Reinsurance

• Regulation

Rating agencies keep eye on Scor actions

Rating agencies Moody's and Fitch have both announced that they are taking no rating actions following Scor's announcement of a fully underwritten rights issue.

• 05 Dec 2003

AM Best downgrades Commercial Risk Partners

Rating agency AM Best has downgraded the financial strength rating of Commercial Risk Reinsurance and its US subsidiary Commercial Risk Re-Insurance, together known as Commercial Risk Partners, from B+ (very good) to B (fair), with a negative outlook.

• 04 Dec 2003

Mapfre Re announces capital increase

Madrid-based Mapfre Re has announced that it will be carrying out a €150m capital increase in the first four months of 2004.

• 04 Dec 2003

• Commercial

Scor's ratings get boost

Rating agencies Standard & Poor's (S&P) and AM Best have both upgraded the financial strength ratings of troubled French reinsurer Scor.

• 03 Dec 2003

• Reinsurance

Ace announces IPO plans

Ace has unveiled plans for an initial public offering (IPO) of its financial guaranty business.

• 02 Dec 2003

• Reinsurance

Benfield links up with Factiva

Reinsurance intermediary Benfield has chosen electronic information company Factiva to provide its employees with news and business bulletins.

• 02 Dec 2003

• Regulation

Scor EGA votes for capital increase

Troubled French reinsurer Scor has held an extraordinary general assembly to approve a package of measures to strengthen the company.

• 01 Dec 2003