International & Reinsurance News for January 2003
- Moody’s Revises AXA Group’s Debt Rating Outlook from Stable to Negative
- Trenwick to Increase Reserves by $107 Million in Q4
- Endurance Specialty Posts $102 Million Net Income for 2002
- AXIS to Acquire Renewal Rights to Kemper’s D&O Business
- RMS Reconstructs Losses from U.K.’s 1953 Floods
- Best Affirms ‘A-‘ (Excellent) Rating of Gulf Insurance Limited
- Lord Levene Stresses Lloyd’s Certainty to Risk Managers; Appointments Announced
- Best Affirms Lawyers’ Professional Indemnity ‘A’ (Excellent) Rating
- AXIS to Purchase Renewal Rights to Kemper’s D&O Business
- Benfield Report Notes “Capital Shortage” May Mean a Difficult Year for Reinsurers
- Max Re Launches Excess General Liability Insurance Unit
- Assurex Global Adds Four New Broker Partners
- Moody’s Puts Fortis Finance Ratings Under Review
- RenRe Confirms $100 Million Note Offering
- RenRe Already Looking to 2003 – Sees CWP Up 15%
- A.M. Best Withdraws the Financial Strength Ratings of Gerling Global Reinsurance Corp. of America
- Allianz Reconfirms New Capacity for Inherent Defects Insurance Coverage
- A.M. Best Raises Rating of Brit Insurance to ‘A’ (Excellent)
- Converium Sets Out Terms for Cash Settlement with Minority Shareholders
- R&SA May Restructure Australia, New Zealand Operations
- ACE Increases Asbestos Reserves; $354 Million Net After-tax Charge to Q4 Earnings
- S&P Expects Australian Insurers to Handle Bushfires’ Effects
- S&P Continues AMP Group CreditWatch
- Lloyd’s Accredits, Canadian, Italian Brokers
- A.M. Best Affirms A+ (Superior) Rating of PartnerRe Group
- SCOR Sets Agenda for “Back on Track” Plan; May Sell Bermuda Operation
- S&P Continues Gerling “CreditWatch;” May Change Ratings
- ICA Ups Fire Loss Estimates
- S&P Revises Austrian Insurance Market Outlook to “Stable”
- Fredrik Murer Named as Zurich’s Senior Political Risk Underwriter in London
- CSFB Estimates 2002 Losses Could Reach $2.5 Billion
- Best Lowers Ratings on Two Allianz Swiss Subsidiaries
- ING Names Jacques Kemp to Replace Phil Shirriff as Asia-Pacific CEO
- Bushfires Ring Australian Capital: 4 Dead, 400 Homes Lost
- EC to Decide Whether to Charge U.K. on Lloyd’s Regulation
- ING Reforms Corporate Governance Structure
- Best Affirms A- (Excellent) Rating of World-Wide Reassurance Company
- A.M. Best Affirms ‘A’ (Excellent) Rating of Societa Cattolica di Assicurazione
- AXA Reappoints Management Board; deCastries Confirmed as Chairman
- Montpelier Re’s Chief Reinsurance Officer Comments on Current Market
- CORRECTION: NRMA and IAG
- Aon Receives First Chinese Foreign Insurance Broker License
- NRMA President Appears Successful in Replacing Board of Directors
- Best Affirms Ratings of ING Comercial, Tugu; Lowers Misr
- PartnerRe Appoints Jean-Marie Nessi Head of Non-U.S. Global P/C Business Unit
- Rating Agencies Lower AXA’s U.S. Reinsurance Companies on Restructuring Plans
- S&P Affirms Portugal’s Seguros e Pensoes Ratings
- U.K.’s Cornhill Re-branded Allianz Cornhill Insurance
- Dietmar Zietsch Appointed Chairman of SCOR Deutschland Management Board
- AXA Restructures Reinsurance Activities, Will Reduce U.S. Business
- A.M. Best to Close Toronto Office, Consolidate Canadian Operations in U.S.
- SCOR Confirms Departure of Sr. VP François Reach
- A.M. Best Affirms SCOR ‘A-‘ (Excellent) Rating
- AXIS Specialty Forms Holding Company
- Xchanging Launches Enhanced Claims Review -ECR- Service
- FSA Re-authorizes ACE INA UK to Underwrite Insurance and Reinsurance Business
- S&P’s Outlook on Italian Insurance Market is “Negative,” but “Improving”
- RMS Estimates Losses from Recent European Windstorm Could Reach $940 Million
- Best Assigns A- (Excellent) Rating to Singapore Re
- Best Affirms Gerling’s A- (Excellent) Rating for Insurance Operations
- RMS Expands Weather Database in U.S., Europe
- AIG To Establish Life Insurance Company in Ukraine
- Endurance Specialty Names William Fawcett Head of Claims
- Warnings Abound as Winter Hits Europe
- Allianz-Tiriac Wins Romanian Awards
- AXA, U.K.’s Hammerson to Develop Prestige Site in Paris
- Axa To Sell Credit Lyonnais Stake to Credit Agricole, Maybe
- Sunken Ship in English Channel Hit Again
- Report Prudential Unlikely To Buy Hyundai Securities
- HCC Completes Acquisition of St. Paul Espana
- Fitch Affirms SCOR’s ‘BBB’ Rating
- AlphaStar Repurchases Shares from Goldman Sachs
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