All the headlines from our Reinsurance Topic Page, ordered by recency.
Nov 21 2006 // Investors who bet against the odds of another devastating Atlantic hurricane season now stand to cash in big-time on “catastrophe bonds.” Contrary to expert predictions, the season turned out to be the mildest...
Nov 21 2006 // A national insurer trade group has raised questions recently about a proposal involving the Reinsurance Evaluation office which is under auspices of the National Association of Insurance Commissioners (NAIC).The Property...
Nov 15 2006 // Germany’s Hannover Re joined the expanding list of large reinsurers who are having a pretty good year due to the decline in natural catastrophes. The Group earned €380 million ($486 million) in the first six months...
Nov 14 2006 // Guy Carpenter, the global risk and reinsurance specialist of the Marsh & McLennan Companies and its affiliate MMC Securities Ltd., noted their role as advisors in the completion of a multi-territory, multi-peril...
Nov 13 2006 // Germany’s Hannover Re announced that it has received a license from the China Insurance Regulatory Commission (CIRC) to transact life and health reinsurance in the People’s Republic of China. “We are...
Nov 8 2006 // In a report, Major (Re)Insurers Address Legacy Reserving Issues, While U.S. Hurricane Season Is Quiet, Standard & Poor’s Ratings Services notes that the “most significant development in recent months for...
Nov 7 2006 // A.M. Best Co. has affirmed the financial strength ratings of “A++” (Superior) and the issuer credit rating of “aa+” of U.K.-based Faraday Reinsurance Co. Limited, a subsidiary of Germany’s...
Nov 7 2006 // General Reinsurance’s subsidiary, Kolnische Ruckversicherungs-Gesellschaft AG, Cologne Re, has been cited by the German Federal Financial Supervisory Authority (BaFin) regarding its activities in relation to the...
Nov 6 2006 // California’s Office of Administrative Law has approved “Reinsurance Accounting, Agreements and Oversight” regulations proposed by the Department of Insurance.The regulations set forth the principal...
Nov 5 2006 // California’s Office of Administrative Law has approved “Reinsurance Accounting, Agreements and Oversight” regulations proposed by the Department of Insurance.The regulations set forth the principal...
Nov 2 2006 // France’ SCOR group announced that it has received the approval of the China Insurance Regulatory Commission (CIRC) for a reinsurance license in China “that will enable it to open a branch in Beijing with a view...
Oct 30 2006 // In response to recent market commentary, A.M. Best Co. has issued a statement, which emphasizes that there “has been no change to the treatment of trust funds that support reinsurance recoverables in its capital...
Oct 30 2006 // Aon Re Global, the Chicago-based provider of reinsurance brokerage and integrated capital solutions and services of Aon Corp., has announced the appointment of Paul Markey as managing director, global market relationships,...
Oct 30 2006 // The Hartford Financial Services Group, Inc. reported record third quarter 2006 net income of $758 million, or $2.39 per diluted share — a sizable 41 percent boost over the same quarter last year.The Hartford’s core...
Oct 27 2006 // Bermuda’s Endurance Specialty Holdings Ltd. reported net income of $128.2 million and $1.74 per diluted common share for the third quarter of 2006 versus a net loss of $377 million and $6.26 per diluted common share...
Oct 27 2006 // The Chubb Corp. reported that net income in the third quarter of 2006 was $604 million, or $1.43 per share, compared to $246 million, or $0.60 per share, in the third quarter of 2005.Operating income increased to $579...
Oct 25 2006 // Aon Re Global, the Chicago-based reinsurance broker, notes that it “recently facilitated communications between rating agency A.M. Best and Lloyd’s that resulted in a clarification of Best’s treatment of...
Oct 20 2006 // Broadway producers call them “angels:” rich people who put up the money to fund their shows. In that sense, Equitas, the Lloyd’s vehicle set up in 1996 to run off a mountain of asbestos and environmental...
Oct 20 2006 // Standard & Poor’s Ratings Services reacted positively to the news that Berkshire Hathaway’s National Indemnity will initially back and could eventually take over Lloyd’s run-off vehicle Equitas Ltd....
Oct 19 2006 // General Reinsurance, which is owned by Warren Buffett’s Berkshire Hathaway Inc., said it learned this week that the company is not a target of a federal investigation into the collapse of insurer Reciprocal of...