Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Best Assigns ‘A’ Rating to Swiss-based Catlin Re
Dec 31 2010 // A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating (ICR) of “a” to Catlin Re Switzerland Ltd, the newly formed...
Guggenheim to Reinsure Standard Life of Indiana in Reorganization
Dec 31 2010 // Indiana Insurance Commissioner Stephen W. Robertson announced that Guggenheim Life and Annuity Co. will reinsure policies originally issued by Standard Life Insurance Company of Indiana, which has been in rehabilitation...
Willis Re: Overcapacity Keeps Renewal Rates in Reinsurance Down
Dec 31 2010 // “Overcapitalization in the reinsurance market continues to gradually push rates downwards with price reductions at the January 1, 2011 reinsurance renewals averaging between 5 percent and 10 percent, according to the...
2011 Outlook: Too Much Capacity + Stagnant Demand = a Soft Market
Dec 31 2010 // A quick, and as yet incomplete, survey of re/insurance industry leaders indicates that the main concern they will have to deal with in the coming year isn’t climate change, or Solvency II, but the insurance...
Reinsurance Renewal Rates On the Decline, Reports Claim
Dec 30 2010 // Reinsurance rates for 2011 are falling at the same or greater pace than traditional insurers and further softening of the market is to come, according to two industry reports. For the second year in a row, global...
Ratings Roudup: PMG (Sony), Qatar General, Al Ittihad
Dec 28 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Bermuda-based PMG Assurance Ltd., both with stable outlooks. The ratings...
Best Affirms Transatlantic Holdings and Subs ‘A’ Ratings of
Dec 28 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of new York-based Transatlantic Reinsurance Company, Swiss-based Trans Re...
Best Europe Affirms ‘A’ Ratings of HDI, Gerling, Talanx Companies
Dec 28 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Germany’s HDI...
Catastrophes Top 2010 List of Major Global Insurance Events
Dec 23 2010 // Natural and man-made catastrophes topped the list of the most significant events in 2010, with three major earthquakes, a near record number of hurricanes, some serious typhoons and windstorms, a volcanic eruption and a...
Aon Benfield Licenses ReMetrica to Bahrain’s Q-Re
Dec 21 2010 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has licensed ReMetrica – its flagship capital modeling tool – to Bahrain-based Q-Re, a Middle East reinsurer. “ReMetrica...
S&P Rates Catlin Re ‘A’; Sees ‘Key Benefits’ from Swiss-based Subsidiary
Dec 21 2010 // Standard & Poor’s Ratings Services has assigned its ‘A’ counterparty credit and financial strength ratings to Switzerland-based Catlin Re Switzerland (CRCH), a new insurance entity created as a...
ACE Launches Operation in Dubai International Financial Centre
Dec 20 2010 // The ACE Group of insurance and reinsurance companies announced that it has been granted a license from the Dubai Financial Services Authority to establish a wholly owned subsidiary in the Dubai International Financial...
Fact or Fiction? Insurance Tidbits of Known and Little-Known Information
Dec 20 2010 // Have you ever wondered what big events helped shape regulation of the current U.S. insurance industry? Or if drivers of certain cars have more risk? What about the most attractive insurance job in the industry? These are...
Best Affirms Amlin AG’s ‘A’ Ratings
Dec 17 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Swiss-based Amlin AG, a reinsurance subsidiary of...
Aon Benfield Releases Annual Cat Report; Insured Losses at $38 Billion
Dec 17 2010 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, has released its Annual Global Climate and Catastrophe Report, which reviews the natural disaster perils that occurred worldwide...
Allied World Reinsurance U.S. Launches Global Marine, Specialty Division
Dec 15 2010 // Allied World Reinsurance has launched a global Marine and Specialty Division that will initially offer reinsurance for marine, aviation, satellite and crop reinsurance on a global basis. Allied World Re U.S. has appointed...
Catlin Re Switzerland Receives Approval from Swiss Regulators
Dec 8 2010 // Catlin Group Limited, the international specialty property/casualty insurer and reinsurer, announced that its reinsurance subsidiary, Catlin Re Switzerland Ltd. has received approval from the Swiss Financial Market...
Donegal Group Inc. Acquires Michigan Insurance Co.
Dec 7 2010 // Donegal Group Inc. announced that it had completed the acquisition of Michigan Insurance Co., which was formerly a majority-owned subsidiary of West Bend Mutual Insurance Co. The final purchase price will be calculated...
P/C Insurers, Reinsurers Put Positive Spin on Federal Regulatory Role
Dec 6 2010 // The federal government’s new role in insurance regulation poses significant challenges and opportunities for the insurance industry, according to insurer trade group executives. The establishment of the Federal...
Guy Carpenter Survey: Program Administrators Say Business Stable But Less Profitable
Dec 5 2010 // The current insurance program market is mature and stable, with business estimated at $20 billion, but profitability may be declining, according to a new survey of program administrators (PA) and managing general agents...
