Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Global-Reinsurance Industry Foresees Growth in Online Services
Mar 11 2002 // If anyone needs proof that the Internet is no longer a curiosity, the reinsurance industry is a good place to start looking. Reinsurance companies aren’t generally known for the rapidity with which they adopt...
NAPSLO Mid-Year Meeting Largest in Association’s History
Mar 11 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) held its mid-year meeting Feb. 24-27 in San Antonio, Texas—the largest such meeting in the history of the association. Originally scheduled for last...
St. Paul Chooses New Head of Reinsurance Unit
Mar 8 2002 // St. Paul Cos Inc. has named Jerome Fadden as head of its reinsurance operation, replacing James Duffy, who is retiring. Fadden becomes head of St. Paul Re, effective immediately, after being executive vice president and...
AIG Subsidiaries Sue Reinsurer for Sept. 11 Losses
Mar 5 2002 // A group of subsidiaries of American International Group have filed suit in a Manhattan Court against one of AIG’s catastrophe reinsurers, the American National Insurance Co., for purportedly failing to make payment...
ACORD Delivers eCommerce Software Solution Survey
Mar 5 2002 // ACORD has created a survey to determine what eCommerce solution providers can offer to interested insurers, brokers and reinsurers to utilize the ACORD reinsurance standards (formerly known as the Joint Venture or...
W.R. Berkley Corp. Names Appointments to Berkley Capital Underwriters
Mar 4 2002 // W. R. Berkley Corporation announced the appointments of Richard Agatstein and Joan E. Kapfer, each to the office of senior vice president of Berkley Capital Underwriters, LLC, a recently formed specialty reinsurance...
RIMS President Testifies before Congress
Mar 1 2002 // The Risk and Insurance Management Society, Inc.’s President, David Mair, testified Feb. 28 before the House Financial Services Subcommittee on Oversight and Investigations on the necessity of terrorism insurance...
Gerling Global Reinsurance President and COO Announces Retirement
Feb 27 2002 // Gerling Global Reinsurance Corporation of America (GGRCA) President and Chief Operating Officer Thomas J. Tartaro has announced his retirement. Tartaro joined GGRCA in 1997 as Executive Vice President and member of the...
Catastrophe Modeling-Feeding the Risk Transfer Food Chain
Feb 25 2002 // The increasingly sophisticated business of constructing catastrophe models is driven by three main imperatives: what are the chances of a given event happening; what are the upper and lower limits of a catastrophic...
Catastrophe Modeling-Feeding the Risk Transfer Food Chain
Feb 25 2002 // The increasingly sophisticated business of constructing catastrophe models is driven by three main imperatives: what are the chances of a given event happening; what are the upper and lower limits of a catastrophic...
Swiss Re Report on Terrorism Insurance Endorses Public/Private Solution
Feb 22 2002 // Swiss Re has released a study entitled “Terrorism — dealing with the new spectre,” which concludes that the most promising approach to the problem of terrorism insurance is a “public/private...
Inreon Opens Hong Kong Office
Feb 20 2002 // Inreon, the online reinsurance trading platform, has expanded into the Asian market with the opening of a new office in Hong Kong. It hopes to have its Internet platform ready to go in time for renewals on April...
Report Indicates Lloyd’s Will Pass NAIC Audit
Feb 15 2002 // Lloyd’s is apparently set to receive a clean bill of financial health from the auditors who’ve been examining its accounts, and evaluating its reserves, as part of last November’s agreement with the...
OPL To Go Into Runoff, RenRe Takes Over OPCat
Feb 14 2002 // In a move which took the insurance world by surprise, Bermuda-based Overseas Partners Ltd. announced its decision to stop writing new business immediately, to place its Bermuda operations into “an orderly...
Workers’ Comp Insurers Grapple with Market Changes after 9/11
Feb 13 2002 // Both small and large workers’ compensation insurers are experiencing unsettling challenges to their business thanks to the lack of reinsurance coverage in the wake of the Sept. 11 terrorist attacks according to the...
CNA Surety Announces 4Q Decrease in Net Income
Feb 12 2002 // CNA Surety Corporation reported that net income for the fourth quarter of 2001 decreased to $0.6 million, or $0.01 per share, from $12.0 million, or $0.28 per share, for the same period in 2000. Operating earnings, after...
Commercial Auto Agents: Between a Rock and a Hard Market
Feb 11 2002 // The cyclical ups and downs of the multisegmented arena referred to collectively as commercial auto are nothing new. Though the years referred to as “soft” and “hard” vary in both length and...
Before Diving in, Agents Attracted by Captive Profits Must Analyze Challenges
Feb 11 2002 // Thinking of forming an agency captive? An agent-owned captive insurance company involves an agency capitalizing either a domestic insurance company or an offshore insurance company. Richard Turner, president of...
Before & NAFTA: Open Borders, Long Term Effects on Long-Haul Trucking
Feb 11 2002 // Now that Congress and the Bush administration have struck a deal to pave the way for NAFTA trucking provisions—which the U.S. had been found to be violating for most of last year—the task of actually implementing these...
Before & NAFTA: Open Borders, Long Term Effects on Long-Haul Trucking
Feb 11 2002 // Now that Congress and the Bush administration have struck a deal to pave the way for NAFTA trucking provisions—which the U.S. had been found to be violating for most of last year—the task of actually implementing these...
