All the headlines from our Reinsurance Topic Page, ordered by recency.
Feb 21 2008 // Willis Re, the reinsurance operations of Willis Group Holdings, has released new research analyzing the risk to the underwriting portfolios of professional liability re/insurance Underwriters stemming from the sub-prime...
Feb 20 2008 // Swiss Re announced that it will become an admitted reinsurer in Brazil with a representative office in São Paulo. The world’s largest reinsurer joins Lloyd’s and Munich Re in accessing the Brazilian market...
Feb 20 2008 // Chicago-based Navigant Consulting, Inc. has established Navigant Consulting (Bermuda) Ltd. to extend its services to the island’s insurance and reinsurance market.“The Company will offer its full suite of...
Feb 15 2008 // France’s SCOR Group said it has reached its objective for “successfully consolidating two strong independent reinsurance groups into one leading franchise at this year’s January renewals.” 78...
Feb 14 2008 // Lloyd’s plans to expand in Brazil and is in the process of making a formal application to be an admitted reinsurer in the country. Its first representative office will be in Rio de Janeiro.Lloyd’s Chairman,...
Feb 12 2008 // Minneapolis-based Collins is expanding its services as a reinsurance intermediary to Europe. President and CEO Pat Denzer announced that the Company had engaged Michel Fernandez, a native Parisian, who has worked for 15...
Feb 12 2008 // Minneapolis-based Western National Insurance Group recently announced that effective as of Feb. 11, 2008, Jeffrey J. Couchman will join the Western National Insurance Group’s management team, serving as both senior...
Feb 11 2008 // Lockton has created a China Desk in London managed by Jiong Zhang, to reinforce the global broker’s existing relationships with insurance and reinsurance clients in the Far East.Lockton’s Executive Chairman...
Feb 11 2008 // After a month of testimony, jurors in Hartford are expected to begin deliberating this week over the fate of former executives of General Re Corp., a reinsurance company owned by Berkshire Hathaway, without hearing from...
Feb 10 2008 // Hit by an increase in catastrophe losses, Northbrook, Ill.-based insurer Allstate Corp. saw its profit drop by more than 37 percent in the fourth quarter of 2007 compared to the same period in 2006.The fourth quarter net...
Feb 10 2008 // Insurance trade organizations believe a move by Florida Gov. Charlie Crist to reduce collateral requirements for foreign reinsurers in the state’s insurance market will adversely affect Florida consumers; Florida...
Feb 7 2008 // Munich Re announced that, following the opening of the Brazilian reinsurance market (See IJ web site – https://www.insurancejournal.com/news/international/2007/12/27/85928.htm), it plans to establish a subsidiary in...
Feb 7 2008 // A former top executive for General Reinsurance Corp. e-mailed billionaire investor Warren Buffett in 2000 about a reinsurance transaction with American International Group Inc. that triggered a criminal trial, a government...
Feb 6 2008 // France’s SCOR Group has received final approval to start operating a Property and Casualty branch in Beijing from the China Insurance Regulatory Commission (CIRC). The endorsement of SCOR’s request to set up a...
Feb 4 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 will be based in Philadelphia and will...
Jan 31 2008 // International professional services firm Towers Perrin announced that it is expanding its reinsurance intermediary business to serve the French domestic market. It has appointed Serge Mussard as Managing Director of its...
Jan 31 2008 // Hit by an increase in catastrophe losses, Northbrook, Ill.-based insurer Allstate Corp. saw its profit drop by more than 37 percent in the fourth quarter of 2007 compared to the same period in 2006.The fourth quarter net...
Jan 30 2008 // The Munich Re Group announced that it expects a record profit for 2007 of €3.9 billion ($5.77 billion) on the basis of preliminary figures. The amount exceeds the profit guidance of €3.5-3.8 billion ($5.18 to $5.62...
Jan 30 2008 // Itasca, Illinois-based insurance brokerage Arthur J. Gallagher & Co. reported a drop in profit for the fourth quarter and announced it would sell its global reinsurance operation and its small Ireland-based wholesale...
Jan 28 2008 // Following its decision to downgrade SCA and XL’s financial guaranty subsidiaries, Fitch Ratings announced that it has also downgraded XL Capital Ltd. and its P/C insurance reinsurance. Fitch lowered the Group’s...