Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
ACE Comments on Impact of Midwest Floods on Crop Insurance Results
Jun 24 2008 // Bermuda-based ACE Limited has announced that, based on current estimates, the impact of the recent floods in the Midwestern U.S. “will have a negligible impact on both second quarter and full-year earnings per share...
Marsh’s Aviation Reinsurance Team to Join Guy Carpenter
Jun 24 2008 // Marsh has announced that its aviation reinsurance team will join Guy Carpenter, also an MMC company, which specializes in all aspects of reinsurance, by the end of 2008. When the process is completed, 29 Marsh colleagues...
Willis Names Black to Lead Brazilian Re Operations
Jun 23 2008 // Willis International Holdings announced the appointment of Margo Black as CEO for the group’s reinsurance operations in Brazil. She will be primarily responsible for the technical and sales development of wholesale...
Reinsurers Wary of Low Returns, Reserving Trends, Storms to Come
Jun 23 2008 // Two consecutive years of record earnings in the property and casualty insurance industry driven by lower catastrophe losses and healthy investment returns, along with unforeseen risks brought on by the subprime mortgage...
Marsh Previews Report on Captives; Finds Higher Retentions
Jun 19 2008 // Marsh has released key findings from its Financial Institutions – Captive Benchmarking Analysis report, to be published in September. The bulletin described the study as the “most in-depth review of the use of...
S&P: Pros And Cons of a U.S. Federal Natural Catastrophe Backstop
Jun 18 2008 // Because of a natural catastrophe’s high cost to society, some believe that the U.S. federal government should provide a program to backstop losses for natural catastrophes, said an article published by Standard...
French Govt. Reinsurer Gets Highest ‘A++’ Rating from Best
Jun 17 2008 // A.M. Best Co. has upgraded the financial strength rating to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit rating to “aa+” from “aa” of French government...
California Regulator Says Insurance Needs Local Regulation, More Modernization
Jun 16 2008 // Insurance is best regulated at the local level. That’s the opinion of California Insurance Commissioner Steve Poizner, who shared his views during his welcome address to the National Association of Insurance...
Good Time to Lock in Property Insurance Pricing, Advise Brokers
Jun 16 2008 // Science and technology are converging with risk management to help insurers negotiate the current hurricane season such that it’s now possible to use short-term hurricane forecasts — as few as 10 days out...
Analysts: Insurers Equipped to Weather Subprime Mortgage Crisis
Jun 12 2008 // Insurers continue to emerge from the credit crisis with strength and are among the least impacted of all financial institutions, according to a senior ratings agency official speaking at the Casualty Actuarial...
S&P Raises Fairfax Operating Companies Ratings
Jun 10 2008 // Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on Fairfax Financial Holdings Ltd.’s (FFH) operating insurance companies (collectively, Fairfax) to...
California Regulator Says Insurance Needs Local Regulation, More Modernization
Jun 3 2008 // Insurance is best regulated at the local level. That’s the opinion of California Insurance Commissioner Steve Poizner, who shared his views during his welcome address to the National Association of Insurance...
MetLife to Split Off Its 52% Stake in Reinsurance Group
Jun 2 2008 // MetLife Inc, the largest U.S. life insurer, said Monday that it would divest its 52 percent stake in Reinsurance Group of America Inc . Under the multi-step transaction, MetLife said Reinsurance Group would recapitalize...
Bermuda Insurance Regulator to Beef Up Staffing
Jun 2 2008 // Bermuda’s insurance regulator is increasing staffing by as much as 50 percent as it sets its sights on eventually reaching a mutual recognition agreement with other domiciles, executives at an insurance conference...
A Soft Market Solution: MGAs and Risk Sharing
Jun 2 2008 // Part 2: Soft Market Benefits of Risk Sharing Extend Beyond Potential for Increased Profits Editor’s Note: The following is part two of a discussion of the risk retention options available to managing general agents,...
Good Time to Lock in Property Insurance Pricing, Advise Brokers
May 30 2008 // Science and technology are converging with risk management to help insurers negotiate the current hurricane season such that it’s now possible to use short-term hurricane forecasts — as few as 10 days out...
Swiss Re Receives Brazil License
May 27 2008 // Swiss Reinsurance America Corporation and Swiss Reinsurance Company Ltd. have been officially recognized as admitted reinsurers by Susep, the Brazilian insurance regulator, with the ability to sell reinsurance in the newly...
Texas Regulators OK Reinsurance Plan for Wind Pool
May 22 2008 // Texas Insurance Commissioner Mike Geeslin has approved the Texas Windstorm Association’s request for increased reinsurance for the 2008 hurricane season. TWIA, the state-backed “insurer of last resort”;...
Aon Re Global Names Thofern as CEO of German Branch
May 21 2008 // Aon Re Global has named Jan-Oliver Thofern as the new CEO and Chairman of its German subsidiary, Aon Ruck, the largest reinsurance broker in the country. He was previously a member of the Company’s Executive...
Quy Joins Lockton Construction Team
May 20 2008 // Lockton’s reinsurance division has appointed Michael Quy as Executive Director responsible for developing the global insurance broker’s specialist Engineering & Construction treaty reinsurance team. He...
