Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Ratings Changes On MARC, Winterthur Int’l. Re
Jan 12 2001 // Standard & Poor’s lowered Winterthur International Reinsurance Co. Ltd.’s counterparty credit and insurer financial strength ratings from double ‘A’ to double ‘A-‘. A.M. Best,...
Swiss Re, Munich Re Start Joint Internet Venture
Dec 19 2000 // The world’s two largest reinsurers, Munich Re and Swiss Re, whose combined premiums total over $25 billion, have teamed up with Internet Capital Group, a leading B2B provider, and Andersen Consulting to launch...
eREINSURE.com Opens London Office
Dec 5 2000 // eREINSURE.com ™, a Salt Lake City based provider of e-commerce technology to the reinsurance industry announced that it was expanding its operations to Europe with the opening of a branch office in the Lloyd’s...
Fremont General Receives Regulatory Approval of Alternative Reinsurance Transaction
Nov 30 2000 // Fremont General Corporation’s ongoing property and casualty insurance subsidiaries have entered into certain agreements with the California Department of Insurance which, among other things, will allow these...
SCOR Signs Two Life Re Contracts For $200 Million
Nov 28 2000 // SCOR Group announced that its U.S. subsidiary, SCOR Life US Reinsurance Cy, formed following the acquisition of PartnerRe Life last April, has signed two major reinsurance contracts “representing total annual premium...
American Re Announces 3Q, Year-to-Date Results
Nov 14 2000 // American Re Corp., a member of the Munich Re Group and one of the leading writers of reinsurance in the U.S., reported net income to its common stockholder of $14.0 million for the quarter ended September 30, 2000,...
Evolving Weather Risk Market AttractsGrowing Number of Participants
Nov 13 2000 // Since its emergence just three years ago, the market for weather risks has become a significant new development on the radar screen of the reinsurance industry. “Weather is essentially a new class of risk that is now...
Imagine Reinsurance Holdings Founded in Bermuda
Oct 24 2000 // Trilon Financial Corp., one of Canada’s leading financial services companies, announced the formation of Imagine Reinsurance Holdings in Bermuda with initial capitalization of $200 million, which it hopes to increase...
Online Insurer Esurance Acquired by Folksamerica Holding Co.
Oct 23 2000 // A majority interest in Esurance Inc., a direct-to-consumer online provider of personal lines insurance, was acquired by Folksamerica Holding Co. Inc. It was just the right thing at the right time,” Jean-Bernard...
Esurance Aquired by Folksamerica Holding Co.
Oct 16 2000 // A majority interest in Esurance Inc., a direct-to-consumer, online provider of personal lines insurance, was acquired by Folksamerica Holding Company Inc. “It was just the right thing at the right time,”...
Conning Study Sees P/C Reinsurance Decline – ART Rise
Oct 12 2000 // “Demand for traditional property-casualty reinsurance will continue to decline over the next five years as primary insurers grow in size,” concludes a new study by insurance management specialists Conning...
Esurance Acquired by Folksamerica Holding
Oct 9 2000 // A majority interest in Esurance Inc., a direct-to-consumer online provider of personal lines insurance, was acquired by Folksamerica Holding Co. Inc. “It was just the right thing at the right time,”...
Fremont General Enters Reinsurance Agreement
Oct 3 2000 // Fremont General Corp. has entered into an adverse development reinsurance agreement with Fremont Indemnity, a subsidiary of Fremont General, and XL Mid Ocean Reinsurance Ltd, a subsidiary of XL Capital Ltd. This agreement...
S&P Affirms Corpa Reinsurance
Sep 18 2000 // The “Bpi” financial strength rating on Corpa Reinsurance Company was affirmed by S&P. The company wrote property and casualty treaty reinsurance on fire and commercial multiple lines peril. However,...
Guy Carpenter Reinsurance 2000 Report Sees Firming Market
Sep 14 2000 // Guy Carpenter, the reinsurance arm of Marsh Inc. has just issued a comprehensive 64 page study of the state and prospects for the property/casualty reinsurance market in the year 2000. The report sees an industry in...
Rendezvous Confirms Gloomy Reinsurance Outlook
Sep 11 2000 // The recently concluded Reinsurance Rendezvous 2000 in Monte Carlo confirmed the somber state of the industry. Although the delegates heard some good news, the consensus opinion was that the problems the industry has had...
Brandon Named CEO, Executive Vice President General Re
Aug 30 2000 // Joseph Brandon has been promoted to executive vice president of General Re Corp. and named vice chairman and chief executive of General Reinsurance Corp. Brandon will oversee all North American reinsurance and insurance...
UnumProvident Announces Reinsurance Agreements; To Sell Inactive Subsidiary to Allstate
Aug 29 2000 // UnumProvident Corp., the largest U.S. disability insurer, announced the signing of definitive agreements for a series of strategic transactions designed to more closely focus its operations on its core businesses and...
PAULA Financial Announces Reinsurance Partnership With Hannover
Aug 14 2000 // PAULA Financial announced that PAULA Insurance Company (PAULA) has entered into a prospective quota share reinsurance agreement with the Insurance Corporation of Hannover (ICH). The treaty terms allow for a variable...
Fremont General Posts $270 Million Quarterly Net Loss, Announces Strategic Reinsurance Plan
Aug 14 2000 // Fremont General Corporation reported a second quarter net loss of $268,073,000 comprised of a net loss from continuing operations of $270,318,000 and an after tax gain on the extinguishment of debt of $2,245,000. The...
