All the headlines from our Reinsurance Topic Page, ordered by recency.
May 5 2008 // A coalition of U.S. insurers is calling on lawmakers to close a tax loophole that helps foreign insurers, and although it has won the support of presidential hopeful Hillary Clinton, it faces a harder task convincing...
May 5 2008 // Editor’s Note: The following is part one of a discussion of the risk retention options available to MGAs, the sundry variables which may affect their execution, and the means and modes of analysis available.The...
May 2 2008 // A report from Standard & Poor’s Ratings Services analyzes the catastrophe bond and reinsurance sidecar markets, which, S&P concludes, have “experienced sharp surges of activity after 2005.”...
Apr 30 2008 // An unusual alliance of insurance and environmental groups is urging lawmakers to focus on policies that encourage property mitigation and environmental protection in catastrophe-prone areas, rather than expanding the...
Apr 30 2008 // General Re Corp. reports that I. John Cholnoky has been promoted to president of General Reinsurance Corp. and manager of Gen Re’s global direct Property and Casualty operations.Cholnoky’s responsibilities will...
Apr 29 2008 // The Florida Office of Insurance Regulation held a public hearing to ask for input on a draft rule that would implement 2007 legislation giving the insurance commissioner discretion to allow unaccredited reinsurance...
Apr 25 2008 // U.S. medical liability insurers anticipate their primary rate levels to decrease in 2008, compared with 2007, while the average frequency and severity of claims sustained by their firms will remain about the same as last...
Apr 23 2008 // The Bermuda-based Everest Re Group, Ltd. announced that its subsidiary, Everest Reinsurance Company, has applied to the Brazilian regulatory authorities for approval as an occasional reinsurer. Everest said: “The...
Apr 21 2008 // Tort reform efforts seem to be working, frequency of claims for medical liability is going down, surplus is up and reinsurance capital is available — and, yes, it is a soft market. Those comments reflect the...
Apr 18 2008 // Lloyd’s has received approval from the Superintendence of Private Insurance (SUSEP) to become the first admitted reinsurer in Brazil. Lloyd’s announced that it had applied for the license in February (See IJ...
Apr 17 2008 // Citing increased exposure along the Texas coast, the Texas Windstorm Insurance Association has requested Commissioner of Insurance Mike Geeslin to authorize the purchase of $1.5 billion in reinsurance for the windstorm...
Apr 17 2008 // Bermuda-based PartnerRe Ltd. has established a representative office in Sao Paulo, and has applied for a license to become an admitted reinsurer in Brazil.“The move follows the opening of the Brazilian reinsurance...
Apr 16 2008 // Pricing is projected to be favorable for traditional property catastrophe reinsurance programs when insurers seek mid-year renewals, according to an analysis conducted by Aon Re Global, a unit of the Aon...
Apr 15 2008 // Federal Insurance Company, a member of the Chubb Group, has applied for a license to operate as an admitted reinsurer in Brazil with a representative office in São Paulo.Chubb Senior Vice-president Herman Weiss, Latin...
Apr 11 2008 // Not to be outdone by it French competitor (See related article), Transatlantic Reinsurance Company (TRC), a wholly-owned subsidiary of Transatlantic Holdings, Inc., has recently applied to Brazil’s regulatory...
Apr 11 2008 // France’s SCOR has been admitted as a property and casualty reinsurer in Brazil. In addition, SCOR is currently completing the formalities for SCOR Global Life US Re Insurance Company to operate as an admitted Life...
Apr 7 2008 // XL Re, the global reinsurance operations of XL Capital Ltd. said it plans to serve the Brazilian reinsurance market as both a local and admitted reinsurer, subject to regulatory approval.XL Re’s entry is a response...
Apr 4 2008 // Democratic presidential hopeful Hillary Clinton, as part of a broad plan to boost the fortunes of U.S. workers, if elected would clamp down on tax benefits to foreign insurers doing business in the United States, she...
Apr 3 2008 // Lloyd’s announced a pre-tax profit of £3.846 billion ($7.622 billion) for 2007, compared to £3.662 billion ($7.26 billion) in 2006. Gross written premiums were down slightly at £16.366 billion ($32.346 billion)...
Apr 2 2008 // Willis Group Holdings has released its annual reinsurance renewals report for April 2008 – entitled “Plenty of Capacity, Plenty of Capital.” The report examines the first quarter of 2008.It found that...