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  • Subsidiaries of SCOR owned Commercial Risk Partners (CRP) were dealt a downgrade by ratings agency AM Best last Wednesday over capitalisation fears.
  • Equitable Life decision may increase UK D&O demand
  • Swiss Re downgraded to A+ by AM Best
  • Munich Re, the world's largest reinsurer, announced last week that it will launch one of the largest ever reinsurance rights issues, worth at least €3.8bn (£2.6bn).
  • Distressed German insurer Gerling has boosted its equity base to €450mn after a group of German businesses and investors injected €150mn into the group in exchange of 30 percent of the company’s equity.
  • Ratings Agency Fitch Ratings has maintained its B- financial strength rating on cash strapped Bermudian reinsurer ESG Re with an ongoing outlook of negative.
  • US property casualty giant Travelers has weathered heavy casualty losses to book record operating profits of $442.7mn, up 23 percent from the $360.1mn recorded in the third quarter of 2002.
  • Aon Re has announced the management structure for its new global accident, health and life reinsurance team.
  • An irregular section that looks at memorable quotes.
  • Followers of US tort reform developments were teased last week with the prospect of a real breakthrough, as Republican Senator Bill Frist stepped in to rescue stalling asbestos talks, negotiating a new deal between insurers and industrial defendants over