All the headlines from our Reinsurance Topic Page, ordered by recency.
Mar 15 2011 // The Bermuda-based Arch Capital Group announced that the Company’s 2011 first quarter results will be negatively impacted by the New Zealand earthquake, which occurred in February 2011, in the range of $35 million to...
Mar 14 2011 // A decline in shares of Japanese non-life insurers including MS&AD Insurance Group [Mitsui Sumitomo] is expected to be temporary as the impact on their earnings of the earthquake and tsunami in northeast Japan should be...
Mar 10 2011 // Heavy damage claims from an earthquake, floods and a storm this year will put Munich Re’s full-year profit goal at risk if claims do not subside in the coming quarters.The world’s biggest reinsurer said it...
Mar 9 2011 // Germany’s Hannover Re reported a “very pleasing year,” as after tax group net income rose to €748.9 million [$1.043 billion], from €733.7 million [$1.021 billion], despite the operational business...
Mar 8 2011 // Jacksonville-based MedMal Direct Insurance Co. has created a new reinsurance treaty with a panel of international reinsurers including Lloyd’s of London and Bermuda based companies. With this treaty, physicians in...
Mar 8 2011 // French reinsurer SCOR Group continued to strengthen its financial position in 2010, posting net income of €418 million [$582.5 million] up 13 percent from 2009, and premium income of €6.7 billion [$9.34 billion], up 5...
Mar 7 2011 // Jennifer McPhillips has been promoted to senior director of federal government affairs for the Independent Insurance Agents & Brokers of America (the Big “I”) and will serve as one of the...
Mar 3 2011 // Florida is allowing the Allied World Assurance Co. to meet a lower collateral requirement, making the Bermuda-based foreign reinsurer the ninth such reinsurer the state has approved. “We are encouraged by the number...
Mar 3 2011 // A.M. Best’s London office announced that it “has begun to assess the financial impact of the Feb. 22, 2011 Christchurch earthquake on New Zealand’s non-life insurance industry, and it expects capital...
Mar 3 2011 // Specialist insurer Markel International has appointed Nick James to its specialty division as a class underwriter in US and Canada property treaty reinsurance. He will work alongside Robin Ungless and Nick Hillman in...
Feb 28 2011 // Florida has approved lower collateral payments for another Bermuda reinsurer, the eighth foreign reinsurer to be granted this approval by the state.Tokio Millennium Re Ltd., a subsidiary of Tokio Marine & Nichido Fire...
Feb 25 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, has launched its new report: ‘Chile: One Year On’ ,which highlights how the earthquake tested the reinsurance market and...
Feb 25 2011 // Bermuda-based PartnerRe Ltd. Has announced leadership changes in its Catastrophe business unit, effective April 1, 2011.Brian Secrett, currently Chief Underwriting Officer and Deputy Head, Catastrophe, has been appointed...
Feb 25 2011 // The agricultural insurance market is facing rising demand along with pressures to adapt to changes in farming and to become more efficient in delivering products.Increasing world demand for food is driving up commodity...
Feb 25 2011 // Goss Reinsurance Brokers LLC, a privately owned reinsurance intermediary firm headquartered in Dallas, Texas, announced it has changed the company name to Advocate Reinsurance Partners LLC.The name change was brought about...
Feb 24 2011 // New Zealand’s government may have to recapitalize its crucial national disaster safety fund after being hit by two major earthquakes in five months, analysts and insurers say.The government could decide to dip into...
Feb 24 2011 // London-based Cooper Gay, the independent wholesale, reinsurance and specialist retail insurance broker, has appointed Jeremy Austen as Head of Broking for its Singapore office.He reports to Asia Pacific Regional Managing...
Feb 23 2011 // The insurance industry faces damage claims of between $3.5 billion and $8 billion from Tuesday’s devastating earthquake around Christchurch, New Zealand, catastrophe modeling firm Air Worldwide said.“The quake...
Feb 22 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, is calling for a “simplified Internal Model Approval Process (IMAP) for natural catastrophe risk that would encourage insurers...
Feb 18 2011 // A report from Aon Risk Solutions, the global risk management business of Aon, concludes that Protection and Indemnity (P&I) Clubs are experiencing a “continued improvement in claims trends, and a restored...