All the headlines from our Reinsurance Topic Page, ordered by recency.
Oct 31 2012 // Standard & Poor’s Ratings Services said it expects Hurricane Sandy to have only limited impact on the ratings on U.S. property/casualty insurers, global reinsurers, and certain catastrophe bonds.Although it...
Oct 31 2012 // Toronto-based Manulife Financial, one of North America’s largest insurers, said its exposure to Hurricane Sandy was manageable and within its risk tolerance.The company, based in Toronto, is primarily a life insurer,...
Oct 30 2012 // Investors who have put their money into specialist financial bonds which cover insurance companies from huge natural disasters are unlikely to be hit with big losses from monster storm Sandy even though it is one of the...
Oct 29 2012 // Insurance broker Southwest Risk LP, based in Dallas, announced it has settled a dispute with Allied World Assurance Co.The announcement released by Southwest Risk did not elaborate on the nature of the dispute but Allied...
Oct 24 2012 // Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, will expand its offerings in the international casualty marketplace to include treaty reinsurance...
Oct 23 2012 // London-based Hiscox has appointed Dr. Richard Dixon as its group head of Catastrophe Research.In addition, Hiscox expanded its London market reinsurance team with the recruitment of Jonathan Lord and Nick Orton as trainee...
Oct 22 2012 // Dysfunctional. Inefficient, Ineffective. Slow. Partisan. Irrelevant. These are terms that regularly appear on editorial pages and political blogs to describe the California Legislature.It is true that when the Legislature...
Oct 16 2012 // Lloyd’s of London Chairman John Nelson knew when he acceded to his post one year ago that his predecessor, Lord Peter Levene, would be a hard act to follow. Levene served for nine years and oversaw significant...
Oct 16 2012 // Richmond, Va.-headquartered Markel Corporation appointed Ann Marie O’Flynn director and underwriter within its casualty facultative product line.Ann Marie O'FlynnO’Flynn has over 15 years of casualty...
Oct 12 2012 // Guy Carpenter & Company LLC, a global risk and reinsurance intermediary division of Marsh & McLennan Companies, appointed Peter Barr as senior vice president. Barr is based in Portland, Maine. With more than 30...
Oct 11 2012 // Florida’s state-run reinsurance facility still faces a potential $1.5 billion gap to fulfill its maximum mandatory obligation, although it appears poised to be in better financial condition for the 2013 hurricane...
Oct 10 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Greenlight Reinsurance, Ltd., as well as the FSR of ‘A-‘...
Oct 8 2012 // Lloyd’s of London Chairman John Nelson knew when he acceded to his post one year ago that his predecessor, Lord Peter Levene, would be a hard act to follow. Levene served for nine years and oversaw significant...
Oct 8 2012 // Investments from the capital markets in various forms now provide around 14 percent of the total capital dedicated to providing reinsurance – approximately $35 billion [$17 billion in cat bonds] out of $250 billion.The...
Oct 5 2012 // Specialist insurance and reinsurance broker Miller Insurance Services LLP has opened an office in Paris in a move to increase its reinsurance presence in Europe. Pierre Guntzberger will be based at the new office and will...
Oct 4 2012 // North Carolina homeowners could see their first rate increase in four years as the state’s rating bureau called for a statewide average 17.7 percent increase in loss cost rates.The North Carolina Rate Bureau filed...
Oct 2 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of the pooled and reinsured members of QBE North America Insurance Group...
Sep 25 2012 // Merger & Acquisition Services Inc. (M&A), an investment, advisory and financial services firm to the re/insurance industry, announced a marketing partnership agreement with Maestro Specialty Corporation in New...
Sep 24 2012 // Allstate Corp. is raising insurance rates for 144,000 Louisiana homeowners. The company announced that about 71,000 homeowners insured by Allstate Insurance Co. will see their rates increase by 11.3 percent, while 73,000...
Sep 24 2012 // Swiss Re’s sigma report analyzing the effect on the insurance industry of the continuing low interest rates doesn’t paint a pretty picture. Rates have been at historic lows for several years. For instance the...