All the headlines from our Reinsurance Topic Page, ordered by recency.
Feb 8 2007 // RenaissanceRe Holdings Ltd. has agreed to pay a $15 million fine to settle civil securities-fraud charges by federal regulators over what they said was a sham transaction designed to burnish its earnings by smoothing their...
Feb 8 2007 // The National League of Cities’ Mutual Insurance Corp. (NLC Mutual) has selected William B. Heberton Jr., to head the organization. Heberton will serve as president and chief executive officer of the member-owned...
Feb 5 2007 // Fitch Ratings upgraded the senior debt ratings of ACE Limited and its subsidiary ACE INA Holdings Inc. to “A” from “A-” and the issuer default ratings (IDR) of ACE and ACE INA to “A+”...
Feb 5 2007 // Transatlantic Holdings, Inc. reported that its net income for the year ended December 31, 2006 was $428.2 million, or $6.46 per common share (diluted), compared to $37.9 million, or $0.57 per common share (diluted), in...
Feb 2 2007 // Swiss-based reinsurer Converium announced the following changes to its Global Executive Committee: — Jakob Eugster joins Converium as Executive VP for Standard P/C Reinsurance. — Benjamin Gentsch, Executive VP...
Jan 31 2007 // Washington’s Office of the Insurance Commissioner has ordered UnitedHealthcare Insurance Co. of Minneapolis to pay a $59,000 fine following an agency investigation into the company’s use of unapproved contracts...
Jan 29 2007 // MBIA Corp., a large insurer of municipal bonds, has agreed to pay $75 million to settle an investigation by federal and New York state authorities into its accounting for a 1998 transaction, people familiar with the matter...
Jan 26 2007 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Korean Reinsurance Company with a stable outlook.“The ratings reflect...
Jan 26 2007 // A bulletin from the Bermuda Monetary Authority (BMA) confirmed that the island had “recorded a three-year high for (re)insurance company incorporations during 2006, with an almost 10 percent increase in the number of...
Jan 23 2007 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Taiwan’s Central Reinsurance Corporation with a stable outlook.“The...
Jan 23 2007 // Chinese insurer gets $4 billion capital injection to prepare for share sale China’s biggest reinsurance company, China Reinsurance Group Co., has received a $4 billion capital injection from a government agency in...
Jan 19 2007 // Laboring to comply with Gov. Charlie Crist’s call for lowering Florida insurance costs by at least 25 percent during a quick, seven-day special session, both the House and Senate have passed bills promising to do...
Jan 9 2007 // The Bermuda-based ACE Tempest Re Group, an independent division of ACE Limited, announced the establishment of ACE Tempest Re Canada, a wholly owned managing underwriter that will write all lines of property and casualty...
Jan 8 2007 // Reinsurance rates for the property/casualty industry are falling or flat, except for insurers with major property wind exposure along the Gulf and East Coasts, where rates are still rising. That is one key finding from an...
Jan 8 2007 // What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion.Insurers and...
Jan 8 2007 // Reinsurance rates for the property casualty industry are falling or flat, except for insurers with major property wind exposure along the Gulf and East Coasts in the U.S., whose rates are still rising.That is one key...
Jan 8 2007 // What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion.Insurers and...
Jan 7 2007 // What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion.Insurers and...
Jan 7 2007 // What a difference a year makes. The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through the first nine months of 2006. For the same period in 2005, it lost $2.5 billion.Insurers and...
Jan 7 2007 // Reinsurance rates for the property/casualty industry are falling or flat, except for insurers with major property wind exposure along the Gulf and East Coasts, where rates are still rising. That is one key finding from an...