All the headlines from our Reinsurance Topic Page, ordered by recency.
Jul 23 2012 // Rate increases in the North American and international reinsurance markets are due to modest losses and poor results – not a hardening market, according to a report from Willis Re.The mid-year renewals report,...
Jul 20 2012 // UK-based specialist insurer Amlin plc is setting up a U.S. market for casualty reinsurance targeting nationwide business with a focus on general and professional liability. The business will be sourced direct from U.S....
Jul 18 2012 // Catastrophe risk modeling firm AIR Worldwide announced that China Property & Casualty Reinsurance Company Ltd. (CPCR) has licensed its typhoon, earthquake, and multiple-peril crop insurance models for China to better...
Jul 17 2012 // As images and sound are beamed from the UK to devices all over the world, insurers and reinsurers will play a key role in the transmission of the 2012 Olympic Games that run from July 27 to Aug. 12 in London. Lee Tookey,...
Jul 10 2012 // According to a report from Guy Carpenter the July first reinsurance renewals “took place against a backdrop of plentiful capacity,” as capital “has continued to strengthen through the second quarter of...
Jul 10 2012 // S.A.C. Re, Ltd. announced that it has commenced operations with $500 million of contributed capital, raised in a private placement of the equity securities of its parent, S.A.C. Re Holdings, Ltd.S.A.C. Re Holdings’...
Jul 10 2012 // Bermuda-based Endurance Specialty Holdings Ltd has promoted David Bigley to senior vice president and head of U.S. Property Catastrophe Reinsurance. Endurance also announced that Rene Lamer and Stefan Beine, both senior...
Jul 6 2012 // Swiss Re announced that it now operates as a Local Reinsurer in Brazil under new leader Margo Black, as its Head of Reinsurance for Latin America South and President of Swiss Re Brasil Resseguros SA.“She starts at a...
Jul 5 2012 // Faber Global, the facultative and wholesale reinsurance arm of Willis Group Holdings, announced that it has increased its global reach by establishing a presence in Singapore to cover facultative reinsurance for Singapore...
Jul 3 2012 // “Rate increases in the North American and International reinsurance markets are due to modest losses and poor results – not a hardening market,” according to a newly release report from Willis Re, the...
Jul 2 2012 // European and Latin American insurance and reinsurance brokerage and risk consulting provider, MDS Group, announced the launch of HighDome PCC Ltd, a protected cell company, “to provide alternative risk financing...
Jul 2 2012 // Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the traditional hard market this year or next, an insurance expert told reinsurance...
Jul 2 2012 // USI, Lynch, Beretta and BucciUSI Insurance Services completed the acquisition of Lynch, Beretta and Bucci Insurance, a Pawtucket, R.I.-based P/C insurance agency that specializes in a wide range of personal lines,...
Jun 29 2012 // According to Fitch Ratings, “while insurance industry concerns factored into Tuesday’s downgrade of Bermuda,” it does not expect Bermuda (re)insurers to be affected, “as all our ratings of Bermuda...
Jun 26 2012 // Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the traditional hard market this year or next, an insurance expert told reinsurance...
Jun 25 2012 // A number of insurers and reinsurers have agreed to join the UN-backed set of Principles for Sustainable Insurance. The initiative aims to provide insurance tools for risk management in support of environmental, social and...
Jun 25 2012 // Five former executives of American International Group Inc. and Berkshire Hathaway Inc. unit General Reinsurance admitted to conducting a fraudulent reinsurance transaction on Friday as part of a deal to end a years-long...
Jun 20 2012 // Willis Group Holdings announced the appointment of Luigi Giancristofaro as CEO for its reinsurance operations in Brazil (Willis Corretora de Resseguros Ltda). He is based in Rio de Janeiro, and is primarily responsible for...
Jun 18 2012 // Dan Koshiol, a 15-year veteran of major reinsurance brokerage firms, announced the formation of StoneHill Reinsurance Partners LLC. The company is based in Bloomington, Minn.Koshiol serves as president and chief executive...
Jun 18 2012 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the pooled and reinsured members of the Tower US Pool. Best also...