Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
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...
Lloyd’s Tolle Discusses Reinsurance Securitization Growth
Sep 22 2006 // A bulletin on the Lloyd’s Website (www.lloyds.com) gives highlights from a recent conference, held at the Reinsurance Rendezvous in Monte Carlo, on the continuing development and “convergence of traditional...
Former General Re and AIG Execs Indicted for Alleged Reinsurance Fraud
Sep 21 2006 // Four former senior executives of Berkshire Hathaway’s General Re Corp. and a former senior executive of American International Group Inc. were indicted Wednesday on charges they participated in a scheme to manipulate...
Best Affirms Lehman Re ‘A+’ Ratings
Sep 19 2006 // A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) of Bermuda-based reinsurer Lehman Re Ltd., a wholly owned subsidiary of the New York-based investment banking and financial advisor...
Best Affirms Toa Re ‘A+’ Ratings
Sep 19 2006 // A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa-” of Japan’s Toa Reinsurance Company, Limited; however, the rating outlook is...
Reinsurers Adopt ‘Wait and See’ Posture at Rendezvous
Sep 13 2006 // For the first time in two years the high and mighty from the reinsurance world have gathered for the annual Rendezvous in Monte Carlo without having to face the consequences of an ongoing catastrophe (Ivan in 2004 and...
Oxygen Re Enters Market
Sep 12 2006 // Oxygen Insurance Brokers, the Lloyd’s accredited broking operation of the London market insurance intermediary, announced the launch of Oxygen Re, to provide “all types of non-marine, marine and aviation treaty...
Best Upgrades SCOR Ratings to ‘A-‘
Sep 11 2006 // SCOR’s “Back on Track” restructuring strategy finally paid off as the French reinsurer regained its “A” rating from A.M. Best Co. The rating agency announced that it has upgraded the financial...
Zurich to Provide Dutch Export Credit Agency with Indonesia Cover
Sep 11 2006 // Zurich, U.S. announced from its Schaumburg, Ill. headquarters that its unit that provides insurance solutions for emerging markets risks has signed an agreement with Atradius Dutch State Business – acting on behalf...
Flagstone Re, Sirius Launch Aviation Reinsurance Cover
Sep 8 2006 // Flagstone Reinsurance Holdings Limited and Sirius International Insurance Corporation announced from Bermuda that they “are delighted to have established an agreement to underwrite Aviation Reinsurance.” The...
Guy Carpenter Study Shows Big Rate Increases in U.S., Mexico
Sep 8 2006 // On the eve of the Reinsurance Rendezvous in Monte Carlo, Guy Carpenter & Company, the risk and reinsurance specialist of the Marsh & McLennan Companies has published its annual, comprehensive study of the global...
NAS Introduces Turnkey EPLI Reinsurance Program
Sep 7 2006 // Encino, Calif.-based NAS Insurance Services is launching a new turnkey EPLI reinsurance program for insurers to offer EPLI coverage to their policyholders. The program incldes options for various types of policies, limits...
Zurich Names Senior VP for Ceded Reinsurance for North America
Sep 7 2006 // Schaumburg, Ill.-based Zurich recently announced that John LaGrassa has been promoted to senior vice president and director of Ceded Reinsurance. In his new position, LaGrassa will be responsible for all of Zurich’s...
American Re Now Known as ‘Munich Re America’
Sep 6 2006 // Munich Reinsurance America Inc. officially changed its name from American Re-Insurance Company effective Sept. 5, 2006. The name of the holding company, American Re Corporation, has changed to “Munich Re America...
Hiscox Lloyd’s Syndicate ‘in Discussions’ on Bermuda Sidecar
Sep 5 2006 // The U.K.’s Hiscox plc announced that its Board of Directors, is “in discussions which could lead to the creation of a new reinsurer, which will only reinsure Hiscox Syndicate 33,” which it manages, and in...
Glenn
Sep 4 2006 // Former Executive Director A ‘spirited’ Kentucky wants make up ground in the race for captives Glenn Jennings replaced Martin J. Koetters as Executive Director of the Kentucky Office of Insurance in April 2005....
Reinsurers ‘humbled, but most not broken’
Sep 4 2006 // In its recently issued global insurance report A.M. Best Co. concludes that “almost a year after three massive hurricanes — Katrina, Rita and Wilma — the global reinsurance industry is still struggling to...
Lloyd’s Outlines its Reinsurance Activities, Thunderbird Re Sidecar
Aug 31 2006 // In anticipation of the upcoming Reinsurance Rendezvous in Monte Carlo, Lloyd’s has presented an outline of its reinsurance activities and announced the creation of a Cayman Islands-based sidecar, Thunderbird Re, to...
SCOR H1 Profit up 42% to $131 Million
Aug 31 2006 // France’s SCOR Group posted an impressive first half of 2006 with net income up 42 percent to €102 million ($131 million) compared to the €72 million ($92.5 million) it earned in the same period of 2005. Other...
Best Affirms Hannover Re’s “A” Ratings; Removes from Review
Aug 30 2006 // 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...
