All the headlines from our Reinsurance Topic Page, ordered by recency.
Apr 1 2008 // With the United States bracing for big hurricanes this year, new derivatives to trade catastrophe risks offer insurers the extra protection they crave against multi-billion-dollar storms.Trading of “catastrophe...
Mar 28 2008 // Standard & Poor’s Ratings Services latest report on the global reinsurance industry – “2008 Reinsurance Renewals: Underwriting Discipline Takes Center Stage As Price Adequacy Declines Further-”...
Mar 28 2008 // Bermuda’s Allied World Assurance Co. Holdings, Ltd. reported the official launch of its U.S. reinsurance operation. The launch follows the completion of Allied World’s acquisition of Finial Insurance Co.,...
Mar 27 2008 // Legislation passed by the Florida Senate this week would reduce the amount of state-funded reinsurance that insurers can purchase under the temporary increase in coverage limit (TICL) program.The Senate bill would reduce...
Mar 18 2008 // The Bermuda-based Arch Capital Group Ltd. and Gulf Investment Corporation (GIC) announced that they have entered into a joint venture agreement to establish Gulf Re, a new specialist reinsurer to be based in the Dubai...
Mar 14 2008 // The Florida Senate Select Committee on Property Insurance Accountability wants to restrict reinsurance costs in rates and strengthen the excess profits law among other things.Co-chaired by Sen. Jeff Atwater, R- North Palm...
Mar 14 2008 // There is a job change coming for an executive whom investors say could become the next Warren Buffett.David Sokol, widely considered among the top candidates to eventually replace Buffett as chief executive of Berkshire...
Mar 13 2008 // Germany’s Hannover Re reported excellent result for 2007 with the Group’s net income up 42.6 percent to €733.7 million ($1.144 billion. “We surpassed our profit targets and reported the highest Group...
Mar 12 2008 // Bermuda-based Flagstone Reinsurance Holdings Limited announced that it has signed an agreement to invest, via a subsidiary, in the capital stock of Imperial Reinsurance Company Limited, acquiring a 65 percent stake in the...
Mar 10 2008 // The insurance market in Florida is adjusting to changing conditions — some man-made, others resulting from forces of nature — all of which make property insurance for Florida homeowners more available and more...
Mar 5 2008 // Fitch Ratings will host a teleconference today, Wednesday, March 5, to discuss the Bermuda insurance and (Re)insurance markets and trends expected to affect this industry in 2008. Fitch’s analysts will also delve...
Mar 4 2008 // Fitch Ratings has released a new “Special Report” examining the state of Bermuda’s insurance and reinsurance industry, which concludes that it “continues to develop as a thriving domicile for...
Feb 29 2008 // Swiss Re, the world’s biggest reinsurer, made better than expected 2007 net profit, as it escaped further subprime writedowns in the fourth quarter, and gave a confident earnings outlook.It reported on Friday a...
Feb 28 2008 // A.M. Best Co. has issued an analysis of the global reinsurance sector, indicating that it will maintain an overall “stable outlook” for 2008 for the second consecutive year.“The affirmation of the...
Feb 25 2008 // The insurance market in Florida is adjusting to changing conditions – some man-made, others resulting from forces of nature – all of which make property insurance for Florida homeowners more available and more...
Feb 25 2008 // Aon Corporation announced that it has reached an agreement “to acquire substantially all of Gallagher Re’s U.S. and U.K. reinsurance brokerage business. In addition, a team of industry professionals from...
Feb 25 2008 // The Munich Re Group announced consolidated profits for 2007 of €3.937 billion ($5.836 billion), surpassing its increased profit guidance of €3.5 to €3.8 billion ($5.18 to $5.63 billion) announced in August. The...
Feb 24 2008 // BMS, a reinsurance intermediary based in Philadelphia, has appointed James T. Buysse as chief executive officer of its North American operations, BMS Intermediaries Inc.Buysse has 25 years of experience in the reinsurance...
Feb 24 2008 // PeopleManaging general agency and surplus lines wholesaler U.S. Risk Insurance Group Inc. named Terri Haselden vice president and manager of the Dallas Commercial Underwriting Department. Haselden, an experienced...
Feb 22 2008 // The Bermuda-based Catlin Group Limited has purchased a collateralized US$150 million annual aggregate reinsurance contract to protect the Group’s portfolio of property treaty reinsurance against accumulated losses...