Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Best Affirms Amlin AG’s ‘A’ Ratings
Dec 17 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Swiss-based Amlin AG, a reinsurance subsidiary of...
Aon Benfield Releases Annual Cat Report; Insured Losses at $38 Billion
Dec 17 2010 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, has released its Annual Global Climate and Catastrophe Report, which reviews the natural disaster perils that occurred worldwide...
Allied World Reinsurance U.S. Launches Global Marine, Specialty Division
Dec 15 2010 // Allied World Reinsurance has launched a global Marine and Specialty Division that will initially offer reinsurance for marine, aviation, satellite and crop reinsurance on a global basis. Allied World Re U.S. has appointed...
Catlin Re Switzerland Receives Approval from Swiss Regulators
Dec 8 2010 // Catlin Group Limited, the international specialty property/casualty insurer and reinsurer, announced that its reinsurance subsidiary, Catlin Re Switzerland Ltd. has received approval from the Swiss Financial Market...
Donegal Group Inc. Acquires Michigan Insurance Co.
Dec 7 2010 // Donegal Group Inc. announced that it had completed the acquisition of Michigan Insurance Co., which was formerly a majority-owned subsidiary of West Bend Mutual Insurance Co. The final purchase price will be calculated...
P/C Insurers, Reinsurers Put Positive Spin on Federal Regulatory Role
Dec 6 2010 // The federal government’s new role in insurance regulation poses significant challenges and opportunities for the insurance industry, according to insurer trade group executives. The establishment of the Federal...
Guy Carpenter Survey: Program Administrators Say Business Stable But Less Profitable
Dec 5 2010 // The current insurance program market is mature and stable, with business estimated at $20 billion, but profitability may be declining, according to a new survey of program administrators (PA) and managing general agents...
ReSource Intermediaries Acquires Reinsurance Advisory Services
Dec 3 2010 // ReSource Intermediaries Inc. has acquired San Francisco-based Reinsurance Advisory Services Inc. (RAS). Financial details of the transaction were not disclosed. RAS, a risk advisor and reinsurance intermediary focused on...
A.M. Best Upgrades Wisconsin’s 1st Auto & Casualty Insurance Co.
Dec 1 2010 // A.M. Best Co. has upgraded the financial strength rating (FSR) to B++ (Good) from B+ (Good) and issuer credit rating (ICR) to “bbb” from “bbb-” of 1st Auto & Casualty Insurance Company (1st...
DIMA Clarifies S&P Ratings Bulletin on Ireland Debt, Re/insurers
Nov 30 2010 // Dublin International Insurance & Management Association (DIMA), the representative body for the international re/insurance industry in Ireland, announced that it has “been in contact with rating agency Standard...
Cooper Gay Restructures Marine Reinsurance Team
Nov 29 2010 // Cooper Gay, the UK-based independent global wholesale broker, which combined with Swett & Crawford in July, has restructured its London based marine and energy reinsurance team to target continuing growth in market...
Aon Benfield Launches New ‘ReMetrica’ Model for Solvency II
Nov 29 2010 // Aon Benfield’s London office announced the launch of its new Solvency II-focused version 5 of ReMetrica, its dynamic financial analysis tool for capital modeling. ReMetrica has evolved to help re/insurers meet the...
Newly Formed Aliseo Re Enters Global Retrocession Market
Nov 24 2010 // Barbados-based Aliseo Reinsurance SCC announced its entry into the global retrocession market with an initial capitalization of $300 million. Aliseo Re said it would “operate as a monoline retrocessionaire focusing...
RatingsRounup: Allied World (Notes), ZEP-Re, Evergreen Re
Nov 22 2010 // A.M. Best Co. has assigned a debt rating of “bbb” to the recently issued $300 million 5.5 percent senior unsecured notes due 2020 of Bermuda-based Allied World Assurance Company Holdings, with a stable outlook....
Reinsurance Broker UIB Asia to Use AIR Catastrophe Models
Nov 17 2010 // Boston-based AIR Worldwide announced that UIB Asia Reinsurance Brokers Pte Ltd, a subsidiary of UIB International/UIB Holdings UK Ltd, has licensed AIR’s catastrophe risk management systems. “UIB is an...
Ireland’s Re/Insurers Not Seriously Affected by Financial Crisis
Nov 17 2010 // Even though Ireland’s financial crisis continues to make headlines, it’s not by any means a national meltdown, and it doesn’t appear to pose a threat to any of the re/insurance companies and brokers, who...
Lloyd’s New Director of North America, McGovern, Navigates Turbulent Waters
Nov 14 2010 // Addressing Changes in EU and U.S. Regulations; North American Lloyd’s Reorganization Sean McGovern, Lloyd’s general counsel and, since February 2010, the director of Lloyd’s North America, may still have...
Program Business Stable But Less Profitable: Guy Carpenter Survey
Nov 12 2010 // The current insurance program market is mature and stable, with business estimated at $20 billion, but profitability may be declining, according to a new survey of program administrators and managing general...
Aon Warns Re/insurers of Heightened Rating Agency Scrutiny in Asia
Nov 11 2010 // Aon Benfield announced that it is “advising re/insurers that rating agencies are likely to increase their scrutiny of catastrophe risk in Asia and that many companies will have to make substantial investments to...
Best Affirms Hiscox Operating Companies ‘A’ Ratings; Outlook Stable
Nov 10 2010 // 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)...
