Reinsurance
Moody's revises Skandia rating outlook
Moody's Investors Service has revised the rating outlook for Skandia Insurance Company from developing to stable.
Swiss Re obtains $400m mortality coverage
Swiss Re has sponsored $400m of coverage for its first insurance-linked security relating to life insurance risk.
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.
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.
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.
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.
Ace announces IPO plans
Ace has unveiled plans for an initial public offering (IPO) of its financial guaranty business.
Benfield links up with Factiva
Reinsurance intermediary Benfield has chosen electronic information company Factiva to provide its employees with news and business bulletins.
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.