Latest Reinsurance Headlines

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

Willis Re Merges UK, Europe Teams; Forms Willis Re Europe

Oct 21 2010 // Willis Re, the reinsurance advisor and part of Willis Group Holdings, announced that it has merged its teams handling Continental European and UK-based property and casualty business into an expanded European unit and is...

Best’s London Briefing Highlights Challenges for Europe’s Insurers

Oct 20 2010 // “2011 will be another challenging year,” said Roger Sellek, the CEO of A.M. Best Europe – Rating Services Limited, at the rating agency’s annual review of the state of Europe’s insurance...

Aon Sees Catastrophes, Consolidation, Regulation in Asian Re Market

Oct 19 2010 // Aon Benfield launched a market update for the key Asia Pacific reinsurance hubs of Australia/New Zealand, Japan, Singapore and China at the recently concluded East Asian Insurance Congress (EAIC) in Bali.The announcement...

Private Insurers Eligible for Small Business Export-Credit Reinsurance

Oct 19 2010 // Private sector insurers that provide short-term export-credit insurance covering foreign receivables to U.S. exporters are now eligible for reinsurance from the Export-Import Bank of the United States (Ex-Im Bank).Atradius...

Ye Joins Aon Benfield China Team

Oct 18 2010 // Aon Benfield announced that it has appointed Helen Ye as executive director and head of catastrophe reinsurance in China.She will be responsible for “developing catastrophe reinsurance business by advising clients on...

Lloyd’s McGovern Navigates Turbulent U.S. Waters; Part I

Oct 15 2010 // A recent article in Lloyd’s “Market” magazine noted that Sean McGovern, General Counsel and, since February 2010, the Director of Lloyd’s North America, “loves to mess about in boats in his...

Integro Buys California Reinsurance Broker ReSource Intermediaries

Oct 12 2010 // Insurance brokerage and risk management firm Integro has acquired ReSource Intermediaries, Inc., a reinsurance advisory and brokerage firm based in San Francisco.The move paves the way for New York-based Integro to become...

Willis Re Releases Detailed Flood Models for Latin America

Oct 7 2010 // Willis Re, the reinsurance arm of global insurance broker Willis Group Holdings, has released “detailed risk estimates and large event scenarios for key cities including São Paulo, Santiago and...

Swiss Re Structures $138.6 Million Cat Bond for Groupama

Oct 6 2010 // Swiss Re’s Capital Markets unit announced that it has ‘successfully structured and placed €100 million [$138.6 million] of securities issued by Green Valley Ltd.,” covering windstorm events in...

Speculation on XL: Bermuda Ties May Attract Suitors

Oct 4 2010 // It’s cash-rich, led by a CEO with political aspirations, and was last year’s top S&P 500 performer.Pressured by soft pricing and slow premium growth, (re)insurer XL Group is also undervalued, analysts say,...

CEA Aims to Improve Value, Affordability of Calif. Earthquake Insurance

Oct 4 2010 // Californians might have more reason to retrofit their homes to better withstand a major earthquake, thanks to a recently adopted building code for retrofitting existing structures. The standard, approved in August by the...

Swiss Re Announces Major Division & Leadership Structure Reorganization

Oct 1 2010 // Swiss Re announced that it will “adjust its senior leadership structure to strengthen the company’s core capabilities and market presence with a focus on three key areas: Reinsurance, Corporate Solutions and...

CEA Aims to Improve Value, Affordability of Calif. Earthquake Insurance

Sep 27 2010 // Californians might have more reason to retrofit their homes to better withstand a major earthquake, thanks to a recently adopted building code for retrofitting existing structures. The standard, approved in August by the...

Danish Regulators Select U.S. RE for Terrorism Risk Capacity Study

Sep 22 2010 // U.S. RE ApS, the European subsidiary of U.S. RE Corporation, international reinsurance brokers, has been selected by Finanstilsynet, the Danish financial Supervisory Authority, to conduct a study of terrorism risk...

People

Sep 20 2010 // Scott Brock was appointed CEO of Dallas-based Goss Reinsurance Brokers Inc., the reinsurance brokerage division of U.S. Risk Insurance Group Inc. Brock will work with Chris Turner, president of Goss Re, to provide focused,...

Sep 20 2010 // U.S. P/C Reinsurers’ Premiums Decrease $12.8B in First Half of 2010 A group of 19 U.S.-based property/casualty reinsurers wrote $12.3 billion of net premiums during the six-months ended June 30, 2010, a decrease from...

S&P Sees No Effect on Endurance Ratings from Glacier Re Acquisition

Sep 16 2010 // Standard & Poor’s Ratings Services announced that its ratings on Bermuda-based Endurance Specialty Holdings Ltd. – currently ‘BBB+’ with a stable outlook – and its operating subsidiaries...

P/C Insurers Post First Half Profit Despite Underwriting Losses

Sep 16 2010 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.5 billion in first-half 2010 from $6 billion in first-half 2009, with insurers’ overall profitability as measured by their annualized...

Best Affirms Ratings of Lloyd’s Syndicate 510 and Kiln Group Limited

Sep 15 2010 // A.M. Best Europe – Rating Services Ltd has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 510, which is...

XL Looks Cheap; Bermuda Ties May Attract Offers

Sep 15 2010 // It’s cash-rich, led by a CEO with political aspirations, and was last year’s top S&P 500 performer.Pressured by soft pricing and slow premium growth, (re)insurer XL Group is also undervalued, analysts say,...