Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
U.S. Risk Opens New Reinsurance Broker Goss Re
Dec 31 2009 // U.S. Risk Insurance Group Inc., based in Dallas, Texas, has expanded into the specialty reinsurance brokerage marketplace. Goss Reinsurance Brokers Inc. will operate as a specialty reinsurance broker for medium to small...
Captives Fuel Growth and Income for Agency Owners
Dec 30 2009 // In times like these, where the insurance industry is now in its fifth year of a soft market, the use of an agency captive insurance company can spark both revenue and profits to improve an agency’s overall financial...
P/C Industry’s Net Income Up; Combined Ratio at 100.7 for Q3
Dec 22 2009 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.2 billion through nine-months 2009, partially recovering from the 91.2 percent decline to $4.4 billion through nine-months 2008 from $49.6...
Trends For Insurance Industry To Watch…
Dec 20 2009 // The PricewaterhouseCoopers report suggests that successful insurers will be those that carefully weigh the following considerations: Consolidation: The U.S. insurance market remains highly fragmented, and the strong...
2009 P/C Insurance Mergers, Acquisitions Large and Small
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Six Factors Create Volatility in Calif. Workers’ Comp Insurance Market
Dec 18 2009 // “Since insurance rates were partially deregulated in 1995, the California workers’ compensation insurance market has been very volatile. For reasons that go beyond price deregulation, there have been dramatic...
Best Affirms Lloyd’s Syndicate 570 & 609 ‘A’ Ratings
Dec 16 2009 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicates 570 and 609, which are both managed by Atrium...
Best Affirms Arch Re and Affiliates ‘A’ Ratings; Stable Outlook
Dec 16 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Bermuda-based Arch Reinsurance Ltd. and its reinsured affiliates. Best...
Best Affirms Swiss Re and Subs ‘A’ Ratings; Outlook Stable
Dec 15 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Swiss Reinsurance Company Ltd. and its subsidiaries. Best also affirmed...
Bermuda Study Calls Ocean Chemistry ‘Smoking Gun’ of Climate Change
Dec 10 2009 // The Bermuda Institute of Ocean Sciences (BIOS) recently released a study of the oceans surrounding Bermuda, which, it said, “are arguably the most comprehensively studied marine sites in the world.” The study...
One Thing Is Certain for Insurance Industry in Near Term: Uncertainty
Dec 8 2009 // The insurance industry may not see a return to relative stability and certainty for a few years as it reacts to the effects of regulatory reform, increased government intervention and potential tax law changes in the...
Association of Bermuda Insurers, Reinsurers Elects Officers for 2010-11
Dec 7 2009 // The Association of Bermuda Insurers and Reinsurers (ABIR) has elected a new slate of officers for the 2010 and 2011 term. The bulletin said that, as of the beginning of the new year, “Michael Butt, Chairman of the...
Captives Fuel Growth and Income for Agency Owners
Dec 6 2009 // Now is the Time for a Captive: Don’t Wait for the Next Hard Market In times likes these, where the insurance industry is now in its fifth year of a soft market, the use of an agency captive insurance company can...
Best Affirms Harbor Point Re and U.S. Subsidiary ‘A’ Ratings
Dec 3 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Harbor Point Re Limited and its wholly owned subsidiary, Harbor...
Max Capital Establishes Latin American Reinsurance Operation
Dec 3 2009 // The Bermuda-based Max Capital Group Ltd. announced the establishment of a Latin American reinsurance operation and the appointment of two senior managers for the region. Carlos Caputo will serve as CEO of Max’s Latin...
Max Cap Appoints Kalainoff President- Reinsurance Operations
Nov 25 2009 // The Bermuda-based Max Capital Group has appointed David Kalainoff as President of Reinsurance Operations. He joined Max in 2003, most recently serving as Managing Director Reinsurance and Executive Vice President and Chief...
Munich Re America Offers ‘Local’ Nat Cat Frequency Coverage
Nov 18 2009 // Munich Reinsurance America, Inc. announced that it now offers a reinsurance product for insurance companies impacted by rising insured losses from ‘local’ natural catastrophes. “The Nat Cat Frequency...
Arch Re Makes Management Changes; Promotes Olson to President, CEO
Nov 17 2009 // The New Jersey-based Arch Reinsurance Company announced that Tim Olson has been promoted to the position of President and Chief Executive Officer of Arch Reinsurance Company. He will assume responsibility for the overall...
Torus Appoints Whiting Senior Treaty Casualty Reinsurance Underwriter
Nov 16 2009 // Torus, has appointed David Whiting as Senior Casualty Reinsurance Underwriter, with immediate effect. He is based in Bermuda, and takes over responsibility for all of Torus Re’s casualty underwriting. Whiting reports...
People
Nov 15 2009 // Maryland-based insurance and risk management firm HMS Insurance Associates Inc. has made several executive-level promotions. Nancey Bohlen has been promoted to chief financial officer and vice president of operations. She...
