All the headlines from our Reinsurance Topic Page, ordered by recency.
Apr 19 2004 // In just 20 years, Arrowhead General Insurance Agency Inc. has grown from a small general agency specializing in nonstandard automobile business in California, to one of the nation’s largest privately held general...
Apr 16 2004 // Standard & Poor’s has recently enhanced its criteria for evaluating the loss reserves of global reinsurance groups and certain non-U.S. insurance groups writing casualty business, according to a recently...
Apr 15 2004 // The ratings outlook for the global reinsurance market remains negative, despite an expectation that the market’s 2003 reported financial year-end results will return it to overall underwriting profitability for the...
Apr 15 2004 // The private insurance industry for workers’ compensation would not have enough capital to withstand potential losses on its own should a catastrophic terrorism event, or multiple events, occur, according to the...
Apr 15 2004 // SCOR Group Chairman Denis Kessler announced in Beijing that the Group has submitted an application to the China Insurance Regulatory Commission (CIRC) for a reinsurance license to reinforce and develop its non-life...
Apr 14 2004 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of the OneBeacon Insurance Group (Boston, Mass.) and Folksamerica Reinsurance Company (New York, N.Y.).OneBeacon’s rating is based on its...
Apr 7 2004 // Bermuda-based Arch Capital Group Ltd. announced that Paul Ingrey, Chairman and CEO of reinsurance operations, has been appointed Vice Chairman of the Company through October 2007.“Mr. Ingrey came out of retirement in...
Apr 5 2004 // Independent agents are up in arms over the federal government’s decision to expand a pilot program they say threatens to cut them out of the crop insurance loop.The Risk Management Agency (RMA), the U.S. Department...
Apr 5 2004 // The Illinois CPA Society will hold a conference on regulatory issues related to reinsurance, including the latest cases, rulings and legislative issues, in Chicago in April. The group said the conference will provide...
Apr 5 2004 // Independent agents are up in arms over the federal government’s decision to expand a pilot program they say threatens to cut them out of the crop insurance loop.The Risk Management Agency (RMA), the U.S. Department...
Apr 5 2004 // Alabama-based Vesta Insurance Group Inc. reported results for its fourth quarter and full year ended Dec. 31, 2003 that included a $118.8 million charge—$28.9 million cash and $89.9 million non-cash—to write-off...
Apr 5 2004 // Independent agents are up in arms over the federal government’s decision to expand a pilot program they say threatens to cut them out of the crop insurance loop.The Risk Management Agency (RMA), the U.S. Department...
Apr 5 2004 // A recently released Swiss Re Sigma study has concluded that as the complexity of risk increases brokers face a greater demand for their services.The report entitled ‘Commercial insurance and reinsurance brokerage...
Apr 5 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Top Layer Reinsurance Ltd. (Bermuda) with a stable outlook.“The rating reflects the substantial amount of...
Apr 5 2004 // Jim Henderson, president and COO of Brown & Brown Inc. and Frank See, president of Brown & Brown Re Inc., announced that James Kilduff has joined Brown & Brown Re and will be responsible for the...
Apr 1 2004 // France’s SCOR Group posted a net loss of 314 million euros ($384 million) for 2003, a distinct improvement over the 455 million euros ($556 million) loss the group reported in 2002.In addition the company reported...
Mar 30 2004 // Germany’s Hannover Re Group joined Swiss Re and General Re in reporting a very successful 2003. The world’s fourth largest reinsurer posted net income of 354.8 million euros ($43I million) compared to 267.2...
Mar 23 2004 // Alea Group Holdings (Bermuda) Ltd., a global reinsurance and specialty insurance company, has named Mark L. Ricciardelli as Group President and Chief Operating Officer, effective immediately.As President and COO, he will...
Mar 23 2004 // Lloyd’s runoff vehicle Equitas and Travelers Property Casualty have reached a comprehensive settlement of policies existing between Travelers and the Lloyd’s underwriters who are reinsured by Equitas.Equitas...
Mar 22 2004 // Michigan, the only state that offers unlimited lifetime medical benefits for people catastrophically injured in car crashes, said it will raise by $27 the premium included in consumers’ auto insurance bills,...