All the headlines from our Reinsurance Topic Page, ordered by recency.
Apr 4 2005 // Berkshire Hathaway’s Buffett on Insurance Economics, 2004 ResultsBy Chairman Warren Buffett’s own admission, Berkshire Hathaway Inc. did not have one of its best years in 2004. Last year, Berkshire’s...
Apr 4 2005 // Fitch Ratings affirmed the “BBB-” long-term issuer and senior debt ratings of Chicago-based commercial insurer CNA Financial Corp., as well as the “BBB-” insurer financial strength ratings of...
Apr 4 2005 // Citing “people familiar with the matter,” the The Wall Street Journal reported that insurance giant American International Group Inc. fired two of its executives because they indicated they would invoke their...
Apr 4 2005 // Maurice “Hank” Greenberg will step down as Chairman of American International Group’s Board of Directors, ending his more than 40-year relationship with AIG. Also, Warren Buffett, the well-known investor...
Apr 1 2005 // Effective immediately, AM Best has downgraded Workmen’s Auto Insurance Company from a B++ to a B(u), citing the company’s drop in surplus as the main reason for the downgrade.The company has filed a lawsuit...
Apr 1 2005 // A.M. Best Co. announced that it has placed the financial strength rating of “A” (Excellent) of the reinsurance subsidiaries of Bermuda-based Platinum Underwriters Holdings, Ltd. under review with negative...
Mar 31 2005 // A new U.S. government report indicates that the private U.S. insurance industry would be placed under enormous strain without government intervention if there were a major terrorist or catastrophic event or series of...
Mar 30 2005 // Germany’s Hannover Re Group reported 309.1 million euros ($400 million) net after tax income for 2004, down 12.9 percent from 2003’s 354.8 million euros ($459.8 million). The company’s earnings report,...
Mar 30 2005 // The New York State Insurance Department has decided it will require insurers’ chief executive officers to verify that any finite reinsurance contracts their companies have are correctly reported.The CEOs will be...
Mar 30 2005 // American International Group, Inc. announced that the filing of its 2004 Form 10-K will be delayed beyond the March 31, 2005 extended due date in order to provide AIG, its board of directors and its new management more...
Mar 29 2005 // The various investigations of giant insurer American International Group are continuing to take their toll. Maurice “Hank” Greenberg will step down as Chairman of American International Group’s Board of...
Mar 25 2005 // In a joint announcement private retail brokerage firm Palmer & Cay, Inc., and Glencoe U.S. Holdings Inc., the wholly owned U.S. subsidiary of Bermuda’s RenaissanceRe Holdings Ltd., affirmed that Glencoe has...
Mar 24 2005 // Standard & Poor’s Ratings Services announced that has raised its long-term counterparty credit and insurer financial strength ratings on Hannover Reinsurance Africa Ltd. (Hannover Re Africa) to “BBB”...
Mar 23 2005 // Dublin-based Research and Markets has announced the addition of Catastrophe Risk and Reinsurance: A Country Risk Management Perspective to their offering. See: http://www.researchandmarkets.com/reports/c14308.The report...
Mar 21 2005 // General Reinsurance, a subsidiary of Berkshire Hathaway Inc., has been subpoenaed in an investigation of Reciprocal of America, a former Virginia-based professional liability insurer whose collapse is considered one of the...
Mar 18 2005 // Standard & Poor’s Ratings Services has said that the 2004 results announced by Germany’s international reinsurer Munich Reinsurance Co. (A+/Stable/–) and its related entities–collectively...
Mar 18 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa” of French reinsurer Caisse Centrale de Reassurance (CCR) with a...
Mar 17 2005 // A bill that is moving through the Florida House of Representatives could leave consumers and businesses with a hefty bill if the Florida Hurricane Catastrophe Fund is wiped out after a major hurricane.The proposed...
Mar 16 2005 // Germany’s Munich Re Group celebrated its 125th anniversary year in style, recovering from a 434 million euro ($578 million) loss in 2003 to post 2004 net profits of 1.833 billion euros ($2.44 billion) despite a...
Mar 16 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “AA-” financial strength rating to Partner Re Ireland Insurance Co. (PRII), a newly formed subsidiary of Bermuda-based PartnerRe...