Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Best Affirms Munich Re ‘A+’ Ratings; Outlook Raised to Stable
Sep 10 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit rating (ICR) of “aa-” of Germany’s Munich Reinsurance Company and its rated...
S&P Publishes Reinsurance Reports
Sep 10 2007 // Standard & Poor’s Rating Services has issued a series of reports on the global reinsurance industry, timed to appear as the annual Reinsurance Rendezvous opens its doors in Monte Carlo. The meeting, which...
Demotech Summit: Fla.’s Private Sector Strives to be Heard Amid Political Rate Storm
Sep 10 2007 // Exclusive Video Florida’s Political Hurricane: It’s All About Rates Florida’s property insurance industry is in the middle of the hurricane season — the political hurricane season. The state’s...
Cat Modeling Pioneer Clark Honored by Reinsurance Industry
Sep 7 2007 // Karen Clark, the founder of modern day catastrophe risk modeling, has been awarded The Review Worldwide Reinsurance Awards’ Lifetime Achievement award. The award recognizes an individual who has made the most...
Guy Carp Issues Annual Cat Report; Rates Down by 6%
Sep 6 2007 // Guy Carpenter & Company, LLC has published its annual, comprehensive study of the global property catastrophe reinsurance market – “The World Catastrophe Reinsurance Market: New Capital Stabilizes...
Industry Skeptical, While Treasury Opposes, Natural Disaster Pool
Sep 6 2007 // Federal legislation that encourages states to pool their catastrophe pool risks and then transfer them to the private market as been greeted with a lukewarm insurance industry reaction at best and outright opposition from...
SCOR 1H Net up 77% to $247 Million
Aug 31 2007 // France’s SCOR Group posted impressive gains for the first half of 2007, with net income after tax of €181 million ($247 million), a 77 percent increase over the same period last year. Gross premiums written for the...
U.S. Reinsurers’ Report Premiums Dropped in 2d Quarter
Aug 29 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...
Calif. High Court Rules Discovery Does Not Apply to Reinsurance Documents
Aug 29 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...
S&P, Best Comment on PartnerRe’s EU Centralization Move
Aug 23 2007 // The rating agencies reacted positively to PartnerRe’s move to centralize all of its European operations in its Dublin-based subsidiary (See previous article). Standard & Poor’s Ratings Services assigned...
PartnerRe Centralizes Global Reinsurance Structure in Ireland
Aug 23 2007 // Bermuda-based PartnerRe Ltd. announced that “Partner Reinsurance Europe Limited, a wholly- owned subsidiary of PartnerRe Ltd., based in Dublin, will, from January 1, 2008, be the principal reinsurance carrier for...
Best Offers Analysis on Securitization of Reinsurance Recoverables
Aug 21 2007 // A.M. Best Co. has released its methodology, “Securitization of Reinsurance Recoverables,” which describes the criteria it uses for rating securities collateralized by reinsurance recoverables. Best noted that...
Reinsurance 2007 — A victim of success?
Aug 20 2007 // Record earnings, capitalization and profits deliver new challenges for reinsurers If the reinsurance industry were a game of golf, one would say that after three rounds — the two halves of 2006 and the first half of...
Reinsurance 2007 – A victim of success?
Aug 20 2007 // If the reinsurance industry were a game of golf, one would say that after three rounds — the two halves of 2006 and the first half of 2007 — it tops the leader board. But as any golf buff knows the final 18...
Reinsurance Association of America To Host Eduational Seminar in West
Aug 17 2007 // For the first time in its history, the Reinsurance Association of America (RAA) will be conducting an educational seminar on the West Coast, desiged to reach a potentially large audience of attendees. According to RAA, its...
Berkley Names Robson to Head New Australian Re Operation
Aug 10 2007 // Berkley Insurance Company, a member company of W. R. Berkley Corporation, announced that it will be filing an application with the Australian Prudential Regulatory Authority (APRA) to establish a reinsurance branch in...
Argonaut, PXRE Complete Merger; Officers Named; Financial Statement
Aug 8 2007 // The newly-formed Argo Group International Holdings, Ltd. announced the completion of its merger between Argonaut Group, Inc. and a wholly owned subsidiary of PXRE Group, Ltd. concluding the deal made earlier this year (See...
Evans Joins White Mountains as Executive VP-Global Reinsurance
Aug 7 2007 // Bermuda-based White Mountains Re Ltd. announced that Dwight Evans has joined the organization as Executive Vice President – Global Reinsurance, subject to the approval of Bermuda’s immigration authorities. He...
Best Makes Esurance Ratings Changes
Aug 7 2007 // A.M. Best Co. has assigned a financial strength rating (FSR) of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to the Esurance Insurance Group (Esurance). In conjunction with the...
Putting Florida’s rate filing and reinsurance controversy in context
Aug 6 2007 // Currently underway in Florida is a controversy over the amount of private reinsurance homeowners insurers should purchase in addition to the now expanded $28 billion in reinsurance available from the Florida Hurricane...
