All the headlines from our Reinsurance Topic Page, ordered by recency.
Jan 5 2007 // Bermuda-based Aeolus Ltd. announced that its parent holding company, Aeolus L.P., has increased its capital base to over $1 billion. The new capital is being supplied from a group of investors led by Warburg Pincus, an...
Jan 3 2007 // Lloyd’s has endorsed a new International Reinsurance Industry Dispute Resolution Protocol, which it notes “provides the insurance industry with an alternative to a court case or a lengthy arbitration if a...
Jan 3 2007 // London’s Advent Capital Holdings announced that its subsidiary, Advent Re, “has received its class 3 reinsurer license from the Bermuda Monetary Authority, effective 27 December 2006.” The Company’s...
Jan 2 2007 // Montgomery, Ala. based Enstar Group and Bermuda’s Castlewood Holdings Limited jointly announced that Castlewood and Oceania Holdings Ltd, a wholly-owned subsidiary of Castlewood, have entered into a definitive...
Jan 2 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...
Dec 29 2006 // A.M. Best Co. has assigned debt ratings of “bbb-” to the $24 million senior secured term A loans and “bb+” to the $40 million senior secured term B, both due December 2009, of Triomphe Re. The...
Dec 27 2006 // France’s SCOR group noted that it has successfully sponsored a new catastrophe bond. The French reinsurer entered into a multi-year property catastrophe retrocession agreement with Atlas Reinsurance III p.l.c., a...
Dec 25 2006 // Except for claims adjusters, 2005 was a disastrous year for the industry. Swiss Re’s sigma report logged almost 400 catastrophes, which caused damage totaling more than $230 billion: about one third, or $83 billion,...
Dec 25 2006 // The fight to save contingent commissions topped the minds of agents across the nation as a few select states drove public policy efforts to end their use by insurers. The industry grabbed hold of predictive modeling and...
Dec 25 2006 // In March, Lloyd’s Chairman Lord Peter Levene finally got the attention of U.S. regulators. At a meeting in Florida, the National Association of Insurance Commissioners agreed to set up a task force, chaired by...
Dec 25 2006 // JANUARYHallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark...
Dec 25 2006 // Climate change or global warming is the 800-pound gorilla in the insurance industry. More reports this year added to the growing body of evidence that the planet is heating up, and potential disasters on a global scale are...
Dec 24 2006 // Except for claims adjusters, 2005 was a disastrous year for the industry. Swiss Re’s sigma report logged almost 400 catastrophes, which caused damage totaling more than $230 billion: about one third, or $83 billion,...
Dec 24 2006 // JANUARYHallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites...
Dec 24 2006 // N136 Poizner poised to leadInsurers hope for friendlier climate40Electronically stored informationAgents must heed new rules10Calif.’s uninsured motorists
Dec 24 2006 // 2. Changing Reinsurance RulesIn March, Lloyd’s Chairman Lord Peter Levene finally got the attention of U.S. regulators. At a meeting in Florida, the National Association of Insurance Commissioners agreed to set up a...
Dec 22 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” of Bermuda-based Harbor Point Re Limited, and has assigned the ICR of...
Dec 20 2006 // Standard & Poor’s Ratings Services has revised its outlook on Transatlantic Holdings Inc. (TRH) and its operating subsidiaries – Putnam Reinsurance Co., Trans Re Zurich, and Transatlantic Reinsurance Co....
Dec 20 2006 // Standard & Poor’s Ratings Services has revised its outlook to positive from stable on Tunisia-based reinsurer B.E.S.T. Reinsurance Co. (Best Re). S&P also affirmed the Company’s ‘BBB’...
Dec 19 2006 // Vermont officials are looking to ride the latest wave in captive insurance company formations– companies looking to reinsure life insurance policies.The Vermont Department of Banking, Insurance, Securities and Health...