All the headlines from our Reinsurance Topic Page, ordered by recency.
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...
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...
Nov 28 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Bermuda-based Attorneys’ Liability Assurance Society Ltd. (ALAS) and...
Nov 26 2003 // Actuaries reportedly face difficult challenges in accurately pricing commercial property insurance coverage under the Terrorism Risk Insurance Act of 2002 (TRIA), the temporary federal financial backstop for insuring...
Nov 26 2003 // Standard & Poor’s has affirmed its ‘BBBpi’ counterparty credit and financial strength ratings on Maine Employers Mutual Insurance Co. The ratings reflect its extremely strong capitalization, strong...
Nov 26 2003 // A.M. Best Co. announced that it has downgraded the financial strength ratings to ‘A-‘ (Excellent) from ‘A’ (Excellent) of Bermuda-based Centre Solutions (Bermuda) Limited and its operating...
Nov 26 2003 // Munich Re reported 152 million euros ($180 million) net income for the third quarter, compared to a loss of 859 million euros ($1.02 billion) in the same period of 2002, but the world’s biggest reinsurer also...
Nov 25 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and senior debt ratings on PMA Capital Corp. (PMACA) to ‘B’ from ‘BB-.’ It also said it has...
Nov 24 2003 // John B. Collins Associates, one of the world’s reinsurance intermediaries, announced the addition of two senior property/ casualty reinsurance brokers, Chris Ruyak and Andrew Petersen, to the firm’s San...
Nov 21 2003 // The ACORD Awards will be given out at the ACORD LOMA Insurance Systems Forum, May 23-25, 2004 in Las Vegas, and the Awards will reportedly focus on outstanding achievements for implementations that highlight business...
Nov 20 2003 // Guy Carpenter & Company, Inc. announced the development of a proprietary analytical tool in response to insurance companies’ growing use of quota shares and surplus/trust preferred notes to manage their capital...
Nov 20 2003 // France’s SCOR Group announced that Henry Klecan Jr. has been appointed President & CEO of SCOR US at a Board of Directors’ meeting held on November 18, 2003. The company also took issue with...
Nov 19 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating of Paris-based AXA Re and its core subsidiaries to A- (Excellent) from A (Excellent).The companies affected are: AXA Corporate Solutions...
Nov 18 2003 // General Re, a subsidiary of Berkshire Hathaway Inc., announced that the China Insurance Regulatory Commission (CIRC) has invited the company to apply for a national reinsurance license to conduct both life and...