All the headlines from our Reinsurance Topic Page, ordered by recency.
Oct 19 2006 // Bermuda’s XL Capital Ltd. has received approval for a new fully licensed European reinsurance company, XL Re Europe Limited, based in Dublin, which will become its European reinsurance platform. XL previously...
Oct 18 2006 // Swiss-based reinsurer Converium AG has reached agreement with National Indemnity, a Berkshire Hathaway company, to sell its North American operations for $295 million comprised of $95 million in cash and $200 million in...
Oct 18 2006 // Belmont Risk Solutions Limited, of the British Virgin Islands, has joined the HLA Global insurance broking network. The agency “offers a full range of insurance-related services and products,” the bulletin...
Oct 18 2006 // Indianapolis-based Baldwin & Lyons, Inc. announced that its subsidiary, Protective Insurance Company, has entered into an agreement with newly formed Paladin Catastrophe Management to produce property catastrophe...
Oct 17 2006 // Kristine (Kris) Westall has joined Minneapolis-based reinsurance intermediary Collins as senior vice president, Accounting and Claims, bringing to her new position over 20 years’ experience with reinsurance brokers...
Oct 17 2006 // Arch Reinsurance Ltd. is opening a branch office in Zurich, Switzerland. The new office will focus on regional business that is complementary to the existing relationships of Arch Re in Bermuda. The new office will also...
Oct 16 2006 // Robert Andrews has been appointed head of global ceded reinsurance operations for XL Capital Ltd. THe company said Andrews will oversee XL Insurance’s global ceded reinsurance operations and the placement of its...
Oct 9 2006 // Two new federal reports have found that the long-term development of the private terrorism insurance market remains at best uncertain due to the unpredictable nature of terrorist attacks. Both reports acknowledged that a...
Oct 9 2006 // The U.S. House of Representatives passed legislation on Sept. 27 that would apply single-state regulation and uniform standards to the nonadmitted insurance and reinsurance marketplace. H.R. 5637, The Non-Admitted and...
Oct 9 2006 // The Securities and Exchange Commission, which has been investigating a number of finite reinsurance transactions for the past two years, lowered the boom on three former officers of the Bermuda-based reinsurance group...
Oct 9 2006 // House passes surplus lines, reinsurance regulatory reform legislationThe U.S. House of Representatives passed legislation on Sept. 27 that would apply single-state regulation and uniform standards to the nonadmitted...
Oct 9 2006 // Two new federal reports have found that the long-term development of the private terrorism insurance market remains at best uncertain due to the unpredictable nature of terrorist attacks. Both reports acknowledged that a...
Oct 9 2006 // SEC attorney Andrew Calamari, who headed the SEC’s investigations in both cases, declined to comment on whether criminal charges were under consideration in the RenRe matter. He stressed that the Commission brings...
Oct 6 2006 // Bermuda-based CastlePoint Holdings, Ltd. has announced the appointment of Gregory T. Doyle as President of CastlePoint Holdings and CEO of CastlePoint Reinsurance Company, Ltd. He will also serve as a Director of...
Oct 5 2006 // Stephen Catlin, the chief executive of international specialty property/casualty insurer and reinsurer Catlin Group Limited, Forecast a decline in premiums for non-catastrophe exposed classes of insurance and reinsurance,...
Oct 4 2006 // Ohio Attorney General Jim Petro late yesterday filed a motion in federal court in New York requesting the State Teachers Retirement System of Ohio (STRS) be appointed lead plaintiff in a securities class action lawsuit...
Oct 3 2006 // A new federal report has found that the long-term development of the private terrorism insurance market remains at best uncertain due to the unpredictable nature of terrorist attacks.The President’s Working Group on...
Oct 2 2006 // The Bermuda-based Catlin Group Limited, an international specialty P/C insurer and reinsurer, announced that an operating subsidiary, Catlin Insurance Company Ltd. of Bermuda, “intends, subject to completion of...
Sep 28 2006 // Independent reinsurance and risk intermediary Benfield has just released its latest European Quarterly Report, entitled “Hoping for the Best,” covering the first half results of European reinsurance groups.The...
Sep 27 2006 // The Securities and Exchange Commission charged three former RenaissanceRe executives with securities fraud charges for their alleged involvement in a finite reinsurance scam that the SEC claims the executives concocted to...