All the headlines from our Reinsurance Topic Page, ordered by recency.
Dec 23 2003 // Fortress Re, a No. Carolina-based reinsurance company, which collapsed following Sept. 11 related losses, has reportedly been ordered to pay Japan’s Sompo Insurance Co. $1.12 billion. According to a report in the...
Dec 17 2003 // A.M. Best Co. announced that it has affirmed its A+ (Superior) financial strength ratings of the Bermuda-based IPCRe Group and its affiliated companies, with a stable outlook.“The rating reflects IPCRe’s...
Dec 16 2003 // American Re-Insurance Company announced that Carol Pierce has been appointed vice president and client market analyst in the company’s Client Analysis and Advisory Services (CAAS) unit of Corporate Marketing. In this...
Dec 16 2003 // A.M. Best has issued a report commenting on the Bermuda insurance and reinsurance market. It notes that the 15 largest companies based on the island generated $28.6 billion in net premiums written and underwriting income...
Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...
Dec 15 2003 // Except for the future of insurance regulation, there was surprising unanimity on leading issues facing the property and casualty insurance industry among both panelists and guests at the Fifteenth Annual Executive...
Dec 11 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A-‘ (Excellent) of Gerling-Konzern Allgemeine Versicherungs-Aktiengesellschaft (GKA) (Cologne) and its core subsidiary, Gerling...
Dec 10 2003 // All four rating agencies registered a generally positive response to the announcement that Bermuda-based White Mountains (WTM) would acquire the Sirius International Insurance group from its parent, ABB Ltd., the...
Dec 10 2003 // The National Association of Independent Insurers (NAII) raised concerns about the ability to enforce judgments in foreign countries for reinsurance collateral reduction, as discussed by the National Association of...
Dec 9 2003 // Bermuda-based White Mountains Insurance Group, Ltd. announced that it has entered into a definitive agreement with ABB Ltd. of Switzerland to acquire the Swedish-based Sirius Insurance Group for 3.22 billion SKr. ($437...
Dec 5 2003 // Odyssey Re Holdings Corp announced that it has completed its previously announced capital contribution of $165 million to its main underwriting subsidiary, Odyssey America Reinsurance Corporation (OARC). “The...
Dec 4 2003 // A.M. Best Co. announced the introduction of “a new subscription-based reinsurance information service called Best’s Reinsurance Center – Premium Data & Reports, a database of the latest Best’s...
Dec 3 2003 // Philadelphia-based PMA Capital Corp. announced that its subsidiary, PMA Capital Insurance Company (PMA Re), has executed a definitive agreement with Imagine Insurance Company Limited, to sell the renewal rights to its...
Dec 1 2003 // A.M. Best Co. affirmed the financial strength ratings of Odyssey Reinsurance Group based in Wilmington, Del., of an “A” (excellent). In addition, the financial strength rating of “A” (excellent) was...
Dec 1 2003 // A.M. Best Co. has affirmed the financial strength ratings of Odyssey Reinsurance Group based in Wilmington, Del., of an “A” (excellent). In addition, Best has assigned the financial strength rating of...
Dec 1 2003 // For the past several years, the reinsurance market has recorded some of the worst results ever. A decline in capacity and exposures to costly losses industry-wide have produced less than desirable profitability results...
Dec 1 2003 // Nov. 6 marked an important point in time for America’s property and casualty insurers. It was the halfway point between the Sept. 11, 2001, terrorist attacks and Dec. 31, 2005, the date that the Terrorism Risk...
Dec 1 2003 // Over the past several years, launching new insurance programs—both from the perspective of potential producers (MGAs, retail agent groups, and wholesalers) and the specialty insurance carriers—has been difficult. The...
Dec 1 2003 // For the past several years, the reinsurance market has recorded some of the worst results ever. A decline in capacity and exposures to costly losses industry-wide have produced less than desirable profitability results...
Dec 1 2003 // Over the past several years, launching new insurance programs—both from the perspective of potential producers, such as MGAs, retail agent groups and wholesalers, and the specialty insurance carriers—has been...