All the headlines from our Reinsurance Topic Page, ordered by recency.
Feb 15 2006 // The Navigators Group Inc. reported net income of $15,310,000 or $0.96 per share for the 2005 fourth quarter based on 16,012,000 diluted shares compared to net income of $10,635,000 or $0.84 per share for the 2004 fourth...
Feb 13 2006 // Standard & Poor’s Ratings Services has published an article titled, “Credit FAQ: Hotly Debated Collateralization Rule Change May Affect Insurer/Reinsurer Capital Needs,” which examines several of the...
Feb 9 2006 // Those new to property and casualty insurance are reportedly first struck by the cyclical nature of the industry.Generally, extended periods of soft pricing are followed by much shorter periods of hard pricing. After three...
Feb 9 2006 // Toronto-based Fairfax Financial Holdings Limited had a net loss of $318.1 million in the fourth quarter of 2005 and $497.9 million for the 2005 year.The falls come after absorbing losses from Hurricanes Katrina, Rita and...
Feb 9 2006 // The World Insurance Forum, set for Feb. 21-23, is an industry hosted conference for world insurers, reinsurers, risk managers, regulators, financiers and brokers.It is a biennial event held in Bermuda and provides a...
Feb 7 2006 // Bermuda-based RenaissanceRe Holdings Ltd. reported a net operating loss attributable to common shareholders of $206.9 million in the fourth quarter of 2005, principally reflecting a $313.9 million net negative impact from...
Feb 7 2006 // Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders of $90.1 million for the year ended Dec. 31, 2005, or $0.57 per diluted common share, compared with net income of $495.0...
Feb 6 2006 // Aon’s Bennink sees need for ‘tarnished’ product growing as property owners face mold effects of hurricanesAUTHOR: By Andrew G. Simpson Finite reinsurance has received negative publicity within the past...
Feb 6 2006 // The California Department of Insurance has proposed new reinsurance oversight regulations, which several insurance industry associations said are “unnecessary, burdensome and anti-market competition,” according...
Feb 6 2006 // Insurers writing monoline farm policies and incidental professional liability coverage may face additional work to clarify coverage for their insureds under the federal terrorism reinsurance program.Officials of the U.S....
Feb 5 2006 // News CurrentsThe California Department of Insurance has proposed new reinsurance oversight regulations, which several insurance industry associations said are “unnecessary, burdensome and anti-market...
Feb 5 2006 // CLASS ACTION FILEDCalif. State Fund vs. interpreters TRAUMA CARE REIMBURSEMENT Colo. seeks to modify requirementsEMERGING RISKSUnknown exposures could create extensive claims
Feb 5 2006 // Insurers writing monoline farm policies and incidental professional liability coverage may face additional work to clarify coverage for their insureds under the federal terrorism reinsurance program. Officials of the U.S....
Feb 3 2006 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Grupo Nacional Provincial, S.A. (GNP) (Mexico City, Mexico). The rating outlook is stable.The rating reflects GNP’s solid risk-adjusted...
Feb 2 2006 // Faraday Group, the broker-focused Lloyd’s managing agent and London-based reinsurance group, announced the approval of the appointments of Mark Rayner and Paul Ceurvorst as joint Chief Underwriting Officer and Active...
Feb 2 2006 // The Securities and Exchange Commission on Thursday filed an enforcement action against five former senior executives of General Re Corporation (Gen Re) and American International Group Inc. (AIG) for helping AIG mislead...
Jan 31 2006 // The Chubb Corp. reported that net income in the fourth quarter of 2005 was $614 million or $2.92 per share, compared to $468 million or $2.39 per share in the fourth quarter of 2004.Operating income, which the company...
Jan 31 2006 // Guy Carpenter & Company Inc. reported the publication of Property Specialty Update – 1 January 2006 Renewal Season Overview, an in-depth report on the Jan. 1, 2006 property renewal season.The study, which...
Jan 31 2006 // Bermuda’s XL Capital Ltd. reported two developments in its global insurance business. It has received the approval of the China Insurance Regulatory Commission to open a Representative Office in Beijing.XL has also...
Jan 30 2006 // It is quite common in certain insurance or reinsurance contracts for the parties to include an arbitration clause so as to identify the chosen means of dispute resolution.For those threatened with the prospect of...