All the headlines from our Reinsurance Topic Page, ordered by recency.
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...
Aug 23 2012 // Southport Lane, a New York-based private equity firm, has appointed Jim McNichols as chief actuarial officer of its reinsurance group, Southport Re.In this new position, McNichols will be responsible for supporting...
Aug 23 2012 // Record-setting droughts in the U.S. Midwest throughout 2012 are likely to result in substantial gross insured losses for crop insurers and reinsurers and possibly their first overall loss in 10 years, says Moody’s...
Aug 23 2012 // Frustrated by rising premiums, reduced coverage and a single market, citizens and officials in the Florida Keys are hoping to convince catastrophe modelers, insurers and reinsurers that their islands are not as big a risk...
Aug 23 2012 // Fitch Ratings has issued a statement which points out that the “spate of Asia-Pacific catastrophes in the past two years have prompted reinsurers to take stock of their existing portfolio and re-evaluate their...
Aug 21 2012 // The California State Legislature has passed Senate Bill 1216, which aligns California law with the Dodd-Frank Wall Street Reform and Consumer Protection Act, with unanimous support.SB 1216 was authored and carried by Sen....
Aug 21 2012 // Going into the peak time of the year for hurricane development, Texas’ property insurance company of last resort in coastal areas has around $800 million in available cash to immediately handle claims in the event a...
Aug 20 2012 // Jonah Pfeffer, a reinsurance broker whose 15-year career includes work with clients in specialized casualty market segments, has joined Bloomington, Minn.-based independent reinsurance intermediary StoneHill Reinsurance...
Aug 16 2012 // Validus Reinsurance Ltd. has become the latest reinsurer licensed to do business in Florida under the state’s reduced capital law.Under a 2009 law that was designed to attract more private capital to the state,...
Aug 16 2012 // A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb” of QBE Optima Insurance Company,...
Aug 15 2012 // Atlanta-based Ebix, Inc, a supplier of On-Demand software and E-commerce services to the insurance industry, announced that it has acquired London-based TriSystems Ltd., an online insurance trading hub that facilitates...
Aug 10 2012 // Hannover Re’s interim report for the first six months of 2012 shows gains in all of the reinsurer’s primary sectors. Highlights for the period were listed as follows: — Gross premium: + 14.0 percent to...
Aug 9 2012 // Bermuda-based Aspen Insurance Holdings Limited has announced changes to the management of its reinsurance segment (Aspen Re). Brian Boornazian (CEO, Aspen Re) will assume the position of chairman of Aspen Re. James Few...