All the headlines from our Reinsurance Topic Page, ordered by recency.
Jun 10 2008 // Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on Fairfax Financial Holdings Ltd.’s (FFH) operating insurance companies (collectively, Fairfax) to...
Jun 3 2008 // Insurance is best regulated at the local level. That’s the opinion of California Insurance Commissioner Steve Poizner, who shared his views during his welcome address to the National Association of Insurance...
Jun 2 2008 // MetLife Inc, the largest U.S. life insurer, said Monday that it would divest its 52 percent stake in Reinsurance Group of America Inc .Under the multi-step transaction, MetLife said Reinsurance Group would recapitalize its...
Jun 2 2008 // Bermuda’s insurance regulator is increasing staffing by as much as 50 percent as it sets its sights on eventually reaching a mutual recognition agreement with other domiciles, executives at an insurance conference...
Jun 2 2008 // Editor’s Note: The following is part two of a discussion of the risk retention options available to managing general agents, the variables which may affect their execution, and the means and modes of analysis. The...
May 30 2008 // Science and technology are converging with risk management to help insurers negotiate the current hurricane season such that it’s now possible to use short-term hurricane forecasts — as few as 10 days out...
May 27 2008 // Swiss Reinsurance America Corporation and Swiss Reinsurance Company Ltd. have been officially recognized as admitted reinsurers by Susep, the Brazilian insurance regulator, with the ability to sell reinsurance in the newly...
May 22 2008 // Texas Insurance Commissioner Mike Geeslin has approved the Texas Windstorm Association’s request for increased reinsurance for the 2008 hurricane season.TWIA, the state-backed “insurer of last resort”;...
May 21 2008 // Aon Re Global has named Jan-Oliver Thofern as the new CEO and Chairman of its German subsidiary, Aon Ruck, the largest reinsurance broker in the country. He was previously a member of the Company’s Executive...
May 20 2008 // Lockton’s reinsurance division has appointed Michael Quy as Executive Director responsible for developing the global insurance broker’s specialist Engineering & Construction treaty reinsurance team. He...
May 19 2008 // The Florida Office of Insurance Regulation held a public hearing recently on a draft rule that would give the insurance commissioner discretion to allow unaccredited reinsurance companies to conduct business in Florida...
May 16 2008 // Fitch Ratings has issued a bulletin from its Hong Kong/Singapore offices indicating that “based on preliminary estimates, the earthquake in China is not expected to have a material impact on the balance sheets of the...
May 12 2008 // Aon Re Global, a unit of Aon Corporation, announced it has acquired Peruvian reinsurance intermediary Cosegur Re, “offering clients in Peru greater access to worldwide reinsurance markets” and Aon Re...
May 9 2008 // Eastern Insurance Holdings, Inc., based in Lancaster, Pa., reported net income of $2.6 million for the first quarter of 2008, compared to net income of $3.2 million for the same period in 2007.The company said highlights...
May 9 2008 // Duane Morris LLP announced that Max Stern and Peter Whalen, partners in its Trial Practice Group in San Francisco, have been named to jointly lead the Insurance and Reinsurance Industry Group for the international...
May 8 2008 // The Munich Re Group recorded a profit of €785 million ($1.2 billion) for the first quarter of 2008, down 19 percent from the €974 million ($1.495 billion) in the same period of 2007. The Group’s Operating result,...
May 8 2008 // Massachusetts insurance officials have blocked a 13.2 percent statewide rate hike by the state’s residual market home insurer.The decision by Insurance Commissioner Nonnie S. Burnes also kills a 25 percent increase...
May 7 2008 // Amlin plc, one of Lloyd’s largest insurers, has announced its intention to form a new Investment Management Partnership with John Wells, who will become Chairman, and Luca Albertini, who will become Chief...
May 7 2008 // Workers’ compensation insurance firm CRM Holdings, Ltd. reported that net income increased 71.7% to $5.0 million, from $2.9 million a year ago, but fee income plummeted due in part to the closing of CRM’s...
May 6 2008 // California-based NAS Insurance Services and Kentucky Hospital Insurance Company have entered into a new reinsurance arrangement for network security insurance. The agreement provides for KHIC to cover the insured...