Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
FAIA Celebrates Its 101st Anniversary: General Session Features Four Experts
Jun 20 2005 // The Florida Association of Insurance Agents will celebrate its 101st anniversary during its June 23 to 25 Convention and Educational Symposium at the Gaylord Palms Resort and Convention Center in Orlando, Fla. “I...
States Close In on Finite Reinsurance Disclosure Requirements
Jun 20 2005 // State insurance regulators moved closer to final adoption of model finite reinsurance disclosure language at the summer meeting of the National Association of Insurance Commissioners in Boston in early June. As they did,...
PartnerRe Receives Subpoena on Finite Reinsurance Investigation
Jun 17 2005 // PartnerRe Ltd. joined other Bermuda insurers – RenRe, and Platinum being the latest (See IJ Web site June 16) – in the small, but growing, club of reinsurers who have received subpoenas from the United States...
S&P Lowers Channel Re Outlook to Negative; Affirms ‘AAA’ Rating
Jun 16 2005 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Channel Reinsurance Ltd.’s “AAA” financial strength and financial enhancement ratings to negative from...
ACE Tempest Re Appoints Swayne as Chief Underwriting Officer-International
Jun 16 2005 // ACE Tempest Reinsurance Ltd., the ACE Group’s Bermuda-based property and specialty catastrophe reinsurer, has announced the appointment of Guy Swayne to the position of Chief Underwriting Officer,-International. He...
Platinum Receives Subpoena Relating to Finite Reinsurance Products
Jun 16 2005 // Bermuda-based Platinum Underwriters Holdings Ltd. announced that it has received a grand jury subpoena from the United States Attorney for the Southern District of New York requesting documents relating to Platinum’s...
RenRe Receives Finite Reinsurance Subpoena from SEC
Jun 16 2005 // Bermuda-based RenaissanceRe Holdings Ltd. acknowledged that it has received a subpoena from the United States Attorney for the Southern District of New York requesting information relating to the use of finite risk...
States Close In on Finite Reinsurance Disclosure; N.Y. Agrees to Adopt Model
Jun 13 2005 // State insurance regulators moved closer to final adoption of a model finite reinsurance disclosure regulation at the summer meeting of the National Association of Insurance Commissioners in Boston this weekend. As they...
GE Solutions Publishes Study of German Reinsurance Market
Jun 8 2005 // GE Insurance Solutions and the Institute of Insurance Economics of Switzerland’s University of St. Gallen have issued a joint study of the German reinsurance market from the point of view of the buyer, the primary...
U.S. Reinsurance Stability ‘Dependent on Parental Support,’ Says S&P
Jun 8 2005 // Standard & Poor’s Ratings Services new assessment of the outlook on the U.S. reinsurance sector finds that it continues to be stable (See related article in “National “), “but only because of...
European Parliament Backs Reinsurance Regulation Directive
Jun 8 2005 // The European Parliament has voted its approval of new laws and regulations, which now need to be approved by EU member governments, for the regulation of the reinsurance industry within the 25-member block. The proposed...
S&P Mid-Year 2005 Report on Outlook for U.S. Reinsurers – Sector Stable, “But Only Because Of Parental Support”
Jun 8 2005 // Standard & Poor’s Ratings Services has issued its assessment on the U.S. reinsurance sector, which concludes that it remains stable, even though there have been declines in pricing. S&P notes: “The...
Chadbourne & Parke Expands London Office; 5 Partners Join Firm
Jun 7 2005 // The international law firm of Chadbourne & Parke LLP announced that it is strengthening its insurance and reinsurance practice with the appointment of five partners from Denton Wilde Sapte. The partners will be joined...
SEC Complaint Details General Re Exec Role in AIG Reinsurance Scheme
Jun 7 2005 // The former chief executive officer of Cologne Reinsurance Company in Dublin, a General Reinsurance subsidiary, has agreed to plead guilty to federal criminal charge of conspiring with others to misstate certain financial...
Conn. AG Subpoenas Prudential
Jun 7 2005 // According to a Reuters report on Tuesday, Prudential Financial Inc. has received a subpoena from Connecticut Attorney General Richard Blumenthal asking for information about its participation in a number of reinsurance...
Undercover on Underwriting: Spitzer Spills AIG’s Secrets in Civil Complaint
Jun 6 2005 // AG Targets Ex-Execs Greenberg and Smith; AIG Restates Financials; Is Settlement Next? From the 1980s until recently, insurance giant American International Group and its top executives “routinely engaged in...
Undercover on Underwriting: Spitzer Spills AIG’s Secrets in Civil Complaint
Jun 6 2005 // AG Targets Ex-Execs Greenberg and Smith; AIG Restates Financials; Is Settlement Next? – Maurice “Hank” Greenberg, AIG CEO, 1992 From the 1980s until recently, insurance giant American International Group...
The British Are Coming! No – They’re Already Here
Jun 6 2005 // Over 200 years ago Paul Revere rallied the Minutemen with the cry: “The British are coming!” He’d be somewhat surprised to learn of today’s more benign invasion by a number of British insurance...
King’s Bay Reinsurance Licensed as Florida MGA
May 31 2005 // Intendant Holding Corporation of Vedra Beach, Fla. has received a license from the Florida Department of Financial Services for its insurance services subsidiary King’s Bay Insurance Services Inc., to operate as a...
S&P Raises Ratings on 7 Insurance Holding Companies
May 30 2005 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and debt ratings on seven unregulated insurance and reinsurance holding companies. S&P also raised its...
