International & Reinsurance News for October 2001
- KKR, Others To Sell $400 Million in Willis Shares
- Swiss Re Study Says It’s Back-to-Basics Time for Non-Life Insurers
- XL Affirms Le Mans Re Acquisition, Plans Capital Increase
- National Indemnity To Insure 2002 Soccer World Cup as AXA Talks Fail
- ACE Posts 3Q Net Loss of $390.1 Million
- XL Announces Share Offering
- Lloyd’s, NYSID Agree on Re Trust Fund Payment
- PartnerRe See 3Q Loss, Will Raise $350 Million
- LA Re Renamed XL Re Latin America Ltd
- Lloyd’s, NAIC Report Compromise
- ACE Sets Share Price at $35
- China Grants 8 New Approvals to Insurers
- NAIC Withdraws Lloyd’s 60% Funding Deal
- ACE Posts Net 3Q Loss of $442 Million; Announces $1 Billion Share Offering
- Arch Capital in Deal With Equity Investors to Launch Bermuda Reinsurer
- Lloyd’s Confirms S&P WTC Gross Loss Figure
- XL Reports 3Q Net Loss of $840 Million
- State Farm to Provide $142 Million to Lloyd’s Amlin
- Swiss Re Seeks Declaration on WTC Claim(s), Will Advance Payments
- New Problems for AIG, Hyundai Deal
- RenRe Posts $25 Million 3Q Net, Despite
- Hiscox Increases WTC Loss Estimates to
- RSA To Offer Safe Drivers Lifetime No-Claims Bonus
- Hannover Re to Skip 2001 Dividend Due to
- ING Re-Brands Mexican Operations
- Munich Re Calls for Fundamental Reorientation on Terrorist Risks
- AIG, Eureko Ally To Offer Multinational Employee Benefits
- S&P Downgrades Ratings of Trenwick Group
- Lloyd’s Warns Names to Expect Cash Calls Averaging $60,000
- Chubb CEO Says Business, Gov’t. Must Prevent Internet Attacks
- S&P Confirms ZFS’ Converium ‘A+’ Rating
- Concorde Set to Resume Service Nov. 7
- S&P Puts Le Mans Re on CreditWatch Developing Due to WTC Loss Estimates
- AXA, RSA To Raise Commercial Property Rates
- NAIC To Probe Lloyd’s Solvency After WTC Attacks, Relaxes Fund Requirements
- QBE, RenRe Make Public Share Offerings
- Brown and Brown Offers New Cargo Insurance Program
- ING Cuts Earnings Target from 17% Growth to 5%
- AXA Cancels Soccer World Cup Coverage
- IPC Holdings Increases Terror Loss Estimates to $95 Million
- RSA Raises Terror Loss Estimate to $289 Million
- Swiss Re Conference Highlights Business Opportunity and Obligation on Environment
- RMS Upgrades Website, Releases New U.K.
- AXA Plans to Cut Costs by 10 %
- Moody’s Downgrades Alleghany Lloyd’s Syndicate
- Swiss Re Opens Conference on Greenhouse
- RenRe to Form New Catastrophe Reinsurer
- CGNU Seeks to Sell French Commercial Lines Unit
- 118 Die in Plane Crash at Milan Airport
- Lloyd’s Names Given Right to Appeal
- Zurich Ups WTC Loss Estimates, Lowers Profit Target
- Some Asian Airlines Still Seeking Help for War
- Eureko Seals Deal for Poland’s PZU
- Lloyd’s Wellington Ups Attack Loss Estimates, Plans Capacity Increase
- Best Affirms Ratings for Munich Re, Royal and Sun
- XL Estimates Attack Losses at $1.8 Billion Gross, $700 Million Net
- Trenwick Ups Terror Loss Estimates to $100 Million
- S&P Lowers Ratings on Copenhagen Re
- Ren Re Estimates $50 Million WTC Loss, But Continued Profitability
- PartnerRe, Max Re See 3Q, Full Year Losses
- Lloyd’s Questioned on Liquidity, Exposures
- Willis Develops ‘War Risk’ Products
- Zurich Unit to Join the ‘Berne Union’
- Insurers Prepare Presentations for Bermuda Angle Conference
- Sampo Withdraws Storebrand Offer
- Lloyd’s Moves to Strengthen Central Fund
- Alleghany Estimates Lloyd’s Losses at $112M
- Insurers Assess Possible Government Role for War, Terror Cover
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