Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
D&O Premiums Decline for First Time Since 1999; Hard Market to Return by 2006 Predicts Tillinghast
Dec 7 2004 // Tillinghast’s Directors & Officers (D&O) liability insurance premium index dropped 10 percent from 2003 to 2004, the first decline since 1999, according to the 2004 Directors & Officers Liability...
XL Reorganizes Global Management Structure
Dec 7 2004 // Bermuda’s XL Capital Ltd. announced that it is creating two new senior executive positions in recognition of the continuing development of its organizational structure and global management. Executive Vice President,...
Ill Winds Blow but the Ship Remains on Course
Dec 6 2004 // This year’s annual report on the reinsurance industry is a bit later than usual. It seems that beginning in August the voyage was interrupted by some serious storms, and it was hard to catch up to the boat as it...
Partners Continue to Come and Go, But It’s a Great Time to Jump in the Game
Dec 6 2004 // Partners Continue to Come and Go, But It’s a Great Time to Jump in the Game Program business over the past 10-15 years has been a rocky road for the insurance industry. Companies are in the game today, but gone...
European Insurance Summit 2004 Offers Some Words to Live By
Dec 6 2004 // Rating agencies are a reality, and we have to live with them,” Martin Kauer, CFO, Converium AG. “Market share is the enemy of risk management,” Brian O’Hara, president and CEO, XL Capital....
S&P Withdraws I.O. Re Ratings at Company Request
Dec 6 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A’ counterparty credit and financial strength ratings on Inter-Ocean Reinsurance Co. Ltd. (IO Re) and subsequently withdrew its...
S&P Affirms Centre Solutions Ratings; Withdrawn at Company Request
Dec 6 2004 // Standard & Poor’s Ratings Services announced that it has removed its ‘BBB-‘ ratings on Centre Solutions (Bermuda) Ltd. and related operating companies from CreditWatch, where they were placed on...
AIG’s Greenberg Predicts ‘Leaner, More Responsive’ Insurance Brokers in Wake of Investigations
Dec 2 2004 // The chairman and chief executive officer if AIG said he thinks the ongoing broker investigations will cost large insurance brokers some of their top people and eventually make brokers leaner and more responsive to...
Swiss Re Insurance Review Sees Continued Profits; Slower Premium Growth
Dec 2 2004 // Swiss Re held its annual review and outlook on insurance markets in London yesterday, Dec.1. Looking to the future, the company predicted that the life and non-life industry’s 2004 return to profitability would...
RAA Survey Says U.S. Reinsurers Wrote $22.3 B in 3Q
Nov 29 2004 // According to a survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America (RAA), a group of 27 of the leading U.S. property/casualty reinsurers wrote $22.3 billion of net...
Aon Re Services Appoints Jean-Mairet as Director – Structured and Traditional Life Reinsurance – Europe
Nov 24 2004 // Aon Re Services Global Accident, Health and Life announced that Eduardo Jean-Mairet has joined the Life practice group as Director – Structured and Traditional Life Reinsurance (Europe). “He will use his...
Best Affirms Imagine’s ‘A-‘ Rating
Nov 23 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of the Barbados-based Imagine Insurance Company Limited, and has assigned the company an “a-” issuer...
Best Affirms Korean Re ‘A-‘ Rating
Nov 23 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Korean Reinsurance Company with a stable outlook. “The rating reflects the company’s continuous...
S&P Raises White Mountains Group Outlook to Positive
Nov 22 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on White Mountains Insurance Group Ltd. (WTM), Fund American Cos. Inc., Folksamerica Reinsurance Co. and Sirius International...
Mutual Risk Management Reports Hancock Motion to Dismiss Lawsuit Denied
Nov 22 2004 // Mutual Risk Management Ltd. (MRM) announced on Monday that the federal judge presiding over its multi-million dollar claim for tortious interference against John Hancock Life Insurance Company (Hancock) has denied...
The Hartford Purchases Collateralized CAT Reinsurance From Foundation Re
Nov 19 2004 // The Hartford Financial Services Group Inc. has acquired $247.5 million of multi-year, collateralized catastrophe reinsurance from Foundation Re Ltd., a Cayman Island reinsurance company. The new reinsurance coverage is...
Best: No Ratings Changes from Finite Reinsurance Probe
Nov 19 2004 // A.M. Best Co. has released a statement indicating that it “does not anticipate the re-evaluation of ratings as a result of the increased scrutiny of finite reinsurance transactions by regulators and other interested...
CNA Financial Corp., Subs Have Ratings Affirmed
Nov 19 2004 // Standard & Poor’s Ratings Services has affirmed its ‘BBB-‘ counterparty credit rating on CNA Financial Corp. (NYSE:CNA) and its ‘A-‘ counterparty credit and financial strength ratings on...
S&P Report Explains Financial-Engineering Probe
Nov 17 2004 // Standard & Poor’s has issued a bulletin “in response to media reports that the New York Attorney General, the SEC, and other authorities are initiating new investigations of insurance companies in...
ACE Announces Executive Changes in Europe, Bermuda
Nov 16 2004 // Bermuda’s ACE Limited has announced several executive appointments, as follows: — Andrew Kendrick, currently president and CEO of ACE Bermuda, has been named chairman and CEO of ACE European Group. —...
