Latest Reinsurance Headlines

All the headlines from our Reinsurance Topic Page, ordered by recency.

Catlin, China Re Announce Strategic Partnership; New Lloyd’s Syndicate

Nov 18 2011 // Catlin Group Limited has announced the formation of a strategic partnership with China Reinsurance (Group) Corporation (China Re) that will result in the establishment of a special purpose syndicate at Lloyd’s of...

Fitch Affirms Everest Re’s Ratings; Outlook Stable

Nov 17 2011 // Fitch Ratings has affirmed the ratings of Everest Re Group, Ltd.’s debt-issuing holding company, Everest Reinsurance Holdings, Inc. and its subsidiaries. “Everest’s debt ratings are only one notch lower...

Aon Benfield Launches Updated UK Terrorism Cat Model

Nov 15 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., announced that it has updated its UK terrorism catastrophe model, which now “estimates the financial loss to life insurers from...

Johnson Brothers Head Towers Watson Reinsurance Office in North Carolina

Nov 15 2011 // In a move that expands its reinsurance brokerage business in the Southeast, global professional services company Towers Watson has established a brokerage operation in the Burlington-Greensboro, North Carolina...

FERMA Pushes Brazil to Relax Reinsurance Regulatory Restrictions

Nov 14 2011 // The Federation of European Risk Management Associations (FERMA) announced that it has sent “specific recommendations to the Brazilian insurance regulator SUSEP to limit the impact of regulations 225 and 232 on market...

Munich Re Posts $400 Million Q3 Profit in a ‘Difficult’ Year

Nov 8 2011 // Munich Re announced third-quarter profit “in a difficult environment” of €290 million [$400 million], compared to €761 million [$1.05 billion] in Q3 2010. The world’s largest reinsurer singled out the...

Insurance Groups Laud State Regulators’ Action to Reduce Reinsurance Collateral

Nov 8 2011 // State insurance regulators have approved a new model law and regulation on credit for reinsurance that allows some foreign reinsurers to post reduced collateral. The new rules and regulations, which have taken 12 years to...

Best Affirms Hannover Re and Subs ‘A’ Ratings; Outlook Positive

Nov 7 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Hannover Rueckversicherung AG (Hannover...

People

Nov 7 2011 // Novato, Calif.-based Fireman’s Fund Insurance Co. has named David Zona as chief underwriting officer and Kathleen Zortman as chief field executive. Zona is responsible for setting the direction and priorities for...

Lloyd’s Analyzes Baden-Baden Reinsurance Renewal Conclave

Nov 4 2011 // An article on the Lloyd’s website takes a look at the “insurance and reinsurance specialists,” who “converge in Baden-Baden to begin their ‘renewal season’ discussions in earnest and in...

Swiss Re Reports $1.3 Billion Q3 Net Income; Minimal Sovereign Debt Exposure

Nov 3 2011 // Swiss Re reported more good news, following the ratings upgrade from Standard & Poor’s. The world’s second largest reinsurer posted $1.3 billion net income in the third quarter of 2011, compared to $600...

S&P Upgrades Swiss Re and Core Subsidiaries to ‘AA-‘; Outlook Stable

Oct 31 2011 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Zurich-based reinsurer Swiss Reinsurance Co. Ltd., and its core subsidiaries (collectively...

Hedge Fund Guru Cohen to Set up Reinsurance Business

Oct 28 2011 // Steven A. Cohen, who built one of the world’s biggest and most successful hedge funds, is branching out and plans to set up his own reinsurance firm, two people familiar with the matter said. Cohen, who runs $14...

Best Affirms Munich Re, Subsidiaries, Munich Re America ‘A+’ Ratings

Oct 28 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company and its subsidiaries. Best also affirmed all...

Munich Re: ‘Uncertainty,’ Economic Crisis, Challenge Re/insurers

Oct 25 2011 // A bulletin from Munich Re names the “sovereign debt crisis in Europe and the USA, a sustained phase of low interest rates and heavy natural catastrophe burdens,” as well as general uncertainty in the...

Best’s Managing Director-Europe: Solvency II is Coming to an Insurer near You

Oct 24 2011 // Stefan Holzberger, A.M. Best’s managing director-analytics, recently moved to London from the U.S. He is well placed to analyze the impact of the European Union’s Solvency II regulations, not only on the...

Best Affirms Lloyd’s Syndicate 2010, Cathedral Capital Ratings

Oct 18 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2010, which is managed by...

Bermuda Re/Insurers Announce Q3 Cat Loss Estimates

Oct 17 2011 // A number of Bermuda-based re/insurers have announced their respective loss estimates for the third quarter of 2011. The figures given include loss adjustment expenses, and are net of any applicable reinsurance recoveries,...

California Rep. Bill Would Lower Earthquake Insurance Costs

Oct 17 2011 // California’s U.S. Rep. John Campbell (R) recently introduced legislation similar to a bill introduced by U.S. Sen. Dianne Feinstein (D) earlier this year that would strengthen the nation’s natural disaster...

Best Affirms QBE’s US Subsidiaries Ratings; Upgrades North Pointe

Oct 13 2011 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a+” from “a-” of Harrisburg,...