All the headlines from our Reinsurance Topic Page, ordered by recency.
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...
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 5 2006 // Standard & Poor’s Ratings Services announced that “Rethinking Risk” will be the theme of its 22nd annual insurance conference scheduled for June 5-6 in New York City.S&P said: “CEOs from...
May 4 2006 // A.M. Best Co. announced that it has upgraded the financial strength rating to “A-” (Excellent) from “B++” (Very Good) of Through Transport Mutual Insurance Association Limited (TT Bermuda) and its...
May 3 2006 // Bermuda-based RenaissanceRe Holdings Ltd. reported a record $195.7 million in first quarter operating income, which excludes investment gains/losses, available to common shareholders compared to $54.5 million in the first...
May 2 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A-” (Excellent) for Bermuda-based Arch Reinsurance Ltd. and its reinsured affiliates. Best has also affirmed the issuer...
Apr 28 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit ratings (ICR) of “aa-“of the reinsurance operating subsidiaries of the...
Apr 27 2006 // The Florida House Insurance Committee and the House Fiscal Council have approved CS/CS/HB 7225, and according to the Florida Insurance Council, the next stop is the full House. FIC released a side-by-side comparison of...
Apr 26 2006 // California’s Assembly Insurance Committee will be hearing a bill today co-sponsored by the Association of California Insurance Companies (ACIC) that is designed to assure a competitive reinsurance market in the...