Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Guy Carpenter Launches ‘SelectCat’ Reinsurance Pricing & Loss Index
Mar 14 2007 // Guy Carpenter & Company, LLC, the risk and reinsurance specialist of the Marsh & McLennan Companies, has launched SelectCat, which it describes as “an innovative, index-based product that provides...
S&P Sees No Ratings Change for Swiss Re Subsidiaries
Mar 14 2007 // Standard & Poor’s Ratings Services said that its ratings and outlooks on the European subsidiaries of Zurich-based global reinsurer Swiss Reinsurance Co. -rated “AA-/Stable/A-1+” – remain...
Swiss Re to Alter Structure as EU Re Directive Deadline Approaches
Mar 13 2007 // Swiss Re announced plans to alter its current corporate structure within the European Union by forming three legal entities, based in Luxembourg. They “will serve as risk carriers for most of its European reinsurance...
Millea to Form Reinsurer with JP Morgan Chase
Mar 12 2007 // Millea Holdings, Inc. announced that it plans to establish a life and annuity reinsurance subsidiary on the Isle of Man by the end of this month. “Tokio Marine Bluebell Re Limited,” will be set up jointly with...
FITCH LOOKS AT EFFECTS OF REINSURANCE PROPOSAL
Mar 12 2007 // Fitch Ratings says it does not believe that individual (re)insurers’ financial or competitive positions will be materially altered under the National Association of Insurance Commissioners’ reinsurance task...
Fitch looks at effects of reinsurance proposal
Mar 12 2007 // Fitch Ratings says it does not believe that individual (re)insurers’ financial or competitive positions will be materially altered under the National Association of Insurance Commissioners’ reinsurance task...
Reinsurers’ Group Says Regulation Goes Beyond Collateralization Issue
Mar 9 2007 // Franklin W. Nutter, president of the Reinsurance Association of America (RAA) said reinsurance regulation goes beyond the narrow issue of collateral, and is pleased that the National Association of Insurance Commissioners...
New Mexico PRC Asking Why Former Superintendent Didn’t Investigate
Mar 8 2007 // New Mexico’s Public Regulation Commission is asking why former Insurance Superintendent Eric Serna did not investigate a title insurance company that admitted giving more than $300,000 to a builder in what a state...
Max Re Name Change
Mar 7 2007 // Bermuda-based Max Re Capital Ltd. announced that it will seek shareholder approval to change the Company’s name to Max Capital Group Ltd. at the 2007 Annual General Meeting of Shareholders (AGM) to be held on Friday,...
Fla. Home Premiums Could Fall 10%-50% Under New Reinsurance Law
Mar 5 2007 // Florida homeowners could see average property insurance savings ranging from around 10 percent in the Panhandle to more than half the cost of their policy in South Florida because of a new law, state insurance officials...
Best Revises 2007 Global Reinsurance Outlook to Stable
Mar 1 2007 // Following its upbeat analysis of the personal lines market (See related article in National section), A.M. Best Co. has also given a thumbs up to the global reinsurance market. Best revised its 2007 outlook for the sector...
Lloyd’s Launches Malaysian Subsidiary
Mar 1 2007 // Lloyd’s Chairman Lord Peter Levene made a trip to Malaysia’s capital Kuala Lumpur to help launch the London Market’s new subsidiary there, Lloyd’s Labuan Limited, and the upgrading of its...
Net Income Rose 77% for Year at Tower Group
Feb 27 2007 // Tower Group, Inc. reported its financial results for the fourth quarter of 2006, including a 45 percent increase in net income to $9.5 million as compared to net income of $6.6 million in the fourth quarter of 2005. For...
Reinsurance Proposal: Big Effect on Collateral, Limited Effect on Ratings
Feb 27 2007 // Fitch Ratings today issued a report titled “Impact of Proposed Changes in Collateral Requirements” that discusses its views on the National Association of Insurance Commissioners’ (NAIC) reinsurance task...
Hannover Re Securitizes App. $1.32 of Reinsurance Recoverables
Feb 27 2007 // Germany’s Hannover Re announced that “for the first time” it has “transferred the risks deriving from so-called ‘reinsurance recoverables’ to the capital markets,” following its...
Don’t blame insurance agents for coastal mess
Feb 26 2007 // Over the past several months, a group of legislators from the Rhode Island House of Representatives has been meeting in an effort to understand and respond to the recent drastic — and, in some instances, draconian...
Third-generation industry executive shares insight on regulatory matters
Feb 26 2007 // Sullivan discusses reinsurance collateralization, surplus lines regulation reform Gerald Sullivan, chairman of Los Angeles-based The Sullivan Group, has been said to have grown up reading insurance rating manuals instead...
Insurance company run-off management strategies face obstacles
Feb 26 2007 // The U.S. insurance industry should be paying greater attention to the run-off market, according to a study published by PricewaterhouseCoopers’ (PwC) Insurance Restructuring Group. The “US Discontinued...
Third-generation industry executive shares insight on regulatory matters
Feb 26 2007 // Sullivan discusses reinsurance collateralization, surplus lines regulation reform Gerald Sullivan, chairman of Los Angeles-based The Sullivan Group, has been said to have grown up reading insurance rating manuals instead...
Coming to the Rescue: States get ready to modernize surplus lines regulation
Feb 26 2007 // Bernd (Bernie) G. Heinze, executive director of the American Association of Managing General Agents (AAMGA), recalls a perfect example of the regulatory difficulties the surplus lines industry faces. A colleague at a...
