All the headlines from our Reinsurance Topic Page, ordered by recency.
Sep 11 2004 // A mix of positive and negative forces continues to influence the financial strength of reinsurers, according to A.M. Best Co. in the special report, Global Reinsurance.The net effect reportedly continues to be a largely...
Sep 10 2004 // The 2004 Worldwide Reinsurance Awards, published by The Review magazine, have been announced at the Review Worldwide Reinsurance Awards ceremony in London. California-based Risk Management Solutions, Inc. (RMS), a leading...
Sep 10 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A” counterparty credit and financial strength ratings on U.S.-based American Re-Insurance Co. and its subsidiaries American...
Sep 10 2004 // The Midland Company, an Ohio-based provider of specialty insurance products and services, today reported projected losses from Hurricane Frances.“Based on the information received to date, we expect to incur pre-tax...
Sep 9 2004 // Bermuda-based Assured Guaranty Ltd. announced that Pierre Samson, President of Assured Guaranty Re International, Ltd. has assumed responsibility for the Company’s financial guaranty reinsurance segment.Assured...
Sep 7 2004 // Alabama-based Vesta Insurance Group Inc. announced that its Florida Select subsidiary expects to incur losses between $5.0 and $10.0 million, net of reinsurance, from Hurricane Frances. In addition, the company has...
Sep 3 2004 // Accompanying its announcement on TMRe, Standard & Poor’s Ratings Services also noted that it has revised its outlook on Dublin-based reinsurer Tokio Marine Global Re Ltd. (TMGRe) to stable from negative, and...
Sep 2 2004 // A.M. Best Co and Standard & Poor’s both announced rating actions following Converium AG’s announcement that it plans to raise additional capital and will significantly restructure its North American...
Aug 31 2004 // Zurich-based Converium Holding AG announced that an external reserve review, conducted by the actuarial consulting firm Tillinghast-Towers Perrin, confirms reserves to be “within a reasonable range of actuarial...
Aug 26 2004 // France’s SCOR Group didn’t do quite as well as Swiss Re, but it’s come a long way from the dark days of 2001. The reinsurer’s “Back on Track” restructuring plan and the recently approved...
Aug 26 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Clarendon National Insurance Co. and two of its subsidiaries — Clarendon America Insurance Co. and Redland Insurance Co....
Aug 18 2004 // Th European Commission (EC) confirmed its intention to begin implementing a number of new rules related to the solvency of both insurers and reinsurers in 2005.The EC’s “Solvency 2” initiative aims to...
Aug 17 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of Alliance International Reinsurance Company (Alliance Re), based in Limassol, Cyprus, with a stable...
Aug 12 2004 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Oil Casualty Insurance Ltd. (OCIL) to ‘A-‘ from ‘A’, while...
Aug 9 2004 // Endurance Specialty Holdings Ltd., headquartered in Bermuda, announced it has entered into a three-year $850 million revolving credit and letter of credit facility with a consortium of leading financial institutions. The...
Aug 9 2004 // According to a report by A.M. Best Company, improved reported results for 2003 and the first quarter of 2004, stable equity markets, marginal increases in bond yields and raising of some fresh capital after two years of...
Aug 6 2004 // Bermuda-based XL Capital Ltd. announced the appointment of Susan L. Cross as chief actuarial officer – Non-Life Reinsurance, for XL’s reinsurance operations.Cross, who is also chief actuary for XL Re Ltd., will...
Aug 6 2004 // American Re Corp. announced another quarter of earnings and continued surplus growth.The company reported second quarter GAAP net income of $106.0 million, compared to $122.1 million in the second quarter of 2003. At June...
Aug 3 2004 // CNA Surety Corporation has reported net income for the second quarter of 2004 of $10.2 million, or $0.24 per share, compared to net income of $11.7 million, or $0.27 per share, for the same period in 2003. The decrease in...
Jul 29 2004 // Bank holding companies (BHCs) reported insurance or reinsurance income of $25.1 billion in 2003, according to Michael White’s Bank Holding Company Insurance & Investment Fee Income Report (BHC-FIR) published by...