Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Fitch: Survey Finds P&C Insurers’ Profits Up; Reinsurers Recovering
Mar 18 2013 // “Property/casualty insurers’ operating profits improved in 2012, driven by reduced incurred losses from natural catastrophes and core loss ratio improvements from recent underwriting and pricing actions,”...
RAA: U.S. Reinsurers Had Higher Profits, Improved Underwriting Results in 2012
Mar 15 2013 // The Reinsurance Association of America (RAA) said a group of 19 U.S.-based property/casualty reinsurers reported higher net written premiums and net income for 2012 compared to 2011. The RAA said Thursday that a survey of...
Aon Benfield’s Impact Forecasting Launches New Cat Scenario Models
Mar 14 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched a suite of new scenario models to generate loss estimates for specific historic or hypothetical events. The bulletin...
Markel Names Falvey Director of Public Entity Product Line For West
Mar 12 2013 // Brendan Falvey was named director of the public entity product line for the Markel Corp.’s West Region. Falvey is responsible for managing existing West Coast public entity client and broker relationships and...
International Insurers, Reinsurers to Shoulder Half of Sandy Losses
Mar 11 2013 // International insurance and reinsurance companies are expected to cover half of total insured losses from Superstorm Sandy, an industry association said. Estimated losses from Superstorm Sandy currently stand at over $16...
India Set to Halt Iran Oil Imports over Refinery Insurance Coverage
Mar 8 2013 // India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the oil will no longer be covered due to Western sanctions, the head of refiner MRPL said on...
Re/insurance Industry Social Media ‘MySlipcase’ Marks 9 Months
Mar 7 2013 // MySlipcase, a social media platform developed specifically for the global insurance and reinsurance industry, reported high growth in the nine months since it was launched. The company said its website now has 342...
Miller Insurance Continues Expansion in France; Hires 3 Reinsurance Execs
Mar 6 2013 // UK-based Miller Insurance Services announced that it has increased its presence in the French market with the hiring of three senior reinsurance executives: Stéphane Nadjar, Eric Le Mercier and Emmanuel Figuereau. James...
XL Group Opens Facultative Reinsurance Office in Dallas
Mar 4 2013 // XL Group plc’s reinsurance operations opened a Dallas, Texas, office led by Dean Wolfe who was recently promoted to manager of XL’s newly created property facultative western region. Wolfe, who has more than 15...
Best Upgrades Transatlantic Holdings and Subs ICR’s; Affirms ‘A’ Ratings
Mar 1 2013 // A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Transatlantic Reinsurance Company...
International Insurers, Reinsurers to Shoulder Half of Sandy Losses: ABIR
Feb 28 2013 // International insurance and reinsurance companies are expected to cover half of total insured losses from Superstorm Sandy, an industry association said Thursday. Estimated losses from Superstorm Sandy currently stand at...
Gunther Saacke Appointed CEO of Doha-based Q-Re
Feb 25 2013 // Q-Re’s Board of Directors announced the appointment of Gunther Saacke as the reinsurer’s new CEO, leading “a team of senior and well-known reinsurance professionals in order to transform Q-Re into a...
Faure Joins Endurance as CEO-Global Reinsurance
Feb 20 2013 // Bermuda-based Endurance Specialty Holdings announced that Jerome Faure will be joining the company on March 11, 2013 as CEO, Global Reinsurance. He will be responsible for Endurance’s North America, Bermuda and...
Fitch Concludes Indonesian Flood Losses Manageable for Non-Life Insurers
Feb 20 2013 // Fitch Ratings said it does not expect insured losses from the recent flooding in Jakarta, Indonesia in January to trigger widespread solvency problems or excessive financial strain on the balance sheet of non-life insurers...
Goals of the U.S.-EU Free Trade Agreement; Re/Insurance Regs Reconsidered
Feb 13 2013 // Negotiations for a free-trade agreement between the United States and the European Union are set to begin within months, almost two decades after the idea was first floated between the world’s two largest...
Aspen Posts $2 Mn Q4 Net Income; FY $280.4 Mn; No Plans to Exit U.S. Property
Feb 13 2013 // Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $2.0 million for the fourth quarter of 2012, compared to $12.4 million in Q4 2011. After tax net income for the full year was $280.4 million,...
Florida Lawmakers Unveil Property Reform Proposals
Feb 11 2013 // Florida lawmakers’ first draft of a property reform emphasizes depopulating and diverting policies from Citizens Property Insurance Corp., the state-backed property insurer that has 1.3 million policyholders. The...
Arch to Acquire Interests in California Firm From Bankrupt PMI
Feb 8 2013 // Arch Capital Group Ltd., through its U.S.-based subsidiaries (Arch U.S. MI), will acquire all outstanding equity interests in San Francisco, Calif.-based CMG Mortgage Insurance Co. from bankrupt Arizona-based PMI Mortgage...
Court Says Trial Must Decide Travelers, Reinsurers Asbestos Case
Feb 8 2013 // New York state’s highest court on Thursday said a trial must determine whether Travelers Cos. deliberately structured a nearly $1 billion asbestos settlement to force its reinsurers to pay more than their fair...
Lockton Re Hires New Execs to Strengthen Global Reinsurance Capabilities
Feb 6 2013 // Privately-owned Lockton and its specialist reinsurance division, Lockton Re, announced the strengthening of its global brokerage and client relationship capabilities, with a number of senior level hires both in London and...
