Swiss Reinsurance America Corporation

Ratings Roundup: Arch Capital, American Safety, Parkton Re

July 13, 2009 - Standard & Poor's Ratings Services has revised its outlook on Bermuda-based insurance and reinsurance holding company Arch Capital Group Ltd.(ACGL) and its operating subsidiaries to positive from...
https://www.insurancejournal.com/news/international/2009/07/13/102185.htm

Ratings Recap: Echelon, Calabash Re III

May 20, 2009 - A.M. Best Co. has affirmed the financial strength rating of 'B++' (Good) and issuer credit rating (ICR) of "bbb+" of Canada's Echelon General Insurance Company. Best also affirmed the ICR of "bb+"...
https://www.insurancejournal.com/news/international/2009/05/20/100693.htm

S&P, Best Put Swiss Re’s Ratings on Negative Credit Watch

February 6, 2009 - Reactions from the rating agencies to Swiss Re's announcement of further losses (See IJ web site - https://www.insurancejournal.com/news/international/2009/02/05/97610.htm) has been swift. A.M....
https://www.insurancejournal.com/news/international/2009/02/06/97659.htm

U.S. Reinsurers Report Deteriorating Combined Ratio; Decline in Surplus

September 22, 2008 - U.S. reinsurers reported a deteriorating combined ratio for the first-half 2008, compared to the first-half 2007 while net premiums were up over the same time period. The Reinsurance Association of...
https://www.insurancejournal.com/magazines/features/2008/09/22/157000.htm

U.S. Reinsurers Report Deteriorating Combined Ratio; Decline in Surplus

September 2, 2008 - U.S. reinsurers reported a deteriorating combined ratio for the first-half 2008, compared to the first-half 2007 while net premiums were up over the same time period. The Reinsurance Association of...
https://www.insurancejournal.com/news/national/2008/09/02/93277.htm

Reinsurers Wary of Low Returns, Reserving Trends, Storms to Come

June 23, 2008 - Two consecutive years of record earnings in the property and casualty insurance industry driven by lower catastrophe losses and healthy investment returns, along with unforeseen risks brought on by...
https://www.insurancejournal.com/news/national/2008/06/23/91249.htm

Swiss Re Receives Brazil License

May 27, 2008 - Swiss Reinsurance America Corporation and Swiss Reinsurance Company Ltd. have been officially recognized as admitted reinsurers by Susep, the Brazilian insurance regulator, with the ability to sell...
https://www.insurancejournal.com/news/international/2008/05/27/90345.htm

S&P Comments on KAMP RE Extension Notice; No Rating Change

November 20, 2007 - Standard & Poor's Ratings Services acknowledged that it has received a copy of an extension notice from the administrator for KAMP RE 2005 Ltd. "As permitted under the transaction documents, Swiss...
https://www.insurancejournal.com/news/international/2007/11/20/85190.htm

S&P Says KAMP RE 2005 ‘Imminent Default Probable’

November 6, 2007 - Standard & Poor's Ratings Services announced that it has received a copy of a proof-of-claim notice from the administrator for KAMP RE 2005 Ltd., which "puts the ultimate net losses in excess of...
https://www.insurancejournal.com/news/international/2007/11/06/84781.htm

News Currents

October 27, 2007 - Industry urged to watch for emerging benzene, lead, welding rod torts Large pool of litigants, scientific evidence, plaintiff's attorneys all cause for concern Actuaries need to be on the look out...
https://www.insurancejournal.com/magazines/news-currents/2007/10/27/155003.htm

News Currents

October 27, 2007 - Conn. AG alleges reinsurance antitrust conspiracy drives-up prices A lawsuit against a major reinsurance broker for alleged antitrust activity in Connecticut is being used to raise broader...
https://www.insurancejournal.com/magazines/news-currents/2007/10/27/155007.htm

Ratings Recap: Misr/AlChark/Egypt Re, KAMP RE, Calliden, American Club, Groupama

October 10, 2007 - A.M. Best Co. has placed the financial strength rating (FSR) of 'A-' (Excellent) and the issuer credit rating (ICR) of "a-" of Misr Insurance Company under review with negative implications, along...
https://www.insurancejournal.com/news/international/2007/10/10/84169.htm

Actuaries Urged to Watch for Emerging Benzene, Lead, Welding Rod Torts

October 10, 2007 - Actuaries need to be on the look out for emerging mass tort claims related to benzene, lead paint, and welding rods, despite the fact that significant legal hurdles in these cases remain. The large...
https://www.insurancejournal.com/news/national/2007/10/10/84172.htm

Conn. AG Alleges Reinsurance Antitrust Conspiracy Drives Up Consumer Prices

October 9, 2007 - A lawsuit against a major reinsurance broker for alleged antitrust activity in Connecticut is being used to raise broader questions about the largely unregulated reinsurance business. Connecticut...
https://www.insurancejournal.com/news/national/2007/10/09/84124.htm

It Figures

March 12, 2007 - $279 million KeyCorp Bank, based in Cleveland, Ohio, will receive $279 million from a Swiss insurance company to settle a six-year-old lawsuit over losses it claimed in its car leasing business....
https://www.insurancejournal.com/magazines/itfigures/2007/03/12/77960.htm

Figures

March 12, 2007 - $279 million KeyCorp Bank, based in Cleveland, Ohio, will receive $279 million from a Swiss insurance company to settle a six-year-old lawsuit over losses it claimed in its car leasing business....
https://www.insurancejournal.com/magazines/itfigures/2007/03/12/153585.htm

Ohio KeyCorp Settles Leased Cars Case for $279 Million

February 23, 2007 - Cleveland, Ohio-based KeyCorp Bank will receive $279 million from a Swiss insurance company to settle a six-year-old lawsuit over losses it claimed in its car leasing business. The settlement,...
https://www.insurancejournal.com/news/midwest/2007/02/23/77147.htm

S&P Withdraws GE Re’s Ratings

February 14, 2007 - Standard & Poor's Ratings Services announced that it has withdrawn its "AA-" long-term counterparty credit and insurer financial strength ratings on U.S.-based GE Reinsurance Corp. S&P said it took...
https://www.insurancejournal.com/news/national/2007/02/14/76940.htm

Best Withdraws GE Re Ratings

January 18, 2007 - A.M. Best Co. has withdrawn the financial strength rating (FSR) of "A" (Excellent) and the issuer credit rating (ICR) of "a" and assigned an NR-5 (Not Formally Followed) to GE Reinsurance...
https://www.insurancejournal.com/news/international/2007/01/18/75998.htm

Wellington Launches U.S. Marine Reinsurance Business

August 30, 2006 - Wellington Underwriting Inc. (WU Inc.), the wholly owned US underwriting agency of U.K.-based Lloyd's and general insurer Wellington Underwriting plc (Wellington), has launched a new marine...
https://www.insurancejournal.com/news/national/2006/08/30/71811.htm