International & Reinsurance News for October 2004
- Odyssey Re Q3 Results: $18 Million Net Income; $3.8 Million Operating Loss
- Zurich Sells Turegum to Harper Holdings
- Montpelier Re Reports Q3 Net Loss of $78.2 Million
- Endurance Posts $26.8 Million Q3 Net; Expects to Meet 2004 Targets
- Fairfax Posts $127.7 Million* Q3 Net Loss
- IPC Holdings Reports $17.8 Million Q3 Net Loss
- Arch Capital Q3 Results: $18 Million Net Income; $9.1 Million Operating
- XL Capital Acknowledges Subpoena from N.Y.
- RMS Expands Underwriting Capabilities, Global Suite for Catastrophe Peril Models
- Jail Time for Consultant Nabbed Selling Policies Under Lloyd’s Name
- ACE Reports $3 Million Q3 Net Loss
- Best Downgrades Transatlantic Companies to ‘A+’; Revises Outlook to Stable
- Willis Q3 Results Show Declines; 9-Month Increase
- London’s Muted Reaction to Spitzer Investigations
- Best Affirms Olympus Re ‘A-‘ Rating; Removes Rating from Under Review
- RenRe Reports Q3 Operating Loss of $372 Million; Increases Hurricane Loss Estimates
- HCC to Acquire 34% Interest in UK’s DeMontfort Group from CNA Surety
- Best Affirms Alliance Re “B++” Rating; Removes from “Under Review”
- Best Assigns Ratings to Polish Re
- Best Affirms Ratings of India’s GIC and New India
- Best Affirms U.K.’s Aspen Re Ratings; Assigns Issuer Credit Rating
- Converium Reports $116.3 Million Q3 Loss
- S&P Affirms Alliance Re ‘BBB’ Ratings
- French Asbestos Verdict Compensates Miners
- 24 Reported Dead in Severe Japan Quake
- Lloyd’s Urges Business Leaders to Treat Risk Management Separately from Compliance
- White Mountains Reports Results of Shareholder Vote
- CII Insurance Certificate Validates Qualifications
- A.M. Best Affirms FSR for New Zealand Local Government Insurance Corp. Ltd. – Civic Assurance
- A.M. Best Reassigns FSR for Kingsway Subs
- S&P Puts Willis on CreditWatch-Negative
- Fortis Creates COO Position
- Cox Acquires J. McWhirter (Insurance Brokers) Ltd.
- Deadly Typhoon Tokage Hits Japan
- S&P Affirms ZFS Operating Units Ratings after Review
- ZFS Names Riddell and Wemmer to Executive Committee
- Alea Group Names Weidman Group Chief Actuary
- Aon Re to Use CATEX “Pivot Point” in Europe
- Endurance Names Fujii to Head U.S.-Based Business
- S&P Affirms PartnerRe and Subs ‘A’, ‘AA-‘ Ratings
- Two Magazines Launched in U.K. for Insurance Sector
- IBC: Subaru Impreza Tops List of Most Stolen Vehicles
- Ascot Underwriting Chooses AIR’s Risk Model Software to Aid Global Catastrophe Risk
- Endurance Receives License to Operate in Canada; Opens Branch Office in Toronto
- U.K. Regulator Monitoring Spitzer Probe
- ZFS Says Net Hurricane Claims Around $400 Million
- Best Places Alliance Re Ratings Under Review
- Scottish Re to Acquire ING Re’s Individual Life Reinsurance Business
- Sovereign Risk Completes $200 Million Capital Markets Transaction in Turkey
- Everest Re Q3 Operating Earnings Down 96.2%
- Lloyd’s Says Slip Quality Continues to Improve
- Best Assigns ‘A+’,’aa-‘ Ratings to Aviva Group
- R&M Issues Study on Strategies, Motives and Methods Practiced Major Reinsurers
- Lloyd’s to Raise $900 Million from International Debt Market; Best Rates Issue
- S&P Affirms Allianz ‘AA-‘ IFS Ratings; ‘A-1+’ Debt
- Converium Closes $420 Million Capital Deal; S&P Raises Rating – Somewhat
- Best Affirms Rating for AMI Insurance Ltd.
- Federal Judge Dismisses Holocaust Insurance Cases
- Everest Re Group Notes Everest Bermuda Changes
- AIG Reports on Hurricane, Typhoon Losses; $500-$515 Million After Tax Net Losses Expected
- XL Capital Unveils Q3 Numbers
- Best Moves Ratings for Allianz Canada Subsidiaries Under Review
- Best Assigns Debt Rating to Society of Lloyd’s Subordinated Notes
- Ontario Auto Insurers Make the Grade in Claim Satisfaction According to FSCO Survey
- Montpelier Re, OPIC Offer Terrorism Cover Abroad
- AXIS Capital Notes Q3 Hurricane Impact
- ACE Limited Comments on Impact of 3Q CAT Losses
- Alea Group Estimates Hurricanes’ Impact at $55 Million
- ING to Acquire Most of Allianz Canada, S&P Puts Insurer on CreditWatch
- WHO Study Finds Auto Accidents in China Kill 600 People Every Day
- Amlin Estimates Net Losses from Hurricanes and Typhoons at $133 Million
- Alea Group Appoints Brown Investor Relations Manager
- Everest Re Holdings Completes Note Sale; Best, Fitch Assign Ratings
- Catlin Group Estimates Combined Hurricane Losses Around $50 Million
- Allianz Increases Croatia Joint Venture Share
- Best Downgrades Tryg-Baltica; Comments on Acquisition by Sirius International
- EU Delays Plan to Ban Sex Discrimination in Insurance
- Platinum Estimates Q3 Net Impact From Recent Hurricanes at Approximately $130 Million
- Quanta Capital Estimates Hurricane Loss Impact at Around $46 Million
- Swiss Re Estimates Hurricane Jeanne Claims at Around $150 Million
- Zurich Names Brunet Branch Manager-Global Energy
- Alea Group Names Anderson Sr. VP – Corporate Marketing and Communications
- Everest Re Holdings Estimates Hurricane, Typhoon Losses at Around $120 Million
- S&P Affirms Everest Reinsurance Holdings Ratings
- Best Downgrades CNA’s Elwood to ‘B++’
- S&P Sees Limited Impact of Typhoons on Japanese P/C Insurers’ Ratings
- Wellington Puts Hurricane Losses at $27 Million
- Auto Data Network to Train AXA Brokers on FSA Regs
- Fitch Affirms Reaseguradora Patria ‘BBB’ Rating
- PXRE Estimates Hurricane Losses at $80-$105 Million
- ACE Appoints Two Senior IT Managers
- S&P Affirms UMS Generali Marine ‘A-‘ Rating
- Arch Estimates Q3 Hurricanes and Typhoon Impact at Around $140 Million
- Willis Acquires Grande Insurance Brokers, Hong Kong
- Australian ‘Sex Toy’ Alert Shuts Airport
- Max Re Estimates Hurricanes’ Impact on Q3 Earnings at $20 to $25 Million
- Hiscox Estimates Hurricanes’ Impact at $45 Million
- Arch Re Appoints Papadopoulo Chief Underwriting Officer; Peckett General Counsel
- AIU Underwrites ScanAlert’s Japan Hacker Coverage
- Willis Completes Acquisition of English Broker
- Endurance Estimates Hurricane Claims at $115 Million
- U.K. Insurance and Financial Services Conference Focused on Industry Image
- Best Places 3 Bahamas’ Insurers Under Review
- Everest Re Estimates Around $190 Million Exposure to Hurricane, Typhoon Losses
- Willis Completes Coyle Hamilton Acquisition
- Converium Estimates Jeanne Losses at $12-$20 Million
- R&SA Completes Sale of U.K., Danish Life Business
- Brit, Beazely and Kiln Estimate Storm Losses
- Munich Re Estimates $616 Million Hurricane Losses
- Insurance and an Unstable World
- Montpelier Re Estimates Hurricane and Typhoon Net Impact at $185 to $235 Million
- Endurance to Acquire XL Re America Surety Business
- Transatlantic Holdings Estimates Net Hurricane Losses at $97.5 Million
- S&P Assigns ‘AA-‘ Ratings to Tokio Marine & Nichido Fire Insurance; Outlook Stable
- XL Estimates Frances and Ivan Claims at $220 Million
- Aspen Announces Plans to Expand and Diversify; Best Comments
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