All the headlines from our Reinsurance Topic Page, ordered by recency.
Aug 4 2006 // Tower Group, Inc. reported a 158 percent increase in second quarter of 2006 net income to $12.3 million ($0.61 per diluted share) as compared to net income of $4.8 million ($0.24 per diluted share) in the second quarter of...
Aug 3 2006 // Germany’s Munich Re may no longer be the world’s biggest reinsurer, but it can still make a great deal of money, posting a profit of €2.129 billion ($3.47 billion) for the first six months of the year....
Aug 3 2006 // American Re-Insurance Company out of Princeton, N.J. announced that in September 2006 it will change its name to Munich Reinsurance America, Inc.As Munich Re’s largest reinsurance subsidiary, Munich Reinsurance...
Aug 2 2006 // Bermuda’s XL Capital Ltd. announced plans to develop a new, integrated European platform for its reinsurance operations, centered around a new company, which it is establishing in Dublin. Branch offices will be...
Aug 2 2006 // Renaissance Re, Bermuda’s leading property catastrophe reinsurer, posted net income of $130.4 million, or $1.81 per common share, for the second quarter of 2006, compared to net income of $172 million or $2.39 per...
Aug 2 2006 // The Massachusetts Property Insurance Underwriting Association (the Fair Plan) has submitted a rate recommendation revised downward slightly from what the state disapproved on June 30.For all homeowners forms, the residual...
Aug 1 2006 // Florida officials authorized a reactivation of a reinsurance pool for commercial lines insurance to help businesses obtain insurance.The Commercial Joint Underwriting Association (JUA is intended to provide property...
Aug 1 2006 // Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, has beefed up its London-based Political Risk and Trade Credit practice with the addition of six...
Jul 30 2006 // Florida Gov. Jeb Bush is considering a state-run reinsurance pool or joint underwriting pool to help businesses that can’t get policies from private insurers, saying that if companies can’t get coverage, it...
Jul 27 2006 // The House Financial Services Committee has approved legislation that would apply single-state regulation and uniform standards to the nonadmitted insurance and reinsurance marketplace.Chairman Michael G. Oxley (Ohio)...
Jul 27 2006 // Willis Group Holdings has released its reinsurance review of the marketplace for the July 1, 2006 renewals. The report includes commentary from Willis Re experts on key global markets, examining recent trends and an...
Jul 24 2006 // The AAMGA is an international trade association comprised of 503 member agents, brokers, insurance, captive and reinsurance companies, Lloyd’s of London syndicates and underwriters, state stamping and surplus line...
Jul 24 2006 // Unless the state adopts a comprehensive and workable plan, accumulating financial stress could destroy the viability of the Florida insurance market and leave millions of Floridians without affordable and reliable...
Jul 24 2006 // The biggest increases are in store for coastal Cape Cod, where the Fair Plan has become the leading property insurer rather than the insurer of last resort as intended.News Currents Last summer when the Massachusetts Fair...
Jul 24 2006 // The AAMGA is an international trade association comprised of 503 member agents, brokers, insurance, captive and reinsurance companies, Lloyd’s of London syndicates and underwriters, state stamping and surplus line...
Jul 24 2006 // PeopleMinneapolis, Minn.-based ING named Susan Anderson president and CEO of ING Trust USA. Anderson will lead the growth and development of personal trust and directed institutional trusts nationally. She has 15 years of...
Jul 24 2006 // In an abrupt departure from procedures that have been in place since World War II, the National Association of Insurance Commissioners took a first step at its recently concluded meeting in Washington, D.C., towards...
Jul 21 2006 // The Massachusetts Property Insurance Underwriting Association (the Fair Plan) will submit a request for new rates by the end of next week, just under the deadline.Massachusetts Insurance Commissioner Julianne M. Bowler...
Jul 20 2006 // State Farm, one of Florida’s largest insurers, will raise property insurance rates by an average of 52.7 percent this year under a plan approved Tuesday by state regulators.The Bloomington, Ill.-based company said...
Jul 20 2006 // Federal legislation to reform the way surplus lines insurance is regulated has been approved by a House subcommittee.The Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, chaired by Rep....