All the headlines from our Reinsurance Topic Page, ordered by recency.
Mar 26 2013 // The Terrorism Risk Insurance Act, which was initially enacted in 2002, and amended by the Terrorism Risk Insurance Revision and Extension Act of 2005 and the Terrorism Risk Insurance Program Reauthorization Act of 2007...
Mar 21 2013 // The New York State Department of Financial Services investigation has produced a settlement with the country’s largest “force-placed” insurer, Assurant Inc.New York Gov. Andrew Cuomo, who announced the...
Mar 21 2013 // Beazley announced that Mark Vaughan has joined the company as deputy head of its reinsurance division. He moves to Beazley from Catlin, where he was senior class underwriter on the reinsurance team.Vaughan previously...
Mar 19 2013 // A move to restructure Florida’s state-run property reinsurance facility by lowering its financial obligation to insurers is facing an uphill legislative battle as both lawmakers and members of the industry find...
Mar 18 2013 // For four out of the last seven years, the Florida Hurricane Catastrophe Fund has been projected to have a shortfall should a major hurricane impact the state and cause the fund to pay out to its coverage limits. This is...
Mar 18 2013 // Property/casualty insurers’ operating profits improved in 2012, driven by reduced incurred losses from natural catastrophes and core loss ratio improvements from recent underwriting and pricing actions.Fitch...
Mar 18 2013 // “Property/casualty insurers’ operating profits improved in 2012, driven by reduced incurred losses from natural catastrophes and core loss ratio improvements from recent underwriting and pricing actions,”...
Mar 15 2013 // The Reinsurance Association of America (RAA) said a group of 19 U.S.-based property/casualty reinsurers reported higher net written premiums and net income for 2012 compared to 2011.The RAA said Thursday that a survey of...
Mar 14 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched a suite of new scenario models to generate loss estimates for specific historic or hypothetical events.The bulletin...
Mar 12 2013 // Brendan Falvey was named director of the public entity product line for the Markel Corp.’s West Region.Falvey is responsible for managing existing West Coast public entity client and broker relationships and...
Mar 11 2013 // International insurance and reinsurance companies are expected to cover half of total insured losses from Superstorm Sandy, an industry association said.Estimated losses from Superstorm Sandy currently stand at over $16...
Mar 8 2013 // India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the oil will no longer be covered due to Western sanctions, the head of refiner MRPL said on...
Mar 7 2013 // MySlipcase, a social media platform developed specifically for the global insurance and reinsurance industry, reported high growth in the nine months since it was launched.The company said its website now has 342 insurance...
Mar 6 2013 // UK-based Miller Insurance Services announced that it has increased its presence in the French market with the hiring of three senior reinsurance executives: Stéphane Nadjar, Eric Le Mercier and Emmanuel Figuereau.James...
Mar 4 2013 // XL Group plc’s reinsurance operations opened a Dallas, Texas, office led by Dean Wolfe who was recently promoted to manager of XL’s newly created property facultative western region. Wolfe, who has more than 15...
Mar 1 2013 // A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Transatlantic Reinsurance Company...
Feb 28 2013 // International insurance and reinsurance companies are expected to cover half of total insured losses from Superstorm Sandy, an industry association said Thursday.Estimated losses from Superstorm Sandy currently stand at...
Feb 25 2013 // Q-Re’s Board of Directors announced the appointment of Gunther Saacke as the reinsurer’s new CEO, leading “a team of senior and well-known reinsurance professionals in order to transform Q-Re into a...
Feb 20 2013 // Bermuda-based Endurance Specialty Holdings announced that Jerome Faure will be joining the company on March 11, 2013 as CEO, Global Reinsurance. He will be responsible for Endurance’s North America, Bermuda and...
Feb 20 2013 // Fitch Ratings said it does not expect insured losses from the recent flooding in Jakarta, Indonesia in January to trigger widespread solvency problems or excessive financial strain on the balance sheet of non-life insurers...