All the headlines from our Reinsurance Topic Page, ordered by recency.
Feb 26 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of the reinsurance subsidiaries of Inter-Ocean Holdings Ltd. (Inter-Ocean) (Bermuda). The rating applies to...
Feb 23 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
Feb 23 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
Feb 20 2004 // Houston-based HCC Insurance Holdings Inc. reported results for the fourth quarter and for the full year that ended Dec. 31, 2003.Net earnings for the fourth quarter 2003 increased significantly to $50.5 million, or $0.77...
Feb 20 2004 // A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) to the London-based company of the Steamship Mutual Underwriting Association Limited, with a negative...
Feb 20 2004 // Everest Re Group Ltd. announced that its Board of Directors declared a dividend of $0.10 per share payable on or before March 19, 2004 to all shareholders of record as of March 1, 2004. Everest Re Group Ltd. is a Bermuda...
Feb 18 2004 // Bermuda-based Arch Capital Group Ltd. reported that its net income for the 2003 fourth quarter was $83.7 million, or $1.22 per share, compared to $43.5 million, or $0.65 per share, for the 2002 fourth quarter. Net income...
Feb 17 2004 // A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) to Taiwan’s Central Reinsurance Corporation with a stable outlook.“The rating reflects the...
Feb 16 2004 // CNA Surety Corporation reported net income for the fourth quarter of 2003 of $10.6 million, or $0.25 per share, compared to net income of $4.0 million, or $0.09 per share, for the same period in 2002. The fourth quarter...
Feb 16 2004 // RenaissanceRe Holdings Ltd., Koch Financial Corporation, Partner Re Ltd. and MBIA Inc. have joined forces to create Channel Reinsurance Ltd., a new financial guarantee reinsurer based in Bermuda. The company immediately...
Feb 16 2004 // The Navigators Group, Inc. announced that it expects to record a net pre-tax charge of approximately $31.6 million for incurred losses related to asbestos exposures, after expected reinsurance recoveries million of...
Feb 13 2004 // French reinsurer SCOR Group announced a 26 percent drop in premium income for 2003 to 3.691 billion euros ($4.735 billion), compared to 5.016 billion ($6.435 billion) in 2002, following its decision to exit unprofitable...
Feb 12 2004 // Benfield, a leading independent reinsurance intermediary, announced an agreement with eReinsure.com Inc. to use the company’s technology platform to assist certain ceding companies manage the purchase of facultative...
Feb 9 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
Feb 9 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
Feb 9 2004 // Fitch Ratings assigned a “BBB” long-term rating to RLI Corp. (RLI) and a “BBB” rating to RLI’s 5.95 percent senior unsecured notes due in 2014. In addition, Fitch assigned “A”...
Feb 6 2004 // CATEX announced that New Jersey-based reinsurance intermediary, JLT Re Solutions, Inc., a member of the Jardine Lloyd Thompson Group, has agreed to license a web-based Reinsurance Transaction System based on the CATEX...
Feb 3 2004 // According to a new report from Standard & Poor’s Ratings Services, “reinsurance companies are trailing U.S. insurers in their recognition of inadequate reserves, and as their backing turns to bad debt,...
Jan 29 2004 // A.M. Best Co. announced that it has assigned initial financial strength ratings of “A-” (Excellent) to Quanta Specialty Lines Insurance Company of Indianapolis, Ind. and Quanta Indemnity Company of Denver,...
Jan 28 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A++” (Superior) and assigned a negative outlook to the reinsurance subsidiaries of Transatlantic Holdings, Inc. American...