Latest Reinsurance Headlines

Danish Regulators Select U.S. RE for Terrorism Risk Capacity Study

Sep 22 2010 // U.S. RE ApS, the European subsidiary of U.S. RE Corporation, international reinsurance brokers, has been selected by Finanstilsynet, the Danish financial Supervisory Authority, to conduct a study of terrorism risk...

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Sep 20 2010 // Scott Brock was appointed CEO of Dallas-based Goss Reinsurance Brokers Inc., the reinsurance brokerage division of U.S. Risk Insurance Group Inc. Brock will work with Chris Turner, president of Goss Re, to provide focused,...

Sep 20 2010 // U.S. P/C Reinsurers’ Premiums Decrease $12.8B in First Half of 2010 A group of 19 U.S.-based property/casualty reinsurers wrote $12.3 billion of net premiums during the six-months ended June 30, 2010, a decrease from...

S&P Sees No Effect on Endurance Ratings from Glacier Re Acquisition

Sep 16 2010 // Standard & Poor’s Ratings Services announced that its ratings on Bermuda-based Endurance Specialty Holdings Ltd. – currently ‘BBB+’ with a stable outlook – and its operating subsidiaries...

P/C Insurers Post First Half Profit Despite Underwriting Losses

Sep 16 2010 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.5 billion in first-half 2010 from $6 billion in first-half 2009, with insurers’ overall profitability as measured by their annualized...

Best Affirms Ratings of Lloyd’s Syndicate 510 and Kiln Group Limited

Sep 15 2010 // A.M. Best Europe – Rating Services Ltd has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 510, which is...

XL Looks Cheap; Bermuda Ties May Attract Offers

Sep 15 2010 // It’s cash-rich, led by a CEO with political aspirations, and was last year’s top S&P 500 performer. Pressured by soft pricing and slow premium growth, (re)insurer XL Group is also undervalued, analysts say,...

Towers Watson: New Risks, Regulations Reshape Reinsurance Industry

Sep 13 2010 // The growing complexity of reinsurance markets in recent years has increased demands on reinsurance buyers and radically transformed the industry, says Towers Watson. Changes such as complex market data, Solvency II...

Aon Benfield Appoints Van Slooten to Head International Research Team

Sep 9 2010 // Aon Benfield has appointed Mike Van Slooten as head of the International Research team, which monitors and analyzes reinsurers and market trends. He will be responsible for “organizing market security and research...

Best Reports Healthy Earnings ‘Mask Challenges’ for Global Reinsurers

Sep 9 2010 // A special report from A.M. Best concludes that “robust earnings reports mask challenges ahead for the global reinsurance industry: a convergence of market pressures, low interest rates and tightening financial and...

S&P Examines Reinsurers Reconsideration of Domicile Decisions

Sep 9 2010 // Global reinsurance companies are reconsidering their choices of corporate domicile, according to a new report from Standard & Poor’s Ratings Services, titled “Choosing A Domicile Remains A Hot Topic For...

S&P Examines Effects Of Chilean Earthquake on Reinsurers

Sep 9 2010 // A study published by Standard & Poor’s Ratings Services – entitled: “Reinsurers Foot The Bill For Chilean Earthquake Losses” – indicates that the global reinsurance industry has...

Reinsurers Under Pressure from Low Premiums, Catastrophes: Fitch

Sep 1 2010 // The reinsurance sector is vulnerable to a significant insured loss from the Atlantic storm season as their reserve capital has been used to offset low premiums, Fitch Ratings said, as Hurricane Earl threatens to hit...

U.S. P/C Reinsurers’ Premiums Decrease $12.8B in First Half of 2010

Sep 1 2010 // A group of 19 U.S.-based property/casualty reinsurers wrote $12.3 billion of net premiums during the six-months ended June 30, 2010, a decrease from the $12.8 billion net premiums written in the first six months of...

Endurance Appoints Falcon as Head of Reinsurance for Latin America

Aug 30 2010 // Bermuda-based Endurance Specialty Holdings announced that Arturo E. Falcon has joined Endurance Worldwide Reinsurance to lead the expansion of Endurance’s global reinsurance portfolio in the Latin American market. He...

Best Affirms ‘A++’ Ratings of French Gov’t. Reinsurer Caisse Centrale

Aug 30 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A++’ (Superior) and issuer credit rating of “aa+” of French government backed reinsurer Caisse Centrale de Réassurance (CCR), both...

Travelers Wins $262M Asbestos Reinsurance Judgment

Aug 25 2010 // Travelers Insurance has won a $262 million judgment against a group of reinsurers that refused to pay a portion of a nearly $1 billion settlement in asbestos claims the insurer paid in 2002. The award by a New York Supreme...

Goss Re Names Brock as CEO; Fox as VP, Senior Broker

Aug 19 2010 // Scott Brock has been appointed as CEO of Goss Reinsurance Brokers Inc., the reinsurance brokerage division of U.S. Risk Insurance Group Inc. Brock will work with Chris Turner, president of Goss Re, to provide highly...

Best Affirms MAPFRE RE’s A+ Ratings; Outlook Negative

Aug 17 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Spain’s MAPFRE RE, Compania de Reaseguros, S.A., but bothratings have negative...

Swiss Re Shuns Low-Margin Accounts; Weighs Where to Deploy Capital

Aug 6 2010 // Swiss Re would return capital to shareholders rather than underwrite low-margin business, its chief financial officer told Reuters, in a sign of confidence in the world’s second-biggest reinsurer’s renewed...