Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Florida Regulators Allow Bermuda Reinsurer to Operate with Reduced Capital
Dec 15 2011 // Florida has added one more name to the growing list of offshore reinsurers who can do business in the state under a new law allowing them to reduce their capital and collateral requirements. The Florida Office of Insurance...
Best Places Ratings of First Sealord Surety Under Review/Negative
Dec 13 2011 // A.M. Best Co. has placed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Penna.-based First Sealord Surety, Inc. (FSSI) under review with negative...
Anderson Joins Advocate Reinsurance Partners
Dec 13 2011 // Advocate Reinsurance Partners LLC, a privately owned reinsurance intermediary firm headquartered in Dallas, has added Cory Anderson as a partner. Anderson has worked in the reinsurance sector for more than a decade. He was...
Report Says M&A Deal Flow Will Pick Up, Lists Potential Candidates
Dec 13 2011 // The insurance industry is likely to see more robust mergers-and-acquisitions activities in 2012, according to a New York investment and research firm. In 2011, the M&A deal volume started off relatively slowly,...
Aon Benfield Report Analyzes Financial Impact of Catastrophes on Reinsurers
Dec 8 2011 // The Aon Benfield Analytics’ Market Analysis team has published the latest edition of its Aon Benfield Aggregate (ABA) report, which assesses the financial performance of 28 of the world’s leading reinsurers in...
Aon Benfield Reports China Reinsurance Premiums up 70% since 2005
Dec 5 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has launched its China Property & Casualty Insurance and Reinsurance Market Report, which,” it said “reveals the...
Insurers Bracing for Thai Flood Claims at More Than $10B
Dec 5 2011 // Insurers are bracing themselves for claims in excess of $10 billion after floods in Thailand disabled major foreign-owned manufacturing operations there, adding to an already record-breaking natural catastrophe bill this...
People
Dec 5 2011 // The Independent Insurance Agents and Brokers of America (Big “I”) recently presented Caliper Corp.’s founder and CEO Herb Greenberg with its chairman’s award. Greenberg was presented with the award...
DUAL Starts Specialty Reinsurance Business
Dec 2 2011 // DUAL Corporate Risks has launched Tamesis DUAL, a specialty excess-of-loss reinsurance business with capacity from Lloyd’s. Tamesis DUAL will access global clients writing a specialty excess-of-loss account. This...
Allied World to Write Reinsurance in Malayasia
Dec 1 2011 // Allied World Assurance Co. Ltd said it will commence writing reinsurance business in Malaysia from its Labuan branch. The official operating license was granted in July 2011 and will allow Allied World to write all classes...
Hendrick to Succeed Duclos as Head of XL Group’s Insurance Unit
Nov 30 2011 // Global insurer and reinsurer XL Group plc said that Greg Hendrick will become chief executive of XL’s insurance segment upon the retirement of Dave Duclos, the current insurance head. Hendrick, currently XL’s...
Best Affirms Hiscox and Operating Companies ‘A’ Ratings; Outlook Stable
Nov 28 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Hiscox Insurance Company (Bermuda) Limited,...
Insurers Bracing for Thai Flood Claims over $10 Billion
Nov 21 2011 // Insurers are bracing themselves for claims in excess of $10 billion after floods in Thailand disabled major foreign-owned manufacturing operations there, adding to an already record-breaking natural catastrophe bill this...
Best Affirms Arab Re’s Ratings; Outlook Revised to Stable
Nov 18 2011 // A.M. Best Europe – Rating Services Limited has revised the outlook to stable from positive and affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Arab...
Catlin, China Re Announce Strategic Partnership; New Lloyd’s Syndicate
Nov 18 2011 // Catlin Group Limited has announced the formation of a strategic partnership with China Reinsurance (Group) Corporation (China Re) that will result in the establishment of a special purpose syndicate at Lloyd’s of...
Fitch Affirms Everest Re’s Ratings; Outlook Stable
Nov 17 2011 // Fitch Ratings has affirmed the ratings of Everest Re Group, Ltd.’s debt-issuing holding company, Everest Reinsurance Holdings, Inc. and its subsidiaries. “Everest’s debt ratings are only one notch lower...
Aon Benfield Launches Updated UK Terrorism Cat Model
Nov 15 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., announced that it has updated its UK terrorism catastrophe model, which now “estimates the financial loss to life insurers from...
Johnson Brothers Head Towers Watson Reinsurance Office in North Carolina
Nov 15 2011 // In a move that expands its reinsurance brokerage business in the Southeast, global professional services company Towers Watson has established a brokerage operation in the Burlington-Greensboro, North Carolina...
FERMA Pushes Brazil to Relax Reinsurance Regulatory Restrictions
Nov 14 2011 // The Federation of European Risk Management Associations (FERMA) announced that it has sent “specific recommendations to the Brazilian insurance regulator SUSEP to limit the impact of regulations 225 and 232 on market...
Munich Re Posts $400 Million Q3 Profit in a ‘Difficult’ Year
Nov 8 2011 // Munich Re announced third-quarter profit “in a difficult environment” of €290 million [$400 million], compared to €761 million [$1.05 billion] in Q3 2010. The world’s largest reinsurer singled out the...
