All the headlines from our Reinsurance Topic Page, ordered by recency.
Jul 20 2009 // UK specialist insurance and reinsurance broker Miller Insurance Services Limited announced that Nick Early and Tony Dryden have joined its Facultative Reinsurance business unit. Both men join Miller from BenfieldEarly has...
Jul 15 2009 // Standard & Poor’s Ratings Services has affirmed its ‘A+’ long-term counterparty credit and insurer financial strength ratings on various operating companies belonging to global reinsurer Swiss...
Jul 15 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Omega Specialty Insurance Company Limited (OSIL), both with stable...
Jul 13 2009 // Guy Carpenter & Company, LLC announced that it has named Chris McKeown as Chief Executive Officer of Global Analytical and Specialty Practices. He will be responsible for Guy Carpenter’s Instrat® modeling...
Jul 13 2009 // Aon Benfield announced that Energi Holdings, an industrial captive reinsurance company, has utilized its ‘CapTivate’ reinsurance solution to support Energi’s growth. Aon described the program as a...
Jul 13 2009 // The short-term success of Hannover Re’s bid to diversify away from risky businesses is hostage to the hurricane season, while further out, it is likely to lead to a positive re-rating of the shares.The world’s...
Jul 10 2009 // Validus Holdings Ltd. said it has agreed to buy Bermuda reinsurance rival IPC Holdings Ltd. for $1.65 billion in cash and stock, beating another rival, Flagstone Reinsurance Holdings Ltd, and likely ending a months-long...
Jul 6 2009 // Bermuda-based PartnerRe announced that it has entered into definitive agreements to acquire PARIS RE, a French-listed, Swiss-based diversified reinsurer. PartnerRe will exchange 0.30 of its common shares for each PARIS RE...
Jul 1 2009 // A report from Willis Re indicates that “despite predictions of dramatic rate increases to offset reinsurer losses over the preceding 12 months, July 1 reinsurance renewals saw sufficient capacity in virtually all...
Jul 1 2009 // Upward pressure on property/catastrophe reinsurance rates in the U.S. eased at the July 1, 2009 renewal, as capacity in the market remained sufficient without being abundant, according to a briefing published today by Guy...
Jun 29 2009 // Insurers are still seeking a universal solution to weaknesses in catastrophe bonds exposed by Lehman Brothers’ collapse, though structural improvements have helped push sales past $1 billion this year.This...
Jun 26 2009 // Legislation aimed at streamlining and reducing barriers in state regulation of surplus lines insurance and reinsurance has been introduced in the U.S. Senate.The Nonadmitted and Reinsurance Reform Act (NRRA) of 2009, or S...
Jun 23 2009 // Reinsurance company IPC Holdings Ltd said Tuesday it has held talks with suitor Validus Holdings Ltd but it has also solicited takeover interest from other companies.IPC, which has launched a search for a new chief...
Jun 18 2009 // A.M. Best Co. has downgraded the financial strength rating to B (Fair) from B+ (Good) and issuer credit rating to “bb” from “bbb-” of State Farm Florida Insurance Co.The rating agency’s...
Jun 12 2009 // Big European reinsurers said on Friday that they still expected no major losses from an influenza outbreak that the World Health Organization (WHO) this week declared the first flu pandemic of the 21st Century.“The...
Jun 11 2009 // Property/casualty insurers and reinsurers rely more than ever on the expertise of actuaries at a point in the cycle when the market is neither softening nor hardening, attendees at the CAS Seminar on Reinsurance were told...
Jun 10 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the Bermuda-based Everest Re Group, Ltd.’s reinsurance and...
Jun 1 2009 // Florida property/catastrophe reinsurance rates increased by 15 percent at the June 1, 2009, renewal, compared to a decline of 15 percent a year ago, according to reinsurance specialist Guy Carpenter & Co.In a new...
Jun 1 2009 // Legislation aimed at making access to the surplus lines market more efficient and help standardize state insurance regulation has been introduced again in the U.S. House of Representatives.Reps. Dennis Moore, D-Kan., and...
May 28 2009 // American International Group Inc. said Thursday it will sell a part of its 59 percent stake in reinsurer Transatlantic Holdings Inc. to the public in a secondary offering, marking its latest divestiture.AIG, which is...