Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Grinnell Mutual Promotes Menary, Eaves
Sep 10 2012 // Jeff Menary has been named vice president of Reinsurance at Grinnell Mutual Reinsurance Co., located in Grinnell, Iowa, and Kurt Eaves has been named vice president of Direct Underwriting/Production. Both position changes...
Missouri Increases Reinsurance Requirement for Mutual Companies
Sep 10 2012 // State regulators say mutual insurance companies that provide property coverage to rural Missourians will be financially stronger because of a new reinsurance requirement. Missouri Department of Insurance reports that a new...
P/C Insurers Show Improved Results Mid-Year: Fitch
Sep 10 2012 // U.S. property/casualty insurers’ operating performance improved significantly in the first half of 2012, according to Fitch Ratings. The aggregate combined ratio of 47 publicly traded property/casualty (re)insurers...
Analysis: Florida’s Insurers, Reinsurance and Catastrophic Storms
Sep 10 2012 // Since 1996, Demotech has rated most of the homegrown Florida domiciled insurers. Our efforts have focused on the assignment of Financial Stability Ratings® (FSRs) to all financially stable insurers, start-ups as well as...
W. R. Berkley Names President of Facultative Resources in Connecticut
Sep 7 2012 // W. R. Berkley Corp. has appointed Joseph Sullivan as president of Facultative Resources Inc. He is based in Stamford, Connecticut. Facultative Resources is a broker market casualty, professional liability and property...
Best’s Global Reinsurance Market Review Analyzes Top 50, Capital, Ratings
Sep 5 2012 // A.M. Best has published a review of the international reinsurance market, which analyzes the performance of the largest reinsurers (rated by gross premiums written). Although the figures – based on 2011 – do not...
Moody’s Maintains Stable Outlook on Global Reinsurance Industry
Sep 5 2012 // Moody’s Investors Service has maintained a stable outlook for the global reinsurance industry. Moody’s said the outlook “expresses our expectations for the fundamental credit conditions in the industry...
Global Reinsurer Capital Reaches $480 Billion: Aon Benfield Study
Sep 5 2012 // The latest edition of the Aon Benfield Aggregate (ABA) report, which analyzes the financial position of the world’s leading reinsurers for the first half of 2012, concludes that “global reinsurer capital...
Schmelz Joins Edwards Wildman as a Partner in Insurance and Reinsurance
Sep 4 2012 // The law firm of Edwards Wildman Palmer LLP named Ronie M. Schmelz a partner in the firm’s insurance and reinsurance department. She will divide her practice between the firm’s offices in Los Angeles and New...
UPDATE: Validus’ Flagstone Re Buy Examined
Aug 31 2012 // Reinsurer Validus Holdings Ltd said it will buy Flagstone Reinsurance Holdings for about $600 million in cash and stock to boost its property reinsurance business. The deal comes after Validus unsuccessfully tried to buy...
Validus to Buy Flagstone Re for $600 Million in Cash and Stock
Aug 30 2012 // Reinsurer Validus Holdings Ltd said it will buy Flagstone Reinsurance Holdings for about $600 million in cash and stock to boost its property reinsurance business. The deal comes after Validus unsuccessfully tried to buy...
GJS Re Opens Facultative Reinsurance Unit; Threlfall to Lead
Aug 29 2012 // G.J. Sullivan Co. Reinsurance (GJS Re) has launched GJS Re Facultative to focus on providing quality property facultative reinsurance to select insurance company clients on a nationwide basis. John W. Threlfall joins GJS...
Orlich Joins American Safety Reinsurance Bermuda
Aug 27 2012 // Michael Orlich has joined Bermuda-based American Safety Reinsurance Ltd. (ASRe) as a Casualty Underwriter to assist in the expansion of the reinsurer’s casualty portfolio. He has over 15 years of experience in the...
XL Group Names Fisher to Lead Canadian Reinsurance Operations
Aug 27 2012 // XL Group plc’s reinsurance operations in Bermuda announced the appointment of Tim Fisher as Senior Vice President & Canadian Branch Manager. He reports to Managing Director & Head of Casualty Reinsurance in...
P/C Insurers Show Improved Results Mid-Year: Fitch
Aug 24 2012 // U.S. property/casualty insurers’ operating performance improved significantly in the first half of 2012, according to Fitch Ratings. The aggregate combined ratio of 47 publicly traded property/casualty (re)insurers...
N.Y.-Based Reinsurer Southport Re Appoints Chief Actuarial Officer
Aug 23 2012 // Southport Lane, a New York-based private equity firm, has appointed Jim McNichols as chief actuarial officer of its reinsurance group, Southport Re. In this new position, McNichols will be responsible for supporting...
Crop Insurers Could Face First Overall Loss in 10 Years: Moody’s
Aug 23 2012 // Record-setting droughts in the U.S. Midwest throughout 2012 are likely to result in substantial gross insured losses for crop insurers and reinsurers and possibly their first overall loss in 10 years, says Moody’s...
Florida Keys’ Citizens Look to Lower Islands’ Risk Profile, Rates
Aug 23 2012 // Frustrated by rising premiums, reduced coverage and a single market, citizens and officials in the Florida Keys are hoping to convince catastrophe modelers, insurers and reinsurers that their islands are not as big a risk...
Fitch Notes Reinsurers More Risk-Focused For More Asian Catastrophes
Aug 23 2012 // Fitch Ratings has issued a statement which points out that the “spate of Asia-Pacific catastrophes in the past two years have prompted reinsurers to take stock of their existing portfolio and re-evaluate their...
Bill to Align California with Dodd-Frank Passes Legislature
Aug 21 2012 // The California State Legislature has passed Senate Bill 1216, which aligns California law with the Dodd-Frank Wall Street Reform and Consumer Protection Act, with unanimous support. SB 1216 was authored and carried by Sen....
