All the headlines from our Reinsurance Topic Page, ordered by recency.
Aug 7 2007 // A.M. Best Co. has assigned a financial strength rating (FSR) of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to the Esurance Insurance Group (Esurance). In conjunction with the...
Aug 6 2007 // Currently underway in Florida is a controversy over the amount of private reinsurance homeowners insurers should purchase in addition to the now expanded $28 billion in reinsurance available from the Florida Hurricane...
Aug 6 2007 // The Minnesota Workers’ Compensation Reinsurance Association (WCRA) and the Minnesota Workers’ Compen-sation Insurers Association (MWCIA) filed suit on July 17, 2007, against American International Group Inc....
Aug 6 2007 // Private insurance companies are balking at a decision by a key House panel to expand the federal flood insurance program to include wind coverage. The House Financial Services Committee voted late last month to add wind...
Aug 6 2007 // Minn. groups sue AIG for $100 million in damages for fraud, violationsThe Minnesota Workers’ Compensation Reinsurance Association (WCRA) and the Minnesota Workers’ Compensation Insurers Association (MWCIA)...
Aug 6 2007 // Currently underway in Florida is a controversy over the amount of private reinsurance homeowners insurers should purchase in addition to the now expanded $28 billion in reinsurance available from the Florida Hurricane...
Aug 6 2007 // Minn. groups sue AIG for $100 million in damages for fraud, violationsThe Minnesota Workers’ Compensation Reinsurance Association (WCRA) and the Minnesota Workers’ Compen-sation Insurers Association (MWCIA)...
Aug 6 2007 // House panel votes to add wind to flood programPrivate insurance companies are balking at a decision by a key House panel to expand the federal flood insurance program to include wind coverage. The House Financial Services...
Aug 2 2007 // Gov. Charlie Crist suggested Tuesday that some property insurers may be deliberately flouting a new state law that requires them to buy cheaper reinsurance and pass the savings on to consumers.Crist said he was concerned...
Aug 2 2007 // Endurance Specialty Holdings Ltd. announced that Hans-Joachim Guenther would join Endurance Worldwide Insurance Limited in London as Chief Underwriting Officer for Reinsurance and Head of Reinsurance for Europe. He has 19...
Aug 2 2007 // Bermuda-based RenaissanceRe Holdings Ltd. posted $193.741 million after tax income for the second quarter of 2007. Net income available to common shareholders was $183.166 million or $2.53 per diluted common share in the...
Aug 2 2007 // The House Financial Services Committee voted yesterday to extend and expand the federal terrorism reinsurance law, going against the wishes of the Bush Administration.The panel voted by 49 to 20 in favor of H.R. 2761, the...
Jul 27 2007 // BMS, a reinsurance intermediary, has appointed Frank Hernandez as senior vice president for its Marine & Energy team. He will be based in Shelton, Conn.Hernandez was previously at Towers Perrin as head of its Global...
Jul 27 2007 // Private insurance companies are balking at a decision by a key House panel to expand the federal flood insurance program to include wind coverage.The House Financial Services Committee voted yesterday to add wind coverage...
Jul 23 2007 // The state will deny a planned home insurance rate increase by Florida Farm Bureau’s two property insurance companies, which have about 140,000 homeowners policies, the Office for Insurance Regulation said.Florida...
Jul 23 2007 // Enterprise risk management will have to meet the expectations of corporate board members and deliver real value to firms if it is to flourish, attendees of the Casualty Actuarial Society meeting in Florida heard.Bill...
Jul 23 2007 // San Antonio-based Southwest Business Corporation (SWBC) has formed a Bermuda reinsurance company, SWBC RE Ltd., the company announced.SWBC said the impetus for creating the reinsurance company stems from SWBC’s...
Jul 23 2007 // The right policy at the right time …After decades of frustration and brutal disappointment, the vexing and seemingly intractable tax payment and regulatory compliance problems surplus lines brokers face on...
Jul 23 2007 // The bill would establish national standards for how states regulate the surplus lines market and reinsurance. HR 1065 creates: a uniform system of premium tax allocation and remittance for surplus lines premium...
Jul 23 2007 // After decades of frustration and brutal disappointment, the vexing and seemingly intractable tax payment and regulatory compliance problems surplus lines brokers face on multi-state risks are about to be solved. The long...