All the headlines from our Reinsurance Topic Page, ordered by recency.
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,...
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...