Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Armour Re Selects Barker to Serve as U.S. Subsidiary President
Feb 10 2010 // Bermuda-based Armour Reinsurance Group Holdings Limited announced the appointment of Katherine Barker as President of its US subsidiary, Armour Risk Management Inc. and group vice president. Armour Risk is the...
Kessler Appointed President at ACE Westchester
Feb 8 2010 // ACE Westchester, the Philadelphia-based wholesale-focused P/C operation of the ACE Group, has appointed Bruce Kessler as president of ACE Westchester Casualty and Specialty Lines. Based in Atlanta, Kessler will have...
Aon Warns on Political, Financial Risks; Berkshire Bets a Billion on Munich Re; IPCC Defends Climate Change Report; Frau
Feb 7 2010 // Aon Risk Services 17th Political Risk Map highlights continued political and financial instability for global business in 2010, closely linked to the ongoing recession in many parts of the world. “Rising risk levels...
Strunden Joins U.S. RE ApS; Skafte Promoted to VP
Feb 4 2010 // Mark Lucas, Managing Director of U.S. RE ApS, announced that Ruslana Strunden, an actuary with extensive experience in non-life insurance and reinsurance, has joined the Company as a Vice-president, and that Henrik Skafte...
Best Assigns ‘A’ Ratings to Starr International Insurance (Asia)
Feb 3 2010 // A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating (ICR) of “a” to Hong Kong–based Starr International Insurance (Asia) Limited – both...
Munich Re to Post $3.57 Billion 2009 Profit; 95.3% Combined Ratio
Feb 2 2010 // Munich Re announced that according to its “preliminary calculations” consolidated profits increased “significantly” in 2009 to €2.56 billion [$3.57 billion, compared to €1.58 billion [$2.2...
Buffett’s Berkshire Amasses $1 Billion Stake in Munich Re
Jan 27 2010 // Munich Re posted a statutory notice on Tuesday announcing that Berkshire Hathaway’s stake in the company rose to 3.045 percent on January 18, just above the level at which such holdings must be...
New York Sees Promise in Own London-Like Market
Jan 24 2010 // But Skeptics Question Timing for Revival of U.S. Insurance Exchange A recently announced plan by New York’s governor to boost his state’s financial services industry by recreating the New York Insurance...
A.M. Best Reports Reinsurers See Orderly, But Soft, January Renewals
Jan 24 2010 // January renewals showed signs of softening as reinsurers benefited from improved financial markets plus a lack of natural catastrophe claims in 2009. The three largest global reinsurance brokers – Aon Benfield, Guy...
Tragedy in Haiti; XL Moves to Ireland; NYC Exchange Doesn’t Worry London; WEF Prepares for Davos
Jan 24 2010 // The tragedy in Haiti is a reminder of how fragile life can be in developing countries.Despite the massive loss of life and widespread destruction in and around the capital Port-au-Prince, vital rescue efforts have been...
Swiss Re in $1.268 Billion Deal with Berkshire Hathaway Life Insurer
Jan 19 2010 // Swiss Re has concluded an agreement with Berkshire Hathaway Life Insurance Company of Nebraska to cede, a “closed block of yearly renewable term individual life reinsurance business, written prior to 2004.” The...
Best Affirms Aspen’s ‘A’ Ratings
Jan 19 2010 // A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK), Bermuda-based Aspen Insurance Limited...
XL to Move Corporate Domicile to Ireland
Jan 19 2010 // The struggling Irish economy heard some good news last week when XL announced that it is moving its place of incorporation to the Emerald Isle from the Cayman Islands, and will rename the company XL Group plc. Many of its...
Grinnell Mutual Names Crawford President and CEO
Jan 14 2010 // Steve Crawford has been named president and chief executive officer at Grinnell Mutual Reinsurance Company located in Grinnell, Iowa. For the past two years, Crawford has served as the company’s chief operating...
Best Reports Reinsurers See Orderly, but Soft, January Renewals
Jan 11 2010 // January renewals showed signs of softening as reinsurers benefited from improved financial markets plus a lack of natural catastrophe claims in 2009, according to the latest issue of BestWeek U.S./Canada. The three largest...
Most Property Reinsurance Rates Down at January Renewal As Capital Rebounds
Jan 10 2010 // Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co. LLC. Guy Carpenter’s World Catastrophe Rate on Line (ROL)...
Lockton Re Adds Executives in Kansas City and New York
Jan 8 2010 // Privately owned, independent reinsurance brokerage Lockton Re has expanded its presence in the United States with the appointments of three new executives – Larry Hunter-Blank, Joe Zuk and Scott D. Polkinghorne at...
Most Property Reinsurance Rates Down at January Renewal As Capital Rebounds
Jan 5 2010 // Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co., LLC. Guy Carpenter’s World Catastrophe Rate on Line...
Ryland Named Armour Re Sr. VP
Jan 4 2010 // Bermuda-based Armour Reinsurance Group Holdings Limited announced the appointment of Steve Ryland as Senior Vice President of the Group. His experience is in the areas of insurance run-off and the provision of services to...
Willis Re January Renewal Report Finds ‘Disciplined Softening’ in Market
Dec 31 2009 // “Orderly Softening” is the title of the latest edition of Willis Re’s “1st View.” The reinsurance division of Willis Group Holdings publishes the market review three times each year, examining...
