All the headlines from our Reinsurance Topic Page, ordered by recency.
May 17 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of Switzerland’s Infrassure Ltd. with a stable outlook.“The rating reflects the company’s...
May 17 2004 // The California Earthquake Authority’s (CEA) Governing Board took a historic step April 29 when it revised its financial structure for 2005 and obtained commitments from reinsurers to collateralize the first $300...
May 13 2004 // Despite higher insured catastrophe losses in the U.S. in 2003, companies writing property catastrophe reinsurance realized very strong operating performance, according to a report published by Standard & Poor’s...
May 12 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and financial strength ratings on Montpelier Reinsurance Ltd. and its ‘BBB’ counterparty...
May 12 2004 // A measure designed to increase the availability of homeowners insurance and improve Florida’s ability to recover financially from catastrophic hurricanes through improvements to Florida’s Hurricane Catastrophe...
May 10 2004 // The CPCU Society has issued the following announcement describing its “Back to Basics” reinsurance symposium scheduled to be held in Philadelphia on May 13.WHAT: The CPCU Society’s Reinsurance Section...
May 6 2004 // The Property Casualty Insurers Association of America (PCI) has urged the Commonwealth Automobile Reinsurers (CAR) Governing Committee, the board that oversees the high-risk auto insurance pool in Massachusetts, to...
May 5 2004 // RenaissanceRe, Bermuda’s premier property reinsurer, reported first quarter operating earnings of $137.8 million compared to $130.2 million in the first quarter of 2003.The company also gave the following additional...
May 5 2004 // Bermuda-based PartnerRe Ltd. announced that Thomas Renggli has been appointed to head the company’s Finite Reinsurance, Global unit. He will be based in Zurich, Switzerland and will be responsible for the production...
May 4 2004 // The California Earthquake Authority’s (CEA) Governing Board took a historic step April 29 when it revised its financial structure for 2005 and obtained commitments from reinsurers to collateralize the first $300...
May 4 2004 // Bermuda-based AXIS Capital Holdings Limited reported a 56 percent increase in net income for the quarter ended March 31, 2004 to $166.8 million, or $1.00 per diluted share, from $107.1 million, or $0.75 per diluted share,...
May 3 2004 // A.M. Best Co. announced the availability of “Best’s Statement File Supplement for Schedule F and Schedule S” on a single CD-ROM that contains both databases.“These databases include reinsurance data...
Apr 30 2004 // Swiss-based Converium reported its “best quarter operating income so far,” with $77.2 million, up 192.4 percent, and net earnings of $65.7 million, up 157.6 percent.Other highlights cited by the world’s...
Apr 29 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “AA-” counterparty credit and financial strength ratings to RGA International Reinsurance Co. Ltd. with a stable...
Apr 23 2004 // A.M. Best Co. announced that it has assigned a financial strength rating of “A” (Excellent) to TD Reinsurance (Barbados) Inc. with a stable outlook. “The rating reflects TD Re’s very strong and...
Apr 23 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ counterparty credit and financial strength ratings on IPCRe Ltd. and its ‘A+’ financial strength rating on IPCRe...
Apr 23 2004 // Standard & Poor’s Ratings Services announced the affirmation of its “AA” counterparty credit and financial strength ratings on Houston Casualty Co., Avemco Insurance Co. (Avemco), U.S. Specialty...
Apr 22 2004 // The nation’s terrorism insurance law is not necessary to ensure the availability of affordable terrorism coverage for most areas of the country and should be allowed to expire, according to a study released by the...
Apr 21 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of the Bermuda-based PartnerRe Group and its affiliated companies.Best also said it has assigned debt ratings of...
Apr 20 2004 // Bermuda-based White Mountains Insurance Group, Ltd. announced the formation of White Mountains Re Group, Ltd., a Bermuda-based holding company, and the appointment of Steven Fass as its President and CEO.White Mountains Re...