International & Reinsurance News for May 2002
- RMS Provides Japan Earthquake Risk Analysis to Nissay Dowa, Swiss Re
- La Fondiaria Agrees to Merge with SAI
- S&P Rates Liberty Mutual (U.K.) ‘A+’
- La Fondiaria Shareholders Set to Approve Merger with SAI
- S&P Affirms ‘AAA’ Ratings on Two XL Units, Lowers ERC to ‘AA+’
- ACE to Buy 22% Stake in Chinese P/C Insurer for $150 Million
- Munich Re Forms MACM in Restructuring of ART Units
- AXIS Specialty Opens European HQ in Dublin
- Den Norske Bank Reportedly Seeking Storebrand
- Munich Re Reports Strong Q1 Gains
- EU Extends Airline Aid Deadline to June 30
- Lloyd’s Drops Plan to Buy Out Individual Names
- China Airlines Fully Insured for 747 Crash Claims
- European Commission Approves inreon Online Reinsurance Exchange
- NAIC, Chinese Regulators to Cooperate as Insurance Ties with China Expand
- ING Q1 Net Up Slightly on Strong Insurance Sales
- GE, XL To Offer Joint Risk Management Services
- RI3K to Host Conference on Reinsurance Exchange Technology
- Cicada Risk to Provide Outsourcing Services to AIG
- Liverpool Confirms It Will Appeal Consob Ruling on La Fondiaria
- S&P Maintains Negative Outlook on Japan’s P/C Insurers
- Lloyd’s, London Brokers Set Up Benchmark Program
- ESG Re Answers Investors’ Questions On-line
- Bermuda Fund May Challenge SAI, La Fondiaria Ruling
- S&P Review Finds U.K. P/C Market Stable
- St. Paul Re Names Michael D. Price Chief Underwriting Officer; Will Join Platinum
- S&P Affirms Everest Re (U.S.) ‘A-‘ Rating, Outlook Positive
- SAI, La Fondiaria Merger Moves Closer, Full Bid Not Necessary
- Swiss Re Sponsors Brazilian Water Project; Offers Hurricane Expert Advice
- Schiro Sets Out to Rebuild Confidence in Zurich
- Endurance to Acquire La Salle Re fromTrenwick
- U.K. High Court Decision Opens Door to Asbestos Claims
- Allianz Q1 Profits Up 170%, Helped by Investment Sales
- ACE Minimizes Affect of PPG Asbestos Settlement
- White Mountains Files to Sell 1.2 Million Shares
- CORRECTION: Lloyd’s SP Rating is Single ‘A’
- AIG Denies Exposure to U.K. Asbestos Claims
- AXA to Cut 700-1000 Jobs in U.K. P/C Unit Restructuring
- S&P Warns Insurers on Disputing Financial Guarantees
- AXA’s Q1 Total Revenues Rise 1.9% to $19.2 Billion
- S&P Removes Lloyd’s from CreditWatch, Affirms ‘A’ Rating
- Zurich Names James Schiro as New CEO
- Arch Capital Notes Significant Q1 Changes
- XL’s Reinsurance Units Launch New Website
- Lloyd’s Change to Annual Accounting Results in $4.5 Billion Loss Estimate
- Aegon Exposure to World Com Debt May Be $200 Million
- ESG Re Posts $5.5 Million Q1 Loss
- Update: Swiss Re, Silverstein, Willis WTC Claims
- AXIS Specialty Reports Q1 Net of $31.7 Million
- Report 5 States Sue Vatican Over Frankel Losses
- Italian Court Rejects Fondiaria Challenge to Shareholder Vote
- Swiss Re Attacks Willis’ Testimony in WTC Dispute
- Lloyd’s to Reexamine Names Buy Out Plan
- KKR To Sell $450 Million Worth of Willis Shares
- PXRE Reports 379% Q1 Net Income Gain to $18.2 Million
- U.K.’s Kwelm Companies to Pay Creditors More Than 50%
- PartnerRe Reports Premium Increases, But Q1 Net Falls 34%
- IICF Honors Lloyd’s Chairman Riley at S.F. Gala
- Allied World Reports $18.3 Million in Q1 Net Operating Income
- IPC Holdings Stongly Denies Interest in Germany’s Gold-Zack
- S&P Affirms ‘AA+’ Ratings on Australia’s NRMA
- ING Restructures U.S. Asset Management Operations; Announces Joint Venture with ANZ
- W.R.Berkley Confirms Increased Stake in Lloyd’s Kiln
- RenRe Announces 3-for-1 Stock Split
- Allianz Report Upbeat on Business in China
- Lloyd’s Riley Urges Passage of Terrorist Insurance Bill
- Royal Sun Sells U.K. Asset Management Business
- Willis Reports 73% Rise in Q1 Operating Earnings
- ACE Reports Q1 Net Operating Income Up 24% to $216 Million
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