Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Willis Provides Expertise to UK Government Report on Cat Models/Risk Reduction
Nov 28 2012 // A bulletin from Willis Group Holdings notes the international broker’s role in providing its expertise for a new UK Government Office of Science Foresight report entitled “Reducing the Risks of Future...
Best Assigns ‘A’ Ratings to Qatar Insurance SAQ and Main Subs
Nov 27 2012 // A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” to Qatar Insurance Co SAQ (QIC) and its main subsidiaries:...
Senior Reinsurance Execs to Join Q-Re in Establishing ‘Global Franchise’
Nov 20 2012 // Q-Re, a subsidiary of Qatar Insurance Company (QIC), headquartered in Doha, Qatar, announced additions to a team of senior reinsurance underwriters and professionals who “will drive the establishment of the...
Best Affirms Torus Group Ratings; Outlook Stable
Nov 19 2012 // A.M. Best Europe – Ratings Services Limited has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Torus Insurance (Bermuda) Limited, Torus...
Q&A With ELANY Executive Maher on Surplus-Lines Industry’s Resiliency
Nov 16 2012 // The Excess Line Association of New York (ELANY) plays a vital role for New York’s surplus-lines industry. The group, a non-profit advisory association created by the New York statute in 1988, is charged with the duty...
Reinsurers’ Capital Can Absorb Sandy Losses Below $50 Billion: S&P
Nov 14 2012 // Standard & Poor’s Ratings Services said that the reinsurance sector’s strong capital and very strong earnings thus far in 2012 will allow it to withstand losses well outside the range of current insured...
Q&A With Attorneys on Emerging Business Insurance Topics
Nov 13 2012 // As companies large and small grapple with losses in Sandy’s aftermath, a number of critical — and costly — business questions have emerged. Darlene Alt and Robert DiUbaldo, two experienced insurance...
Superstorm Sandy Stress Scenarios Won’t Impact Insurer Ratings: Fitch
Nov 8 2012 // Even an extreme $40 billion scenario for property/casualty insurance industry losses from Hurricane Sandy would not drive material rating changes for insurers, analysts at Fitch Ratings said today. In a report providing a...
Canopius’ Chief Inga Beale Stresses ‘Client Focus’ for European Success
Nov 8 2012 // Lloyd’s has a good reputation in Europe, but managing agents need to become more client focused to be successful on the continent, explained Inga Beale, Group Chief Executive at Canopius Group Ltd. in an article on...
Integro’s ReSource Intermediaries Unit Hires Senior VP in N.Y.
Nov 7 2012 // ReSource Intermediaries, a unit of N.Y.-based brokerage Integro, hired Beth Turbitt as senior vice president. Turbitt, who is based in the New York office, has been a consulting broker at ReSource Intermediaries for the...
Munich Re Raises 2012 Profit Forecast on Stronger 9-Month Results
Nov 7 2012 // Munich Re said it expects a higher consolidated result for 2012 than previously envisaged. Following a profit of €2.7 billion [$3.47 billion] for the first nine months of 2012 (same period last year: €80 million...
Aon Benfield Launches Swiss Flood Model w/ Latest Hazard Data
Nov 6 2012 // Aon Benfield, Aon’s global reinsurance intermediary and capital advisor, has launched a new flood model for Switzerland and Lichtenstein to quantify financial losses caused by riverine and lake...
Sandy Losses Within Hurricane Models, Manageable: Reinsurer Hiscox
Nov 5 2012 // Superstorm Sandy won’t put insurers’ finances under severe strain, and may allow them to push through a profit-boosting rise in prices next year, Hiscox , the biggest London-listed reinsurer, said on...
The Arbitration Trap
Nov 5 2012 // For decades now, your company has reinsured a substantial portion of its risk under reinsurance contracts (treaties) negotiated by executives who retired long ago. But just a few years ago, your reinsurer – now in...
Bermuda’s SAC Re Adds 4 to Property Reinsurance, Finance, Risk Management Teams
Nov 1 2012 // S.A.C. Re Ltd. has filled several key management posts in its property reinsurance, finance and risk management teams. Kathleen Reardon has joined Bermuda’s SAC Re as chief underwriting officer for Property, and will...
Hurricane Sandy Losses Should Not Affect Most Insurer Ratings or Premiums: S&P
Oct 31 2012 // Standard & Poor’s Ratings Services said it expects Hurricane Sandy to have only limited impact on the ratings on U.S. property/casualty insurers, global reinsurers, and certain catastrophe bonds. Although it...
Canada’s Manulife Says Reinsurace Exposure to Hurricane Sandy ‘Manageable’
Oct 31 2012 // Toronto-based Manulife Financial, one of North America’s largest insurers, said its exposure to Hurricane Sandy was manageable and within its risk tolerance. The company, based in Toronto, is primarily a life...
Hurricane Sandy Unlikely to Trigger Payouts from Catastrophe Bonds
Oct 30 2012 // Investors who have put their money into specialist financial bonds which cover insurance companies from huge natural disasters are unlikely to be hit with big losses from monster storm Sandy even though it is one of the...
Broker Southwest Risk: Dispute with Allied World Settled
Oct 29 2012 // Insurance broker Southwest Risk LP, based in Dallas, announced it has settled a dispute with Allied World Assurance Co. The announcement released by Southwest Risk did not elaborate on the nature of the dispute but Allied...
Argo International’s Lloyd’s Syndicate Adds Casualty Treaty Reinsurance Class
Oct 24 2012 // Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, will expand its offerings in the international casualty marketplace to include treaty reinsurance...
