Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Kemper Affirmed
Jul 22 2002 // A.M. Best Co. affirmed the financial strength rating of “A-” (Excellent) of the Kemper Insurance Companies, Long Grove, Ill., with a stable outlook and removed the rating from under review with negative...
A.M. Best Assigns Rating to Trust International Co. E.C.
Jul 19 2002 // A.M. Best Co. has assigned an initial financial strength rating of B+ (Very Good) to Bahrain-based Trust International Insurance Company E.C. (TIIC), a medium sized reinsurer. The rating reflects the company’s...
A.M. Best Affirms Rating for Mapfre Reinsurance Corp.
Jul 17 2002 // A.M. Best Co. has affirmed the A (Excellent) financial strength rating of U.S.- based Mapfre Reinsurance Corporation (MRC), Florham Park, N.J. The outlook is stable. The affirmation reflects A.M. Best’s continued...
CNA Announces Deal on Sale of London Reinsurance Company
Jul 15 2002 // CNA Financial Corporation has signed a binding “share purchase agreement” to sell CNA’s London reinsurance operation, CNA Reinsurance Company Limited (UK), to Tawa UK Ltd., pending approval by the...
A.M. Best Affirms Rating of Subsidiaries of Alea Group
Jul 15 2002 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of the insurance operating subsidiaries of the Alea group. The affirmation is based upon the excellent level of consolidated risk-based capital and...
FEI Adds Jonathan Gale to Staff
Jul 15 2002 // Colorado-based Environmental Insurance Program Manager, Freberg Environmental, Inc. (FEI) added Jonathan K. Gale to their staff. Gale joins FEI from Employers Reinsurance Corporation, a subsidiary of General Electric. Gale...
Fitch Updates GE Global Holding Corp.
Jul 12 2002 // Fitch Ratings has downgraded and removed from Rating Watch Negative the long-term issuer and senior debt rating of GE Global Insurance Holding Corporation (GE Global) to ‘A+’ from ‘AA’. Fitch has...
James H. Veghte to Head XL Re
Jul 10 2002 // As part of the ongoing restructuring of its reinsurance operations Bermuda’s XL Capital Ltd announced that James H. Veghte has been appointed President, COO and Chief Underwriting Officer of XL Re Ltd, one of its...
You know better! Do not try to lower the bar.
Jul 8 2002 // Insureds and cedants have sued their insurance agents, insurance brokers, reinsurance intermediaries or reinsurance brokers when their insurance carrier or reinsurer faced financial difficulty and could not respond to a...
Surplus Lines and the Lloyd’s Market
Jul 8 2002 // Lloyd’s of London is perhaps the most well- known insurer in the U.S., not only due to its 300 years of existence, but also because this country is the London market’s biggest customer, accounting for over 35...
For Lloyd’s, Continued Growth Expected in Surplus Linese
Jul 8 2002 // Lloyd’s of London is perhaps the most well known insurer in the U.S., not only due to its 300 years of existence, but also because this country is the London market’s biggest customer, accounting for over 35...
You know better! Do not try to lower the bar.
Jul 8 2002 // Insureds and cedants have sued their insurance agents, insurance brokers, reinsurance intermediaries or reinsurance brokers when their insurance carrier or reinsurer faced financial difficulty and could not respond to a...
You know better! Do not try to lower the bar.
Jul 8 2002 // Insureds and cedants have sued their insurance agents, insurance brokers, reinsurance intermediaries or reinsurance brokers when their insurance carrier or reinsurer faced financial difficulty and could not respond to a...
Warrantech Sees Rapid Growth in Reinsurance Program
Jul 3 2002 // Texas-based Warrantech Corporation, which administers service contracts and extended warranties for automobiles, recreational vehicles and other consumer products, announced its new reinsurance program targeting large...
A.M. Best Affirms Kemper Insurance Companies Rating
Jul 2 2002 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of the Kemper Insurance Companies, Long Grove, Ill., with a stable outlook. The group’s rating has been removed from under review with...
NAII Says N.C. Bills Harmful to Inland Policyholders
Jun 27 2002 // Two bills backed by the North Carolina Department of Insurance that would launch a reinsurance facility for coastal homeowners’ insurance would instead create a subsidy system in which inland policyholders will pay...
S&P, A.M. Best Give “A” Ratings to Wellington Re
Jun 26 2002 // Standard & Poor’s assigned its single-‘A’ counterparty credit and insurer financial strength ratings to U.K.-based Wellington Reinsurance Ltd; while A.M. Best rated the London based reinsurer A...
Employers Reinsurance Downgraded
Jun 24 2002 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Employers Reinsurance Corp. and its wholly owned subsidiaries (collectively, ERC) to “AA+” from “AAA”...
Employers Reinsurance Downgraded
Jun 24 2002 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on Employers Reinsurance Corp. and its wholly owned subsidiaries (collectively, ERC) to “AA+” from “AAA”...
Equitas Reports Small Surplus Decline, Increase in Solvency Margin
Jun 21 2002 // Equitas, the Lloyd’s vehicle set up in 1992 to run off asbestos and environmental claims from prior years, reported a slight drop in its overall surplus of £21 million ($ 31.4 million) to £679 million...
