All the headlines from our Reinsurance Topic Page, ordered by recency.
Jul 17 2006 // XL Re Life announced the creation of a new senior position and the appointment of a new president of its U.S. life reinsurance company, Servus Life Insurance Company, soon to be renamed XL Re Life America Inc., pending...
Jul 17 2006 // Property owners are stunned by insurance rates that have tripled for some properties on the Alabama Gulf Coast after back-to-back years of hurricane damage.Owners of the 35-unit Romar Tower at Orange Beach, Ala. saw their...
Jul 11 2006 // Without a real, comprehensive and workable plan, accumulating financial stress could destroy the viability of the Florida’s insurance market and leave millions of Floridians without affordable and reliable insurance...
Jul 10 2006 // The New York-based Tower Group, Inc. announced that it has concluded, through commutation agreements, PXRE Reinsurance Company’s participation under various reinsurance agreements with Tower Insurance Company of New...
Jul 9 2006 // Last summer when the Massachusetts Fair Plan, the state’s involuntary homeowners insurance market, looked into purchasing reinsurance, the premium was about $17.5 million. The plan did not purchase the reinsurance...
Jul 6 2006 // Standard & Poor’s Ratings Services has raised its counterparty credit and insurer financial strength ratings on Ming An Insurance Co. (Hong Kong) Ltd. to “BBB” from “BB+” after the...
Jul 5 2006 // Almost 10 months after it was filed, Massachusetts Insurance Commissioner Julianne M. Bowler on June 30 disapproved the 12.5 percent average homeowners insurance rate increase submitted by the Massachusetts Property...
Jul 5 2006 // ACE Limited has sold three run-off reinsurance subsidiaries to Randall & Quilter Investment Holdings Limited, an international insurance management firm. The agreement to sell ACE American Reinsurance Company,...
Jul 4 2006 // Insurers’ appetite for targeted insurance programs still favors larger deals and shuns workers’ compensation risks, according to one expert’s analysis of conditions.Benfield Inc. Senior Vice President C....
Jul 4 2006 // A.M. Best Co. downgraded the financial strength rating to “B+” (very good) from “B++” (very good) of National American Insurance Co. of Chandler, Okla., and revised its outlook to negative from...
Jul 3 2006 // The National Association of Insurance Commissioners unanimously elected New Hampshire Insurance Commissioner Roger Sevigny as secretary-treasurer of the association at the NAIC summer meeting last month in Washington. D.C....
Jul 3 2006 // PeopleThe National Association of Insurance Commissioners unanimously elected New Hampshire Insurance Commissioner Roger Sevigny as secretary-treasurer of the association at the NAIC summer meeting last month in...
Jun 28 2006 // Global insurance broker Willis Group Holdings has released a new political risk pricing paper, which is aimed at encouraging the injection of capacity into the political risk reinsurance market. The study, entitled...
Jun 28 2006 // The U.K.’s Financial Services Authority (FSA) announced that it is consulting on rules to be introduced in the country to cover, “a new fit-for-purpose regime for Insurance Special Purpose Vehicles (ISPVs). The...
Jun 26 2006 // Lloyd’s Chairman, Lord Peter Levene, described a bright future, but one that needs work to be achieved, for those attending the 2006 conference of the Association of Lloyd’s Members (ALM) last week. He stressed...
Jun 26 2006 // Fitch Ratings has affirmed the “BBB+” issuer default ratings (IDR) of White Mountains Insurance Group, Ltd. and its wholly owned intermediate holding company subsidiary, Fund American Companies, Inc., as well...
Jun 23 2006 // In a breakthrough move, Aon U.K., announced that it “will move to a full electronic trading capability during 2006 for its specialist insurance and reinsurance businesses.”Aon’s London-based operation...
Jun 23 2006 // Bermuda-based Endurance Specialty Holdings Ltd. announced that its U.S. reinsurance subsidiary, Endurance Reinsurance Corporation of America (Endurance Re) has hired Darrell E. Franklin as Senior Vice President. Franklin...
Jun 22 2006 // A.M. Best Co. has assigned a debt rating of “bb” to the $50 million senior secured floating rate notes, due June 5, 2009, issued by VASCO Re 2006 Ltd. (the issuer), a newly created Cayman Islands exempted...
Jun 21 2006 // Fitch Ratings has affirmed the “AA” Insurer Financial Strength (IFS) rating of Bermuda-based Partner Reinsurance Company as well as the various ratings of Partner Reinsurance’s parent company PartnerRe...