Latest Reinsurance Headlines

All the headlines from our Reinsurance Topic Page, ordered by recency.

Best Affirms Munich Re, Subsidiaries, Munich Re America ‘A+’ Ratings

Oct 28 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company and its subsidiaries. Best also affirmed all...

Munich Re: ‘Uncertainty,’ Economic Crisis, Challenge Re/insurers

Oct 25 2011 // A bulletin from Munich Re names the “sovereign debt crisis in Europe and the USA, a sustained phase of low interest rates and heavy natural catastrophe burdens,” as well as general uncertainty in the...

Best’s Managing Director-Europe: Solvency II is Coming to an Insurer near You

Oct 24 2011 // Stefan Holzberger, A.M. Best’s managing director-analytics, recently moved to London from the U.S. He is well placed to analyze the impact of the European Union’s Solvency II regulations, not only on the...

Best Affirms Lloyd’s Syndicate 2010, Cathedral Capital Ratings

Oct 18 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2010, which is managed by...

Bermuda Re/Insurers Announce Q3 Cat Loss Estimates

Oct 17 2011 // A number of Bermuda-based re/insurers have announced their respective loss estimates for the third quarter of 2011. The figures given include loss adjustment expenses, and are net of any applicable reinsurance recoveries,...

California Rep. Bill Would Lower Earthquake Insurance Costs

Oct 17 2011 // California’s U.S. Rep. John Campbell (R) recently introduced legislation similar to a bill introduced by U.S. Sen. Dianne Feinstein (D) earlier this year that would strengthen the nation’s natural disaster...

Best Affirms QBE’s US Subsidiaries Ratings; Upgrades North Pointe

Oct 13 2011 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a+” from “a-” of Harrisburg,...

Endurance Appoints Lamer to Head U.S. Property Cat Treaty Reinsurance

Oct 13 2011 // Bermuda-based Endurance Specialty Holdings Ltd announced that Rene Lamer will assume the role of Senior Vice President and Head of U.S. Property Catastrophe Treaty Reinsurance. He is a Bermuda citizen, and will continue to...

ACE Tempest Re Appoints Mardon Division President of Bermuda Operations

Oct 13 2011 // ACE Tempest Re Group has appointed Tim Mardon as Division President of ACE Tempest Re Bermuda. He will have responsibility for all operating aspects of the company’s Bermuda-based property and casualty reinsurance...

Huxley and Chang Join Lockton Reinsurance Operations in California

Oct 12 2011 // Lockton has added two reinsurance brokers to its Lockton Re team in downtown Los Angeles, Calif. Allan Huxley has been named managing director of Lockton Re and Olive Chang has been named senior vice pesident of Lockton...

Best Affirms Sirius International Ratings

Oct 11 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A” (Excellent) and the issuer credit rating (ICR) of “a” of Sirius International Insurance...

California Rep Introduces Earthquake Insurance Affordability Act in House

Oct 7 2011 // California’s U.S. Rep. John Campbell (R-48), who today introduced H.R.3125 – companion legislation to S.637 introduced by U.S. Sen. Dianne Feinstein earlier this year.  Both bills would strengthen the...

Lloyd’s Enters Florida Reinsurance Market Under Reduced Capital Rule

Oct 7 2011 // Florida has added its first reinsurer from the United Kingdom to a list of reinsurers taking advantage of a state law that reduces reinsurers’ capital requirements. In an effort to attract more private capital to the...

FERMA’s President on the Risk Managers’ Role, Transparency, Innovation

Oct 6 2011 // Peter den Dekker has been a busy man. However, the President of the Federation of European Risk Management Associations* (FERMA) took time out to talk to the IJ on the expanding role risk managers are playing in these...

N.Y.-based U.S. RE Hires Reinsurance Veteran Polkinghorne

Oct 5 2011 // Global reinsurance broker U.S. RE Corp. has appointed reinsurance veteran Scott Polkinghorne as senior vice president. He will be based at the company’s headquarters in Pearl River, N.Y. Polkinghorne is a reinsurance...

California Earthquake Authority Inks Risk Deal Sans Reinsurance

Sep 30 2011 // The California Earthquake Authority (CEA) has completed what it called a “first-of-its-kind transaction,” taking reinsurance out of the equation and opening “a more direct path” to transfer...

Best Downgrades, Places on Review Ansvar Insurance (New Zealand) Ratings

Sep 29 2011 // A.M. Best Co. has downgraded the financial strength rating to ‘B++’ (Good) from ‘A-‘ (Excellent) and issuer credit rating to ‘bbb’ from ‘a-‘of Ansvar Insurance Limited (New...

Aon Benfield: Reinsurers Expected to Pay 2/3 of Australia, NZ Cat Losses

Sep 29 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has issued a bulletin indicating that Australian and New Zealand insurers, who were hit with “catastrophic events” in 2010 and...

Best Upgrades Greenlight Re’s Ratings to ‘A’; Outlook Stable

Sep 27 2011 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to ‘a’ from ‘a-‘ of Cayman...

Best Special Report: Finds Strong Reinsurance Demand in Middle East, No. Africa

Sep 27 2011 // A newly issued special report from A.M. Best notes that although the “reinsurance environment in the Middle East and North Africa (MENA) region is stagnant in many aspects, it also contains many elements that are in...