All the headlines from our Reinsurance Topic Page, ordered by recency.
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...
Apr 25 2006 // Global insurance broker Willis Group Holdings has released its reinsurance review of the marketplace for the April 1, 2006 renewals. The report, published by Willis Re, includes rate movements and commentary from territory...
Apr 24 2006 // A rapid cash buildup of 25 percent 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...
Apr 21 2006 // Standard & Poor’s Ratings Services moved quickly to affirm its “A” counterparty credit and financial strength ratings on IPCRe Ltd. and its “A” financial strength rating on IPCRe Europe...
Apr 20 2006 // Shareholders at Munich Re’s Annual General Meeting on Wednesday April 19 were treated to some good news. Proposals by the reinsurer’s Supervisory Board and Board of Management were adopted by large majority of...
Apr 20 2006 // Louisiana’s second-largest insurer has received permission to boost homeowners’ rates an average of 20.6 percent for nearly half its customers, while the remainder will see rates rise an average of 9...
Apr 20 2006 // Maurice “Chico” Sabbah, a Greensboro, N.C. businessman and philanthropist whose risk-sharing insurance company had to pay more than $400 million to settle a lawsuit stemming from the Sept. 11, 2001, terrorist...
Apr 18 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to ISO and the Property Casualty Insurers Association of America (PCI). Sound...
Apr 10 2006 // French insurer Axa SA said Friday it received a binding offer for its reinsurance business from a consortium of private-equity firms led by Stone Point Capital.The deal calls for the consortium — which also includes...
Apr 10 2006 // The property/casualty insurance industry will report an increase in its capital base and an overall profitable performance in 2005, enabling it to meet the insurance needs of the growing U.S. economy, according to...
Apr 6 2006 // Standard & Poor’s Ratings Services announced that it has revised its outlook on the global reinsurance industry to stable from negative, “indicating that there will be little near-term movement in ratings...
Apr 6 2006 // According to a report in the French financial daily Les Echos the AXA Group is close to concluding a deal to sell its reinsurance activities to the Greenwich, Conn.-based investment firm Stone Point Capital. Neither AXA...
Apr 5 2006 // Aon Re Inc. announced the introduction of Prime/Cap(SM), which it described as “a comprehensive suite of capital optimization and allocation tools for property-casualty insurers and reinsurers. Prime/Cap(SM) is fully...