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.
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.
Madrid-based Mapfre Re has announced that it will be carrying out a €150m capital increase in the first four months of 2004.
Rating agencies Standard & Poor's (S&P) and AM Best have both upgraded the financial strength ratings of troubled French reinsurer Scor.
Ace has unveiled plans for an initial public offering (IPO) of its financial guaranty business.
Reinsurance intermediary Benfield has chosen electronic information company Factiva to provide its employees with news and business bulletins.
Troubled French reinsurer Scor has held an extraordinary general assembly to approve a package of measures to strengthen the company.