All the headlines from our Reinsurance Topic Page, ordered by recency.
Dec 1 2005 // A team of four reinsurance brokers — all specializing in the placement and servicing of facultative and program reinsurance — has joined John B. Collins Associates Inc. The brokers all previously worked for...
Nov 30 2005 // A.M. Best Co. announced that it has downgraded the financial strength rating to “A-” (Excellent) from “A+” (Superior) of Allianz Marine & Aviation (France) (AMAF) and has removed the rating...
Nov 30 2005 // Massachusetts-based Allmerica Financial Corp., whose name and NYSE ticker symbol will change to “The Hanover Insurance Group Inc.” and “THG,” respectively, effective Dec. 1, 2005, announced...
Nov 29 2005 // Lloyd’s Chairman, Lord Levene, has called on the London market’s reinsurers to play their part in European efforts to remove the current “inappropriate system” of collateralisation requirements in...
Nov 29 2005 // “Convergence products” will play a critical part in the competitive landscape of the property-casualty industry in coming years despite being a relatively small segment, according to a new study by Conning...
Nov 23 2005 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Transatlantic Reinsurance Co. and its wholly owned subsidiaries–Putnam Reinsurance...
Nov 21 2005 // Several top insurance executives discussed the ramifications of Hurricane Katrina and other natural disasters in a panel discussion last month at the annual meeting of the Property Casualty Insurers Association of...
Nov 21 2005 // Stock Prices: Despite the devastation caused by the three major hurricanes which struck the Gulf Coast and parts of Florida sending reinsurers scrambling to raise money to prevent ratings downgrades, commercial lines...
Nov 21 2005 // New Bermuda Insurers Formed: As the proverb says: “It’s an ill wind that blows no man good.” Even Katrina, one of the “illest” winds of all time, has brought some good fortune to the...
Nov 20 2005 // Several top insurance executives discussed the ramifications of Hurricane Katrina and other natural disasters in a panel discussion last month at the annual meeting of the Property Casualty Insurers Association of...
Nov 20 2005 // New Bermuda Insurers Formed: As the proverb says: “It’s an ill wind that blows no man good.” Even Katrina, one of the “illest” winds of all time, has brought some good fortune to the...
Nov 20 2005 // Stock Prices: Despite the devastation caused by the three major hurricanes which struck the Gulf Coast and parts of Florida sending reinsurers scrambling to raise money to prevent ratings downgrades, commercial lines...
Nov 18 2005 // General Electric has agreed to sell most of its Insurance Solutions business, including Employers Reinsurance Corp., to Swiss Re for $6.8 billion. It will retain some life insurance business.The transaction is subject to...
Nov 17 2005 // Bermuda-based Arch Capital Group Ltd. announced that Marc Grandisson has been promoted to the position of chairman and CEO of Arch Worldwide Reinsurance Group, effective immediately.He succeeds Dwight Evans, one of the...
Nov 17 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A+” (Superior) and the “aa-” issuer credit rating (ICR) of Japan’s Toa Reinsurance Company, Limited (Toa...
Nov 16 2005 // A.M. Best Co. announced that it has placed the financial strength rating (FSR) of “A” (Excellent) and issuer credit ratings (ICR) of “a” of the reinsurance subsidiaries of Bermuda-based Platinum...
Nov 15 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of the U.K.’s FM Insurance Company Limited (FMI) with a stable outlook.“The rating reflects the implicit...
Nov 15 2005 // Leading Lloyd’s insurer (Syndicate 2001), Amlin Plc. announced that it is in the process of forming a new, wholly owned, Bermuda reinsurance company with an initial capitalization of $1 billion. The company is aiming...
Nov 14 2005 // Hiscox, Plc, one of the U.K.’s leading Lloyd’s and specialty insurers, announced that it’s in the process of forming a Bermuda-based subsidiary, which will “write a balanced business mix of...
Nov 10 2005 // It may be a case of locking the barn door after the horse has gone (see following article), but Bermuda-based PXRE has taken a significant step to protect itself “from extreme catastrophe losses arising from...