All the headlines from our Reinsurance Topic Page, ordered by recency.
Dec 18 2006 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda-based Flagstone Reinsurance Limited. It also assigned an ICR of...
Dec 15 2006 // A.M. Best Co. has assigned a financial strength rating of “C++” (Marginal) and an issuer credit rating (ICR) of “b+” to Russia’s OJSC Transsiberian Reinsurance Corporation (Transsib Re) with a...
Dec 15 2006 // A.M. Best Co. reacted to yesterday’s announcement that Australia’s QBE has agreed to purchase Hannover Re’s Praetorian Financial Group, thereby taking over the German reinsurer’s North American...
Dec 14 2006 // A.M. Best Co. has assigned a debt rating of “bbb” to the $350 million of non-cumulative perpetual preferred securities (issuer preferred securities) issued by Stoneheath Re, a Cayman Islands exempted company....
Dec 14 2006 // Insurance regulators from across the county voted to recommend major changes in the way reinsurers are regulated.The Financial Condition Committee of the National Association of Insurance Commissioners this week adopted a...
Dec 14 2006 // The Board of Equitas and the Equitas Trustees have written to all Reinsured Names announcing three consultation meetings in January. Equitas is the vehicle established in 1996 by Lloyd’s to run-off its pre-1992...
Dec 13 2006 // A.M. Best Co. has upgraded the financial strength rating (FSR) to “A” (Excellent) from “A-” (Excellent) and the issuer credit ratings (ICR) to “a” from “a-” of Bermuda-based...
Dec 12 2006 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A” (Excellent) and upgraded the issuer credit ratings (ICR) to “a+” from “a” of Renaissance Reinsurance Ltd. and...
Dec 11 2006 // Germany’s Hannover Re has established Hannover ReTakaful B.S.C. (c) in Manama, Bahrain, a wholly-owned subsidiary to underwrite worldwide reinsurance in conformity with Islamic law (so-called retakaful business). The...
Dec 11 2006 // The market of last resort may soon become the only option for thousands of policyholders if the Terrorism Risk Insurance Act (TRIA) sunsets and property/casualty carriers stop offering terrorism coverage.With a recent...
Dec 10 2006 // The Des Plaines, Ill.-based Property Casualty Insurers Association of America named Deirdre Manna, former acting director of the Illinois Division of Insurance, vice president of industry and regulatory affairs. Manna will...
Dec 10 2006 // The market of last resort may soon become the only option for thousands of policyholders if the Terrorism Risk Insurance Act (TRIA) sunsets and property/casualty carriers stop offering terrorism coverage.With a recent...
Dec 10 2006 // Whether you’re talking about road contractors or hospitals or agents and brokers, every organization has in-house expertise. And you want to use it. You need to bring members together to share best practices.The...
Nov 29 2006 // Major global political and business leaders say energy issues are high on their agenda and that the demands and risk transfer needs of this sector pose challenges and opportunities for insurers and reinsurers.At Swiss...
Nov 29 2006 // A.M. Best Co. has assigned a financial strength rating of A- (Excellent) to Blue Whale Re Ltd. of Burlington, Vermont. The rating outlook is stable.A.M. Best said the rating reflects the company’s “strong...
Nov 28 2006 // The Excess/Surplus Lines Claims Association has announced its new officers and directors. Newly elected officers include President Catherine Kalaydjian, who is executive vice president and head of claims for Endurance...
Nov 24 2006 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Bermuda’s Aspen Insurance Limited (AIL) with a stable outlook.Best said it...
Nov 23 2006 // The U.K.’s Financial Services Authority (FSA) has fined General Reinsurance UK Limited (GenRe UK) £1.225 million ($2.35 million) for arranging two improper reinsurance transactions. The FSA said that in doing so...
Nov 22 2006 // The Hartford Financial Services Group has purchased $247.5 million in multi-year, collateralized reinsurance from Foundation Re II Ltd., a special purpose reinsurance company – commonly known as a...
Nov 21 2006 // Fitch Ratings announced that it has affirmed the ratings of Fairfax Financial Holdings Limited, Odyssey Re Holdings Corp. and its insurance subsidiaries (Odyssey Re), and TIG Holdings Inc. Fitch also has removed all of the...