All the headlines from our Reinsurance Topic Page, ordered by recency.
Jun 21 2007 // Newman Martin and Buchan Limited, an independent Lloyd’s insurance and reinsurance broker, has launched a capital markets division to complement its reinsurance advisory and placement services.Mark Burbidge and Paul...
Jun 20 2007 // Among other industry topics Standard & Poor’s Ratings Services’ 2007 Insurance Conference, “In Pursuit of Sustainable Earnings,” held June 3-5 in New York City, discussed possible...
Jun 19 2007 // Zurich Financial Services Group announced the appointment of Michael Kerner (41) as its new Global Chief Underwriting Officer for General Insurance and Mark Talbot (42) as Global Head of Group Reinsurance. Both men will...
Jun 19 2007 // Bermuda-based Catlin Group Limited reported that Nick Greggains has been appointed as chief underwriting officer for insurance and Andrew Englesbe has been appointed as chief underwriting officer for reinsurance for Catlin...
Jun 19 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 18 2007 // It’s becoming a familiar song: the Federal Terrorism Risk Insurance Act (TRIA) is once again due to expire on Dec. 31, 2007, and as of this writing, no long- or short-term successor program has been decided upon or...
Jun 15 2007 // Aspen Re, a subsidiary of Aspen Insurance Holding Limited, announced the launch of Aspen Re in Europe along with plans to open an office, to be based in Zurich, that will act as the hub for Aspen’s European...
Jun 14 2007 // Nephila Capital Ltd., a Bermuda-based investment manager specializing in catastrophe reinsurance and weather risk, announced the closing of its new investment vehicle, Gamut Reinsurance Ltd.Gamut Re, which is domiciled in...
Jun 13 2007 // France’s SCOR Group announced the official opening of its public tender offer for all of the publicly held registered shares of Converium Holding Ltd. The somewhat delayed offer – due to the time required to...
Jun 8 2007 // Standard & Poor’s Ratings Services has assigned preliminary credit ratings to the €411.6 million ($551 million) asset-backed floating-rate notes to be issued by a French “fonds commun de créances (FCC),...
Jun 8 2007 // A.M. Best Co. has placed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit ratings (ICR) of “a-” of Penn.-based Lincoln General Insurance Company and Barbados-based...
Jun 8 2007 // Standard & Poor’s Ratings Services has assigned senior secured debt ratings to five classes of variable rate notes issued by Residential Reinsurance 2007 Ltd. (Res Re 2007) as follows: — $145 million Class...
Jun 6 2007 // Standard & Poor’s Ratings Services’ 23rd annual insurance conference, – “In Pursuit Of Sustainable Earnings” – focused on the “highly profitable” 2006 results, and the...
Jun 5 2007 // Bermuda-based RenaissanceRe Holdings Ltd. announced the formation and funding of Starbound Reinsurance II Limited, a new Bermuda reinsurance company, that will make approximately $375 million in new reinsurance capacity...
Jun 4 2007 // Experts say market conditions in the property/casualty insurance and reinsurance sector indicate the hard market, however short, is now over, and the industry is witnessing the beginning of the pricing cycle’s...
May 29 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit ratings (ICR) of “aa-“of Bermuda-based XL Capital Ltd’s operating subsidiaries. Best...
May 25 2007 // United States Senators John Sununu, R-NH, and Tim Johnson, D-SD, reintroduced “The National Insurance Act of 2007,” legislation that aims to modernize insurance industry regulation by providing an optional...
May 25 2007 // Standard & Poor’s Ratings Services has assigned its “BBB+” long-term counterparty credit and insurer financial strength ratings to Salama/Islamic Arab Insurance Co. (P.S.C.) (Salama/IAIC), located in...
May 25 2007 // France’s SCOR Group may be complaining about the recently negotiated WTC settlement (See related article in National), but it certainly isn’t complaining about the French reinsurer’s first quarter...
May 24 2007 // Reinsurer SCOR has asked that the recent $2 billion settlement of World Trade Center claims between Silverstein Properties and several insurers be sent to arbitration because it believes that the terms with one of the...