All the headlines from our Reinsurance Topic Page, ordered by recency.
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...
Nov 10 2005 // Lloyd’s announced that it has been given the green light to establish an on-shore reinsurance operation in China.“The on-shore license will give Lloyd’s an important strategic foothold in one of the...
Nov 10 2005 // Germany’s Hannover Re, the world’s third largest reinsurer, has been hit with a commensurately large share of the losses from Katrina, Rita et. al. The company’s 9 month report notes an “exceptional...
Nov 9 2005 // London-based RI3K has announced that by the end of this month it will expand its electronic trading platform services to certain commercial lines. The company said it will initially handle International Property, North...
Nov 9 2005 // RenaissanceRe Holdings is moving to fill the rather large gap created by the sudden departure of James Stanard, its President and CEO (See IJ Website Nov. 1). The company announced that Kevin J. O’Donnell has been...
Nov 8 2005 // Standard & Poor’s Ratings Services announced that it has raised to “BBB” from “BBB-” its counterparty credit and senior debt ratings on White Mountains Insurance Group Ltd. (WTM) and Fund...
Nov 8 2005 // Legislation in Congress to pass U.S. Rep. Mark Foley’s proposal to allow the accumulation of tax-deferred catastrophic reserves by insurers, and a study on how to add programs to the Florida Hurricane Catastrophe...
Nov 7 2005 // MarketScout has analyzed the submissions from its agency network in an exclusive market evaluation on behalf of the Insurance Journal. Additionally, MarketScout conducted in person interviews with various industry leading...
Nov 7 2005 // Asian Quake Death Toll Over 50,000: The 7.6 magnitude earthquake that struck near Muzaffarabad in Pakistan-administered Kashmir on Oct. 8 killed over 50,000 people in the country. Another 1,400 died on the Indian side of...
Nov 7 2005 // Vesta Insurance of Birmingham, issued a statement saying it has complete reinsurance coverage for Hur-ricane Wilma claims in Florida. “As previously disclosed, Vesta’s losses from Hurricanes Katrina and Rita...
Nov 6 2005 // ALABAMAVesta Reinsurance To Cover Wilma Vesta Insurance of Birmingham, issued a statement saying it has complete reinsurance coverage for Hur-ricane Wilma claims in Florida.“As previously disclosed, Vesta’s...
Nov 6 2005 // MarketScout has analyzed the submissions from its agency network in an exclusive market evaluation on behalf of the Insurance Journal. Additionally, MarketScout conducted in person interviews with various industry leading...
Nov 6 2005 // Asian Quake Death Toll Over 50,000: The 7.6 magnitude earthquake that struck near Muzaffarabad in Pakistan-administered Kashmir on Oct. 8 killed over 50,000 people in the country. Another 1,400 died on the Indian side of...