All the headlines from our Reinsurance Topic Page, ordered by recency.
Aug 21 2006 // Allstate Insurance Co. failed to buy reinsurance last year to cover some of the cost of policies in Louisiana a gamble that cost the company $2 billion in claims, The Associated Press reported.The company’s models...
Aug 21 2006 // Miss. weighs changes to wind poolMississippi lawmakers are considering revamping the Mississippi Windstorm Underwriting Association to help stabilize the state’s post Hurricane Katrina insurance crisis. The...
Aug 18 2006 // In its recently issued global insurance report A.M. Best Co. concludes that “almost a year after three massive hurricanes—Katrina, Rita and Wilma—the global reinsurance industry is still struggling to manage its...
Aug 18 2006 // A.M. Best Co. has removed from under review and affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-“of New York-based Folksamerica Reinsurance...
Aug 18 2006 // The Texas Department of Insurance has scheduled a public hearing for Aug. 22, 2006, at 10:00 a.m., for Docket No. 2643: Consideration of a petition by the Texas Windstorm Insurance Association (TWIA) requesting approval of...
Aug 17 2006 // A.M. Best has affirmed the financial strength rating (FSR) of “A++” (Superior) and the issuer credit rating (ICR) of “aa+” for Koelnische Rueckversicherungs-Gesellschaft AG (Cologne Re), the...
Aug 17 2006 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A++” (Superior) and the issuer credit ratings (ICR) of “aa+” for the Delaware-based General Re Group. Best said the ratings apply...
Aug 17 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” of the >New York-based QBE Re Group – U.S. and its subsidiaries. The...
Aug 14 2006 // USAA Casualty, which primarily insures military personnel and their families, has asked the state to increase its homeowner and condominium premiums by an average of 40 percent.The company made the request last Friday to...
Aug 8 2006 // Bermuda-based White Mountains Re, Ltd., the reinsurance unit of the White Mountains Insurance Group, announced several senior management appointments as follows:“Chuck Chokel, previously Managing Director and General...
Aug 8 2006 // “Our result as at 30 June is a good basis for achieving our 2006 profit target, namely a return on equity of at least 15 percent,” stated Hannover Re’s CEO William Zeller, as he presented the German...
Aug 8 2006 // Allstate Insurance Co. bought reinsurance to cover some of the cost of policies all along the East Coast last year, but not for Louisiana – a gamble that cost it $2 billion in claims.The company’s models did...
Aug 7 2006 // Any changes to state reinsurance collateralization rules for non-U.S. reinsurers should be judged on whether they produce savings that can be passed along to consumers, in the view of one influential state...
Aug 7 2006 // Like insurance commissioners in other states, Arkansas Insurance Commis-sioner Julie Benafield Bowman, is keeping an eye on catastrophe issues and the availability of insurance related to them. Unlike commissioners in...
Aug 7 2006 // Florida is moving to reactivate a state-run reinsurance pool for commercial lines insurance to help businesses obtain insurance.The Commercial Joint Underwriting Association (JUA) is intended to provide property insurance...
Aug 7 2006 // Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as previously...
Aug 7 2006 // Reinsurance woes send primary carriers scramblingUntil recently the reinsurance world was a galaxy far, far away. That changed after the 2000 stock market crash, the Sept. 11 attacks and, more recently, the hurricanes that...
Aug 7 2006 // Like insurance commissioners in other states, Arkansas Insurance Commis-sioner Julie Benafield Bowman, is keeping an eye on catastrophe issues and the availability of insurance related to them. Unlike commissioners in...
Aug 7 2006 // News CurrentsSome 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as...
Aug 7 2006 // Until recently the reinsurance world was a galaxy far, far away. That changed after the 2000 stock market crash, the Sept. 11 attacks and, more recently, the hurricanes that struck Florida, New Orleans, Texas and other...