All the headlines from our Reinsurance Topic Page, ordered by recency.
Jan 13 2005 // Marvin J. Cashion has been named chief legal officer of Florida-based SunCoast Holdings Inc., the corporate parent for the company’s insurance operating subsidiaries, Brandywine Insurance Holding Company Inc. and...
Jan 12 2005 // The INSCO DICO Group Teams Up With Three Major Reinsurers For Additional Subdivision Bond Capacity To Serve The Larger Builder/Developer Market The Insco Dico Group, a leading writer of surety bonds, has announced the...
Jan 10 2005 // Guy Carpenter & Company Inc., part of the Marsh & McLennan Companies, has released its annual report on pricing at renewals, U.S. Reinsurance Renewals at Jan. 1, 2005, which found pricing generally to be flat to...
Jan 7 2005 // Standard & Poor’s Ratings Services came down a bit harder on ACE Limited’s ratings than A.M. Best following the announcement that the company would increase its reserves for asbestos and environmental...
Jan 7 2005 // Global insurance broker Willis Group Holdings has released its reinsurance review of the marketplace for the January 1, 2005 renewals. The Willis Re report includes information on rate movements and commentary from...
Jan 7 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Japanese reinsurer The Toa Reinsurance Company, Limited, and has assigned an “aa-” issuer credit...
Jan 6 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Singapore Reinsurance Corporation Limited (Singapore Re) with a...
Jan 6 2005 // Bermuda-based ACE Limited announced that it will strengthen its asbestos, environmental and other run-off reserves and incur a related net, after-tax charge to earnings of $298 million ($1.05 per share) in the fourth...
Jan 5 2005 // Standard & Poor’s Ratings Services has issued a report entitled, “The Latin American Reinsurance Industry: Underdeveloped, With Potential,” which points out that the “underdeveloped Latin...
Dec 29 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “AA-” insurer financial strength rating to UK-based Tokio Marine Global Ltd. (TMG) with a stable outlook.“The rating on TMG...
Dec 29 2004 // Fitch has affirmed all ratings of HCC Insurance Holdings Inc. (HCC), including HCC’s ‘A-‘ long term issuer and senior debt rating, and the ‘AA-‘ insurer financial strength (IFS) rating of...
Dec 29 2004 // Fitch Ratings has issued a bulletin indicating that it “expects insured losses stemming from the recent Southeast Asian earthquake and tsunami to affect the Asian primary insurance market and the worldwide...
Dec 28 2004 // Carvill, a leading reinsurance intermediary in Specialty business, announced the signing of an agreement in principle to sell its West Coast operations to an investment group headed by their current President, Brendan...
Dec 23 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Bermuda-based Quanta Reinsurance Ltd. (Quanta Re) and its three strategic pooled subsidiaries: Quanta...
Dec 22 2004 // Bermuda-based Assured Guaranty Ltd. announced that two of its operating subsidiaries have reached an agreement with Financial Security Assurance Inc. (FSA) to renew FSA’s reinsurance contracts effective January 1,...
Dec 22 2004 // A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating of “a-” to Glacier Reinsurance AG (Glacier Re), the newly formed Swiss...
Dec 22 2004 // A.M. Best Co. announced that it has affirmed the “A” (Excellent) financial strength rating of German reinsurer Hannover Rückversicherung AG (Hannover Re) and its core subsidiaries. At the same time Best also...
Dec 20 2004 // Benefiting from profits on underwriting, the U.S. property/casualty insurance industry’s net income after taxes rose 28.3 percent to $26.7 billion in the first nine months of 2004 from $20.8 billion in the first nine...
Dec 20 2004 // The nonstandard automobile insurance sector is cyclical in nature, characterized by periods of severe price competition and excess capacity followed by periods of high premium rates and shortages of underwriting capacity,...
Dec 17 2004 // Fitch Ratings announced that it has affirmed all ratings related to Everest Re Group, Ltd., including the “A-” senior debt and long-term issuer rating of intermediate holding company, Everest Reinsurance...