All the headlines from our Reinsurance Topic Page, ordered by recency.
Jun 25 2010 // Aon Benfield announced that it has signed an exclusive partnership with the University of Cologne – “a leading research centre with a long record of wind storms diagnostics, extreme weather modeling and impact...
Jun 24 2010 // Price Forbes & Partners, an independent, London-based specialist insurance broker, announced the expansion of its business through the establishment of a Treaty Reinsurance Division.Starting October first, the...
Jun 23 2010 // Dutch insurer Aegon NV is considering the sale of its U.S.-based Transamerica Reinsurance unit but has decided not to sell its UK arm, as it seeks to concentrate on its most profitable activities.Aegon said on Tuesday any...
Jun 21 2010 // Insurers are issuing catastrophe bonds again to complement traditional and cheaper reinsurance and to spread the risks in buying protection against events that could cost them tens of billions of dollars in claims.The...
Jun 21 2010 // Reinsurance pricing at the June 1 Florida renewal are down by 10 percent to 12 percent on average, on a year-over-year risk adjusted basis.That’s according to reinsurance intermediary Guy Carpenter & Co., which...
Jun 21 2010 // Florida Insurance Commissioner Kevin McCarty thinks the time has come for the private insurance industry and public leaders to move beyond debating regulation of insurance rates and “be open and willing to make...
Jun 18 2010 // Florida officials have agreed to allow Bermuda-based reinsurer XL Re Ltd. to participate in Florida’s insurance marketplace under rules calling for reduced collateral.According to the Florida Office of Insurance...
Jun 17 2010 // Willis Re, the reinsurance arm of Willis Group Holdings announced the establishment of a new office in Toronto, Canada. The office will open September 1, 2010 and will complement Willis Group’s existing presence in...
Jun 15 2010 // Aon Benfield has published a new report – “When The Earth Moves: Mega-Earthquakes To Come?” – in conjunction with the Aon Benfield UCL Hazard Research Centre. The report was prompted by the recent...
Jun 10 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Cayman Islands-based Eastern Re Ltd. S.P.C., both with stable outlooks.The ratings...
Jun 10 2010 // Home and condominium insurer Olympus Insurance Co., which in April came under scrutiny by Florida insurance regulators, has convinced the regulators that its financial contracts, accounting methods, reinsurance program and...
Jun 8 2010 // A bulletin from Munich Re, the world’s largest reinsurer, concludes that the “long-term trend towards ever higher natural catastrophe costs” looks set to continue, according to an analysis from its Geo...
Jun 4 2010 // Volcanic eruptions are right up there with hurricanes and earthquakes on the list of nature’s most formidable catastrophes. The April eruption of the Eyjafjallajokull volcano in Iceland was but one manifestation...
Jun 3 2010 // Guy Carpenter, Marsh’s reinsurance brokerage and risk assessment division, has published “Terrorism: Reinsurers Standing By.” It concludes that “insurers and reinsurers have become increasingly...
Jun 3 2010 // Reinsurers have bumped up prices for offshore energy-related insurance premiums by 50 percent following insurance industry losses of up to $3.5 billion from the BP plc oil spill in the Gulf of Mexico, Moody’s...
Jun 1 2010 // Reinsurers transferred $2.35 billion in catastrophe risk to capital markets before the U.S. hurricane season that began Tuesday, higher than the $1.4 billion last year, as the catastrophe bond sector starts to resume...
Jun 1 2010 // Reinsurance pricing at the June 1, 2010 Florida renewal are down by 10 percent to 12 percent on average, on a year-over-year risk adjusted basis. That’s according to reinsurance intermediary Guy Carpenter & Co.,...
May 24 2010 // Based on what are so far only preliminary estimates, Standard & Poor’s Ratings Services said it expects insured losses from the oil spill in the Gulf of Mexico “to be significantly less and be spread among...
May 24 2010 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of New York-based AXA...
May 20 2010 // The Coalition for Competitive Insurance Rates (CCIR) has issued a bulletin commending the European Union for “speaking out against a controversial tax proposal on affiliated reinsurance included in President...