All the headlines from our Reinsurance Topic Page, ordered by recency.
Jul 8 2005 // Bermuda’s XL Capital Ltd. has announced today that its second quarter 2005 results will be adversely impacted by an increase in net reserves in its North American reinsurance operations of $191 million...
Jul 7 2005 // In a separate announcement the ACE Tempest Re Group, the global reinsurance operations of the ACE Group of Companies, announced that James Wixtead has been appointed CEO of ACE Tempest Re USA, ACE’s Stamford,...
Jul 7 2005 // Bermuda-based ACE Limited has announced that Jacques Bonneau, CEO of ACE Tempest Re USA, has been appointed president & CEO of the ACE Tempest Re Group. He will be based in Bermuda and report to Ace President and CEO...
Jul 6 2005 // American International Group Inc. (AIG) announced that AIG Vice President Charles Dangelo has been appointed AIG’s senior reinsurance officer, effective immediately. In this role, he will be responsible for all...
Jul 6 2005 // ACE INA announced that Bruce Kessler has been appointed executive vice president, chief underwriting officer, ACE INA. Based in Philadelphia, Kessler will be the senior underwriting officer for ACE in the United States and...
Jul 5 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A” (Excellent) and the issuer credit ratings of “a” of the operating companies of the German-based GE Frankona Group...
Jul 5 2005 // A.M. Best Co. has affirmed the financial strength ratings of “B++” (very good) and assigned issuer credit ratings of “bbb” to both Lake Forest, Ill.-based Trustmark Insurance Co. and Trustmark Life...
Jul 5 2005 // Days after the U.S. Treasury issued its report downplaying the need for renewal of a federal terrorism risk reinsurance program, an organization of 30 democratic countries including the U.S. has warned of shortfalls in...
Jul 4 2005 // Insurers’ appetite for targeted insurance programs still favors larger deals and shuns workers’ compensation risks, according to one expert’s analysis of conditions.Benfield Inc. Senior Vice President C....
Jul 4 2005 // Chicago-based commercial insurer CNA Financial Corp. has received a subpoena from New York federal prosecutor David Kelley relating to his investigation of finite reinsurance. Kelley, the U.S. Attorney for the Southern...
Jul 4 2005 // Recent insurance industry investigations have begun to put prior finite reinsurance transactions under a microscope, creating the need to re-examine this reinsurance product, but more importantly determine its role in the...
Jul 4 2005 // The insurance industry is entering a soft market, but unlike earlier soft markets, carriers have not cut prices to gain market share. Numerous life, property/casualty, and reinsurance executives say that underwriting...
Jul 4 2005 // The insurance industry is entering a soft market, but unlike earlier soft markets, carriers have not cut prices to gain market share. Numerous life, property/casualty and reinsurance executives say that underwriting...
Jul 4 2005 // The insurance industry is entering a soft market, but unlike earlier soft markets, carriers have not cut prices to gain market share. Numerous life, property/casualty and reinsurance executives say that underwriting...
Jul 1 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings (FSR) and the issuer credit ratings (ICR) of the major operating companies of the Bermuda-based White Mountains Insurance Group Ltd.Best rated...
Jul 1 2005 // The 2004 hurricane season has led to a much greater focus on aggregate risk and this will prompt changes in catastrophe risk assessment, attendees at the Casualty Actuarial Society (CAS) Spring meeting heard.Randall...
Jun 30 2005 // The following is the Introduction and the Executive Summary of the June 30, 2005 report from the Treasury Department on the Terrorism Risk Insurance Act of 2002 including its assessment of the act and recommendations for...
Jun 30 2005 // The business lobby, Coalition to Insure Against Terrorism, is blasting as “flawed” and illogical the Treasury Department’s report recommending against renewal of the federal Terrorism Risk Insurance Act...
Jun 28 2005 // Standard & Poor’s Ratings Services has issued a new report – “Reinsurance Criteria: Larger Losses And Better Modeling Prompt Changes To Property Catastrophe Criteria-” that examines the upsurge...
Jun 27 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “BBB” long-term counterparty credit and insurer financial strength ratings on Cyprus-based reinsurer Alliance International...