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26th November 2003

A.M. Best Company, 15, 24, 25, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 44, 45, 47, 48, 49, 51, 53, 54, 55, 56, 57, 58, 59

ACE Ltd, 1, 2, 3

Advisen Ltd, 13

AIU Insurance Company, 66

Alamo Title Insurance, 64

Alfa Mutual Fire Insurance Company, 62, 64

Alfa Mutual Insurance Company, 62, 64

Alleghany Corporation, 57

Allianz AG, 8, 47

Allianz Cornhill Insurance Plc, 61

Allianz Insurance Company, 47

Allied World Assurance Company, 42, 62

Allstate Insurance Company, 65

Allstate Life Insurance Company, 42

Altius Health Plans, 40

American and Foreign Insurance Company, 24, 25, 27

American Family Insurance Group, 32

American Family Mutual Insurance Company, 32

American Healthcare Indemnity Company, 36

American Healthcare Specialty Insurance Company, 36

American Home Assurance Company, 65

American International Group, 42, 57

American Physicians Assurance Corporation, 34, 35

American Physicians Capital Inc., 35

American Re Corporation, 8, 11, 61

American Re-Insurance Company, 61, 65, 66

American Safety Casualty Insurance Company, 60

American Safety Indemnity Company, 60

American United Life Insurance Company, 60, 67

Amica Life Insurance Company, 25

Amica Lloyds of Texas, 25

Amica Mutual Insurance Company, 25

Amlin Plc, 23

AMP Life Ltd, 66

Anthem Inc., 52

Anthem Insurance Companies Inc., 46, 52

Arab Insurance Group, 5

Arch Reinsurance, 60

Argonaut Group, 54

Argonaut Group Inc., 54

Aseguradora Mundial, 44

Aspen Insurance, 59

Aspen Insurance UK Ltd, 59

Aspen Specialty Insurance Company, 41

Atlantic Indemnity Company, 24

Atlantic Insurance Company, 61

Atlantic Lloyd's Insurance Company of Texas, 29, 48

Atlantic Medical Insurance Ltd, 48

Atlantic Mutual Companies, 29

Atlantic Mutual Insurance Company, 29, 48

Atlantic Security Insurance Company, 24

Atlantic Specialty Insurance Company, 29, 48

Australia, 6, 9, 27, 30, 49, 65, 66

AXA Corporate Solutions, 36

AXA Financial, Inc., 50

AXA Re Finance, 59

Banc of America Securities, 6

BancInsure Inc., 58, 67

Bank One Corporation, 32

Bankers Life & Casualty Company, 49, 57, 59

Barbados, 6, 62

Belgium, 39

Berkshire Hathaway, 8, 63

Bermuda, 7, 8, 15, 22, 23, 25, 30, 38, 39, 40, 41, 43, 45, 48, 49, 50, 53, 59, 60, 62, 63, 64, 67, 68

Best Meridian Insurance Company, 28

Best Meridian International Insurance Company, 28

BEST Re, 61

BF&M General Insurance Company Ltd, 48, 60

BF&M Life Insurance Company Ltd, 48, 60

BNP Paribas, 7, 59

Brazil, 65

Brit Insurance (UK) Ltd, 58

Brit Insurance Holdings Plc, 22

Brit Insurance Ltd, 59

Brit Syndicates Ltd, 31, 48

Business Men's Assurance Company of America, 39, 51

California Automobile Insurance Company, 63

Canada, 6, 25, 44, 47, 52, 53, 54, 55, 56, 59, 60, 65, 68

Cathay Century Insurance Company Ltd, 39

Cathay Life Insurance Company Ltd, 39

Cayman, 35

Cayman Islands, 35

Centennial Insurance Company, 29, 48

Centre Insurance Company, 38

Centre Reinsurance International Company, 38

Centre Solutions (Bermuda) Ltd, 38, 50

Ceska Pojistovna, 67

CGNU Life Assurance Ltd, 44

CGRM, 36

CGU International Insurance, 44

Chaucer Holdings Plc, 17

Chesapeake Life Insurance Company, 63, 65

Chile, 6

China, 6, 8

China Insurance Regulatory Commission, 8

Chubb Corporation, 42

CIGNA, 37, 51

Clarendon America Insurance Company, 34

Clarendon National Insurance Company, 34

Codan, 47

Codan Insurance Company, 47

Colonial Insurance Company, 48, 60

Colonial Life & Accident Insurance Company, 66

Colonial Life Assurance Company Ltd, 48

Colonial Medical Insurance Company Ltd, 48, 60

Colonial Penn Life Insurance Company, 49, 57, 59

Columbia Insurance Company, 63

Commerce Insurance Company, 40, 68

Commercial Risk Partners, 4, 37, 53

Commercial Risk Reinsurance Company Ltd, 30

Commercial Risks Partners, 25, 53

Commercial Union Life Assurance Company Ltd, 44

Commonwealth Land Title Insurance Company, 58

Connecticut General Life, 37, 51

Connecticut General Life Insurance Company, 37, 51

Connecticut Indemnity Company, 24, 25, 28

Conseco Annuity Assurance Company, 49, 57, 59

Conseco Health Insurance Company, 49, 57, 59

Conseco Inc., 49

Conseco Life Insurance Company, 49, 57, 59

Conseco Life Insurance Company of New York, 49, 57, 59

Conseco Medical Insurance Company, 58

Conseco Senior Health Insurance Company, 49

Continental Casualty Company, 66

Continental Insurance, 66

Continental Insurance Company, 66

Converium, 42

Converium Insurance (UK), 42

Converium Ltd, 42

Cooperativa de Seguros Multiples de Puerto Rico, 30

Coventry Health Care of Nebraska, 44

Czech Republic, 67

Denmark, 47

Deutscher Herold Leben, 43

Dongbu Insurance Company Ltd, 61

Eagle Star Insurance Company, 43

Eagle Star Life Assurance, 43

Elwood Insurance Ltd, 40

Employers Reassurance Corporation, 24

Employers Reinsurance Corporation, 6, 22, 23, 24, 35, 53

Equitable Life Assurance Society, 60, 65

ERC Life Reinsurance Corporation, 24, 35

ESG Re, 1, 2, 3

Essex Insurance Company, 65

Everest Indemnity Insurance Company, 41

Everest National Insurance Company, 41, 43

Everest Reinsurance (Bermuda) Ltd, 41, 43

Everest Reinsurance Company, 41, 43

Everest Security Insurance Company, 41

Farmers Group Inc., 32

Farmers Insurance Exchange, 67

Federal Kemper Life Assurance Company, 32, 56

Fidelity National Financial, 64

Fidelity National Title Insurance Company, 64

Fidelity National Title Insurance Company of New York, 64

Finland, 65

First American Title Insurance Company, 64

First Colony Life Insurance Company, 31, 55, 62

First Security Benefit Life Insurance & Annuity Company, 26

First Specialty Insurance Corporation, 57

First UNUM Life Insurance Company, 66

Fitch Ratings, 27, 29, 30, 31, 34, 37, 39, 41, 42, 44, 46, 50, 51, 52, 54, 55, 59

Fortis Benefits Insurance Company, 27

France, 25, 36, 37, 52, 53, 59, 61

GE Capital, 49, 55, 61, 62, 65, 66

GE Mortgage Insurance Pty Ltd, 27, 49, 65, 66

General Assurance Company, 57, 59

General Electric Company, 31

General Electric Mortgage Insurance Corporation, 27

General Insurance Corporation, 62, 64

General Security Indemnity Company, 11, 25, 52, 53

General Security Indemnity Company of Arizona, 25, 52, 53

Generali USA Life Reassurance Company, 39

Georgia, 46, 63

Gerling, 40, 56

Gerling Global Life Insurance Company, 56

Gerling Global Life Reinsurance Company, 56

Gerling Life Reinsurance, 40

Germany, 32, 33, 40, 41, 64, 65, 66, 67

Gibraltar, 66

Gibraltar Life Insurance Company, 66

Glencairn Ltd, 23

Globe Indemnity Company, 24, 25, 27

Golden Rule Insurance Company, 50, 68

Goshawk Insurance Holdings, 26, 28, 46, 59

Goshawk Reinsurance Ltd, 45, 59

Groupama, 61

Guarantee Trust Life Insurance Company, 30

Guaranty National Insurance Company, 24, 25, 27

Guaranty National Insurance Company of Connecticut, 24

Guy Carpenter, 9

Hamburg Mannheimer, 66

Hannover Re, 9, 10, 32, 33, 34, 66

Hannover Reinsurance (Ireland) Ltd, 32

Harleysville Group, 45

HDI, 5, 32, 33

Heath Lambert, 22

Hermes Group, 11

Hiscox Insurance Company Ltd, 62

Home Insurance Company, 54

Hong Kong, 6

Horace Mann Insurance Company, 30, 36, 52

Horace Mann Life Insurance Company, 30

Horace Mann Lloyds, 31, 36, 52

Houston Casualty Company, 68

Hurricane Fabian, 48, 49

Hyundai Marine & Fire Insurance Company Ltd, 57

India, 6

Industrial Valley Title Insurance Company, 58

Insurance Company of New York, 40, 42, 49, 55, 57, 61, 62, 64, 68

Insurance Company of North America, 50

Insurance Corporation of Hannover, 32

International Underwriting Association, 15, 16

IPC Re, 1, 2, 3

Ireland, 6, 32, 42, 68

Italy, 12, 39, 59

J.P. Morgan Securities, 6

Jackson National Life Insurance Company, 60

James River Group, 10

Japan, 6, 14, 26, 27, 41, 58

John Alden Life Insurance Company, 27

John Hancock Life Insurance Company, 60, 64

John Hancock Variable Life Insurance Company, 64

KarstadtQuelle Lebensversicherung, 41

Korea, 6, 57, 61, 62

Korean Reinsurance Company, 62

KPMG, 22, 35

Labuan, 63

LandAmerica Financial Group, 58

Landmark American Insurance Company, 57

Lansforsakringar, 43, 46

Lansforsakringar AB, 43, 46

Lawyers Title Insurance Corporation, 58

LG Insurance Company Ltd, 61

Liberty Life Insurance Company, 51

Liberty Mutual Insurance Company, 45

Liechtenstein, 39

Lloyd Adriatico, 59

Lumley General Insurance Ltd, 30

Malaysia, 63

Mannheimer Versicherung, 65

Manufacturers Alliance Insurance Company, 34, 38

Manufacturers Life, 60, 65, 68

Mapfre, 65

Mapfre Asistencia, 65

Maritime Life Assurance Company, 60

Markel American Insurance Company, 65

Marsh & McLennan Companies, 18

Marsh Inc., 22

Max Re Capital, 1, 2, 3

MEGA Life & Health Insurance Company, 63, 65

MetLife, 6

Mexico, 6

MGIC Indemnity Corporation, 51

MGIC Mortgage Insurance Corporation, 51

MONY Group, 50

MONY Life Insurance Company, 44, 50

MONY Life Insurance Company of America, 44, 50

Mortgage Guaranty Insurance Corporation, 51

Munich Re, 8, 65, 66

Mutual of America Life Insurance Company, 46

National Association of Independent Insurers, 14

National Association of Insurance Commissioners, 15

National Association of Mutual Insurance Companies, 14

National Conference of Insurance Legislators, 15

National Indemnity Company, 63

National Liability & Fire, 63

National Life Insurance Company, 60, 63, 65

National Provident Life, 66

National Union Fire Insurance Company, 65

Nations Title Insurance Company of New York, 64

New Hampshire Insurance Company, 65

New Zealand, 30, 61

Norway, 65

Norwich Union, 44

Norwich Union Insurance Ltd, 44

Odyssey America Reinsurance Corporation, 11

Oil Casualty Insurance Ltd, 67

Oil Insurance Ltd, 68

Omaha Life Insurance Company, 28, 58, 67

Omaha Woodmen Life Insurance Society, 44

Orion Insurance Company, 24

Palisades Group, 42, 62

Panama, 44, 56

Partner Re, 1, 2, 3, 23, 39

Partner Reinsurance Company, 23, 39

PartnerRe, 23, 39

Paul Revere Life Insurance Company, 66

Paul Revere Variable Annuity Insurance Company, 66

Pearl Assurance Plc, 66

Pennsylvania Manufacturers Association Insurance Company, 34, 38

Pennsylvania Manufacturers Indemnity Company, 34, 38

Phoenix Assurance Company of New York, 24, 25, 27

Pioneer Life Insurance Company, 58

Platinum Underwriters, 1, 2, 3

PMA Capital, 10, 33, 34, 38

PMA Capital Corporation, 10, 33, 38

PMA Capital Insurance Company, 33, 34, 38

PMA Insurance Group, 33

Pohjola, 65

Princeton Eagle Insurance Company, 8

Principal Life Insurance Company, 45

Professional Risks Insurance, 58

Prudential Financial, 37, 42

Prudential Insurance Company of America, 66

Puerto Rico, 30

Putnam Re, 67

PXRE Group, 1, 2, 3

PXRE Reinsurance Company, 43

PXRE Reinsurance Ltd, 43

QBE International Insurance, 23

Quanta Reinsurance Ltd, 39, 40

Quanta Reinsurance U.S. Ltd, 39, 40

R.V.I. America Insurance Company, 64

R.V.I. Guaranty Company, 64

R.V.I. Guaranty Company Ltd, 64

Reinsurance Association of America, 14, 21

Reinsurance Group of America Inc., 50

ReliaStar Life Insurance Company, 58

Renaissance Re, 1, 2, 3, 22

RenaissanceRe Holdings, 22

RGA Life Reinsurance Company of Canada, 6

RGA Re, 6, 65

RGA Reinsurance Company, 6, 65

Riunione Adriatica di Sicurta, 59

Royal & Sun Alliance Insurance (Puerto Rico), 30, 68

Royal & Sun Alliance Insurance Group Plc, 25, 30, 57

Royal & Sun Alliance Insurance Plc, 25, 26

Royal Bank of Canada, 68

Royal Indemnity Company, 24, 25, 27

Royal Insurance Company, 24, 25, 27

Royal Insurance Company of America, 24, 25, 27

Royal Surplus Lines Insurance Company, 47

Safeco Corporation, 28

SAFECO Corporation, 51

SAFECO Life Insurance Company, 28, 51

Safeguard Insurance Company, 24, 25, 27

Samsung Fire & Marine Insurance Company Ltd, 62

SCOR, 4, 7, 11, 22, 23, 25, 26, 30, 37, 52, 53

SCOR Reinsurance Company, 11, 25, 52, 53

SCPIE Holdings Inc., 36

SCPIE Indemnity Company, 36

Sea Insurance Company of America, 24, 25, 27

Security & General Insurance Company Ltd, 48, 60

Security Benefit Life Insurance Company, 26

Security Insurance Company of Hartford, 24, 25, 27

Security National Insurance Company, 25, 52, 53

Select Insurance Company, 64

Singapore, 61

Singapore Reinsurance Corporation Ltd, 61

Somers Isles Insurance Company Ltd, 49, 60

South Africa, 6

Southern Health Services, 44

Spain, 6, 65

SPS Reassurance, 36

St. Paul Companies, 22, 54, 55

St. Paul Fire & Marine Insurance Company, 46, 55

St. Paul International Insurance Company Ltd, 61

St. Paul Reinsurance Company Ltd, 46, 55

St. Paul Surplus Lines Insurance Company, 46, 55

Standard & Poor's, 10, 12, 16, 17, 18, 19, 20, 21, 23, 24, 25, 26, 27, 28, 29, 30, 32, 33, 34, 35, 38, 41, 43, 44, 45, 46, 47, 49, 50, 51, 52, 53, 55, 56, 57, 58, 59

Standard Insurance Company, 32

Storebrand Livsforsikring AS, 65

Sun Alliance & London Assurance Company, 47

Sun Alliance & London Insurance, 47

Sun Life Assurance Company, 44

Sun Life Assurance Company of Canada, 44

Sunderland Marine Mutual Insurance Company, 60

Sweden, 43, 46, 67

Swiss Re, 31

Switzerland, 31, 38, 43, 59, 63, 67

Syndicate 102, 26, 28, 46, 59

Syndicate 1084, 17

Syndicate 1176, 17

Syndicate 1204, 22

Syndicate 2001, 56

Syndicate 2623, 61

Syndicate 389, 31, 48

Syndicate 510, 62

Syndicate 623, 61

Taiwan, 6, 39

Teachers Insurance & Annuity Association, 68

Teachers Insurance Company, 31, 36, 52

Tokio Marine Life Insurance Company, 58

Tokio Marine Life Insurance Company Ltd, 58

Trafalgar Insurance Company of Canada, 47

Trans Re Zurich, 67

Transatlantic Reinsurance Company, 67

Transmarine Insurance Company Ltd, 39

Travelers Property Casualty Corporation, 41, 55

Tryg Vesta Group, 25, 47

Tryg-Baltica, 24, 47

Tryg-Baltica International (UK) Ltd, 24, 47

Trygg-Hansa, 47, 67

Tunisia, 61

Unisun Insurance Company, 24

UnitedHealth Group, 50, 68

Unum Japan Accident Insurance Company, 26

UNUM Life, 66

UNUM Life Insurance Company of America, 66

UnumProvident Corporation, 27

USA, 6, 10, 11, 13, 21, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68

VHV Vermogensanlage, 40

Viking Insurance Company of Wisconsin, 24, 25, 27

WellPath Select, 44

WellPoint Health Networks Inc., 46, 52

Wesfarmers Ltd, 30

Willis Group, 18

Woodmen of the World Life Insurance Society, 44

XL America Pool, 51

XL Capital Assurance Inc., 63

XL Insurance (Bermuda), 63

XL Re Latin America, 63

XL Re Ltd, 63

XL Reinsurance America, 51, 63

XL Reinsurance America Inc., 51, 63

Zurich Financial Services, 32, 38, 50, 59, 67

Zurich Financial Services Group, 38, 59

Zurich Insurance Company, 43

Zurich Life, 32, 56

Zurich Specialties London, 60