Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Florida’s private insurers try to be heard amid political storm
Sep 24 2007 // Florida’s property insurance industry is in the middle of the hurricane season — the political hurricane season. The state’s politicians promised homeowners their insurance premiums would go down after...
Reinsurance was easier to find and cheaper in 2007
Sep 24 2007 // What a difference a year makes. Florida insurers had to look high and low for reinsurance in 2006, and pay dearly if they could find it. In 2007, it was a different story. According to Jack Mangiante, senior vice president...
Florida’s private insurers try to be heard amid political storm
Sep 24 2007 // Protesters gathered on the steps of the old Florida Capitol to protest the high cost of property insurance rates in January in Tallahassee. The Legislature was in special session to pass homeowners insurance legislation....
U.S. reinsurers report premiums dropped in 2Q
Sep 24 2007 // The Reinsurance Association of America (RAA), a group of 22 U. S. property and casualty reinsurers, reported writing $12.2 billion of net premiums during the six-months ended June 30, 2007, a decrease of $7.5 million from...
News Currents
Sep 24 2007 // Industry skeptical, while Treasury opposes natural disaster pool Federal legislation that encourages states to pool their catastrophe pool risks and then transfer them to the private market has been greeted with a lukewarm...
From the Big Apple to the Corn State
Sep 24 2007 // From the executive office of the Greater New York Mutual Insurance Companies on Madison Avenue in the heart of New York City, Warren Heck, chairman and chief executive officer, can see Illinois. “It’s...
Industry skeptical, while Treasury opposes natural disaster pool
Sep 24 2007 // Federal legislation that encourages states to pool their catastrophe pool risks and then transfer them to the private market has been greeted with a lukewarm insurance industry reaction at best and outright opposition from...
Guy Carpenter finds Lloyd’s market at its ‘healthiest in 300 years’
Sep 24 2007 // Findings boast stellar results for London market with Lloyd’s leading the way Guy Carpenter & Co., Marsh’s reinsurance broker and risk management division, has released “The Lloyd’s Market in...
Calif. high court rules discovery does not apply to reinsurance documents
Sep 24 2007 // The California Supreme Court has ruled that a statute authorizing limited discovery of a defendant’s insurance coverage does not include authorization to look into reinsurance agreements as part of facilitating a...
Vitale Joins Guy Carpenter’s Reinsurance Unit
Sep 24 2007 // Joseph Vitale has been named senior vice president of GCFac, Guy Carpenter & Co.’s dedicated facultative reinsurance unit. Based in New York, Vitale will focus on both strategic and tactical operations...
Industry Confident in Terror Reinsurance Renewal Despite White House Veto Threat
Sep 20 2007 // Insurance industry lobbyists are confident there is enough backing in Congress for renewal of the federal terrorism reinsurance program and enough support to override a threatened presidential veto if necessary. The...
Bush Signals Veto of Terrorism Reinsurance Program
Sep 18 2007 // The Bush Administration believes that the federal backup for terrorism reinsurance should be phased out in favor of a private market for terrorism insurance and “strongly opposes efforts to expand the federal...
S&P Forecasts ‘Healthy Growth’ for Latin America Reinsurance
Sep 13 2007 // Standard & Poor’s Rating Services has issued a new report in its current series analyzing global reinsurance. The study – “Reinsurance In Latin America, Especially Brazil, Shows Growth Potential...
Best Affirms Hannover Re ‘A’ Ratings
Sep 12 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” of Germany’s Hannover Rueckversicherung AG (Hannover Re) and its...
S&P Comments on Reinsurer’s Diversification Efforts
Sep 12 2007 // In a new report, issued as one of several in conjunction with the annual Reinsurance Rendezvous in Monte Carlo, Standard & Poor’s Ratings Services examines the efforts of global reinsurers to diversify their...
S&P: Bermuda Reinsurance Class Of 2001 Doing Well
Sep 12 2007 // Standard & Poor’s Ratings Services has published a commentary, titled, “Bermuda Class Of 2001: Five Years On,” which examines the present state of recent Bermuda reinsurance...
Aon Re Global Releases Reinsurance Market Update
Sep 11 2007 // Aon Re Global announced from the Reinsurance Rendezvous in Monte Carlo that it has released its sixth annual Reinsurance Market Update. Among the highlights included in the publication, Aon cited the following: —...
Swiss Re Reiterates Commitment to Bottom Line
Sep 11 2007 // Swiss Re said it “will continue to remain focused on economic profit growth, at the expense of premium volume, if necessary,” adding that the world’s largest reinsurer “is well positioned for the...
S&P Sees Stability in Asia-Pacific Reinsurance Markets
Sep 11 2007 // Standard & Poor’s Ratings Services’ new report – “Asia-Pacific Reinsurance Markets Remain Stable Despite Softening” – indicates that ratings on global and domestic reinsurers in the...
Sept. 11 is Reminder of Need for Terror Reinsurance, Say P/C Insurers
Sep 11 2007 // Six years after September 11, 2001, the threat of terrorist attack remains a source of tremendous uncertainty for the United States economy, with potentially negative consequences for both business interests and...
