Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
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...
People
Nov 15 2009 // Alan Ring has joined National Contractors Insurance Co., Inc. (NCIC), a risk retention group, headquartered in Big Fork, Montana, as director of sales and marketing. Ring will be based in NCIC’s Anaheim Hills,...
ACE Tempest Re Names Mann Sr. Underwriter for Structured Risks
Nov 13 2009 // ACE Tempest Re Europe has announced the appointment of David Mann in the newly created role of Senior Underwriter for Structured Risks. The appointment “further enhances ACE’s commitment to expanding its...
Best Revises Transatlantic Outlook to Stable; Affirms ‘A’ Ratings
Nov 12 2009 // A.M. Best Co. has revised its rating outlook on Transatlantic Holdings, Inc. And its subsidiaries o stable from negative for. Best also affirmed Transatlantic’s financial strength ratings of ‘A’...
U.S. RE in Alliance with Argentine Broker
Nov 5 2009 // Tal P. Piccione, Chairman and CEO of international reinsurance brokerage firm U.S. RE Corp., announced that it “has formed a strategic, exclusive, and reciprocal alliance with San Segur, a prominent insurance and...
Survey: Despite Slow Growth, Carriers Still Upbeat About Program Market
Nov 5 2009 // Though fewer of them than a year ago perceive a growing market, carriers still have what must be considered an upbeat opinion of the nation’s program administrators and managing general agents marketplace in light of...
International Association of Claims Professional Elects New Leadership
Nov 3 2009 // The Excess/Surplus Lines Claims Association has changed its names and elected a new slate of officers and directors. The organization is now known as the International Association of Claim Professionals (IACP). Its new...
Decades in the Making, NAIC Outlines Natural Catastrophe Plan
Nov 1 2009 // White Paper Approved at Fall Meeting with Near-Unanimous Vote Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of...
Best Affirms Hiscox Operating Companies ‘A’ Ratings; Outlook Stable
Oct 30 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSRs) of ‘A’ (Excellent) and issuer credit ratings (ICRs) of “a” of Hiscox Insurance Company (Bermuda) Limited, the UK-based Hiscox...
Lloyd’s Notes Success of Regional Catastrophe Pools, CCRIF
Oct 26 2009 // An article on the Lloyd’s of London web site (www.lloyds.com) discusses the success of an “innovative solution” which can make funding available to governments in the aftermath of a natural...
Bermuda Signs Tax Deal w/ Mexico
Oct 19 2009 // Bermuda’s Minister of Finance Paula A. Cox announced that it has signed a bilateral agreement with Mexico that provides for a full exchange of information on criminal and civil tax matters between Bermuda and...
U.S. RE Receives Brazil License
Oct 8 2009 // The U.S. RE Companies have been approved by the Brazilian regulatory authorities to launch the Company’s new subsidiary, U.S. RE Do Brasil Corretora de Resseguros, LTDA, as a reinsurance broker with offices in Sao...
U.S. RE in Alliance with Italy’s Sfrorni
Oct 8 2009 // New York-based U.S. RE Corporation, the international reinsurance brokerage firm, has formed a strategic alliance with Bruno Sforni S.p.A, an insurance and reinsurance broker located in Milan, Italy. The Company followed...
Changes at Tower Hill Secure Rating from Demotech
Oct 6 2009 // Insurance company rating firm Demotech, Inc. said it has affirmed the Financial Stability Ratings of A, Exceptional, assigned to Tower Hill Prime Insurance Co., Tower Hill Preferred Insurance Co., Tower Hill Select...
Willis Acquires 100% of Argentina Business
Sep 30 2009 // Willis Group Holdings has completed the purchase of 100 percent of the share capital of Herzfeld Willis S.A. (Retail operation) and Willis S.A. (Reinsurance operation) in Argentina. The business will now be known as Willis...
Ireland’s International (Re)Insurance Market Posts Strong Growth in 2008
Sep 29 2009 // The Dublin International Insurance & Management Association (DIMA), the representative body for the international re/insurance industry in Ireland, has announced “another record year of premium income...
