All the headlines from our Reinsurance Topic Page, ordered by recency.
Mar 22 2004 // Two years later, fate of the historic act remains unknownIf a camel is a “horse made by a committee” then the Terrorism Risk Insurance Act (TRIA), passed by Congress in November 2002, is a law made by several...
Mar 22 2004 // The Property Casualty Insurers Association of America issued a bulletin applauding the decision by the Reinsurance Task Force of the National Association of Insurance Commissioners to table consideration of an approved...
Mar 22 2004 // Massachusetts officials, searching for ways to ease a homeowners insurance availability crisis on Cape Cod and other coastal areas, are researching how Florida dealt with its insurance difficulties 10 years ago when it set...
Mar 18 2004 // Munich Re announced that 2003 resulted in its first net loss since 1906, the year of the San Francisco earthquake. The world’s largest reinsurer lost 434 million euros ($533 million) last year, but said that the...
Mar 17 2004 // Standard & Poor’s has affirmed its ‘AA’ counterparty and financial strength ratings on Top Layer Reinsurance Ltd. The outlook is stable.Top Layer Re is a 50%/50% joint venture between State Farm...
Mar 16 2004 // Bermuda-based Aspen Insurance Holdings announced that it has appointed Adrian Ballardie to the position of Chief Risk Officer. He will be based in London and will report to CEO Chris O’Kane.Ballardie, who brings...
Mar 15 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...
Mar 12 2004 // The issue of credit-based insurance scoring will once again reportedly be the subject of much discussion and attention during the spring meeting of the National Association of Insurance Commissioners (NAIC) in New York,...
Mar 11 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 next month. The group said the conference will provide...
Mar 9 2004 // Bermuda-based Aspen Insurance Holdings announced the addition of five property reinsurance specialists to Aspen Re America, its recently formed property reinsurance team located in Rocky Hill, Conn.Brian Boornazian, who is...
Mar 9 2004 // Bradley Wilson, president of Florida-based North American Liability Group, announced that the company has successfully negotiated a Re-insurance Agreement on an 80 percent quota share basis, with a Best A-Rated...
Mar 9 2004 // Los Angeles-based SCPIE Holdings Inc., a provider of healthcare liability insurance, reported results for its fourth quarter and full year ended Dec. 31, 2003. The company also announced that its Board of Directors has...
Mar 8 2004 // As Costello famously asked Abbott, “Who’s on first?”A new report released by leading independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent...
Mar 8 2004 // Although I’ve been around the specialty industry for more years than I care to reveal and now have seen multiple hard and soft markets, I’m confused.Why such confusion? After reading tea leaves, consulting the...
Mar 8 2004 // Although I’ve been around the specialty industry for more years than I care to reveal (this information is in poor taste, akin to discussing a woman’s age), and now have seen multiple hard and soft markets,...
Mar 8 2004 // Surplus lines company executives and wholesalers at NAPSLO responded uniformly with broad smiles when asked about their 2003 results.Although I’ve been around the specialty industry for more years than I care to...
Mar 8 2004 // A.M. Best Co. has commented that the financial strength rating of A+ (Superior) of American Re-Insurance Company and its direct subsidiaries, collectively American Re Corporation Group (American Re) (Princeton, N.J.), are...
Feb 27 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of the reinsurance subsidiaries of Bermuda-based Platinum Underwriters Holdings, Ltd. It also affirmed the...
Feb 27 2004 // Acordia RE announced today that Jason Witthun has joined the organization as an Account Executive in Lawrenceville, N.J.Most recently, Witthun worked for American E&S, Acordia’s excess and surplus lines...
Feb 27 2004 // Acordia RE announced today that Robert F. McGarry has joined the organization as Senior Vice President. Mr. McGarry is responsible for reinsurance production and management of the Dallas, Texas office of Acordia RE.Most...