All the headlines from our Reinsurance Topic Page, ordered by recency.
Sep 19 2005 // The Florida Office of Insurance Regulation has withdrawn proposed state-specific requirements regarding the accounting treatment of finite reinsurance, making it the second state to do so. The office has opted instead to...
Sep 19 2005 // Bermuda-based Arch Capital Group Ltd. announced that it expects third quarter operating earnings to be negatively impacted by the effects of Hurricane Katrina in the range of $110 to $160 million, after tax.“These...
Sep 19 2005 // Hurricane Katrina could be called an industry nightmare. Some insurers were still reeling from the effects of the Asian tsunamis and last year’s four hurricanes. Yet when Katrina struck in late August, she forced...
Sep 15 2005 // Due to the evolving effects of Hurricane Katrina, A.M. Best Co. has been aggregating public and private information in order to assess the financial impact it will have on insurers.A.M. Best expects all rated companies...
Sep 13 2005 // Endurance Specialty Holdings Ltd., a provider of property and casualty insurance and reinsurance, announced that Endurance’s U.S. subsidiary, Endurance Reinsurance Corporation of America has appointed Kevin Rooney as...
Sep 13 2005 // Fitch Ratings has placed the ratings of five North American property/casualty insurance and reinsurance organizations on Rating Watch Negative Tuesday based on potential large loss exposures to Hurricane Katrina.The...
Sep 12 2005 // Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies has released its annual, comprehensive study of the property catastrophe reinsurance market, The...
Sep 12 2005 // Willis Group Holdings and Gras Savoye, a leading French insurance broker, announced that they have agreed to join their respective French and Belgian reinsurance businesses in a new Paris-based company, Willis Gras Savoye...
Sep 12 2005 // As the Reinsurance Rendezvous opens in Monte Carlo, A.M. Best Co. has issued a comment on the possible impact of Hurricane Katrina on the global insurance industry.Many of the biggest European companies – Munich Re...
Sep 12 2005 // Standard & Poor’s Ratings Services announced that it has placed its ratings on 10 interactively rated insurance and reinsurance groups on CreditWatch with negative implications due to their possible...
Sep 9 2005 // Bermuda-based Aspen Insurance Holdings Limited announced its initial assessment of the losses sustained from Hurricane Katrina and the “Great New Orleans Flood” would be approximately $150 million.In...
Sep 9 2005 // Mississippi Insurance Commissioner George Dale has issued a bulletin to insurance companies urging insurers pay all valid claims from Hurricane Katrina. The bulletin warns insurers that if they deny a claim, they will be...
Sep 7 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) and the issuer credit rating of “bbb+” of Mexican reinsurer Reaseguradora Patria, S.A. with a stable...
Sep 6 2005 // Fitch Ratings will hold a teleconference on Wednesday, Sept. 7, 2005 at 9:30 a.m. EDT to discuss the rating agency’s outlook for the global reinsurance market in advance of the Monte Carlo Rendezvous.The announcement...
Sep 5 2005 // Linda Slaughter has been promoted from senior vice president of claims to COO at Concord, Calif.-based Athens Administrators, part of the Jenkins Athens Group. Slaughter joined Athens in its founding days and has been with...
Sep 5 2005 // Barbara Zimmerman has joined IBA West as membership benefits vice president. She will be responsible for the research, development and management of IBA West Service Corporation programs and management of Membership...
Sep 5 2005 // Extreme Weather Hits Europe: Devastating wild fires in Portugal; torrential rains in Switzerland, Austria, Germany and Romania; drought in much of France. There seems to be no end to the list of extreme weather conditions...
Sep 5 2005 // A.M. Best Co. upgraded the financial strength ratings to “A+” (superior) from “A” (excellent) and assigned issuer credit ratings of “aa-” to ACE Westchester Specialty Group,...
Sep 5 2005 // Extreme Weather Hits Europe: Devastating wild fires in Portugal; torrential rains in Switzerland, Austria, Germany and Romania; drought in much of France. There seems to be no end to the list of extreme weather conditions...
Sep 1 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “BBB+” long-term counterparty credit and insurer financial strength ratings to Slovenia-based reinsurer Pozavarovalnica Sava,...