All the headlines from our Reinsurance Topic Page, ordered by recency.
Jun 8 2006 // The financier slated to be the country’s next Secretary of Treasury differs with his predecessor and the Bush Administration over the need for federal government involvement in providing terrorism reinsurance.At...
Jun 5 2006 // The country has experienced 18 different types of natural disasters, while Florida deals with “only” 12 of these perils. Yet insurers and consumers have big problems in Florida.“When you go through the...
Jun 2 2006 // State Farm Insurance announced it has submitted several filings to the Texas Department of Insurance as it prepares to implement rate adjustments in the state. The company is reducing auto rates but increasing homeowners...
Jun 1 2006 // Bermuda- based Max Re Capital Ltd. has released its delayed results for the first quarter of 2006, which show net income of $72.9 million, or $1.15 per diluted share, compared to $37.7 million, or 75 cents per diluted...
Jun 1 2006 // Evergreen Re, a national healthcare reinsurance and medical risk brokerage firm, announced today the promotion of Dave Kalb to senior vice president in charge of the company’s growing Minnesota office.According to...
May 31 2006 // Collins, a reinsurance brokers has opened a new Seattle office “to provide a much-needed alternative to address the reinsurance needs of insurers in the Pacific Northwest,” Bob Kimmel, senior vice president and...
May 31 2006 // Holborn Corporation, an independent provider of reinsurance brokerage services based in New York City, announced a number of new hires and executive level changes to key positions within the firm.The responsibilities of...
May 31 2006 // Chicago-based Aon Corp. has responded to the U.S. Treasury’s request for comment on the state of the U.S. terrorism insurance marketplace, warning of the danger of allowing the Terrorism Risk Insurance Act of 2002...
May 30 2006 // Teresa (Terry) Finkes, a 25-year veteran of the U.S. reinsurance marketplace, has joined the San Francisco office of Collins, where she will be responsible for the reinsurance placement and risk management needs of a...
May 29 2006 // Standard & Poor’s Ratings Services has assigned its “A+” senior unsecured bank loan rating to Starbound Re Ltd.’s $50 million (Debt III) bank loan, its “BBB-” senior unsecured bank...
May 25 2006 // Standard & Poor’s Ratings Services has affirmed its “A” counterparty credit rating on Bermuda-based reinsurer PartnerRe Ltd. (PRE), its “AA-” counterparty credit and financial strength...
May 22 2006 // Kinnect is dead! Long live Kinnect! Although Lloyd’s long troubled IT project was consigned to the flames last January (See IJ Website Jan. 24), a number of IT phoenix have risen from its ashes.“I think 2006 is...
May 22 2006 // The hurricane insurance package passed by the Florida Legislature just before adjournment May 5 is the most significant property insurance bill since major legislation following Hurricane Andrew in the early 1990’s,...
May 22 2006 // Kinnect is dead! Long live Kinnect! Although Lloyd’s long troubled IT project was consigned to the flames last January (See IJ Website Jan. 24), a number of IT phoenix have risen from its ashes.“I think 2006 is...
May 12 2006 // The Republic Companies Group Inc., headquartered in Dallas, reported higher revenues and increased premiums in the first quarter of 2006 compared with the same period in 2005.According to the company, Republic’s...
May 11 2006 // A.M. Best Co. announced that it has assigned a financial strength rating (FSR) of “A-” (Excellent) and an issuer credit rating of “a-” to Bermuda-based CastlePoint Reinsurance Company Ltd. with a...
May 11 2006 // Standard & Poor’s Ratings Services announced from its Melbourne office that it has placed its “A+” insurer financial strength rating on Hong Kong-based general insurer QBE Hongkong & Shanghai...
May 11 2006 // Bermuda-based property reinsurer PXRE Group Ltd. announced that its net income before convertible preferred share dividends was $41.6 million for the first quarter of 2006, compared to $22.7 million in the first quarter of...
May 8 2006 // A rapid 25 percent cash buildup for the Florida Hurricane Catastrophe Fund and the establishment of a hurricane mitigation endowment fund to allow homeowners to obtain no-interest loans to implement hurricane mitigation...
May 8 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to Insurance Services Office (ISO) and the Property Casualty Insurers...