Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Willis Re, Thomson Reuters Launch Online Catastrophe Price Index
Apr 28 2009 // Willis Re, the reinsurance arm of global broker Willis Group Holdings, and Thomson Reuters today announced the launch of the Willis Re Catastrophe Price Index™ on the Thomson Reuters Insurance Linked Securities...
Florida’s Property Insurance Market: An Overview by Commissioner McCarty
Apr 24 2009 // It is always interesting, and frequently amusing, to read various “research” pieces on the Florida property insurance market. While I, like every other insurance regulator, industry professional and observer in...
Agnew to Be Inducted Into Iowa Insurance Hall of Fame
Apr 21 2009 // Dan F. Agnew, president and CEO of Iowa-based Grinnell Mutual Reinsurance Company, will be inducted into the Iowa Insurance Hall of Fame on May 21, 2009. The induction ceremony will take place at the Olmsted Center on the...
A New York State of Mind
Apr 20 2009 // Superintendent Eric Dinallo Redefines the Role of Regulator in the Insurance Industry New York Insurance Superintendent Eric Dinallo was thrust into the national spotlight last year as the insurance industry’s...
People
Apr 20 2009 // The Association of Professional Insurance Women Inc. (APIW) has selected Chubb Group Executive Vice President Janice Tomlinson as its “Insurance Woman of the Year.” Tomlinson, who has been employed by Chubb...
Rates Rising on U.S. Property Catastrophe Reinsurance
Apr 20 2009 // A new industry briefing shows reinsurance rates continuing to increase for the U.S. property-catastrophe reinsurance market for April 1, 2009, renewals. According to Guy Carpenter & Co.’s “Rates Up on...
Frequency Down but Severity Still a Problem for Medical Liability Insurers
Apr 20 2009 // Like just about any company anywhere on earth, medical liability insurers lost money on their equity investments in 2008 due to the meltdown in the U.S. and worldwide economies in the latter half of the year. However, for...
Lloyd’s Opens First Office in Brazil
Apr 17 2009 // Lloyd’s opened its office in Brazil on Thursday, April 16, a year after receiving approval from the Superintendence of Private Insurance (SUSEP) to become the first admitted reinsurer in the country. Lloyd’s...
Guy Carpenter: Rates Rising on U.S. Property Catastrophe Reinsurance
Apr 7 2009 // A new industry briefing shows reinsurance rates continuing to increase for the U.S. property-catastrophe reinsurance market for April 1, 2009 renewals. According to Guy Carpenter & Co.’s “Rates Up on...
Max Capital CEO Says Deal for IPC Better than Validus’ Offer
Apr 3 2009 // Max Capital Group’s deal to merge with rival IPC Holdings offers shareholders a better long-term deal than an unsolicited offer from Validus Holdings, Chief Executive Marston Becker said Thursday. Max’s deal is...
Financial Crisis Imperils Re/Insurers Ability to Access Capital
Apr 1 2009 // Insurers and reinsurers may have weathered the global financial crisis comparatively well so far, but they could be facing another threat. “We’re not capitalized enough,” was the way Michael...
Best Affirms Platinum and Reinsurance Subsidiaries Ratings
Mar 25 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the Bermuda-based Platinum Underwriters Group and its members. Best also...
Best Affirms ACE Limited and Subsidiaries ‘A+’ Ratings
Mar 23 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Bermuda-based ACE Bermuda Insurance Ltd. and ACE Tempest Reinsurance...
Transatlantic Elects New Officers
Mar 20 2009 // At its regularly scheduled meeting, the Board of Directors of Transatlantic Holdings, Inc. elected Amy M. Cinquegrana, Corporate Secretary. She was also elected Corporate Secretary and Assistant Vice President of...
Arch Re Names New Chairman/CEO; President/COO
Mar 17 2009 // Arch Reinsurance Company announced that John Rathgeber has been appointed Chairman and CEO and Tim Olson has been appointed President and COO as of March 1, 2009. Rathgeber previously served as President and CEO and Olson...
AIG Loses Reinsurance Executive to Greenberg’s Starr Company
Mar 10 2009 // AIG senior reinsurance executive Charles Dangelo has left the insurer to join a company run by its former CEO Maurice “Hank” Greenberg. Dangelo joins the growing number of executives who have left American...
Proposal Would Set Up Catastrophe Reinsurance Fund in Texas
Mar 6 2009 // A group of Texas legislators wants to require insurance companies to pay into a state catastrophe fund they could tap in case of big losses in a hurricane or other natural disaster. The Texas Windstorm Insurance...
Best Says 2009 Global Non-Life Reinsurance Outlook Remains Stable
Mar 4 2009 // A.M. Best Co. said it is “maintaining a stable outlook in 2009 for the global reinsurance sector for the third consecutive year. This current outlook implies that the majority of 2009 reinsurer rating actions are...
Reinsurance Broker Guy Carpenter to Acquire Collins
Mar 2 2009 // Guy Carpenter Co., a leading risk and reinsurance specialist, has agreed to acquire John B. Collins Associates, Inc., a privately-held company and the seventh largest reinsurance intermediary in the world. Guy Carpenter...
Gen Re to Pay $72M for Finite Reinsurance Transaction
Feb 26 2009 // General Re Corp., a reinsurance unit of billionaire Warren Buffett’s Berkshire Hathaway Inc., agreed to pay $72 million to settle investor claims about its role in a fraudulent transaction involving American...
