Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Allstate 2nd Quarter Earnings Rise 16 Percent, Fall Short of Estimates
Jul 20 2007 // Allstate Corp., the nation’s No. 2 property and casualty insurer, said Wednesday its second-quarter profits climbed 16 percent on strong auto insurance sales but operating income fell as the company paid...
Minn. Groups Sue AIG for $100 Million in Damages for Fraud, RICO Violations
Jul 19 2007 // The Minnesota Workers’ Compensation Reinsurance Association (WCRA) and the Minnesota Workers’ Compensation Insurers Association (MWCIA) filed suit Tuesday (July 17) against American International Group Inc....
RAA Releases 2006 Statistical Report on Offshore Reinsurance in the U.S.
Jul 18 2007 // In 2006, total U.S. premium ceded to offshore reinsurers was $54.7 billion and ceded recoverables totaled $114.2 billion, according to a report released by the Reinsurance Association of America (RAA), “Offshore...
Texas Approves $1 Billion in Reinsurance for Windstorm Pool
Jul 13 2007 // The Texas Windstorm Insurance Association (TWIA) in early June submitted a proposal to the Texas Department of Insurance for the purchase of $1.5 billion in reinsurance under a three-tiered program. On July 11, Texas...
Brown Wallace Smith Adds New Principal in Insurance, Reinsurance Practice
Jul 9 2007 // Brown Smith Wallace recently announced that Dwayne Richardson, CPA has joined the company as a principal in the Insurance and Reinsurance Services Practice. Richardson provides assistance to the firm’s growing...
Willis Re: Reinsurance Renewal Review
Jul 5 2007 // Willis Group Holdings announced from its London office that it has released its reinsurance review of the marketplace for the July 1, 2007 renewals entitled “Willis Re – 1st View.” Willis said the report...
Munich Re Selects GoldSim Simulation Software for Analysis of Reinsurance Solutions
Jul 2 2007 // July 2nd 2007 – Seattle. The GoldSim Technology Group, a leading provider of advanced probabilistic simulation software, today announced that Munich Re, one of the world’s leading reinsurance companies, has...
House bill renews federal terrorism reinsurance for 10 years
Jul 2 2007 // Congress officially has a new bill to reauthorize the federal terrorism reinsurance program. Two Democrats from Massachusetts — U.S. Rep. Mike Capuano and the Chairman of the House Financial Services Committee Barney...
House bill renews federal terrorism reinsurance for 10 years
Jul 2 2007 // Congress officially has a new bill to reauthorize the federal terrorism reinsurance program. Two Democrats from Massachusetts — U.S. Rep. Mike Capuano and the Chairman of the House Financial Services Committee Barney...
House Passes Uniform Surplus Lines Insurance Reform
Jun 26 2007 // The U.S. House of Representatives passed H.R. 1065, the Nonadmitted and Reinsurance Reform Act of 2007, legislation that if enacted, will help increase the efficiency of the existing state-based insurance regulatory...
NMB Launches Capital Markets Unit
Jun 21 2007 // Newman Martin and Buchan Limited, an independent Lloyd’s insurance and reinsurance broker, has launched a capital markets division to complement its reinsurance advisory and placement services. Mark Burbidge and Paul...
S&P Examines Reinsurance M&A
Jun 20 2007 // Among other industry topics Standard & Poor’s Ratings Services’ 2007 Insurance Conference, “In Pursuit of Sustainable Earnings,” held June 3-5 in New York City, discussed possible...
Zurich Names Kerner, Talbot to Global Management Posts
Jun 19 2007 // Zurich Financial Services Group announced the appointment of Michael Kerner (41) as its new Global Chief Underwriting Officer for General Insurance and Mark Talbot (42) as Global Head of Group Reinsurance. Both men will...
Catlin US Appoints Greggains, Englesbe as Chief Underwriting Officers
Jun 19 2007 // Bermuda-based Catlin Group Limited reported that Nick Greggains has been appointed as chief underwriting officer for insurance and Andrew Englesbe has been appointed as chief underwriting officer for reinsurance for Catlin...
House Bill Renews Federal Terrorism Reinsurance for 10 Years, Expands Definition
Jun 19 2007 // Congress officially has a new bill to reauthorize the federal terrorism reinsurance program. Two Democrats from Massachusetts — U.S. Rep. Mike Capuano and the Chairman of the House Financial Services Committee Barney...
Terrorism Risk Insurance Act Déjà Vu
Jun 18 2007 // It’s becoming a familiar song: the Federal Terrorism Risk Insurance Act (TRIA) is once again due to expire on Dec. 31, 2007, and as of this writing, no long- or short-term successor program has been decided upon or...
Aspen Re Expands European Operations with Zurich Office
Jun 15 2007 // Aspen Re, a subsidiary of Aspen Insurance Holding Limited, announced the launch of Aspen Re in Europe along with plans to open an office, to be based in Zurich, that will act as the hub for Aspen’s European...
Nephila Capital Launches Gamut Re
Jun 14 2007 // Nephila Capital Ltd., a Bermuda-based investment manager specializing in catastrophe reinsurance and weather risk, announced the closing of its new investment vehicle, Gamut Reinsurance Ltd. Gamut Re, which is domiciled in...
SCOR Officially Opens Converium Offer
Jun 13 2007 // France’s SCOR Group announced the official opening of its public tender offer for all of the publicly held registered shares of Converium Holding Ltd. The somewhat delayed offer – due to the time required to...
S&P Rates AXA Securitization
Jun 8 2007 // Standard & Poor’s Ratings Services has assigned preliminary credit ratings to the €411.6 million ($551 million) asset-backed floating-rate notes to be issued by a French “fonds commun de créances (FCC),...
