All the headlines from our Reinsurance Topic Page, ordered by recency.
Sep 13 2012 // Two months ago when Barry Gilway took over as president of Florida’s state-run property insurer, Citizens Property Insurance Corp., he quickly learned there would be no honeymoon period. He was thrust into debates...
Sep 13 2012 // A.M. Best Europe – Rating Services Limited has commented that it expects to assign a financial strength rating (FSR) and an issuer credit rating (ICR) to UK-based QBE Re (Europe) Limited) on or shortly after 30 September...
Sep 12 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. They have been at historic lows for several years. For instance the...
Sep 11 2012 // In the past 12 years, only eight reinsurers have been declared insolvent despite paying claims of more than $150 billion from events including the World Trade Center attacks, hurricanes Rita, Wilma and Katrina, the Great...
Sep 10 2012 // For once there’s no natural catastrophe hanging over the annual Reinsurance Rendezvous in Monte Carlo (the 56th edition). Tropical storm Leslie missed Bermuda and Hurricane Michael is safely out in the Atlantic. But...
Sep 10 2012 // Jeff Menary has been named vice president of Reinsurance at Grinnell Mutual Reinsurance Co., located in Grinnell, Iowa, and Kurt Eaves has been named vice president of Direct Underwriting/Production. Both position changes...
Sep 10 2012 // State regulators say mutual insurance companies that provide property coverage to rural Missourians will be financially stronger because of a new reinsurance requirement.Missouri Department of Insurance reports that a new...
Sep 10 2012 // U.S. property/casualty insurers’ operating performance improved significantly in the first half of 2012, according to Fitch Ratings.The aggregate combined ratio of 47 publicly traded property/casualty (re)insurers...
Sep 10 2012 // Since 1996, Demotech has rated most of the homegrown Florida domiciled insurers. Our efforts have focused on the assignment of Financial Stability Ratings® (FSRs) to all financially stable insurers, start-ups as well as...
Sep 7 2012 // W. R. Berkley Corp. has appointed Joseph Sullivan as president of Facultative Resources Inc. He is based in Stamford, Connecticut.Facultative Resources is a broker market casualty, professional liability and property...
Sep 5 2012 // A.M. Best has published a review of the international reinsurance market, which analyzes the performance of the largest reinsurers (rated by gross premiums written). Although the figures – based on 2011 – do not...
Sep 5 2012 // Moody’s Investors Service has maintained a stable outlook for the global reinsurance industry. Moody’s said the outlook “expresses our expectations for the fundamental credit conditions in the industry...
Sep 5 2012 // The latest edition of the Aon Benfield Aggregate (ABA) report, which analyzes the financial position of the world’s leading reinsurers for the first half of 2012, concludes that “global reinsurer capital...
Sep 4 2012 // The law firm of Edwards Wildman Palmer LLP named Ronie M. Schmelz a partner in the firm’s insurance and reinsurance department.She will divide her practice between the firm’s offices in Los Angeles and New...
Aug 31 2012 // Reinsurer Validus Holdings Ltd said it will buy Flagstone Reinsurance Holdings for about $600 million in cash and stock to boost its property reinsurance business.The deal comes after Validus unsuccessfully tried to buy...
Aug 30 2012 // Reinsurer Validus Holdings Ltd said it will buy Flagstone Reinsurance Holdings for about $600 million in cash and stock to boost its property reinsurance business.The deal comes after Validus unsuccessfully tried to buy...
Aug 29 2012 // G.J. Sullivan Co. Reinsurance (GJS Re) has launched GJS Re Facultative to focus on providing quality property facultative reinsurance to select insurance company clients on a nationwide basis.John W. Threlfall joins GJS Re...
Aug 27 2012 // Michael Orlich has joined Bermuda-based American Safety Reinsurance Ltd. (ASRe) as a Casualty Underwriter to assist in the expansion of the reinsurer’s casualty portfolio. He has over 15 years of experience in the...
Aug 27 2012 // XL Group plc’s reinsurance operations in Bermuda announced the appointment of Tim Fisher as Senior Vice President & Canadian Branch Manager.He reports to Managing Director & Head of Casualty Reinsurance in...
Aug 24 2012 // U.S. property/casualty insurers’ operating performance improved significantly in the first half of 2012, according to Fitch Ratings.The aggregate combined ratio of 47 publicly traded property/casualty (re)insurers...