All the headlines from our Reinsurance Topic Page, ordered by recency.
Jan 11 2006 // Bermuda-based Max Re Capital Ltd. announced that Peta White has joined the company’s Property and Casualty Reinsurance Division as Senior Vice President and International Treaty Underwriter. She has more than 10...
Jan 11 2006 // The Dublin International Insurance & Management Association (DIMA), which represents the majority of non-life insurers, non-life and life reinsurers, and captive managers located in Ireland, has strongly rejected...
Jan 11 2006 // Allstate Corp. recently announced a partially completed new reinsurance program for its countrywide personal lines property and auto insurance business.The Northbrook, Illinois-based insurer said it has placed $750 million...
Jan 11 2006 // Barriers to trade must be removed to permit foreign reinsurers to lend more support in the event of another mega-disaster such as Hurricane Katrina, Lloyd’s chairman Lord Levene told New York business...
Jan 11 2006 // The Ohio Department of Insurance recently filed revisions to several rules that could impact property and casualty insurance companies.The rules deal with solvency surveillance, acquisition or mergers, reinsurance terms...
Jan 11 2006 // Allstate Corp. announced this week that customers living in areas hard-hit by hurricanes and other natural disasters, including North Carolina, are likely to see their premiums rise this year as a result of the...
Jan 10 2006 // Lloyd’s insurer Amlin plc has issued a very positive assessment of its 2005 results and is equally upbeat about prospects for 2006. Amlin said it “expects that, in the absence of unforeseen circumstances, its...
Jan 9 2006 // Global risk and reinsurance specialist Guy Carpenter & Company, a unit of the Marsh & McLennan Companies, has published “U.S. Reinsurance Renewals at January 1, 2006,” its “annual review of...
Jan 9 2006 // Willis Re, the reinsurance unit of the Willis Group, has issued a comprehensive report that reviews the current state of the reinsurance market in light of the past 18 months.While emphasizing that the Gulf hurricanes...
Jan 6 2006 // Lloyd’s insurer Creechurch Underwriting Limited announced the formation of the first Lloyd’s Syndicate to be managed in accordance with Islamic Shari’ah principles.“Stephen Gargrave will be the...
Jan 5 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, pushing what would have been the industry’s largest underwriting profit ever into a loss situation, according to the Insurance...
Jan 5 2006 // Iowa-based EMC Insurance Group Inc. confirmed that Country Mutual Insurance Company had become a participant in the Mutual Reinsurance Bureau (MRB) pool effective Jan. 1, 2006. The company previously announced on Nov. 14,...
Jan 2 2006 // With the insurance industry surviving a year filled with catastrophe losses and the challenge of reauthorizing the terrorism reinsurance backstop legislation, the prospects still seem bright for 2006 according to agents,...
Jan 2 2006 // Bermuda-based Montpelier Re Holdings Ltd. has joined with other investors in capitalizing a new Bermuda reinsurer, Blue Ocean Reinsurance Ltd. Blue Ocean will offer retrocessional protection, or reinsurance for reinsurers,...
Jan 1 2006 // Right before going home for the holidays, Congress reconciled different House and Senate versions and approved an extension of the federal terrorism reinsurance program in the form of the Terrorism Risk Insurance Revision...
Dec 30 2005 // Standard & Poor’s Ratings Services announced that it has assigned its ‘BBB-‘ counterparty credit rating to Flatiron Re Ltd. and its ‘BB+’ senior secured debt rating to Flatiron Re’s...
Dec 30 2005 // The Enstar Group Inc. reported that its partially owned equity affiliate, Castlewood Holdings Limited, and Shinsei Bank, Limited have signed definitive agreements for the purchase of Aioi Insurance Company of Europe...
Dec 30 2005 // From Maine to Virginia, many of the insurance headlines in 2005 dealt with compensation and reinsurance probes, just as they did across the country, casting the industry’s reputation in a bad light.But much of the...
Dec 28 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 4.4 percent, or $1.2 billion, to $28.8 billion in nine-months 2005 from $27.6 billion in nine-months 2004. Reflecting the industry’s...
Dec 28 2005 // Standard & Poor’s Ratings Services announced that it has raised its long-term insurer financial strength rating on Hong Kong’s Ming An Insurance Co. to “BB+” from “BB”,...