International & Reinsurance News for November 2002
- Changes at Global Aerospace – Aviva Exits, R&SA Decreases and Converium Ups Stake
- S&P Lowers, Withdraws ESG Re Ltd. Ratings
- Report Swiss Flood Losses Estimated at $27 Million
- S&P Affirms If P&C Insurance Group ‘A-‘ Ratings
- Munich Re Optimistic Despite $847 Million Q3 Net Loss
- A.M. Best Places Ratings of Kingsway Under Review
- ING Sells 36 Million Shares, Raises $666 Million
- PartnerRe Registers to Sell $386 Million in Mixed Securities
- Liberty Mutual Group Acquires Winterthur Portuguese Units
- The St. Paul Launches New Lloyd’s Syndicate
- China Extends Airline Terrorism Coverage
- S&P Lowers American Re Ratings to ‘AA-‘
- AIR Releases New Models for the Asia-Pacific Region
- Moody’s Lowers Converium’s Ratings
- A.M. Best Lowers SCOR Group Ratings to A- (Excellent)
- Trenwick’s Credit Providers Extend Forbearance Agreement to Dec. 6
- S&P Says Japanese Non-Life Insurers’ Mid-term Results in Expected Range
- BNP Buys French Gov’t. Share of Credit Lyonnais for $2.2 Billion
- RI3K CEO Tells London Market Why Tech Matters, but Experience Matters More
- XL Capital Appoints Robert Nason as Group Risk and Underwriting Officer of XL Re
- German Broker Becomes inreon’s 100TH Member
- White Mountains Names Barrette President, CEO
- EU Adopts New Regulations on Bancassurance
- Xchanging to Receive Additional $79 Million from General Atlantic
- London Market Braces for Oil Spill Losses
- Latest Tanker Disaster Reopens Debate on Oil Shipments
- XL Files Shelf Registration to Raise $1.5 Billion
- S&P Raises Czech Insurer’s Ratings to ‘BBB-‘
- S&P Revises Assicurazioni Generali Outlook to Negative
- Converium Gives Details on Reserves, Plans to Raise $200 Million
- A.M. Best Affirms Max Re ‘A-‘ (Excellent) Rating
- Scor Expects $404 Million 2002 Loss, Recovery Plan Under Way
- AMP to Writedown up to $675 Million from U.K. Operations
- Allianz Posts $2.52 Billion Q3 Net Loss, $933 Million 1st Nine Months
- Axis Specialty to Buy Aon’s P/C Underwriting Unit
- Generali Posts $402.7 Q3 Loss
- Lloyd’s Names Franchise Board Members
- Liquidator Seeks Recovery from Australian Gov’t. for HIH Losses
- Report Ex-Allianz Investment Chief to Head Winterthur
- HCC To Acquire St. Paul’s Spanish Operations
- AXA Posts 2.5% (5.3% Comparable) Revenue Gain for First 9 Months
- AIR Earthquake Engineer To Lead Reconnaissance Team to Italy
- S&P Lowers Trenwick Ratings to ‘CCC+’
- China Party Congress May Ease Rules for Foreign Insurers
- Fitch Lowers R&SA Insurance Ratings to ‘BBB’
- Remember the End of “The Great War”
- Swiss Re Selects John Coomber as New CEO
- S&P Lowers and Withdraws CNA Re Ratings
- AIG Fund Buys 25% of Indian Coffee Co.
- S&P Cuts R&SA Group Ratings to ‘A-‘
- Trenwick Reports $135 Million Q3 Operating Loss
- Aegon Q3 Net Drops 28% to $429 Million
- R&SA Reports Improved 9 Month Earnings; A.M. Best Affirms ‘A-‘ (Excellent) Rating
- PXRE Reports $11 Million Q3 Profit
- Swiss Re’s Chief US Economist Comments on Fed’s Rate Reduction
- Lord Levene Takes Over as Lloyd’s Chairman
- S&P Lowers Ratings on Canada’s CGIC to ‘BBB-‘
- Montpelier Re Posts $26.5 Million Q3 Net Profit
- Report RenRe Has Potential 14.2% Stake in Platinum
- Platinum Formally Operational, A.M. Best Assigns ‘A’ (Excellent) Rating
- SCOR Appoints Denis Kessler as New CEO to Succeed Jacques Blondeau
- Trenwick in Deal with Berkshire Hathaway for Lloyd’s Support
- China Admits Three More Foreign Insurers
- Royal & Sun Under the Gun
- Kingsway Applauds Ontario Auto Insurance Reform Proposals
- Max Re Details Board Changes, Stock Repurchase Plan, Dividend Payment and Management Fees
- PartnerRe Weathers the Storm: Cuts Q3 Losses, Premiums Up 45%
- Court Ruling Challenges SAI-La Fondiaria Merger
- SCOR Responds to Ratings Downgrades
- Arch Names Lesley Andrea Heath Harding as London Sr. Exec
- CNA Completes Sale of London Reinsurance Company
- S&P Affirms Groupama ‘A’ Ratings
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