Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Swiss Re Says Earnings Up, Non-Life Renewals Successful
Feb 8 2001 // Swiss Re announced that it “expects earnings for the year 2000 to be up slightly more than 20%,” and that “significant improvements” had been made in the recent reinsurance renewal period. The...
eREINSURE.com Launches New Platform
Feb 6 2001 // Internet provider eREINSURE.com announced the launch of a new reinsurance platform “designed to provide buyer, seller and brokers in the global reinsurance marketplace with a neutral platform for conducting...
Evolving Weather Risk Market Attracts Growing Number of Participants
Feb 5 2001 // Since its emergence just three years ago, the market for weather risks has become a significant new development on the radar screen of the reinsurance industry. “Weather is essentially a new class of risk that is now...
Renaissance Re Posts 18% Increase in Net Income
Jan 30 2001 // Bermuda-based Renaissance Re continued to post good results with a 44 percent increase in 4th quarter earnings, which boosted its net operating income for the year to $134.4 million, an 18 percent increase over 1999. The...
Assessing the Signs and Strategies for Hitting the Niche Target
Jan 29 2001 // To specialize or not to specialize, that is the question. The answer is, given the right set of circumstances—absolutely. Finding the proper alchemy is the challenge, and part of that is realizing that a good idea alone...
Reinsurance Coverage of El Salvador Quake Between $180-360 Million
Jan 19 2001 // Preliminary estimates by local insurers have calculated insured losses from the earthquake in El Salvador at between $200 million and $400 million. Reinsurance with foreign carriers will cover about 90 percent of those...
XL Re-Brands Global Reinsurance Business
Jan 17 2001 // Bermuda-based XL Capital Ltd. took another step in globally affixing the “XL Brand” to all its operations with the announcement that its principal reinsurance subsidiaries are being renamed. “XL Re”...
It’s a Surety Thing: Companies Are On the Move in the Surety Market
Jan 15 2001 // For the past decade, the surety market has been profitable and today, competition remains strong. Underwriters come and go while the economy plays a major role in this segment of the industry. Even with big losses in 1999,...
BIG 2 LAUNCH ONLINE RE
Jan 15 2001 // The world’s two largest reinsurers, Munich Re and Swiss Re, whose combined premiums total more than $25 billion, teamed up with Internet Capital Group, a leading B2B provider, and Andersen Consulting to launch...
Ratings Changes On MARC, Winterthur Int’l. Re
Jan 12 2001 // Standard & Poor’s lowered Winterthur International Reinsurance Co. Ltd.’s counterparty credit and insurer financial strength ratings from double ‘A’ to double ‘A-‘. A.M. Best,...
Swiss Re, Munich Re Start Joint Internet Venture
Dec 19 2000 // The world’s two largest reinsurers, Munich Re and Swiss Re, whose combined premiums total over $25 billion, have teamed up with Internet Capital Group, a leading B2B provider, and Andersen Consulting to launch...
eREINSURE.com Opens London Office
Dec 5 2000 // eREINSURE.com ™, a Salt Lake City based provider of e-commerce technology to the reinsurance industry announced that it was expanding its operations to Europe with the opening of a branch office in the Lloyd’s...
Fremont General Receives Regulatory Approval of Alternative Reinsurance Transaction
Nov 30 2000 // Fremont General Corporation’s ongoing property and casualty insurance subsidiaries have entered into certain agreements with the California Department of Insurance which, among other things, will allow these...
SCOR Signs Two Life Re Contracts For $200 Million
Nov 28 2000 // SCOR Group announced that its U.S. subsidiary, SCOR Life US Reinsurance Cy, formed following the acquisition of PartnerRe Life last April, has signed two major reinsurance contracts “representing total annual premium...
American Re Announces 3Q, Year-to-Date Results
Nov 14 2000 // American Re Corp., a member of the Munich Re Group and one of the leading writers of reinsurance in the U.S., reported net income to its common stockholder of $14.0 million for the quarter ended September 30, 2000,...
Evolving Weather Risk Market AttractsGrowing Number of Participants
Nov 13 2000 // Since its emergence just three years ago, the market for weather risks has become a significant new development on the radar screen of the reinsurance industry. “Weather is essentially a new class of risk that is now...
Imagine Reinsurance Holdings Founded in Bermuda
Oct 24 2000 // Trilon Financial Corp., one of Canada’s leading financial services companies, announced the formation of Imagine Reinsurance Holdings in Bermuda with initial capitalization of $200 million, which it hopes to increase...
Online Insurer Esurance Acquired by Folksamerica Holding Co.
Oct 23 2000 // A majority interest in Esurance Inc., a direct-to-consumer online provider of personal lines insurance, was acquired by Folksamerica Holding Co. Inc. It was just the right thing at the right time,” Jean-Bernard...
Esurance Aquired by Folksamerica Holding Co.
Oct 16 2000 // A majority interest in Esurance Inc., a direct-to-consumer, online provider of personal lines insurance, was acquired by Folksamerica Holding Company Inc. “It was just the right thing at the right time,”...
Conning Study Sees P/C Reinsurance Decline – ART Rise
Oct 12 2000 // “Demand for traditional property-casualty reinsurance will continue to decline over the next five years as primary insurers grow in size,” concludes a new study by insurance management specialists Conning...
