All the headlines from our Reinsurance Topic Page, ordered by recency.
Jan 23 2008 // Swiss Re announced today that Berkshire Hathaway has acquired a three percent stake in the company.Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway which will give it a share of Swiss...
Jan 17 2008 // RenaissanceRe announced that it expects two significant fourth quarter charges: — A charge which would result in a full reduction of the Company’s carried value in ChannelRe, which was $126.7 million at...
Jan 14 2008 // Miller Insurance Services Limited, an independent specialist insurance and reinsurance broker operating in the international markets and at Lloyd’s, announced that Richard Court has joined the Company, and will...
Jan 13 2008 // On Dec. 26, President George W. Bush signed the Terrorism Risk Insurance Program Reauthorization Act of 2007 to reauthorize the federal backstop for seven years.First and foremost, reauthorization of TRIA means it is...
Jan 11 2008 // Guy Carpenter & Company has released its “2008 Reinsurance Market Review: Near Misses Call for Caution.” The report presents a comprehensive review of global market conditions as of the January 1, 2008...
Jan 10 2008 // A.M. Best Co. has revised the rating outlook to negative from stable for the debt rating of “bbb” on $350 million non-cumulative perpetual preferred securities (issuer preferred securities) issued by Stoneheath...
Jan 9 2008 // Swiss Re announced that it has entered into an agreement to acquire a 25 percent stake in Vietnam’s leading reinsurance provider, Vietnam National Reinsurance Corporation (VinaRe), for VND1.3 trillion (approximately...
Jan 9 2008 // The former chairman and CEO of the world’s largest insurer initiated a deal that led to five ex-executives being charged in a scheme to manipulate the company’s financial statements, a federal prosecutor said...
Jan 8 2008 // Bermuda’s XL Capital Ltd’s reinsurance operations, XL Re, announced that certain of XL’s operating companies, referred to as the “Ceding Companies,” have entered into a quota share reinsurance...
Jan 8 2008 // Swiss Re’s Westport Insurance Corp. has announced a merger with Employers Reinsurance Corp. Both are U.S. domiciled corporations. Employers Reinsurance Corp. also maintains a Canadian Branch.In the merger, Employers...
Jan 4 2008 // France’s SCOR Group announced that it has opened a representative office in Johannesburg, South Africa, as part of its “strategic development plans for the English and Portuguese speaking markets on the African...
Jan 3 2008 // Guy Carpenter greeted the new year with the publication of “Near Misses, Plentiful Reminders: Global Reinsurance Review January 2008,” which it describes as a “briefing on the major trends driving pricing...
Jan 3 2008 // Willis Group Holdings has released its annual reinsurance renewals report for January 2008 with the rather ominous subtitle “Settling or Sinking?” The report highlights “one of the major trends witnessed...
Jan 3 2008 // Fitch Ratings said it has “reviewed the main changes introduced by Resolutions 168, 169, 170, 171 and 172 of Brazil’s National Private Insurance Board, published in December 2007.” See also IJ web site:...
Dec 31 2007 // A.M. Best Co. has affirmed the financial strength rating of ‘A’- (Excellent) and the issuer credit rating of “a-” of Singapore-based Asia Capital Reinsurance Group Pte. Ltd. (ACR) with stable...
Dec 31 2007 // From storms that flooded the Midwest destroying homes and business in the summer to a court ruling that could have a significantly negative impact on the medical malpractice insurance market in the state of Illinois, 2007...
Dec 31 2007 // The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of...
Dec 28 2007 // The former top executive of RenaissanceRe Holdings Ltd. – who resigned during an SEC probe into his company’s accounting practices – has joined forces with another reinsurance executive to launch a new...
Dec 28 2007 // Bermuda-based Validus Holdings, Ltd. announced that its wholly owned subsidiary Validus Reinsurance, Ltd. has entered into a collateralized quota share retrocessional reinsurance agreement with respect to certain lines of...
Dec 28 2007 // The Netherlands ING Group announced that it has reached an agreement with Berkshire Hathaway to sell its reinsurance unit NRG N.V. for approximately €300 million ($440 million). ING said the sale is part of its...