Latest Reinsurance Headlines

All the headlines from our Reinsurance Topic Page, ordered by recency.

The offshore reinsurance tax debate resurfaces in Congress again

Oct 8 2007 // An industry executive, representing a coalition of 14 large U.S.-based insurance groups, told the U.S. Senate Finance Committee late last month that a major tax advantage for certain foreign insurance groups could threaten...

News Currents

Oct 8 2007 // The offshore reinsurance tax debate resurfaces in Congress againDomestic-owned insurers claim Bermuda-based companies hold an unfair tax advantage An industry executive, representing a coalition of 14 large U.S.-based...

Guy Carp Affiliates Change Name

Oct 5 2007 // Guy Carpenter & Company, LLC announced that Reinsurance Solutions International and ReSolutions International Limited, its US subsidiary and UK affiliates, have changed their names to Reinsurance Solutions LLC and...

Regulators Move to Align U.S. Reinsurance Regulation with Foreign

Sep 30 2007 // The nation’s insurance regulators are moving to modernize reinsurance regulation in the United States.The proposal — developed by a subgroup of the National Association of Insurance Commissioners’ (NAIC)...

The Offshore Tax Debate – Déjà vu – All over Again

Sep 28 2007 // At least that’s how Yogi Berra might describe it. On Sept. 25 William R. Berkley, chairman and CEO of the company of the same name, gave a detailed indictment before the Senate Finance Committee of the iniquities...

Insurers Urge Congress to Level Bermuda Insurers’ Tax Playing Field

Sep 26 2007 // An industry executive, representing a coalition of 14 large U.S.-based insurance groups, told the U.S. Senate Finance Committee on Wednesday that a major tax advantage for certain foreign insurance groups could threaten...

U.S. reinsurers report premiums dropped in 2Q

Sep 24 2007 // The Reinsurance Association of America (RAA), a group of 22 U. S. property and casualty reinsurers, reported writing $12.2 billion of net premiums during the six-months ended June 30, 2007, a decrease of $7.5 million from...

Reinsurance was easier to find and cheaper in 2007

Sep 24 2007 // What a difference a year makes. Florida insurers had to look high and low for reinsurance in 2006, and pay dearly if they could find it.In 2007, it was a different story.According to Jack Mangiante, senior vice president...

Catastrophes: There is no free lunch

Sep 24 2007 // Any study that implies consumers and taxpayers have thousands of years to realize savings is immediately suspect.Since the devastating hurricane seasons of 2004 and 2005, some Florida politicians and a few insurers have...

Calif. high court rules discovery does not apply to reinsurance documents

Sep 24 2007 // The California Supreme Court has ruled that a statute authorizing limited discovery of a defendant’s insurance coverage does not include authorization to look into reinsurance agreements as part of facilitating a...

Florida’s private insurers try to be heard amid political storm

Sep 24 2007 // Florida’s property insurance industry is in the middle of the hurricane season — the political hurricane season.The state’s politicians promised homeowners their insurance premiums would go down after the...

Reinsurance was easier to find and cheaper in 2007

Sep 24 2007 // What a difference a year makes. Florida insurers had to look high and low for reinsurance in 2006, and pay dearly if they could find it. In 2007, it was a different story.According to Jack Mangiante, senior vice president...

Florida’s private insurers try to be heard amid political storm

Sep 24 2007 // Protesters gathered on the steps of the old Florida Capitol to protest the high cost of property insurance rates in January in Tallahassee. The Legislature was in special session to pass homeowners insurance legislation....

U.S. reinsurers report premiums dropped in 2Q

Sep 24 2007 // The Reinsurance Association of America (RAA), a group of 22 U. S. property and casualty reinsurers, reported writing $12.2 billion of net premiums during the six-months ended June 30, 2007, a decrease of $7.5 million from...

News Currents

Sep 24 2007 // Industry skeptical, while Treasury opposes natural disaster poolFederal legislation that encourages states to pool their catastrophe pool risks and then transfer them to the private market has been greeted with a lukewarm...

From the Big Apple to the Corn State

Sep 24 2007 // From the executive office of the Greater New York Mutual Insurance Companies on Madison Avenue in the heart of New York City, Warren Heck, chairman and chief executive officer, can see Illinois.“It’s fantastic,...

Industry skeptical, while Treasury opposes natural disaster pool

Sep 24 2007 // Federal legislation that encourages states to pool their catastrophe pool risks and then transfer them to the private market has been greeted with a lukewarm insurance industry reaction at best and outright opposition from...

Guy Carpenter finds Lloyd’s market at its ‘healthiest in 300 years’

Sep 24 2007 // Findings boast stellar results for London market with Lloyd’s leading the wayGuy Carpenter & Co., Marsh’s reinsurance broker and risk management division, has released “The Lloyd’s Market in...

Calif. high court rules discovery does not apply to reinsurance documents

Sep 24 2007 // The California Supreme Court has ruled that a statute authorizing limited discovery of a defendant’s insurance coverage does not include authorization to look into reinsurance agreements as part of facilitating a...

Vitale Joins Guy Carpenter’s Reinsurance Unit

Sep 24 2007 // Joseph Vitale has been named senior vice president of GCFac, Guy Carpenter & Co.’s dedicated facultative reinsurance unit. Based in New York, Vitale will focus on both strategic and tactical operations...