Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
FERMA:Brazil’s Response on Regulation Change Complaints O.K.;More Needed
Apr 18 2011 // The Federation of European Risk Management Associations (FERMA) described the Brazilian government’s response to complaints about proposed changes in re/insurance regulations as “a good first step” in...
Best Affirms Flagstone Re’s Ratings; Outlook Revised to Negative
Apr 18 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Flagstone Reassurance Suisse S.A. and Flagstone Alliance Insurance and...
ABIR Reports 2010 Results for Bermuda’s Re/Insurers; $11.4 Bn Net Income
Apr 18 2011 // The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2010 global underwriting results for its 22 member (re)insurers – companies that write insurance and reinsurance from underwriting centers in...
Reinsurance Rates Up, But Few Agree How Much
Apr 18 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
United Fire Estimates $10 Million in Q1 Cat Losses
Apr 15 2011 // Cedar Rapids, Iowa-based United Fire & Casualty Co. announced that it will record $10 million in pre-tax losses related to certain first quarter catastrophe losses incurred in the company’s assumed reinsurance...
Towers Watson Names Comis, Albert to Reinsurance Brokerage Team
Apr 12 2011 // Towers Watson has named Darrell Comis, senior vice president, and David J. Albert, vice president, in its Reinsurance Brokerage business. Comis, based in the company’s Stamford, Conn. offices, will be responsible for...
Reinsurance Rates Rising, But Few Agree Where, How Much
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Reinsurance Rates Are Rising, but Few Agree Where
Apr 6 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Lloyd’s Chaucer in Deal for First Russian Coverholder
Apr 6 2011 // Chaucer Syndicates Limited announced a new partnership with Nakhodka Re in Moscow and RFIB Ltd in London to launch SeaLine, as the first Lloyd’s coverholder in Russia. “Chaucer and RFIB acted as sponsors to...
Japan Quake Reveals Cracks in Insurance System – Part II
Apr 6 2011 // The first part of this article appeared on the IJ’s web site on April 5. PRICE PRESSURE Earthquakes may not be linked to each other, but they are linked to the financial markets, as anyone who has invested in...
Amlin Estimates Claims from Q1 Catastrophes
Apr 5 2011 // Specialist insurer Amlin plc has released initial estimates of the impact of the 2011 New Zealand earthquake, the Japanese earthquake and the 2011 Queensland floods. The bulletin described the 2011 New Zealand earthquake...
Florida Approves Arch Re Under Reduced Collateral Law
Apr 4 2011 // Florida has added another company to its growing list of reinsurers that are taking advantage of a state law that allows it to reduce its capital requirement. Arch Reinsurance Limited, a Bermuda-based reinsurer, received...
Aon Benfield Report: Despite Catastrophes, Reinsurance Rates Remain Stable
Apr 4 2011 // Aon Benfield’s most recent evaluation of the state of the reinsurance market, as of April 1, concludes that it performed “as intended through recent events,” and that it continues “to provide...
AXIS Global A&H Names Smart, Berkshire to International Team
Apr 4 2011 // AXIS Global Accident & Health, a division of AXIS Capital Holdings Limited, announced two senior additions to its International operation, based in London. Rob Smart has been named Senior Vice President and...
Reinsurance Rates May Rise with Japan Loss Estimates
Apr 4 2011 // Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, as one analyst said reinsurers did not appear to be raising rates fast enough to compensate for the March...
Officials Look to Curb ‘Rebating’ in Sales of Federal Crop Insurance
Apr 1 2011 // Farmers and insurance agents who sell them federal crop insurance policies may soon be required to certify that they are not participating any rebating or incentive schemes related to the purchase of those policies. The...
Willis Re: Japan Quake Not Enough to Turn Soft Market
Mar 31 2011 // A report from Willis Re, the reinsurance brokerage arm of Willis Group Holdings, notes that “relatively orderly price movements at the April 1 Japanese reinsurance renewals reveal that the Tohoku Earthquake is not...
Cat Bond Investors Braced for Japan Disaster Hit
Mar 30 2011 // The Japanese earthquake is set to be the first natural disaster that triggers a number of catastrophe bonds, surpassing Hurricane Katrina to become the event with the biggest impact on the alternative reinsurance...
Florida Allows Reinsurer Alterra Bermuda to Reduce Collateral
Mar 29 2011 // Another reinsurer has stepped forward to take advantage of a Florida law that allows it to lower its collateral and still conduct business in the state. Florida regulators announced that Alterra Bermuda Limited has been...
Japan Reinsurance Prices Should Rise 50%: Analyst
Mar 28 2011 // Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, as one analyst said reinsurers did not appear to be raising rates fast enough to compensate for the March...
