All the headlines from our Reinsurance Topic Page, ordered by recency.
Dec 27 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Bermuda-based Quanta Reinsurance Ltd. (Quanta Re) and its...
Dec 27 2005 // Standard & Poor’s Rating Services has issued a timely bulletin, entitled “Credit FAQ: Rating The Reinsurance Startups.” The article discusses the criteria the rating agency uses in determining the...
Dec 27 2005 // Bermuda’s PXRE Group Ltd. has given details of its $250 million collateralized transaction with Atlantic & Western Re II Limited, a Cayman Island reinsurance company. The agreement is designed to provide...
Dec 22 2005 // Bermuda-based Max Re Capital Ltd. announced four new appointments in its P/C Reinsurance Division.James Henry Winn has joined the team as Senior VP and North American Treaty Underwriter. He has over 15 years property...
Dec 21 2005 // A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating of “a-” to Bermuda- start-up Flagstone Reinsurance Limited, and has given the...
Dec 19 2005 // The state’s second largest commercial insurer of coastal properties is dropping coverage to 6,500 policy holders in southeastern Massachusetts and Cape Cod because company reinsurance payments are rising by as much...
Dec 19 2005 // A.M. Best Co. announced that it has assigned a financial strength rating (FSR) of “A” (Excellent) and an issuer credit rating (ICR) of “a” to the newly created Bermuda-based reinsurer Harbor Point...
Dec 19 2005 // Insurance regulators, on the heels of the National Catastrophe Insurance Summit in Burlingame, Calif., in November, are peddling the framework for a national catastrophe insurance program they say would protect U.S....
Dec 19 2005 // The possibility of a global avian flu outbreak is haunting insurers–property/casualty, life and health–and it appears that there’s not much they can do to mitigate losses prior to a pandemic.Nevertheless,...
Dec 18 2005 // The possibility of a global avian flu outbreak is haunting insurers-property/casualty, life and health-and it appears that there’s not much they can do to mitigate losses prior to a pandemic.Nevertheless, carriers...
Dec 18 2005 // Insurance regulators, on the heels of the National Catastrophe Insurance Summit in Burlingame, Calif., in November, are peddling the framework for a national catastrophe insurance program they say would protect U.S....
Dec 18 2005 // MassachusettsAuto Producer Reassignments Delayed: Massachusetts Insurance Commissioner Julianne Bowler has asked that a plan for reassignment of auto insurance producers doing business with the state’s residual...
Dec 15 2005 // The Chubb Corporation has completed the strategic transaction that created a new Bermuda-based global reinsurance company, Harbor Point Limited. Chubb has received from Harbor Point $200 million of 6 percent convertible...
Dec 15 2005 // Fitch ratings has issued a statement analyzing the prospects for the new reinsurance companies, established in the wake of Hurricane Katrina. The rush to set up what Fitch calls the “Class of 2005” resembles...
Dec 14 2005 // Andreas Beerli, CEO of Swiss Re’s Property & Casualty business in the Americas, recently hosted the company’s annual year-end economic and insurance industry review and outlook and led the discussion about...
Dec 8 2005 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Imagine Insurance Company Limited (Imagine) (Barbados). The ratings have been removed from...
Dec 7 2005 // Zurich Financial Services Group (Zurich) announced the appointments of Thomas Hürlimann to Chief Operating Officer in the Global Corporate business division and Mike Kerner to Head of Group Reinsurance. Both appointments...
Dec 6 2005 // Iowa-based EMC Insurance Group Inc. announced that the terms of the Quota Share Reinsurance Agreement between the company’s reinsurance subsidiary, EMC Reinsurance Company, and Employers Mutual Casualty Company...
Dec 5 2005 // The Everest Re Group announced from Bermuda that it has agreed to sell approximately $280 million of its common shares to Wachovia Securities, which will subsequently offer the common shares to public investors pursuant to...
Dec 5 2005 // Insurance regulators from California, Florida, Illinois and New York, on the heels of last month’s National Catastrophe Insurance Summit, are peddling a national catastrophe insurance program that they say would aid...