All the headlines from our Reinsurance Topic Page, ordered by recency.
Nov 12 2004 // Germany’s Hannover Re – ranked by Standard & Poor’s as the world’s fifth largest reinsurer – announced third quarter earnings that were heavily impacted by the Florida hurricanes and...
Nov 11 2004 // Carvill, a leading reinsurance intermediary in Specialty business, announced the launch of Carvill Re, to provide a “dedicated focus to expanding Carvill’s relationships in the London reinsurance...
Nov 11 2004 // Fitch Ratings commented that Fairfax Financial Holdings Limited’s ratings and Rating Watch Negative status are unaffected by its recent disclosures via its third-quarter 2004 financial filings and investor conference...
Nov 11 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “BBB+” preferred stock rating to Bermuda-based PartnerRe Ltd.’s (PRE’s) proposed $200 million Series D Cumulative...
Nov 9 2004 // Bermuda-based AXIS Capital Holdings Limited announced that it will realign its organizational structure to enhance the brand and operations of its insurance businesses and its reinsurance businesses globally.In a separate...
Nov 9 2004 // Despite an estimated 550 million euros ($711 million) in hurricane related claims, Munich Re, the world’s largest reinsurer, seems to have weathered the storm(s). The company announced third quarter profits of 365...
Nov 5 2004 // French reinsurer SCOR Group recently approved the company’s financial results for the nine months ended Sep. 30, 2004. SCOR has been through some rough times, but the results, which included 54.3 million euro ($70...
Nov 3 2004 // A.M. Best Co. announced that it has revised the rating outlook to negative from stable on the “A” (Excellent) financial strength ratings for Employers Reinsurance Corporation of Overland Park, Kan. and GE...
Nov 3 2004 // Aspen Insurance Holdings Limited became the latest Bermuda-based insurer to report negative earnings in the third quarter when it announced a net loss of $43 million, or 62 cents per diluted share, for the three months...
Oct 28 2004 // A.M. Best Co. announced that it has downgraded the financial strength rating to “A+” (Superior) from “A++” (Superior) of Transatlantic Reinsurance Company and Putnam Reinsurance Company, both New...
Oct 22 2004 // The reinsurance industry is facing a key test from the 2005 renewal season in terms of how it reacts in practice to pricing pressure from cedents, according to A.M. Best Co..While the material levels of catastrophe losses...
Oct 19 2004 // Scottish Re Group Limited, a global life reinsurance specialist, announced that it has agreed to acquire the individual life reinsurance business of ING Re. The transaction is expected to close by the end of the...
Oct 19 2004 // Bermuda-based Endurance Specialty Holdings Ltd. announced that its wholly owned U.S. subsidiary, Endurance Reinsurance Corporation of America (Endurance Re), has opened a branch office in Toronto, Canada, following the...
Oct 18 2004 // Dublin based Research and Markets announced the addition of “Rational Reinsurance Buying” to their offering of research reports. The new publication covers “the perspectives of leading insurance...
Oct 18 2004 // Swiss reinsurer Converium AG has apparently weathered what its CFO Martin Kauer called “a perfect summer storm.” The company successfully closed its capital raising initiative with the sale of $420 million...
Oct 18 2004 // Massachusetts-based Allmerica Financial Corp. announced estimated pre-tax catastrophe losses of approximately $30 million related to Hurricane Jeanne.The company expects to cede all Hurricane Jeanne losses to reinsurers,...
Oct 12 2004 // Bermuda-based Montpelier Re Holdings Ltd. (NYSE – MRH) announced that its wholly owned operating subsidiaries, Montpelier Reinsurance Ltd. and Montpelier Agency Ltd., have entered into agreements with the Overseas...
Oct 12 2004 // Property/casualty insurer Cincinnati Financial Corp. announced an estimate of $8 million for pretax catastrophe losses resulting from Hurricane Jeanne and updated estimates for prior storms. Including Jeanne, third-quarter...
Oct 7 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “A-” debt rating on U.S.-based Everest Reinsurance Holdings Inc.’s $250 million senior unsecured note issuance. S&P...
Oct 7 2004 // Alabama-based Vesta Insurance Group Inc. announced that its gross loss, before reinsurance, from Hurricane Ivan is expected to be in the range of approximately $7.0 to $12.0 million and approximately $23.0 to $37.0 million...