endurance Estimates Frances’ Losses at $20 Million
- R&M Publishes Journal of Risk Finance
- Best Announces Rating Actions on QBE Group
- CII Says AXA’s De Castries Believes Rough Times Have Strengthened the Industry
- Over 100 Feared Dead in Haiti Floods; Jeanne and Karl Turn North
- S&P Raises R&SA (Hong Kong) Ratings to ‘BBB’
- IBC to Hold 4th Annual Regulatory Affairs Symposium
- Best Affirms ‘B+’ Rating of NZ’s Pioneer Insurance
- Best Affirms Lloyd’s Syndicate 382 ‘A’ Rating
- CII Conference to Focus on FSA Claims Regulations
- Allianz to Disclose Individual Executives’ Salaries
- Jeanne Heads for Bahamas; Karl on the Horizon as South Regroups
- Best Downgrades AXA Re Property/Casualty
- Best Assigns Ratings to Catlin Group
- S&P Upgrades Nisshin Fire to ‘BBB’; Outlook Positive
- Max Re Establishes Property Underwriting Capability
- Best Affirms Evergreen ‘A-‘ Rating; Outlook Positive
- Keefe, Bruyette Increases European Insurance Coverage
- Best Reviewing Cayman Islands Insurers’ Ratings
- Study Finds EU Insurers Believe They Are Well Prepared for Next Market Cycle
- Jeanne Following Familiar Caribbean Path
- White Mountains: Frances’ Net Loss at $40 Million
- Millwater to Succeed Pelly at Willis’ Re Unit
- Best Announces Various Rating Actions on Zurich
- Crawford Forms New Multinational Claims Unit
- S&P Report Notes Emerging Securitizations are ‘Complementary’
- Best Affirms Allianz, Subsidiaries Ratings
- XL Names Klantschnig as Country Manager – Germany
- Best Affirms Sompo Japan ‘A+’ Rating
- ACE Rebrands U.K Operations as ACE European Group
- Survey Finds European Insurers Increasingly Concerned By Growing Tort Claims
- S&P Revises Outlook on Italy’s Generali to Stable; Affirms ‘AA’ Ratings
- Guy Carpenter Releases Study of 2004 World Catastrophe Reinsurance Market
- Ivan Skirts Cuba, Yucatan; Heads for U.S. Gulf Coast
- Best Reports on Bermuda Insurers
- Converium Confirms U.S. Operations Run-off ; Comments on Ratings Downgrades
- S&P Concerned by Hurricane Ivan; “Challenges Insurers’ Predictive Models”
- Fitch Downgrades QBE Group to Long-term ‘A’
- Best Downgrades Erika Insurance Rating to ‘B++’
- Platinum Puts Frances Losses at $25 to $40 Million
- Best Announces Rating Actions on R&SA
- XL Appoints Callahan Chief Actuarial Officer
- SCOR Announces Appointments
- Best Affirms Mutuelle Centrale de Reassurance ‘A-‘ Rating; Upgrades Outlook to “Stable”
- Fitch Affirms Imagine Insurance ‘A’ Ratings: Outlook Raised to Positive
- Ivan Continues Caribbean Rampage: Jamaica, Cayman’s Hit; Cuba and U.S. on Alert
- A.M. Best Says Reinsurer Financial Strength in Balance
- Allied World Formally Opens Dublin Office
- Best Affirms Ecclesiastical Insurance ‘A-‘ Rating
- R&M Releases Climate Risk and the Weather Market Financial Management Package
- Converium Appoints Clarke Managing Director
- Ivan the Terrible Bears Down on Jamaica
- Review Worldwide Reinsurance Awards for RMS, Guy Carpenter, Hannover Re
- S&P Upgrades Thai Re’s Ratings to ‘BBB+’
- Assured Guaranty Names Samson to Head Reinsurance
- Willis Group Increases Stock Buyback Authorization
- Best Affirms Ratings of Markel’s Lloyd’s Syndicate
- S&P Lowers Outlook on Swiss Re; Affirms ‘AA’ Rating
- Ivan Leaves 15 Dead in Lesser Antilles; Category 5 Storm Heads for Jamaica, Cuba, U.S.
- A.M. Best Affirms Rating for Ansvar
- A.M. Best Rating for Dao Heng Affirmed
- Powerful Hurricane Ivan Ravages Caribbean Islands; Could Strike U.S.
- Brit Posts 1st Half Gains; Best Comments
- Golson Joins Aspen as Marine Hull Underwriter
- R&M Issues CD on Repair and Refinish Market
- Swiss Re Estimates Aggregate Claims for Hurricanes Charley and Frances to be Under $300 million
- S&P Affirms AXIS ‘A’, ‘BBB’ Ratings
- Hurricane Ivan Threatens Caribbean Islands
- Aviva to Sell Asian P/C Business to Mitsui Sumitomo
- AEGON UK CEO to Retire; New Head Named
- First EU Healthcare Fraud Conference Set for 18-19 October in London
- Caribbean Islands Brace for Another Hurricane; Ivan Now a Category 4 Storm
- Lyon’s Gate Re Formed in Bermuda
- S&P Raises Outlook, Affirms ratings on Tokio Marine’s Dublin Reinsurer TMGRe
- S&P Affirms Tokio Millennium Re ‘AA-‘ Rating, Upgrades Outlook on Guarantee by Parent
- Aspen To Develop London-Based Aviation Market
- … And Now Online, the Insurance Hall of Fame
- Best Affirms Consumer Ins. Services ‘A-‘ Rating
- Lloyd’s Creates Action Team to Monitor LMP Slips
- Best Affirms Tokio Marine ‘A++’ Rating
- Survey Finds Personal Finance Concerns Outweigh Fears of Terrorism; Mistrust of Insurers
- Best, S&P React to Converium’s Review Plan
- Imagine Completes US$100 Million Share Issue
- ACE Financial Solutions Names Swayne Exec. VP
- Fitch Puts Fairfax on Negative Rating Watch; Company Issues Statement
- Best Affirms ‘A+’ Rating of U.K.’s FM Insurance
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