International & Reinsurance News for March 2003
- S&P Expects to Assign an ‘A’ Rating to Promina General Insurance Subsidiaries
- Report AXA to Sell Stake in Cologne Re to General Re
- S&P Sees Limited Impact from Tokio, Nichido Merger
- Gerling Gets Favorable Court Ruling on Plans to Sell Reinsurance Unit
- S&P Cuts Munich Re and Core Subsidiaries to ‘AA-‘
- Brit Considering $245 Million Offer for PRI Group; Best Puts Ratings Under Review
- Hannover Re Responds to Downgrade by Moody’s
- Millea to Merge Tokio Marine, Nichido Operations
- XL Capital Appoints David P. Shea as for Financial Products and Services Segment
- Munich Re Posts $1.7 Billion 2002 Net Profit; Premiums Up 10.8%
- A.M. Best Affirms Generali’s A+ (Superior) Ratings
- Swiss Re Reports $66 Million Net Loss for 2002; to Reduce Dividend Payment
- Equitas Announces Management Succession and Board Changes
- Allianz: No Plans to Cancel Airline Coverage, EU Prepares Back-up Help
- AlphaStar to Sell Its Realm National and World Trade Subsidiaries to AIM
- ABS EQECAT to Hold 2003 European Catastrophe Management Summit in Barcelona
- Allianz Launches its first P/C Operation in China
- Trenwick Group and LaSalle Re Expect to be quoted on OTC Bulletin Board
- Hub International Unit Expands in British Columbia
- S&P Affirms AIG’s ‘AAA’ Ratings
- S&P Affirms Le Mans Re ‘A+’ Ratings
- Fiat to Sell Toro Insurance Unit to De Agostini SpA for $2.54 Billion
- Best Lowers Allianz Ratings, Company Denies Report on Asset Sales
- ACE Comments on S&P Rating Reaffirmation
- III Announces “Marine Insurance Issues 2003” Seminar on April 28
- Walter Kielholz to Retire from PartnerRe’s Board; Dividend Payment Set
- No Cancellations on Gulf Related Coverage – Yet, But Insurers Warn of Surcharges
- Zurich to Exit Latvia, Lithuania and Estonia
- Best Downgrades Winterthur Group Ratings
- AlphaStar Insurance Group Reports Resignation of Two Directors
- Transatlantic Re Elects New Officers, Declares Dividend
- Robert A. Blee Named Chief Compliance Officer of ACE Limited
- Industry Faces Reality of War in Iraq
- Allianz Posts $1.28 Billion 2002 Loss; Cites Write-downs, Dresdner, Flood Losses
- Moody’s Lowers AXA’s Debt Ratings
- Generali Posts $800 Million 2002 Loss
- XL Capital Appoints Joseph C. Henry as Global Controller of XL Global Services
- ESG Re Limited to Deregister Common Stock
- Hans-Peter Gerhardt Named New AXA RE CEO
- Sir Robert Horton Retires from PartnerRe’s Board of Directors
- Ravi Nathan Appointed Sr. VP of ACE USA Global Weather
- R&SA Canada to Provide Travel Coverage for ETFS Group
- A.M. Best Affirms B++ Rating of Fuji Fire & Marine; A+ Rating of NZ’s ACC
- Ireland, World Celebrate St. Patrick’s Day, Despite War Threats, Insurance Rate Hikes
- Lloyd’s Chairman Calls for Change in Paperwork Processing
- Best Affirms Most Ratings on Canada’s Fairfax
- ING Shares Fall on News of $14 Billion Goodwill Write Down
- Report Credit Suisse to Sell Churchill
- Fortis Weathers a Bad Year, Dividend Unchanged, Shares Rise 22%
- AVIVA’s Delta Lloyd “Goes Live” with FINEOS Claims Management System
- Monte Dei Paschi Acquires 3.1% Stake in Generali
- Swiss Re sigma Study Puts 2002 Cat Losses at $13.5 Billion
- Lloyd’s Awards U.S. Brokers; Accredits New Asian, 2 London Brokers
- Allianz, Partners Close Terror Insurer for Lack of Business
- Insurance Bureau of Canada Says Industry Reached a “New Low” in 2002
- Gerling Seeks To Transfer $221 Million to Reinsurance Unit
- inreon Expands in Japanese Market
- Buffett Comment Causes Concerns on Reinsurance
- A.M. Best Raises Rating of AXIS Specialty Limited
- Munich Re Issues 2002 Natural Catastrophe Study; L.A., S.F. are High Risk
- A.M. Best Places Rating of The Underwriter Insurance Company Under Review
- New Swiss Re Technical Publication Issued for Calculating Claims Ratio in Third Party Auto Liability Insurance
- S&P Indicates No Rating Changes After R&SA Earnings Report
- Allianz Comments on S&P’s “A+” Ratings for its Marine and Aviation Unit
- S&P’s Rates South China Insurance ‘BBB’; Outlook Stable
- ESG Re Appoints Collery as Director
- A.M. Best Notes Royal & Sun Alliance Group Ratings Remain Unchanged
- S&P’s Affirms DaVinci Re ‘A’ Ratings; Outlook Stable
- Endurance Specialty Holdings Names Bell Pres. of Bermuda Subsidiary
- W.R. Berkley Corp. Notes Plans to Form U.K. Operation
- A.M. Best Lowers Rating of Top Layer Reinsurance Ltd.
- A.M. Best Affirms Rating of Egypt Re
- Co-operators General Company Notes 4thQ 2002 Loss of $2,518,000
- European Commission Approves GAUM Sale to Berkshire, Converium, Munich Re
- Trenwick Continues Restructuring Discussions
- Marsh Granted Brokerage License in India
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