All the headlines from our Reinsurance Topic Page, ordered by recency.
May 23 2005 // Pataki’s appointee brings Albany background to Spitzer-era regulatory challengesI think I’m a pretty quick study,” Howard Mills told Insurance Journal. He’s not had much choice. The former...
May 23 2005 // Investigative subpoenas have been issued by Florida Insurance Commissioner Kevin McCarty probing the dealings of 17 reinsurers selling finite risk policies.The companies on the receiving end of the subpoenas, including...
May 23 2005 // NBIS appointed Joseph Savarese senior vice president of underwriting. He will focus on the company’s Eastern and Western U.S. presence working to establish a network of insurance agents and brokers in the contractors...
May 23 2005 // As an increasing number of state regulators conduct inquiries and tighten accounting rules and reporting requirements for finite reinsurance transactions, one P/C trade group is urging regulators to take a consistent...
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 20 2005 // Aon Re China Limited, a unit of Aon Corp., has secured 100 percent placement of the first agricultural reinsurance contract in China.The contract was awarded by the Shanghai Anxin Agricultural Insurance Co. Ltd. (AAIC),...
May 17 2005 // Two insurance employees will be placed on paid leave as federal officials conduct probes into insurance practices, billionaire investor Warren Buffett’s Berkshire Hathaway Inc. said.In a filing last Friday with the...
May 12 2005 // Standard & Poor’s Ratings Services announced that its ratings and outlook on Germany’s Munich Reinsurance, (currently “A+”/Stable) and its related entities–collectively known as the...
May 12 2005 // Germany’s Hannover Re posted strong growth in the first quarter of 2005, with operating profits (EBIT – i.e. excluding investment gains, interest and taxes) of 179.5 million euros ($229 million), a 16.2 percent...
May 10 2005 // Standard & Poor’s Ratings Services has issued a report, entitled “Peer Comparison: Bermuda Property Catastrophe Reinsurers,” which examines the differences between five of the island’s...
May 10 2005 // Munich Re posted a 26.7 percent increase in its consolidated results for the first quarter of 2001, earning a net profit of 688 million euros ($882.7 million), compared to 543 million euros ($696.7 million) in the same...
May 10 2005 // As an increasing number of state regulators conduct inquiries and tighten accounting rules and reporting requirements for finite reinsurance transactions, one property/casualty insurer trade group is urging regulators to...
May 9 2005 // While the National Association of Insurance Commissioners is considering changing the accounting rules for finite reinsurance transactions, Massachusetts is proceeding with a tightening of its own reporting...
May 9 2005 // Ohio Attorney General Jim Petro is expanding the scope of the securities fraud class action lawsuit currently pending against American International Group and others by filing an amended complaint in federal court in New...
May 9 2005 // Investigators’ interest in finite reinsurance transactions goes well beyond the five-year old agreement between American International Group and Berkshire Hathaway’s General Re that has been targeted by New...
May 6 2005 // London-based RI3K, a provider of technology infrastructure for the reinsurance industry, announced the launch of a fully LMP (London Market Principles) compliant electronic transaction module for facultative...
May 5 2005 // Guy Carpenter & Company Inc. announced that its policy regarding disclosure of compensation to clients has been extended to include facultative placements worldwide.Previously, Guy Carpenter announced its commitment...
May 3 2005 // While the National Association of Insurance Commissioners is considering changing the accounting rules for finite reinsurance transactions, Massachusetts is proceeding with a tightening of its own reporting...
May 3 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and the issuer credit ratings of “a” of Bermuda-based Endurance Specialty Insurance Ltd. and its...
May 3 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Renaissance Reinsurance Ltd. (RenRe Ltd.) and the financial strength ratings of “A” (Excellent) of...