Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
On shaky ground?
Apr 9 2007 // Two decades since its formation, the West’s only regional catastrophe pool, the California Earthquake Authority, faces financial and management changes that could have significant implications for its future. Those...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
European Insurance Forum puts Ireland in the spotlight
Apr 9 2007 // Eighteen years ago an Irish insurance conference would have consisted of a broker and an underwriter from Dublin having a pint of Guinness in a pub (most likely in London). Times have changed. Since the founding of the...
SCOR Profits Soar to $338 Million
Apr 6 2007 // France’s SCOR Group announced a 92 percent increase in net income for 2006 to €252 million ($338 million) before, what the report termed, “badwill” linked to the acquisition of Revios. Essentially the...
Maine Governor Wants Health Coverage to be Mandatory
Apr 6 2007 // A broad package of health insurance reforms that builds upon Dirigo and would lead to mandatory coverage for businesses and individuals was unveiled Wednesday by Maine Gov. John Baldacci. Baldacci’s plan, designed to...
Best Rates Lufthansa Captives ‘B++’
Apr 5 2007 // A.M. Best Co. has assigned a financial strength rating of “B++” (Good) and an issuer credit rating of “bbb” to Germany’s Delvag Luftfahrtversicherungs-AG, and its subsidiary, Delvag...
Broker Integro Forms International Unit Based in London
Apr 5 2007 // Integro Ltd., a New York-based insurance brokerage and risk management firm, is forming an international insurance and reinsurance business unit based in London. The new group will offer worldwide insurance and reinsurance...
Integro Forms London Insurance & Reinsurance Unit
Apr 5 2007 // New York-based Integro Ltd. announced the formation of an international insurance and reinsurance business unit to be based in London. The group will offer global insurance and reinsurance business capabilities for...
Willis Re Premium Review Finds ‘Few Surprises’
Apr 3 2007 // Willis Group Holdings has released its reinsurance review of the marketplace for the April 1, 2007 renewal entitled “Few Surprises.” The report reaches the same conclusions as those contained in Aon Global...
S&P Raises Outlook on Moroccan Reinsurer; ‘BBB’ Ratings Affirmed
Apr 3 2007 // Standard & Poor’s Ratings Services has revised to positive its outlook on Morocco-based reinsurer Société Centrale de Réassurance (SCR), following the revision to positive of the outlook on the local currency...
Lloyd’s China Reinsurer Rated ‘A’ by S&P, Best and Fitch
Apr 3 2007 // The three major rating agencies, Standard & Poor’s, A.M. Best and Fitch Ratings, have all assigned “A” ratings (Fitch was actually ‘A+’) to Lloyd’s Reinsurance Co. (China) Ltd....
Aon Re Global Study Finds Reinsurance Rates ‘Flat to Lower’
Apr 2 2007 // Aon Re Global’s analysis of reinsurance rates found premiums for “personal lines, standard commercial lines and complex commercial lines,” are “likely to be flat to lower during mid-year renewals of...
Firm Releases Study of Possible La. ‘Catastrophe Fund’
Mar 30 2007 // A private firm has released its study of how Louisiana would operate a “catastrophe fund,” one of several ideas lawmakers are considering to help ease the state’s property insurance crisis. The study...
Equitas Completes Reinsurance Deal with Berkshire Hathaway
Mar 28 2007 // Equitas, the run-off vehicle established by Lloyd’s in 1996 to handle 1992 and prior years’ non-life liabilities, has completed its reinsurance transaction with National Indemnity Company, a member of the...
Davis to Retire from Allied World
Mar 26 2007 // Bermuda’s Allied World Assurance Company Holdings, Ltd. announced that G. William Davis, Executive VP – Worldwide Treaty and Facultative Reinsurance, is retiring from the company effective March 31, 2007. He...
GJS Re Expands Operations, Opens in East
Mar 21 2007 // Los Angeles, CA – Derek Gullage has joined GJ Sullivan Reinsurance (GJS Re) as Vice President in their Los Angeles office. Mr. Gullage previously spent ten years with the Farmers Insurance Group, where most recently...
Ark Syndicate Is Newest Lloyd’s MGA
Mar 20 2007 // Ark Syndicate Management opened for business as Lloyd’s newest managing agency. Ark will assume the management of Syndicate 4020 with a 2007 capacity of £114 million ($222 million). The new Syndicate “will...
European Insurance Forum Puts Ireland in the Spotlight
Mar 19 2007 // 18 years ago an Irish insurance conference probably would have consisted of a broker and an underwriter from Dublin having a pint of Guinness in a pub (most likely in London). Times have changed. Since the founding of the...
Dignat Joins Guy Carpenter’s New European Solutions Group
Mar 19 2007 // Guy Carpenter & Company, LLC, the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced the appointment of Laurent Dignat, 41, to its newly created European Solutions Group. He...
Insurer Argonaut, Reinsurer PXRE to Merge, Forming Argo Group
Mar 15 2007 // Argonaut Group, Inc., a specialty underwriter, and PXRE Group Ltd., a Bermuda-based property reinsurer, have agreed to a merger under which the combined entity will do business as Argo Group International Holdings...
