Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Munich Re Q1 Net Stable; Announces Future Plans
May 4 2007 // Germany’s Munich Re Group reported that first quarter consolidated results rose slightly to €982 million ($1.33 billion) compared to €978 billion ($1.326 billion in the same period of 2006. Operating results,...
Fitch Affirms RenRe’s Ratings
May 3 2007 // Fitch Ratings has affirmed the following ratings on Bermuda-based RenaissanceRe Holdings Ltd. (RNR): –Issuer Default Rating ‘A-‘; –Senior unsecured notes ‘BBB+’; –Preferred stock...
Munich Re AGM Highlights Improved Results, Future Plans
Apr 27 2007 // Munich Re’s annual general meeting yesterday, April 26, highlighted the reinsurer’s strengthened economic position, strong 2006 and first quarter results and improving prospects for the future. Shareholders got...
Best Rates Morocco’s Société Centrale de Réassurance ‘B++’
Apr 25 2007 // A.M. Best Co. has assigned a financial strength rating (FSR) of “B++” (Good) and an issuer credit rating (ICR) of “bbb” to Moroccan reinsurer Société Centrale de Réassurance (SCR), with a stable...
Real Estate Firms Call for Renewal of Federal Terror Reinsurance
Apr 25 2007 // If the federal government’s terrorism insurance program were allowed to expire, private market terrorism insurance coverage would become largely unavailable and unaffordable, and the gears of commercial real estate...
S&P Upgrades Lloyd’s Ratings to ‘A+’
Apr 24 2007 // Not so long ago it was beginning to look like “A” ratings were an endangered species. However, after a lot of belt tightening (and a benign year for nat cats in 2006), the rating agencies have been raising,...
Lloyd’s posts more than $7 billon in record pre-tax profit
Apr 23 2007 // What a difference a year makes. On March 29, Lloyd’s announced pretax profits for 2006 of $7.2 billion compared to the $202 million loss it posted in 2005. Lloyd’s also achieved an extremely good combined ratio...
Disruptive Forces in the Insurance Industry: Constructive or chaotic?
Apr 23 2007 // Capital markets, technology and the use of mass media could be disruptive forces in the insurance industry in the near future, according to Paula Reynolds, CEO of Seattle-based Safeco Insurance Co. Speaking at the...
News Currents
Apr 23 2007 // Lloyd’s posts more than $7 billion in record pre-tax profit What a difference a year makes. On March 29, Lloyd’s announced pretax profits for 2006 of $7.2 billion compared to the $202 million loss it posted in...
AAIS Adds Associate Members
Apr 20 2007 // Six organizations serving the property/casualty insurance industry have become associate members of the American Association of Insurance Services. The organizations that have become associate members in 2007 are: –...
Best Affirms Hannover Re (Ireland) ‘A’ Ratings
Apr 19 2007 // A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a” of Hannover Reinsurance (Ireland) Limited (HRI) and its subsidiaries, E&S...
Catlin Details Participation in LRCCL
Apr 18 2007 // A bulletin from the Bermuda-based Catlin Group Limited, whose operating companies also do business from the UK, the U.S. and Lloyd’s, notes that its Lloyd’s Syndicate 2003 “is one of the inaugural...
Lloyd’s China Re Officially Opens
Apr 17 2007 // Lloyd’s announced the official opening of its Chinese reinsurance operations (See IJ web site April 3 and April 25, 2006) at a ceremony attended by “a host of dignitaries,” including Lloyd’s...
Industry to Congress: Private Market Is the Best Solution on Natural Disasters, But Some Say Federal Help Needed
Apr 11 2007 // The private insurance marketplace, not the federal government, is the best vehicle to address coastal insurance issues and natural disasters in the U.S., according to insurers. Even so, the federal government can play a...
On shaky ground?
Apr 9 2007 // Two decades since its formation, the West’s only regional catastrophe pool, the California Earthquake Authority, faces financial and management changes that could have significant implications for its future. Those...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
