All the headlines from our Reinsurance Topic Page, ordered by recency.
Jun 16 2005 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Channel Reinsurance Ltd.’s “AAA” financial strength and financial enhancement ratings to negative from...
Jun 16 2005 // ACE Tempest Reinsurance Ltd., the ACE Group’s Bermuda-based property and specialty catastrophe reinsurer, has announced the appointment of Guy Swayne to the position of Chief Underwriting Officer,-International.He...
Jun 16 2005 // Bermuda-based Platinum Underwriters Holdings Ltd. announced that it has received a grand jury subpoena from the United States Attorney for the Southern District of New York requesting documents relating to Platinum’s...
Jun 16 2005 // Bermuda-based RenaissanceRe Holdings Ltd. acknowledged that it has received a subpoena from the United States Attorney for the Southern District of New York requesting information relating to the use of finite risk...
Jun 13 2005 // State insurance regulators moved closer to final adoption of a model finite reinsurance disclosure regulation at the summer meeting of the National Association of Insurance Commissioners in Boston this weekend.As they did,...
Jun 8 2005 // GE Insurance Solutions and the Institute of Insurance Economics of Switzerland’s University of St. Gallen have issued a joint study of the German reinsurance market from the point of view of the buyer, the primary...
Jun 8 2005 // Standard & Poor’s Ratings Services new assessment of the outlook on the U.S. reinsurance sector finds that it continues to be stable (See related article in “National “), “but only because of...
Jun 8 2005 // The European Parliament has voted its approval of new laws and regulations, which now need to be approved by EU member governments, for the regulation of the reinsurance industry within the 25-member block.The proposed...
Jun 8 2005 // Standard & Poor’s Ratings Services has issued its assessment on the U.S. reinsurance sector, which concludes that it remains stable, even though there have been declines in pricing.S&P notes: “The...
Jun 7 2005 // The international law firm of Chadbourne & Parke LLP announced that it is strengthening its insurance and reinsurance practice with the appointment of five partners from Denton Wilde Sapte. The partners will be joined...
Jun 7 2005 // The former chief executive officer of Cologne Reinsurance Company in Dublin, a General Reinsurance subsidiary, has agreed to plead guilty to federal criminal charge of conspiring with others to misstate certain financial...
Jun 7 2005 // According to a Reuters report on Tuesday, Prudential Financial Inc. has received a subpoena from Connecticut Attorney General Richard Blumenthal asking for information about its participation in a number of reinsurance...
Jun 6 2005 // AG Targets Ex-Execs Greenberg and Smith; AIG Restates Financials; Is Settlement Next?From the 1980s until recently, insurance giant American International Group and its top executives “routinely engaged in misleading...
Jun 6 2005 // AG Targets Ex-Execs Greenberg and Smith; AIG Restates Financials; Is Settlement Next?– Maurice “Hank” Greenberg, AIG CEO, 1992From the 1980s until recently, insurance giant American International Group...
Jun 6 2005 // Over 200 years ago Paul Revere rallied the Minutemen with the cry: “The British are coming!” He’d be somewhat surprised to learn of today’s more benign invasion by a number of British insurance...
May 31 2005 // Intendant Holding Corporation of Vedra Beach, Fla. has received a license from the Florida Department of Financial Services for its insurance services subsidiary King’s Bay Insurance Services Inc., to operate as a...
May 30 2005 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and debt ratings on seven unregulated insurance and reinsurance holding companies. S&P also raised its...
May 23 2005 // Bruce K. Howson, Intendant Hold-ing Corporation president and CEO, announced that the Florida Department of Financial Services has issued an operat-ing license to IHC’s reinsurance brokerage subsidiary King’s...
May 23 2005 // States with meaningful tort reform are seeing stabilization in the medical professional liability arena from three years ago. Despite the decrease in claims frequency, however, severity persists and insurers must maintain...
May 23 2005 // Twig BranchSeattle, Wash.-based Physicians Insurance A Mutual Company has announced that Rodney A. Pierson has been named senior vice president, CFO and treasurer. Pierson’s long history in finance includes his...