Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Workers’ Comp Texas, A League of its Own
Mar 25 2002 // One of the many singular phenomena that sets Texas apart from the rest of the U.S. is the fact that it is the only state in the Union that does not require its employers to participate in the workers’ compensation...
Workers’ Comp TexasA League of its Own
Mar 25 2002 // One of the many singular phenomena that sets Texas apart from the rest of the U.S. is the fact that it is the only state in the Union that does not require its employers to participate in the workers’ compensation...
Fitch Ratings Assigns ‘AA’ To GE Global
Mar 25 2002 // Fitch Ratings has assigned a ‘AA’ long-term issuer rating to GE Global Insurance Holdings, Corp. (GE Global) and affirmed the ‘AAA’ insurer financial strength rating of Employers Reinsurance Corp....
GE ERC Forms Global P&C Reinsurance Business
Mar 22 2002 // GE’s Employers Reinsurance Corporation announced it will form a single global property & casualty reinsurance business by combining its Property and Casualty Re Americas and Europe/Asia operating units. Rick...
Taiwan’s Insurers May Face Reinsurance Problems Says SP
Mar 19 2002 // Standard & Poor’s warned that Taiwan’s property and casualty insurance sector is “likely to face a tough year in 2002 due to hardening rates and structures offered by the global reinsurance market...
Converium Posts $367.4 Million Net Loss for 2001
Mar 18 2002 // Converium Holding Ltd, the Swiss-based reinsurer, formed by the spin-off of Zurich Financial’s reinsurance operations, reported a net after tax loss of $367.4 million for the year 2001, due in large part to the...
GE Mulling Plan to Spin off P&C Business
Mar 18 2002 // As a result of losses and uncertainty in the industry, General Electric is considering a plan to spin off its property/casualty business, according to the Wall Street Journal. The plan may include an initial public...
Swiss Re Panel Expecting Challenges for 2002
Mar 14 2002 // A panel assembled for the annual Swiss Re U.S. Insurance/Reinsurance Industry Forum March 13 in New York City noted that the next 18 months will offer numerous challenges to the industry. The analysis concluded that both...
Lloyd’s Seems to be Weathering the Storm
Mar 11 2002 // After the record losses from the WTC attacks, two cash calls, a buffeting by the rating agencies, a proposed reorganization of its basic financial structure and an audit by the National Assoc-iation of Ins-urance...
Lloyd’s Seems to be Weathering the Storm
Mar 11 2002 // Elton John’s “I’m Still Standing” could become Lloyd’s theme song—it’s a better fit than “Candle in the Wind.” After the record losses from the WTC attacks, two cash calls,...
Global-Reinsurance Industry Foresees Growth in Online Services
Mar 11 2002 // If anyone needs proof that the Internet is no longer a curiosity, the reinsurance industry is a good place to start looking. Reinsurance companies aren’t generally known for the rapidity with which they adopt...
NAPSLO Mid-Year Meeting Largest in Association’s History
Mar 11 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) held its mid-year meeting Feb. 24-27 in San Antonio, Texas—the largest such meeting in the history of the association. Originally scheduled for last...
St. Paul Chooses New Head of Reinsurance Unit
Mar 8 2002 // St. Paul Cos Inc. has named Jerome Fadden as head of its reinsurance operation, replacing James Duffy, who is retiring. Fadden becomes head of St. Paul Re, effective immediately, after being executive vice president and...
AIG Subsidiaries Sue Reinsurer for Sept. 11 Losses
Mar 5 2002 // A group of subsidiaries of American International Group have filed suit in a Manhattan Court against one of AIG’s catastrophe reinsurers, the American National Insurance Co., for purportedly failing to make payment...
ACORD Delivers eCommerce Software Solution Survey
Mar 5 2002 // ACORD has created a survey to determine what eCommerce solution providers can offer to interested insurers, brokers and reinsurers to utilize the ACORD reinsurance standards (formerly known as the Joint Venture or...
W.R. Berkley Corp. Names Appointments to Berkley Capital Underwriters
Mar 4 2002 // W. R. Berkley Corporation announced the appointments of Richard Agatstein and Joan E. Kapfer, each to the office of senior vice president of Berkley Capital Underwriters, LLC, a recently formed specialty reinsurance...
RIMS President Testifies before Congress
Mar 1 2002 // The Risk and Insurance Management Society, Inc.’s President, David Mair, testified Feb. 28 before the House Financial Services Subcommittee on Oversight and Investigations on the necessity of terrorism insurance...
Gerling Global Reinsurance President and COO Announces Retirement
Feb 27 2002 // Gerling Global Reinsurance Corporation of America (GGRCA) President and Chief Operating Officer Thomas J. Tartaro has announced his retirement. Tartaro joined GGRCA in 1997 as Executive Vice President and member of the...
Catastrophe Modeling-Feeding the Risk Transfer Food Chain
Feb 25 2002 // The increasingly sophisticated business of constructing catastrophe models is driven by three main imperatives: what are the chances of a given event happening; what are the upper and lower limits of a catastrophic...
Catastrophe Modeling-Feeding the Risk Transfer Food Chain
Feb 25 2002 // The increasingly sophisticated business of constructing catastrophe models is driven by three main imperatives: what are the chances of a given event happening; what are the upper and lower limits of a catastrophic...
