Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
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...
Acordia Inc. Forms Reinsurance Division
Oct 23 2002 // Acordia Inc. announced the formation of Acordia RE. The new global reinsurance intermediary, offering a full spectrum of services to plan, design and implement insurance, reinsurance and risk programs, operates as a...
Earnings Report: RenRe, Everest Re Post Strong 3Q Gains
Oct 22 2002 // Increases in premiums and higher demand for reinsurance seems to be offsetting falls in equity values, as two of Bermuda’s leading reinsurers, RenaissanceRe and Everest Re, posted strong third quarter...
S&P Downgrades SCOR Ratings to ‘A’ from ‘A+’
Oct 22 2002 // Standard & Poor’s Ratings Services announced that it has lowered its long-term insurer financial strength and counterparty credit ratings on France’s SCOR and its subsidiaries to single-‘A’...
Baden-Baden Reinsurance Meeting Likely to Focus on Rate Increases
Oct 21 2002 // Reinsurers are set to meet with brokers and cedants next week in Baden-Baden, the German city famous for its spa, to discuss renewal terms, and the main subject is likely to be premium increases. The industry is now more...
NAII Calls on Congress to Act on Terrorism Reinsurance Legislation Before Adjournment
Oct 16 2002 // If Congress adjourns without reaching a final agreement on terrorism reinsurance legislation, insurance markets for such coverage will continue to be plagued by availability and affordability issues, particularly for...
A.M. Best Lowers Ratings on GE Global Insurance and Affiliates
Oct 15 2002 // A.M. Best Co. announced that it has lowered the financial strength ratings to A+ (Superior) from A++ (Superior) of Employers Reinsurance Corporation (ERC) and its affiliated domestic and international non-life and life...
