Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
AAI Says NYC Comptroller Shouldn’t Blame Insurers for City’s Problems
Nov 14 2002 // A report issued by New York City Comptroller William Thompson Jr. makes a very compelling argument for the need for a federal terrorism insurance bill, according to the Alliance of American Insurers. But the...
Dramatic Market Change Hits Professional Liability
Nov 11 2002 // For most law firms, 2002 and 2003 will be challenging years in respect to securing professional liability insurance. The “new market” is similar to that of the mid-’80s and has caused consolidation of...
ART Solutions on the Rise in Hard Markets
Nov 11 2002 // At a recent seminar on the use of alternative risk transfers (ART) in hard markets, “ART Solutions in a Time of Capacity Shortage,” global reinsurer Swiss Re, which hosted the event, noted that more and more of...
Swiss Re Report Urges Reinsurers to ‘Get-back-to-Basics’
Nov 11 2002 // Swiss Re has issued a new “Focus” report at the Baden-Baden reinsurance meetings urging the world’s reinsurers to “get-back-to-basics” in their approach to natural catastrophe underwriting as...
Federal Terrorism Backstop a Good Public/Private Fit
Nov 11 2002 // Benjamin Franklin wore many hats: statesman, inventor, publisher—even firefighter. In fact, it was his experience fighting fires that made him realize the need to pool financial resources to protect properties and found...
Federal Terrorism Backstop a Good Public/Private Fit
Nov 11 2002 // Benjamin Franklin wore many hats: statesman, inventor, publisher—even firefighter. In fact, it was his experience fighting fires that made him realize the need to pool financial resources to protect properties and found...
Atlanta Insurance Lawyer Appointed to Ga. Equal Opportunity Board
Nov 8 2002 // Attorney Lewis E. Hassett, chair of the Insurance & Reinsurance Dispute Resolution Group at Atlanta-based Morris Manning & Martin LLP, was appointed by Georgia Governor Roy Barnes to the Board of Commissioners of...
Platinum Formally Operational, A.M. Best Assigns ‘A’ (Excellent) Rating
Nov 5 2002 // A.M. Best Co. announced that it has assigned an initial financial strength rating of ‘A ‘(Excellent) to the reinsurance subsidiaries of Bermuda-based Platinum Underwriters Holdings Ltd., the company formed by...
CNA Completes Sale of London Reinsurance Company
Nov 1 2002 // CNA Financial Corporation announced that it has completed the sale of its London reinsurance operation, CNA Reinsurance Company Limited (UK), to Tawa UK Ltd., a subsidiary of Artemis Group, the diversified French holding...
Lincoln National Boosts Reserves After Selling Reinsurance Lines
Oct 29 2002 // Lincoln National Corporation of Philadelphia, parent company of the Lincoln Financial Group, announced plans to increase reserves related to reinsurance business sold to Swiss Re in 2001 by $270 million, or $175.5 million...
inreon Given ‘ACORD’ Certification
Oct 29 2002 // inreon, the Internet-based reinsurance trading platform, established by Swiss Re and Munich Re, announced that it has received certification for its implementation of data standards for facultative reinsurance placement...
Trenwick in Deal with Chubb Re, Begins Audit Study of Reserves
Oct 28 2002 // Bermuda-based Trenwick Group announced that its subsidiary, Trenwick America Reinsurance Corp., has entered into an underwriting facility with Chubb Re, Inc., a subsidiary of The Chubb Corporation. Trenwick also said that...
Reinsurance Market Tries to Reel In Profits
Oct 28 2002 // A year ago the reinsurance industry faced the biggest loss event in its history – the attacks on the WTC and the Pentagon. Nevertheless, commentators were almost unanimous in predicting that the market would harden,...
Reinsurance through an MGA: A Retail Agent’s Guide
Oct 28 2002 // Retail agents know where to turn when they have a specialized need, a difficult coverage to place, or any kind of excess or surplus line of business: the managing general agent. Due to the broad range of coverage options...
ART Solutions on the Rise in Hard Markets
Oct 28 2002 // At a recent seminar on the use of alternative risk transfers (ART) in hard markets, “ART Solutions in a Time of Capacity Shortage,” global reinsurer Swiss Re, which hosted the event, noted that more and more of...
Reinsurance and the Reaction to September 11
Oct 28 2002 // As I am writing this, President Bush is pushing Congress to consider the insurance terrorism bill that has been floating around Congress for months. When asked recently to describe what measures should be taken in order to...
Reinsurance Market Tries to Reel In Profits
Oct 28 2002 // A year ago the reinsurance industry faced the biggest loss event in its history – the attacks on the WTC and the Pentagon. Nevertheless commentators were almost unanimous in predicting that the market would harden,...
Reinsurance through an MGA: A Retail Agent’s Guide
Oct 28 2002 // Retail agents know where to turn when they have a specialized need, a difficult coverage to place, or any kind of excess or surplus line of business: the managing general agent. Due to the broad range of coverage options...
Swiss Re Report Urges Reinsurers to “Get-back-to-Basics”
Oct 25 2002 // Swiss Re announced that it has issued a new “Focus” report at the Baden-Baden reinsurance meetings urging the world’s reinsurers to “get-back-to-basics” in their approach to natural...
S&P Affirms Converium Ratings, Revises Outlook to Negative
Oct 24 2002 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Switzerland’s Converium Group to negative from stable, while reaffirming its single-‘A’-plus long-term...
