Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Insurance Commissioners Push Framework for National Cat Program
Dec 18 2005 // Insurance regulators, on the heels of the National Catastrophe Insurance Summit in Burlingame, Calif., in November, are peddling the framework for a national catastrophe insurance program they say would protect U.S....
News Briefs
Dec 18 2005 // Massachusetts Auto Producer Reassignments Delayed: Massachusetts Insurance Commissioner Julianne Bowler has asked that a plan for reassignment of auto insurance producers doing business with the state’s residual...
Chubb Corp. Finalizes Sale of Bermuda Reinsurance Unit
Dec 15 2005 // The Chubb Corporation has completed the strategic transaction that created a new Bermuda-based global reinsurance company, Harbor Point Limited. Chubb has received from Harbor Point $200 million of 6 percent convertible...
Fitch Comments on New Reinsurers
Dec 15 2005 // Fitch ratings has issued a statement analyzing the prospects for the new reinsurance companies, established in the wake of Hurricane Katrina. The rush to set up what Fitch calls the “Class of 2005” resembles...
Swiss Re Reviews 2005, Takes Look Ahead at Upcoming Industry Year
Dec 14 2005 // Andreas Beerli, CEO of Swiss Re’s Property & Casualty business in the Americas, recently hosted the company’s annual year-end economic and insurance industry review and outlook and led the discussion about...
Best Affirms FSR for Imagine Co.
Dec 8 2005 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Imagine Insurance Company Limited (Imagine) (Barbados). The ratings have been removed from...
Zurich Announces Appointments in Global Division
Dec 7 2005 // Zurich Financial Services Group (Zurich) announced the appointments of Thomas Hürlimann to Chief Operating Officer in the Global Corporate business division and Mike Kerner to Head of Group Reinsurance. Both appointments...
EMC Insurance Group Notes Change to Quota Share Reinsurance Deal
Dec 6 2005 // Iowa-based EMC Insurance Group Inc. announced that the terms of the Quota Share Reinsurance Agreement between the company’s reinsurance subsidiary, EMC Reinsurance Company, and Employers Mutual Casualty Company...
Everest Re to Raise $280 Million; S&P Affirms Ratings
Dec 5 2005 // The Everest Re Group announced from Bermuda that it has agreed to sell approximately $280 million of its common shares to Wachovia Securities, which will subsequently offer the common shares to public investors pursuant to...
States Claim National Catastrophe Plan Would Save Taxpayers
Dec 5 2005 // Insurance regulators from California, Florida, Illinois and New York, on the heels of last month’s National Catastrophe Insurance Summit, are peddling a national catastrophe insurance program that they say would aid...
States Claim National Catastrophe Plan Would Save Taxpayers
Dec 5 2005 // Insurance regulators from California, Florida, Illinois and New York, on the heels of last month’s National Catastrophe Insurance Summit, are peddling a national catastrophe insurance program that they say would aid...
Insurance Commissioners Announce Framework for National Cat Program
Dec 5 2005 // Insurance regulators from California, Florida, Illinois and New York, on the heels of the National Catastrophe Insurance Summit held in November, are peddling the framework for a national catastrophe insurance program that...
News Briefs
Dec 4 2005 // Willis Expands in China, Latin America: In a breakthrough agreement, global insurance broker Willis Group Holdings Limited, has received written approval from the China Insurance Regulatory Commission (CIRC) to increase...
Swiss Re to Acquire GE Insurance Solutions for $6.8 Billion
Dec 4 2005 // In retrospect, the name GE Insurance Solutions (principal operating company Employers Re or ERC)-seems prophetic. Almost from the day that Jeffrey Immelt took over the reins at GE from its long-time CEO Jack Welch he began...
Insurance Commissioners Announce Framework for National Cat Program
Dec 4 2005 // Insurance regulators from California, Florida, Illinois and New York, on the heels of the National Catastrophe Insurance Summit held in November, are peddling the framework for a national catastrophe insurance program that...
States Claim National Catastrophe Plan Would Save Taxpayers
Dec 4 2005 // Insurance regulators from California, Florida, Illinois and New York, on the heels of last month’s National Catastrophe Insurance Summit, are peddling a national catastrophe insurance program that they say would aid...
Catlin Group Estimates Wilma Claims at $45 Million; Ups Katrina Loss
Dec 2 2005 // The U.K.’s Catlin Group Limited announced that its Bermuda operating subsidiary has completed its initial estimate of losses arising from Hurricane Wilma and has also reviewed its loss estimates for Hurricanes...
Best Affirms Korean Re Ratings
Dec 2 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A-” (Excellent) of Korean Reinsurance Company, and has assigned an issuer credit rating (ICR) of “a-“. The...
John B. Collins Adds 4 Facultative Reinsurance Brokers
Dec 1 2005 // A team of four reinsurance brokers — all specializing in the placement and servicing of facultative and program reinsurance — has joined John B. Collins Associates Inc. The brokers all previously worked for...
Best Downgrades Ratings on Allianz Marine & Fire (France)
Nov 30 2005 // A.M. Best Co. announced that it has downgraded the financial strength rating to “A-” (Excellent) from “A+” (Superior) of Allianz Marine & Aviation (France) (AMAF) and has removed the rating...
