Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Amwest to Restructure Reinsurance Program
Mar 9 2001 // Amwest Insurance Group has agreed with its reinsurers to provide multi-year quota share reinsurance covering all inforce surety bonds at Dec. 31, 2000, and for prospective surety business. The agreement is subject to...
Employers Reinsurance Corp. Names Pomeroy Associate General Counsel
Mar 9 2001 // Glenn Pomeroy, the former commissioner of insurance of North Dakota and former president of the National Association of Insurance Commissioners, has been named associate general counsel for regulatory affairs at Employers...
Visions Clear for NAFTA Insurance
Mar 5 2001 // The media reports have died down since the Feb. 6 ruling that the United States was in violation of the North American Free Trade Agreement by disallowing Mexican trucks free access to American roadways. The work has just...
From Pin Maps to the World Wide Web
Mar 5 2001 // Since the 1800s, the insurance industry has used technology to track and control catastrophic exposures. Insurers first used mapping after companies were hit by major fires in cities such as Boston, Chicago and...
Transit Casualty Co.’s “Titanic” Insolvency Teaches Many Lessons
Mar 5 2001 // It’s been called “the Titanic of all insolvencies”—on Dec. 3, 1985, Transit Casualty Company, domiciled in Missouri, was declared insolvent by the Cole County Circuit Court. During the late ’80s,...
State Audit Finds CEA Reinsurance Costs Reasonable
Mar 2 2001 // The California Earthquake Authority has made significant progress in reducing what it pays for reinsurance, according to a report by the California State Auditor released yesterday. The State Auditor concluded that...
Rise in Reinsurance Rates Propelled By a More Cautious Approach
Feb 26 2001 // The long-awaited hardening of reinsurance rates may finally be occurring, as companies reassess their capacity commitments and take a more critical look at their risk exposures, particularly concerning natural...
Commercial Auto-The LONG Road Back to Profitability
Feb 19 2001 // The signs were there in 2000—and now it can safely be said that prices in the commercial auto industry are definitely firming. But how long it will take the industry to truly return to profitability is still hard to...
More Cautious Approach Propels Reinsurance Rate Rise
Feb 19 2001 // The long awaited hardening of reinsurance rates may finally be occurring, as companies reassess their capacity commitments and take a more critical look at their risk exposures, particularly concerning natural...
American Appoints Three Senior Executives
Feb 13 2001 // American Re has appointed three senior executives who will further accelerate the company’s move into writing business through reinsurance intermediaries. Richard J. McConnell has joined the Brokered Group as its...
‘Titanic’ of Insolvencies Teaches Lessons
Feb 12 2001 // It’s been called “the Titanic of all insolvencies”—on Dec. 3, 1985, Transit Casualty Company, domiciled in Missouri, was declared insolvent by the Cole County Circuit Court. During the late ’80s,...
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...
