All the headlines from our Reinsurance Topic Page, ordered by recency.
Jun 6 2012 // Pearl River, N.Y.-based global reinsurance broker U.S. RE Corporation appointed Victor Marques as senior vice president. U.S. RE said Marques brings more than 25 years in the field to his new role at the company’s...
Jun 4 2012 // Insurers writing homeowners coverage in Florida could see a revision in their financial ratings after one of the nation’s top rating companies announced it will reconsider them in light of the financial problems...
Jun 4 2012 // Sufficient capacity remains available in the insurance and reinsurance markets to meet the demand for coverage prior to the approaching U.S. hurricane season, according to Fitch Ratings.Early forecasts for the 2012 U.S....
May 31 2012 // Reinsurance broker TigerRisk Partners reported that Nick Anning will join the firm as a director in its London office. In his new position Anning will serve as practice leader for North American reinsurance. Anning started...
May 25 2012 // Sufficient capacity remains available in the insurance and reinsurance markets to meet the demand for coverage prior to the approaching U.S. hurricane season, according to Fitch Ratings.Early forecasts for the 2012 U.S....
May 23 2012 // The American Insurance Association has issued a statement, which points out several instances of a “disconnect between the continued significant global insurance capacity and a strong demand for insurance products...
May 22 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Dublin, Ireland-based Renaissance Reinsurance Ltd. and Renaissance...
May 21 2012 // A.M. Best Co. announced it has downgraded the financial strength rating to C++ (Marginal) from B (Fair) and issuer credit rating to “b” from “bb” of Gramercy Insurance Co. (GIC) in Dallas, Texas....
May 15 2012 // Former American International Group Inc. Chief Executive Maurice “Hank” Greenberg said New York’s attorney general should be barred from invoking a 91-year-old state law in a fraud case over two suspect...
May 15 2012 // Swiss Re announced the appointment Alejandro Padilla, effective June 1, 2012, as Head of Reinsurance Latin America North and President of Swiss Brokers Mexico, Intermediario de Reaseguro, S.A. de C.V.He will be based in...
May 14 2012 // Cayman Islands-based Greenlight Capital Re, a specialist property and casualty reinsurer, has appointed John H. Drake, Jr. as Vice President, Business Development. He will be responsible for maintaining productive client...
May 11 2012 // The Bermuda-based Catlin Group Limited’s interim management statement for the first quarter of 2012 highlighted a 12 percent increase in gross premiums written to $1.642 billion for the period, compared to $1.465...
May 9 2012 // A New York appeals court on Tuesday gave former American International Group Inc. Chief Executive Maurice “Hank” Greenberg a partial victory in the state’s fraud lawsuit against him over two suspect...
May 4 2012 // Following its rating actions on the parent company, France’s SCOR SE, A.M. Best has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR)...
May 4 2012 // Swiss Re reported a very strong first-quarter with overall net income of $1.141 billion in comparison to a loss of $665 million in Q1 2011. “This result was driven by strong underwriting, good investment performance...
May 3 2012 // Florida’s Citizens Property Insurance Corp. has entered the catastrophic bond market in a big way by issuing $750 million in bonds, making it the largest insurance-linked security deal of its kind.Citizens Property...
May 3 2012 // UK-based broker Miller announced that it has enhanced its North Asia reinsurance broking capabilities by appointing Gao Zu Biao, who will be based in its Hong Kong office. Jennifer Lin, Head of Miller Hong Kong said the...
May 3 2012 // A.M. Best Europe – Ratings Services Limited has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of French...
May 3 2012 // Selected earnings highlights from Allied World Assurance for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 Gross premiums written ———— $680.292 mn $560.688 mn Net premiums written...
May 2 2012 // New York-based reinsurance holding company Southport Re appointed Glenn Weber to the newly created position of chief executive officer. Southport Re is part of New York-based private equity firm Southport Lane. As the top...