All the headlines from our Reinsurance Topic Page, ordered by recency.
Jan 24 2010 // A recently announced plan by New York’s governor to boost his state’s financial services industry by recreating the New York Insurance Exchange has drawn the attention of insurance industry executives and...
Jan 24 2010 // January renewals showed signs of softening as reinsurers benefited from improved financial markets plus a lack of natural catastrophe claims in 2009. The three largest global reinsurance brokers – Aon Benfield, Guy...
Jan 24 2010 // The tragedy in Haiti is a reminder of how fragile life can be in developing countries.Despite the massive loss of life and widespread destruction in and around the capital Port-au-Prince, vital rescue efforts have been...
Jan 19 2010 // Swiss Re has concluded an agreement with Berkshire Hathaway Life Insurance Company of Nebraska to cede, a “closed block of yearly renewable term individual life reinsurance business, written prior to 2004.” The...
Jan 19 2010 // A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK), Bermuda-based Aspen Insurance Limited...
Jan 19 2010 // The struggling Irish economy heard some good news last week when XL announced that it is moving its place of incorporation to the Emerald Isle from the Cayman Islands, and will rename the company XL Group plc. Many of its...
Jan 14 2010 // Steve Crawford has been named president and chief executive officer at Grinnell Mutual Reinsurance Company located in Grinnell, Iowa. For the past two years, Crawford has served as the company’s chief operating...
Jan 11 2010 // January renewals showed signs of softening as reinsurers benefited from improved financial markets plus a lack of natural catastrophe claims in 2009, according to the latest issue of BestWeek U.S./Canada.The three largest...
Jan 10 2010 // Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co. LLC.Guy Carpenter’s World Catastrophe Rate on Line (ROL)...
Jan 8 2010 // Privately owned, independent reinsurance brokerage Lockton Re has expanded its presence in the United States with the appointments of three new executives – Larry Hunter-Blank, Joe Zuk and Scott D. Polkinghorne at...
Jan 5 2010 // Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co., LLC.Guy Carpenter’s World Catastrophe Rate on Line (ROL)...
Jan 4 2010 // Bermuda-based Armour Reinsurance Group Holdings Limited announced the appointment of Steve Ryland as Senior Vice President of the Group. His experience is in the areas of insurance run-off and the provision of services to...
Dec 31 2009 // “Orderly Softening” is the title of the latest edition of Willis Re’s “1st View.” The reinsurance division of Willis Group Holdings publishes the market review three times each year, examining...
Dec 31 2009 // U.S. Risk Insurance Group Inc., based in Dallas, Texas, has expanded into the specialty reinsurance brokerage marketplace.Goss Reinsurance Brokers Inc. will operate as a specialty reinsurance broker for medium to small...
Dec 30 2009 // In times like these, where the insurance industry is now in its fifth year of a soft market, the use of an agency captive insurance company can spark both revenue and profits to improve an agency’s overall financial...
Dec 22 2009 // Private U.S. property/casualty insurers’ net income after taxes rose to $16.2 billion through nine-months 2009, partially recovering from the 91.2 percent decline to $4.4 billion through nine-months 2008 from $49.6...
Dec 20 2009 // The PricewaterhouseCoopers report suggests that successful insurers will be those that carefully weigh the following considerations:Consolidation: The U.S. insurance market remains highly fragmented, and the strong...
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Dec 18 2009 // “Since insurance rates were partially deregulated in 1995, the California workers’ compensation insurance market has been very volatile. For reasons that go beyond price deregulation, there have been dramatic...
Dec 16 2009 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicates 570 and 609, which are both managed by Atrium...