Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
CAS Spring Meeting Predicts Hard Markets to Continue
Jun 21 2002 // Many of the events that made 2001 the worst year ever for property/casualty insurance will continue to keep the industry in a hard market throughout of this year, said panelists at the Spring Meeting of the Casualty...
XL to Restructure Reinsurance Operations Integrating Le Mans Re
Jun 18 2002 // Bermuda’s XL Capital Ltd. announced that plans are under way to restructure some of its reinsurance operations, primarily by fully integrating French-based Le Mans Re into its company structure. XL acquired a...
S&P Affirms ING Re’s ‘AA+’ Ratings
Jun 17 2002 // Standard & Poor’s has affirmed its double-‘A’-plus counterparty credit and insurer financial strength ratings on ING Re (Netherlands) N.V. with a negative outlook, following its annual review of the...
Insurers & Contractors Trying to Nail DownProper Coverage
Jun 10 2002 // If you’re placing coverage for contractors, there are three factors that determine what obstacles you will encounter: location, location, location. The real question is whether it will stay that way or whether...
ACORD HONORS COMPANIES AT 2002 CONFERENCE
Jun 10 2002 // The 2002 ACORD Conference “Real World Solutions” wrapped up with a host of companies and individuals taking home awards for their performances over the last year in the industry. Among the winners were:...
Insurers & Contractors Trying to Nail Down Proper Coverage
Jun 10 2002 // If you’re placing coverage for a client who is a contractor, there are three factors that determine what obstacles you will encounter: location, location, location. The real question, however, is whether it will stay...
Kemper FSR Lowered
Jun 10 2002 // A.M. Best Company lowered the financial strength rating to “A-” from “A” of the Kemper Insurance Companies, Long Grove, Ill. It also assigned a “bbb-” rating to the surplus notes issued...
Allied World Names William Davis Jr. as Sr. VP-Reinsurance
Jun 7 2002 // Bermuda’s Allied World Assurance Company announced the appointment of William Davis Jr. as Senior VP of its Reinsurance Department, based at the company’s new headquarters and operational center in...
Merrill Lynch Forms Bermuda Reinsurance Co.
Jun 6 2002 // Merrill Lynch has established a reinsurance company in Bermuda, the fourth U.S. investment bank, after Goldman Sachs, Lehman Brothers and J.P. Morgan Chase, to do so. According to a report from Reuters News Agency, Merrill...
S&P Midyear Report Negative on Reinsurers
Jun 4 2002 // Standard & Poor’s midyear survey of the reinsurance industry highlights a number of problems, with the effects of low returns from competitive pricing, high loss ratios, low investment returns and new...
PIANH Conference Hears Candid Discussion on Insurance Market
May 30 2002 // The annual Conference of the Professional Insurance Agents of New Hampshire (PIANH) featured a panel discussion on the hardened insurance market, entitled “Market Conditions and Strategies for 2002,” Moderated...
Munich Re Reports Strong Q1 Gains
May 28 2002 // In a statement released Monday, Munich Re, the world’s largest reinsurer, reported across the board gains for the first quarter with operating profits reaching £700 million ($645.5 million). The giant insurer...
European Commission Approves inreon Online Reinsurance Exchange
May 27 2002 // The European Commission, the European Union’s highest regulatory authority, has approved inreon the joint venture established by Swiss Re and Munich Re in December 2000, to provide online reinsurance exchange...
Capital and The Insurance Industry-A Love/Hate Relationship
May 27 2002 // Capital fuels the insurance industry. It constitutes the reserves, pays the claims, and provides the investment funds necessary to make a profit (excepting an aberration like 2001). If the industry were a car or an...
ACORD Notes Performances of Companies, Individuals at 2002 Conference
May 23 2002 // Orlando—The 2002 ACORD Conference “Real World Solutions” wrapped up May 21 with a host of companies and individuals taking home awards for their performances over the last year in the industry. Among the...
RI3K to Host Conference on Reinsurance Exchange Technology
May 23 2002 // RI3K, the London-based reinsurance exchange, announced that it will host a conference in Brussels June 19-20, bringing together major reinsurance industry participants for a 24 hour “Think Tank” called...
St. Paul Re Names Michael D. Price Chief Underwriting Officer; Will Join Platinum
May 21 2002 // The St. Paul Companies announced that Michael D. Price, 35, has been appointed chief underwriting officer at St. Paul Re, the group’s reinsurance operation, and eventually will hold the same post at Platinum...
S&P Affirms Everest Re (U.S.) ‘A-‘ Rating, Outlook Positive
May 21 2002 // Standard & Poor’s said that it has affirmed its single-‘A’-minus counterparty credit and senior debt ratings on U.S.-based Everest Reinsurance Holdings Inc., an intermediary holding company that is...
XL’s Reinsurance Units Launch New Website
May 14 2002 // XL Re Ltd, XL Re Latin America LTD, Le Mans Re and XL Reinsurance America, Inc., the reinsurance operations of Bermuda’s XL Capital LTD, announced the launch of their new joint website: http://www.xlre.com...
Lloyd’s Change to Annual Accounting Results in $4.5 Billion Loss Estimate
May 13 2002 // Lloyd’s decision to begin reporting its syndicates profits and losses on an annual basis, rather than over three years, proved costly. Last year’s losses are estimated at £3.11 billion ($4.5 billion) overall,...
