Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Panelists Say U.S Reinsurers Must Resist Temptation
Jun 18 2004 // U.S. reinsurers are in peril of repeating the mistakes of history by sacrificing profitability, according to a panel of industry leaders at Standard & Poor’s Annual Insurance Conference in New York City. Now...
Best’s Report Finds European Reinsurers’ Financial Strength Stabilized
Jun 18 2004 // A study conducted by A.M. Best Co. has concluded that Europe’s reinsurers have seen their financial strength stabilize after a two-year period of downward pressure. “Strong accident year results were maintained...
S&P Affirms Endurance Specialty ‘A-‘ Ratings; Rates $1.8 Billion Offering ‘BBB,’ to ‘BB+’
Jun 17 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “BBB” counterparty credit rating to Endurance Specialty Holdings Ltd. and its preliminary “BBB” senior debt,...
McGinnis Named VP American Re Broker Market Finite Risk Department
Jun 16 2004 // American Re Broker Market announced that Daniel McGinnis has joined the company as Vice President and Finite Risk Underwriter. He will be involved in underwriting the full range of finite risk business that the company...
Best Affirms Employers Re, Westport ‘A’ Ratings; Lowers Medical Protective; Revises Outlook to Stable
Jun 16 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A” (Excellent) of Employers Re Corp Group and Westport Insurance Corporation of Jefferson City, Mo. The bulletin noted that the...
Best Affirms General Re Group Ratings of ‘A++’
Jun 16 2004 // A.M. Best Co. has affirmed the financial strength ratings of “A++” (Superior) of the General Re Group. The rating applies to General Reinsurance Corporation (Delaware) and its core property/casualty and life...
Collins Associates Adds Johnson in N.Y. Office
Jun 15 2004 // John B. Collins Associates Inc., an reinsurance intermediary, announced that Frank Johnson has joined the firm as a vice president in their New York office. In his new role, Johnson will be responsible for establishing new...
Guy Carpenter, EQECAT Announce Probabilistic German Flood Risk Model
Jun 14 2004 // Guy Carpenter and EQECAT announced their intention to jointly develop the “DACH Flood” software, which they described as “an accumulation tool that will allow users to assess their exposure to flood in...
SCOR VIE Names Executive Committee
Jun 10 2004 // French reinsurer SCOR announced that the following persons have been named to the SCOR VIE Executive Committee at a meeting of its Board of Directors, chaired by CEO Denis Kessler: — Romain Durand, Chief Executive...
GE ERC Names New COO, CIO
Jun 10 2004 // GE’s Employers Reinsurance Corp. (GE ERC), based in Kansas City, Kan., named Richard F. Smith its chief operating officer and Marc Meiches as its chief investment officer. As chief operating officer, Smith, 44, will...
Reinsurers’ Resolve to be Tested Says S&P Report
Jun 3 2004 // Standard & Poor’s Ratings Services has issued a report on the current state of the reinsurance community, which concludes that its resolve will be further tested in 2005. Striking a balance between the...
Best Affirms Everest Re Subs ‘A+’ Rating
Jun 3 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of the Bermuda-based Everest Re Group’s reinsurance and insurance subsidiaries. Best also affirmed all debt...
Survey Selects Hannover Re as Best Overall Reinsurer in North America
Jun 3 2004 // Germany’s Hannover Re announced the results of a survey, conducted by the U.S.-based Flaspöhler Research Group, that singled out the world’s fourth largest reinsurer as the best overall in the North American...
Moody’s Lowers Swiss Re’s Ratings
May 27 2004 // Moody’s Investors Service announced that it had downgraded the insurance financial strength rating and long-term debt ratings of Swiss Reinsurance Company and its various guaranteed and non-guaranteed subsidiaries by...
Reinsurance Brokers Bring ‘More Value Than Ever,’ Guy Carpenter CEO Tells Conn. CPCU
May 25 2004 // The role of reinsurance brokers has evolved well beyond the basic placement and relationship responsibilities of 25 years ago and will continue to evolve into new areas, according to the chief executive officer of Guy...
ri3k Launches LifeRIC Reinsurance Data Hub
May 24 2004 // The U.K.’s ri3k announced the launch of the first electronic data hub for the North American life reinsurance industry, LifeRIC Inc., which is 100 percent owned by the London-based infrastructure builder and data...
Best Affirms Through Transport Mutual ‘B++’ Rating
May 21 2004 // A.M. Best Co. announced that it has affirmed the “B++” (Very Good) financial strength rating of Through Transport Mutual Insurance Association Limited (TT Bermuda) and its core subsidiary Through Transport...
APCapital to Get $13.5 Million for Commutation With Gerling
May 19 2004 // East Lansing, Mich.-based medical liability insurer American Physicians Capital Inc. announced the commutation of its reinsurance agreements with Gerling Global Reinsurance Corporation of America. Under the commutation,...
Best Affirms Ratings for PXRE; Outlook Stable
May 18 2004 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) for the reinsurance subsidiaries of PXRE Group Ltd. This rating action applies to PXRE Reinsurance Company (Hartford, Conn.) and PXRE Reinsurance...
Houston Casualty Co. Affirmed
May 17 2004 // Standard & Poor’s Ratings Services affirmed its “AA” counterparty credit and financial strength ratings on Houston Casualty Co., Avemco Insurance Co., U.S. Specialty Insurance Co., HCC Specialty...
