All the headlines from our Reinsurance Topic Page, ordered by recency.
Dec 3 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company and its subsidiaries. Best also affirmed all...
Dec 3 2012 // The Association of Bermuda Insurers and Reinsurers (ABIR) announced the election of its new officers for a two year term beginning on January 1, 2013.Mike McGavick, CEO of XL Group pl, was elected as Chair of the ABIR...
Dec 3 2012 // Standard & Poor’s Ratings Services said that the reinsurance sector’s strong capital and very strong earnings thus far in 2012 will allow it to withstand losses well outside the range of current insured...
Nov 30 2012 // Targeting strategic expansion, Nelson Levine de Luca & Hamilton, a New York-headquartered national law firm serving the insurance industry, announced that Louis H. Kozloff has joined as a partner in the Insurance...
Nov 30 2012 // A recent report, “Reinsurance Industry Leaders Discuss Lessons Learned From Hurricane Sandy,” published Nov. 29, 2012, on RatingsDirect, Standard & Poor’s Ratings Services, notes that...
Nov 28 2012 // A bulletin from Willis Group Holdings notes the international broker’s role in providing its expertise for a new UK Government Office of Science Foresight report entitled “Reducing the Risks of Future...
Nov 27 2012 // A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” to Qatar Insurance Co SAQ (QIC) and its main subsidiaries:...
Nov 20 2012 // Q-Re, a subsidiary of Qatar Insurance Company (QIC), headquartered in Doha, Qatar, announced additions to a team of senior reinsurance underwriters and professionals who “will drive the establishment of the...
Nov 19 2012 // A.M. Best Europe – Ratings Services Limited has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Torus Insurance (Bermuda) Limited, Torus...
Nov 16 2012 // The Excess Line Association of New York (ELANY) plays a vital role for New York’s surplus-lines industry. The group, a non-profit advisory association created by the New York statute in 1988, is charged with the duty...
Nov 14 2012 // Standard & Poor’s Ratings Services said that the reinsurance sector’s strong capital and very strong earnings thus far in 2012 will allow it to withstand losses well outside the range of current insured...
Nov 13 2012 // As companies large and small grapple with losses in Sandy’s aftermath, a number of critical — and costly — business questions have emerged. Darlene Alt and Robert DiUbaldo, two experienced insurance...
Nov 8 2012 // Even an extreme $40 billion scenario for property/casualty insurance industry losses from Hurricane Sandy would not drive material rating changes for insurers, analysts at Fitch Ratings said today.In a report providing a...
Nov 8 2012 // Lloyd’s has a good reputation in Europe, but managing agents need to become more client focused to be successful on the continent, explained Inga Beale, Group Chief Executive at Canopius Group Ltd. in an article on...
Nov 7 2012 // ReSource Intermediaries, a unit of N.Y.-based brokerage Integro, hired Beth Turbitt as senior vice president.Turbitt, who is based in the New York office, has been a consulting broker at ReSource Intermediaries for the...
Nov 7 2012 // Munich Re said it expects a higher consolidated result for 2012 than previously envisaged.Following a profit of €2.7 billion [$3.47 billion] for the first nine months of 2012 (same period last year: €80 million [$102.7...
Nov 6 2012 // Aon Benfield, Aon’s global reinsurance intermediary and capital advisor, has launched a new flood model for Switzerland and Lichtenstein to quantify financial losses caused by riverine and lake...
Nov 5 2012 // Superstorm Sandy won’t put insurers’ finances under severe strain, and may allow them to push through a profit-boosting rise in prices next year, Hiscox , the biggest London-listed reinsurer, said on...
Nov 5 2012 // For decades now, your company has reinsured a substantial portion of its risk under reinsurance contracts (treaties) negotiated by executives who retired long ago. But just a few years ago, your reinsurer – now in...
Nov 1 2012 // S.A.C. Re Ltd. has filled several key management posts in its property reinsurance, finance and risk management teams.Kathleen Reardon has joined Bermuda’s SAC Re as chief underwriting officer for Property, and will...