Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
SEC sues RenRe officers over alleged finite reinsurance scam
Oct 9 2006 // The Securities and Exchange Commission, which has been investigating a number of finite reinsurance transactions for the past two years, lowered the boom on three former officers of the Bermuda-based reinsurance group...
News Currents
Oct 9 2006 // House passes surplus lines, reinsurance regulatory reform legislation The U.S. House of Representatives passed legislation on Sept. 27 that would apply single-state regulation and uniform standards to the nonadmitted...
Terrorism insurance market hits federal radar
Oct 9 2006 // Two new federal reports have found that the long-term development of the private terrorism insurance market remains at best uncertain due to the unpredictable nature of terrorist attacks. Both reports acknowledged that a...
SEC sues RenRe officers over alleged finite reinsurance scam
Oct 9 2006 // SEC attorney Andrew Calamari, who headed the SEC’s investigations in both cases, declined to comment on whether criminal charges were under consideration in the RenRe matter. He stressed that the Commission brings...
Castle Point Names Doyle President, CEO of Reinsurance; Dale to Head Management Unit
Oct 6 2006 // Bermuda-based CastlePoint Holdings, Ltd. has announced the appointment of Gregory T. Doyle as President of CastlePoint Holdings and CEO of CastlePoint Reinsurance Company, Ltd. He will also serve as a Director of...
Catlin’s CEO Assesses ‘Benign’ Hurricane Season
Oct 5 2006 // Stephen Catlin, the chief executive of international specialty property/casualty insurer and reinsurer Catlin Group Limited, Forecast a decline in premiums for non-catastrophe exposed classes of insurance and reinsurance,...
Ohio Attorney General Files Class Action Against Scottish Re Group
Oct 4 2006 // Ohio Attorney General Jim Petro late yesterday filed a motion in federal court in New York requesting the State Teachers Retirement System of Ohio (STRS) be appointed lead plaintiff in a securities class action lawsuit...
Treasury Report on Terrorism Insurance Says Backstop Negatively Affects Private Capacity
Oct 3 2006 // A new federal report has found that the long-term development of the private terrorism insurance market remains at best uncertain due to the unpredictable nature of terrorist attacks. The President’s Working Group on...
Catlin Enters $200 Million Cat Swap
Oct 2 2006 // The Bermuda-based Catlin Group Limited, an international specialty P/C insurer and reinsurer, announced that an operating subsidiary, Catlin Insurance Company Ltd. of Bermuda, “intends, subject to completion of...
Benfield Reports on European Reinsurers Strong H1 Results
Sep 28 2006 // Independent reinsurance and risk intermediary Benfield has just released its latest European Quarterly Report, entitled “Hoping for the Best,” covering the first half results of European reinsurance groups. The...
SEC Charges Three Former RenaissanceRe Execs with Fraud
Sep 27 2006 // The Securities and Exchange Commission charged three former RenaissanceRe executives with securities fraud charges for their alleged involvement in a finite reinsurance scam that the SEC claims the executives concocted to...
House Passes Surplus Lines Regulatory Reform Legislation
Sep 27 2006 // The U.S. House of Representatives passed legislation that would apply single-state regulation and uniform standards to the nonadmitted insurance and reinsurance marketplace. H.R. 5637, The Non-Admitted and Reinsurance...
Industry to Congress: Permanent Solution to Terrorism Insurance Vital
Sep 27 2006 // Insurers, agents and business groups called on Congress to create a permanent solution safeguarding the economy against future terrorist attacks at congressional hearing today, “Protecting Americans from Catastrophic...
Aon Re Global Names Richardson to Head Facultative Re Unit
Sep 26 2006 // Aon Re Global has named Elliot Richardson to head its global cedant facultative reinsurance activities. The bulletin noted that Richardson, 34, “has resigned from his role as head of facultative reinsurance at...
P/C insurers’ performance exceeding Fitch estimates for 2006
Sep 25 2006 // The U.S. property/casualty insurance industry showed continued favorable and improved operating performance in the first half of 2006 and, based on results and barring any unusual events going forward, the industry is...
Reinsurers adopt ‘wait and see’ posture at Rendezvous
Sep 25 2006 // For the first time in two years the high and mighty from the reinsurance world gathered for their annual Rendezvous in Monte Carlo without having to face the consequences of an ongoing catastrophe (Ivan in 2004 and Katrina...
Risk retention group 2005 premium grows 11.5% to $2.4 billion
Sep 25 2006 // Despite the softening property/casualty market, commercial insureds who find liability insurance unavailable or unaffordable, as well as those who desire stability and control of their liability programs, continue to...
Creating more capacity on the Texas coastline
Sep 25 2006 // Writing property insurance in Texas can be a difficult proposition, especially in a time when the frequency and severity of catastrophic coastal storms is increasing. To address this problem, the Texas Joint Committee on...
Reinsurers adopt ‘wait and see’ posture at Rendezvous
Sep 25 2006 // News Currents For the first time in two years the high and mighty from the reinsurance world gathered for their annual Rendezvous in Monte Carlo without having to face the consequences of an ongoing catastrophe (Ivan in...
P/C insurers’ performance exceeding Fitch estimates for 2006
Sep 25 2006 // The U.S. property/casualty insurance industry showed continued favorable and improved operating performance in the first half of 2006 and, based on results and barring any unusual events going forward, the industry is...
