International & Reinsurance News for April 2003
- Diekmann Takes over at Allianz; Schulte-Noelle to Head Supervisory Board
- ACE Limited Reports $247 Million Q1 Net Profit
- Swiss Re Appoints Jacques Aigrain as CIO; Replaces Giuseppe Benelli
- Swiss Re Asks PartnerRe to Register Shares for Sale
- XL Capital Posts $240 million Q1 Net Income
- S&P Says Taiwan’s General Insurers Return to Stability
- Converium Reports Decrease in Q1 Net Profit to $25.5 Million
- eReinsure Appoints James Low, Director of Business Development
- PartnerRe Previews Q1 Results; to Redeem Preferred Shares
- Liquidator Sees 10 to 20 Percent Payout to HIH Creditors
- Munich Re CEO to Step Down at Year End
- Generali Reconfirms Top Executives, Appoints New Board Members
- ING Closes Sale of Fatum in the Netherlands Antilles and Aruba, To Close Ho Chi Minh City Office
- ZFS Notes Dismissal of Holocaust Class Action
- World Struggles to Deal with Deadly SARS Virus
- Zurich Unit in Deal with the African Trade Insurance Agency
- AIG Global Surety, National Indemnity to Provide Surety Facility for Large Creditworthy Contractors
- IPC Holdings Reports in Q1 Net Income Increased to $67.5 Million
- A.M. Best Affirms A- (Excellent) Ratings of Tryg-Baltica Insurance Group
- Everest Re Group Sells 4.48 Million Shares
- Willis Group Posts $117 Million Net Q1 Income
- S&P Says a “Shakeout” is Due in Thailand’s General Insurance Sector
- AlphaStar Wins “Film Finance” Appeal; Nasdaq May Delist Shares
- Best Reaffirms Ratings of Skandia Insurance
- Aegon Appoints Marc van Weede to Head Group Business Development
- Everest Re Group Posts $104 Million Q1 After Tax Operating Income, Ups Earnings Forecast
- Arch Insurance Group Names Jerry Vasquez Managing Director of Offshore Energy
- Montpelier Re Expects Q1 Earnings Per Share Between $1.48 and $1.58
- Willis Group Sells DRIVE to MVRA
- ACE Financial Solutions International Makes Appointments
- HIH Report Cites Mismanagement as Cause of Collapse
- German Gov’t Denies Lufthansa Terrorist Coverage
- XL Capital Ltd. Appoints McFate as Global Treasurer
- Swiss Re’s Africa Strategy Results in Name Change
- Top Layer Reinsurance IFS Rating Affirmed by S&P’s
- American Safety Group Ltd. Reports 4thQ, 2002 Year End Results
- S&P’s Says SARS Could Damage Health of Emerging Asian Companies
- IAMI Names Officers and Directors for 2003
- Willis Group Forms Joint Venture to Grow in India
- Halifax Launches ‘Quote & Buy’ Car Insurance in Branches
- A.M. Best Places Ratings of Hannover Re, Subsidiaries Under Review
- Alea Group Announces Strong 2002 Performance
- Lloyd’s Chairman Calls for Equal Treatment Under U.S. Insurance Law
- Despite Market Turmoil, Co’s Still Buying D&0 Says Allianz
- A.M. Best Affirms Rating of Wing Lung Insurance
- XL Capital’s Luck Chosen as APIW Woman of the Year
- AXA Shows $3.1 Billion 2002 Loss Under U.S. GAAP Rules
- Best Assigns Indicative “aa” Rating to Munich Re’s Subordinated Debt Issue
- Trenwick Announces Definitive Agreement with Senior Note Holders
- S&P Lowers AEGON’s Ratings to ‘A+/A-1’
- AXA Group to Make Changes in Supervisory Board
- Best Lowers Underwriter Insurance Company Rating to B++ (Very Good)
- Lloyd’s Chairman Blasts U.S. “Litigious Culture”
- Maranghi to Quit Post as Mediobanca CEO
- Benfield Adopts Single Brand Name
- ACE Launches New Communications Campaign Focused on Global Protection
- Japan’s Millea to Offer SARS Coverage
- Moody’s Lowers Munich Re Rating to ‘Aa3’
- Hiscox Notes Increased Demand for Terrorism Coverage
- SCOR Increases Stake in IRP
- ACE International Appoints Kudret Oztap Head of Global Onshore Energy Operations
- S&P Ratings on Gerling to Remain on CreditWatch
- XL EVP Fiona E. Luck Named APIW 2003 Insurance Woman of the Year
- Arch Insurance (Bermuda) Increases General Property Capacity
- Industry Applauds Lloyd’s Return to Profitability
- S&P, A.M. Best Take Rating Actions on Trenwick
- Lindsey Morden Agrees to Acquire RSKCo Services
- Gerling, HDI Break Off Talks
- Equitas Settles Honeywell Asbestos Claims for $472 Million
- Trenwick Announces Default and “Agreement in Principle” with Note Holders for Extension
- inreon Announces New Expansion in Asia
- ESG Re Reports 2002 Third Quarter and Year End Results; 2001 Restatement
- Lloyd’s Announces Financial Results – $1.32 Billion Profit for 2002
- SCOR Posts $496 Million* Loss for 2002
- Lloyd’s Announces First Companies to Use “Project Blue Mountain”
- Best Affirms Gerling’s ‘A-‘ (Excellent) Rating
- Platinum Underwriters Names Justin Cressall Treasurer
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