All the headlines from our Reinsurance Topic Page, ordered by recency.
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...
Jul 23 2007 // Texas approves $1 billion in reinsurance for windstorm poolThe Texas Windstorm Insurance Association (TWIA) in early June submitted a proposal to the Texas Department of Insurance for the purchase of $1.5 billion in...
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...
Jul 20 2007 // Allstate Corp., the nation’s No. 2 property and casualty insurer, said Wednesday its second-quarter profits climbed 16 percent on strong auto insurance sales but operating income fell as the company paid...
Jul 19 2007 // The Minnesota Workers’ Compensation Reinsurance Association (WCRA) and the Minnesota Workers’ Compensation Insurers Association (MWCIA) filed suit Tuesday (July 17) against American International Group Inc....
Jul 18 2007 // In 2006, total U.S. premium ceded to offshore reinsurers was $54.7 billion and ceded recoverables totaled $114.2 billion, according to a report released by the Reinsurance Association of America (RAA), “Offshore...
Jul 13 2007 // The Texas Windstorm Insurance Association (TWIA) in early June submitted a proposal to the Texas Department of Insurance for the purchase of $1.5 billion in reinsurance under a three-tiered program. On July 11, Texas...
Jul 9 2007 // Brown Smith Wallace recently announced that Dwayne Richardson, CPA has joined the company as a principal in the Insurance and Reinsurance Services Practice. Richardson provides assistance to the firm’s growing...
Jul 5 2007 // Willis Group Holdings announced from its London office that it has released its reinsurance review of the marketplace for the July 1, 2007 renewals entitled “Willis Re – 1st View.” Willis said the report...
Jul 2 2007 // July 2nd 2007 – Seattle. The GoldSim Technology Group, a leading provider of advanced probabilistic simulation software, today announced that Munich Re, one of the world’s leading reinsurance companies, has...
Jul 2 2007 // Congress officially has a new bill to reauthorize the federal terrorism reinsurance program. Two Democrats from Massachusetts — U.S. Rep. Mike Capuano and the Chairman of the House Financial Services Committee Barney...
Jul 2 2007 // Congress officially has a new bill to reauthorize the federal terrorism reinsurance program. Two Democrats from Massachusetts — U.S. Rep. Mike Capuano and the Chairman of the House Financial Services Committee Barney...
Jun 26 2007 // The U.S. House of Representatives passed H.R. 1065, the Nonadmitted and Reinsurance Reform Act of 2007, legislation that if enacted, will help increase the efficiency of the existing state-based insurance regulatory...