Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
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...
Best Affirms Infrassure ‘B++’ Rating
May 17 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of Switzerland’s Infrassure Ltd. with a stable outlook. “The rating reflects the company’s...
CEA FORGES HISTORIC REINSURANCE PACT:
May 17 2004 // The California Earthquake Authority’s (CEA) Governing Board took a historic step April 29 when it revised its financial structure for 2005 and obtained commitments from reinsurers to collateralize the first $300...
S&P Report: Property Catastrophe Reinsurance Shows Good Year, Despite Higher Losses
May 13 2004 // Despite higher insured catastrophe losses in the U.S. in 2003, companies writing property catastrophe reinsurance realized very strong operating performance, according to a report published by Standard & Poor’s...
S&P Affirms Montpelier Re Ratings; Outlook Stable
May 12 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and financial strength ratings on Montpelier Reinsurance Ltd. and its ‘BBB’ counterparty...
Fla. Measure to Increase Availability of Homeowners Insurance Becomes Law
May 12 2004 // A measure designed to increase the availability of homeowners insurance and improve Florida’s ability to recover financially from catastrophic hurricanes through improvements to Florida’s Hurricane Catastrophe...
CPCU Society to Present Reinsurance Symposium
May 10 2004 // The CPCU Society has issued the following announcement describing its “Back to Basics” reinsurance symposium scheduled to be held in Philadelphia on May 13. WHAT: The CPCU Society’s Reinsurance Section...
PCI Urges Commonwealth Auto Reinsurers to Adopt Changes in Way It Operates
May 6 2004 // The Property Casualty Insurers Association of America (PCI) has urged the Commonwealth Automobile Reinsurers (CAR) Governing Committee, the board that oversees the high-risk auto insurance pool in Massachusetts, to...
RenRe Posts $137.8 Million Q1 Operating Income
May 5 2004 // RenaissanceRe, Bermuda’s premier property reinsurer, reported first quarter operating earnings of $137.8 million compared to $130.2 million in the first quarter of 2003. The company also gave the following additional...
