Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
S&P Affirms PartnerRe Ratings; Revises Outlook to Negative
May 25 2006 // Standard & Poor’s Ratings Services has affirmed its “A” counterparty credit rating on Bermuda-based reinsurer PartnerRe Ltd. (PRE), its “AA-” counterparty credit and financial strength...
Harnessing technology in the London insurance market
May 22 2006 // Kinnect is dead! Long live Kinnect! Although Lloyd’s long troubled IT project was consigned to the flames last January (See IJ Website Jan. 24), a number of IT phoenix have risen from its ashes. “I think 2006...
Fla. legislative package targets Citizens deficits, mitigation; establishes oversight policies
May 22 2006 // The hurricane insurance package passed by the Florida Legislature just before adjournment May 5 is the most significant property insurance bill since major legislation following Hurricane Andrew in the early 1990’s,...
Harnessing technology in the London insurance market
May 22 2006 // Kinnect is dead! Long live Kinnect! Although Lloyd’s long troubled IT project was consigned to the flames last January (See IJ Website Jan. 24), a number of IT phoenix have risen from its ashes. “I think 2006...
Republic Companies See Higher Revenues in Q1
May 12 2006 // The Republic Companies Group Inc., headquartered in Dallas, reported higher revenues and increased premiums in the first quarter of 2006 compared with the same period in 2005. According to the company, Republic’s...
Best Rates CastlePoint Re ‘A-‘
May 11 2006 // A.M. Best Co. announced that it has assigned a financial strength rating (FSR) of “A-” (Excellent) and an issuer credit rating of “a-” to Bermuda-based CastlePoint Reinsurance Company Ltd. with a...
S&P Puts QBE Hongkong on CreditWatch after Guarantee Withdrawn
May 11 2006 // Standard & Poor’s Ratings Services announced from its Melbourne office that it has placed its “A+” insurer financial strength rating on Hong Kong-based general insurer QBE Hongkong & Shanghai...
PXRE Edges Towards Runoff Despite Posting $41.6 Million Q1 Net
May 11 2006 // Bermuda-based property reinsurer PXRE Group Ltd. announced that its net income before convertible preferred share dividends was $41.6 million for the first quarter of 2006, compared to $22.7 million in the first quarter of...
FLA. PROPERTY BILL ADVANCES
May 8 2006 // A rapid 25 percent cash buildup for the Florida Hurricane Catastrophe Fund and the establishment of a hurricane mitigation endowment fund to allow homeowners to obtain no-interest loans to implement hurricane mitigation...
Sound risk management, investment plus for insurers
May 8 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to Insurance Services Office (ISO) and the Property Casualty Insurers...
Fla. property bill advances
May 8 2006 // A rapid 25 percent cash buildup for the Florida Hurricane Catastrophe Fund and the establishment of a hurricane mitigation endowment fund to allow homeowners to obtain no-interest loans to implement hurricane mitigation...
S&P Annual Insurance Conference Scheduled for NYC in June
May 5 2006 // Standard & Poor’s Ratings Services announced that “Rethinking Risk” will be the theme of its 22nd annual insurance conference scheduled for June 5-6 in New York City. S&P said: “CEOs from...
Best Raises TT Club’s Ratings to ‘A-‘
May 4 2006 // A.M. Best Co. announced that it has upgraded the financial strength rating to “A-” (Excellent) from “B++” (Very Good) of Through Transport Mutual Insurance Association Limited (TT Bermuda) and its...
RenRe Posts $195.7 Million Q1 Operating Income; $179 Million Net
May 3 2006 // Bermuda-based RenaissanceRe Holdings Ltd. reported a record $195.7 million in first quarter operating income, which excludes investment gains/losses, available to common shareholders compared to $54.5 million in the first...
Best Affirms Arch ‘A-‘ Ratings
May 2 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A-” (Excellent) for Bermuda-based Arch Reinsurance Ltd. and its reinsured affiliates. Best has also affirmed the issuer...
Best Affirms Everest Re ‘A+’ Ratings
Apr 28 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit ratings (ICR) of “aa-“of the reinsurance operating subsidiaries of the...
Fla. Insurance Council Describes Pending Legislation
Apr 27 2006 // The Florida House Insurance Committee and the House Fiscal Council have approved CS/CS/HB 7225, and according to the Florida Insurance Council, the next stop is the full House. FIC released a side-by-side comparison of...
California Legislation Aims to Assure Competitive Reinsurance Market
Apr 26 2006 // California’s Assembly Insurance Committee will be hearing a bill today co-sponsored by the Association of California Insurance Companies (ACIC) that is designed to assure a competitive reinsurance market in the...
Willis Releases April Reinsurance Renewal Review
Apr 25 2006 // Global insurance broker Willis Group Holdings has released its reinsurance review of the marketplace for the April 1, 2006 renewals. The report, published by Willis Re, includes rate movements and commentary from territory...
Fla. HB 7225 Advancing: Boosts CAT Funding; Provides No-Interest Loans
Apr 24 2006 // A rapid cash buildup of 25 percent for the Florida Hurricane Catastrophe Fund and the establishment of a hurricane mitigation endowment fund to allow homeowners to obtain no-interest loans to implement hurricane mitigation...
