Latest Reinsurance Headlines

All the headlines from our Reinsurance Topic Page, ordered by recency.

Best Europe Affirms ‘A’ Ratings of HDI, Gerling, Talanx Companies

Dec 28 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Germany’s HDI...

Catastrophes Top 2010 List of Major Global Insurance Events

Dec 23 2010 // Natural and man-made catastrophes topped the list of the most significant events in 2010, with three major earthquakes, a near record number of hurricanes, some serious typhoons and windstorms, a volcanic eruption and a...

Aon Benfield Licenses ReMetrica to Bahrain’s Q-Re

Dec 21 2010 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has licensed ReMetrica – its flagship capital modeling tool – to Bahrain-based Q-Re, a Middle East reinsurer.“ReMetrica...

S&P Rates Catlin Re ‘A’; Sees ‘Key Benefits’ from Swiss-based Subsidiary

Dec 21 2010 // Standard & Poor’s Ratings Services has assigned its ‘A’ counterparty credit and financial strength ratings to Switzerland-based Catlin Re Switzerland (CRCH), a new insurance entity created as a...

ACE Launches Operation in Dubai International Financial Centre

Dec 20 2010 // The ACE Group of insurance and reinsurance companies announced that it has been granted a license from the Dubai Financial Services Authority to establish a wholly owned subsidiary in the Dubai International Financial...

Fact or Fiction? Insurance Tidbits of Known and Little-Known Information

Dec 20 2010 // Have you ever wondered what big events helped shape regulation of the current U.S. insurance industry? Or if drivers of certain cars have more risk? What about the most attractive insurance job in the industry? These are...

Best Affirms Amlin AG’s ‘A’ Ratings

Dec 17 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Swiss-based Amlin AG, a reinsurance subsidiary of...

Aon Benfield Releases Annual Cat Report; Insured Losses at $38 Billion

Dec 17 2010 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, has released its Annual Global Climate and Catastrophe Report, which reviews the natural disaster perils that occurred worldwide...

Allied World Reinsurance U.S. Launches Global Marine, Specialty Division

Dec 15 2010 // Allied World Reinsurance has launched a global Marine and Specialty Division that will initially offer reinsurance for marine, aviation, satellite and crop reinsurance on a global basis. Allied World Re U.S. has appointed...

Catlin Re Switzerland Receives Approval from Swiss Regulators

Dec 8 2010 // Catlin Group Limited, the international specialty property/casualty insurer and reinsurer, announced that its reinsurance subsidiary, Catlin Re Switzerland Ltd. has received approval from the Swiss Financial Market...

Donegal Group Inc. Acquires Michigan Insurance Co.

Dec 7 2010 // Donegal Group Inc. announced that it had completed the acquisition of Michigan Insurance Co., which was formerly a majority-owned subsidiary of West Bend Mutual Insurance Co. The final purchase price will be calculated...

P/C Insurers, Reinsurers Put Positive Spin on Federal Regulatory Role

Dec 6 2010 // The federal government’s new role in insurance regulation poses significant challenges and opportunities for the insurance industry, according to insurer trade group executives.The establishment of the Federal...

Guy Carpenter Survey: Program Administrators Say Business Stable But Less Profitable

Dec 5 2010 // The current insurance program market is mature and stable, with business estimated at $20 billion, but profitability may be declining, according to a new survey of program administrators (PA) and managing general agents...

ReSource Intermediaries Acquires Reinsurance Advisory Services

Dec 3 2010 // ReSource Intermediaries Inc. has acquired San Francisco-based Reinsurance Advisory Services Inc. (RAS). Financial details of the transaction were not disclosed.RAS, a risk advisor and reinsurance intermediary focused on...

A.M. Best Upgrades Wisconsin’s 1st Auto & Casualty Insurance Co.

Dec 1 2010 // A.M. Best Co. has upgraded the financial strength rating (FSR) to B++ (Good) from B+ (Good) and issuer credit rating (ICR) to “bbb” from “bbb-” of 1st Auto & Casualty Insurance Company (1st...

DIMA Clarifies S&P Ratings Bulletin on Ireland Debt, Re/insurers

Nov 30 2010 // Dublin International Insurance & Management Association (DIMA), the representative body for the international re/insurance industry in Ireland, announced that it has “been in contact with rating agency Standard...

Cooper Gay Restructures Marine Reinsurance Team

Nov 29 2010 // Cooper Gay, the UK-based independent global wholesale broker, which combined with Swett & Crawford in July, has restructured its London based marine and energy reinsurance team to target continuing growth in market...

Aon Benfield Launches New ‘ReMetrica’ Model for Solvency II

Nov 29 2010 // Aon Benfield’s London office announced the launch of its new Solvency II-focused version 5 of ReMetrica, its dynamic financial analysis tool for capital modeling.ReMetrica has evolved to help re/insurers meet the...

Newly Formed Aliseo Re Enters Global Retrocession Market

Nov 24 2010 // Barbados-based Aliseo Reinsurance SCC announced its entry into the global retrocession market with an initial capitalization of $300 million. Aliseo Re said it would “operate as a monoline retrocessionaire focusing...

RatingsRounup: Allied World (Notes), ZEP-Re, Evergreen Re

Nov 22 2010 // A.M. Best Co. has assigned a debt rating of “bbb” to the recently issued $300 million 5.5 percent senior unsecured notes due 2020 of Bermuda-based Allied World Assurance Company Holdings, with a stable outlook....