Outook for firm stable, says S&P
Plans to merge Corifrance with Riverstone
Change reflects planned US$300 million equity issue
Blames losses related to Florida hurricanes
Bulk of losses recorded by OdysseyRe and Crum & Forster
Pegs initial estimate between US$35 million and US$40 million
Revenues slip 12%
Nets $146 million from selling 12% stake
U.S. rates remain at 46-year low of 1%
Look for better balance among fund categories: CMFA