Latest Reinsurance Headlines

Fitch Conference Call Today Analyzes Bermuda (Re)Insurance Market

Mar 5 2008 // Fitch Ratings will host a teleconference today, Wednesday, March 5, to discuss the Bermuda insurance and (Re)insurance markets and trends expected to affect this industry in 2008. Fitch’s analysts will also delve...

Fitch Reports on Bermuda Insurance, Reinsurance Market

Mar 4 2008 // Fitch Ratings has released a new “Special Report” examining the state of Bermuda’s insurance and reinsurance industry, which concludes that it “continues to develop as a thriving domicile for...

Swiss Re Profit Down Less than Expected

Feb 29 2008 // Swiss Re, the world’s biggest reinsurer, made better than expected 2007 net profit, as it escaped further subprime writedowns in the fourth quarter, and gave a confident earnings outlook. It reported on Friday a...

Best Holds Stable Reinsurance Outlook

Feb 28 2008 // A.M. Best Co. has issued an analysis of the global reinsurance sector, indicating that it will maintain an overall “stable outlook” for 2008 for the second consecutive year. “The affirmation of the...

Fla. Insurers See Hurricane Insurance Market on the Mend

Feb 25 2008 // The insurance market in Florida is adjusting to changing conditions – some man-made, others resulting from forces of nature – all of which make property insurance for Florida homeowners more available and more...

Aon Buying ‘Substantially All’ of Gallagher’s U.S/UK Reinsurance

Feb 25 2008 // Aon Corporation announced that it has reached an agreement “to acquire substantially all of Gallagher Re’s U.S. and U.K. reinsurance brokerage business. In addition, a team of industry professionals from...

Munich Re 2007 Profit Rises 11.9% to $5.835 Billion

Feb 25 2008 // The Munich Re Group announced consolidated profits for 2007 of €3.937 billion ($5.836 billion), surpassing its increased profit guidance of €3.5 to €3.8 billion ($5.18 to $5.63 billion) announced in August. The...

People

Feb 24 2008 // BMS, a reinsurance intermediary based in Philadelphia, has appointed James T. Buysse as chief executive officer of its North American operations, BMS Intermediaries Inc. Buysse has 25 years of experience in the reinsurance...

Feb 24 2008 // People Managing general agency and surplus lines wholesaler U.S. Risk Insurance Group Inc. named Terri Haselden vice president and manager of the Dallas Commercial Underwriting Department. Haselden, an experienced...

Catlin Seals $150 Cat Bond Purchase; Willis Advised on Deal

Feb 22 2008 // The Bermuda-based Catlin Group Limited has purchased a collateralized US$150 million annual aggregate reinsurance contract to protect the Group’s portfolio of property treaty reinsurance against accumulated losses...

Willis Re Releases New Sub-Prime Professional Liability Research

Feb 21 2008 // Willis Re, the reinsurance operations of Willis Group Holdings, has released new research analyzing the risk to the underwriting portfolios of professional liability re/insurance Underwriters stemming from the sub-prime...

Swiss Re Registers as Admitted Brazilian Reinsurer

Feb 20 2008 // Swiss Re announced that it will become an admitted reinsurer in Brazil with a representative office in São Paulo. The world’s largest reinsurer joins Lloyd’s and Munich Re in accessing the Brazilian market...

Navigant Consulting Expands to Bermuda

Feb 20 2008 // Chicago-based Navigant Consulting, Inc. has established Navigant Consulting (Bermuda) Ltd. to extend its services to the island’s insurance and reinsurance market. “The Company will offer its full suite of...

SCOR Books Successful Treaty Renewals

Feb 15 2008 // France’s SCOR Group said it has reached its objective for “successfully consolidating two strong independent reinsurance groups into one leading franchise at this year’s January renewals.” 78...

Lloyd’s Applies for Brazil Re License

Feb 14 2008 // Lloyd’s plans to expand in Brazil and is in the process of making a formal application to be an admitted reinsurer in the country. Its first representative office will be in Rio de Janeiro. Lloyd’s Chairman,...

Collins Expands Reinsurance Services to Europe

Feb 12 2008 // Minneapolis-based Collins is expanding its services as a reinsurance intermediary to Europe. President and CEO Pat Denzer announced that the Company had engaged Michel Fernandez, a native Parisian, who has worked for 15...

Western National Adds Senior Vice President, General Manager

Feb 12 2008 // Minneapolis-based Western National Insurance Group recently announced that effective as of Feb. 11, 2008, Jeffrey J. Couchman will join the Western National Insurance Group’s management team, serving as both senior...

Lockton Creates China Desk in London

Feb 11 2008 // Lockton has created a China Desk in London managed by Jiong Zhang, to reinforce the global broker’s existing relationships with insurance and reinsurance clients in the Far East. Lockton’s Executive Chairman...

Jurors to Begin Deliberations on Gen Re-AIG Reinsurance Case This Week

Feb 11 2008 // After a month of testimony, jurors in Hartford are expected to begin deliberating this week over the fate of former executives of General Re Corp., a reinsurance company owned by Berkshire Hathaway, without hearing from...

Allstate 4Q Profit Falls 37 Percent

Feb 10 2008 // Hit by an increase in catastrophe losses, Northbrook, Ill.-based insurer Allstate Corp. saw its profit drop by more than 37 percent in the fourth quarter of 2007 compared to the same period in 2006. The fourth quarter net...