All the headlines from our Reinsurance Topic Page, ordered by recency.
Oct 30 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSRs) of ‘A’ (Excellent) and issuer credit ratings (ICRs) of “a” of Hiscox Insurance Company (Bermuda) Limited, the UK-based Hiscox...
Oct 26 2009 // An article on the Lloyd’s of London web site (www.lloyds.com) discusses the success of an “innovative solution” which can make funding available to governments in the aftermath of a natural...
Oct 19 2009 // Bermuda’s Minister of Finance Paula A. Cox announced that it has signed a bilateral agreement with Mexico that provides for a full exchange of information on criminal and civil tax matters between Bermuda and...
Oct 8 2009 // The U.S. RE Companies have been approved by the Brazilian regulatory authorities to launch the Company’s new subsidiary, U.S. RE Do Brasil Corretora de Resseguros, LTDA, as a reinsurance broker with offices in Sao...
Oct 8 2009 // New York-based U.S. RE Corporation, the international reinsurance brokerage firm, has formed a strategic alliance with Bruno Sforni S.p.A, an insurance and reinsurance broker located in Milan, Italy. The Company followed...
Oct 6 2009 // Insurance company rating firm Demotech, Inc. said it has affirmed the Financial Stability Ratings of A, Exceptional, assigned to Tower Hill Prime Insurance Co., Tower Hill Preferred Insurance Co., Tower Hill Select...
Sep 30 2009 // Willis Group Holdings has completed the purchase of 100 percent of the share capital of Herzfeld Willis S.A. (Retail operation) and Willis S.A. (Reinsurance operation) in Argentina. The business will now be known as Willis...
Sep 29 2009 // The Dublin International Insurance & Management Association (DIMA), the representative body for the international re/insurance industry in Ireland, has announced “another record year of premium income...
Sep 28 2009 // Private U.S. property/casualty insurers’ net income after taxes fell 59.3 percent to $5.8 billion in first-half 2009 from $14.1 billion in first-half 2008. Insurers’ overall profitability as measured by their...
Sep 25 2009 // State insurance regulators are throwing their weight behind a federal measure that would change the way reinsurance is regulated.The National Association of Insurance Commissioners (NAIC) is supporting the Reinsurance...
Sep 25 2009 // The Bermuda Monetary Authority (BMA) has signed a Memorandum of Understanding (MOU) with the Florida Office of Insurance Regulation (FLOIR).The bulletin noted that it “is the latest in a number of such agreements...
Sep 21 2009 // The world’s reinsurers gathered in Monte Carlo over the first weekend in September for their annual conclave. This year’s meetings were calm by comparison with prior years — no hurricanes ravaging...
Sep 16 2009 // The Association of British Insurers (ABI) has issued a bulletin calling for reform of the UK’s tax system in order for the country to remain competitive with lower cost domiciles. Citing a recently completed study,...
Sep 16 2009 // Chairman’s Mark America’s Healthy Future Act of 2009 Scheduled for Markup By the Senate Committee on Finance On September 22, 2009 America’s Healthy Future Act of 2009 TITLE I—HEALTH CARE...
Sep 15 2009 // A former executive of reinsurer General Re Corp. was sentenced to two years probation and fined $10,000 after pleading guilty to helping American International Group cook its books.U.S. District Judge Christopher Droney...
Sep 10 2009 // According to Swiss Re’s new sigma study, “the role of indices in transferring insurance risks to the capital markets”, both (re)insurers and investors benefit when clearly defined and regularly updated...
Sep 8 2009 // Eleven of the world’s biggest reinsurers will work to find common positions on tax, solvency, accounting and other rules and avoid being tarred with the same regulatory brush as banks, the group said late on...
Sep 8 2009 // Reinsurers promised to stand firm on the prices they charge for covering big risks like hurricanes and plane crashes, even as the recession robs their insurance company customers of cash needed to pay for the...
Sep 7 2009 // Florida property insurers are warning that a major hurricane is likely this season given the state’s history of storms.At the same time, the industry says, the state-backed catastrophe reinsurance fund, the Florida...
Sep 7 2009 // North Carolina Insurance Commissioner Wayne Goodwin said that $6.5 million will be returned to 661 employers who formerly were members of the Phoenix Fund Inc., a self-insured workers’ compensation fund that was put...