All the headlines from our Reinsurance Topic Page, ordered by recency.
Nov 17 2003 // A.M. Best Co. announced that it has affirmed the ‘A’ (Excellent) financial strength rating of ACE Europe’s Belgian subsidiary, ACE Insurance S.A. – NV, with a stable outlook.“The rating...
Nov 14 2003 // U.S.-based insurers’ reinsurance credit exposures have increased significantly during a period in which the credit quality of the reinsurance industry has deteriorated, according to a new research report published by...
Nov 13 2003 // SCPIE Holdings Inc., a provider of healthcare liability insurance, reported results for its third quarter and nine months ended Sept. 30, 2003.For the 2003 third quarter, SCPIE reported a net loss of $14.8 million, or...
Nov 12 2003 // Moody’s Investors Service said in a statement that it does not expect its ratings or outlook on the U.S. personal lines insurance sector as a whole to be impacted solely by the recent spate of California...
Nov 10 2003 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of Odyssey Reinsurance Group (Wilmington, Del.).In addition, A.M. Best has assigned the financial strength rating of A (Excellent) to Hudson...
Nov 7 2003 // France’s SCOR Group, the world’s seventh largest reinsurer, announced a nine-month loss of 349 million euros ($400 million), prompting both A.M. Best and Moody’s to place their ratings on the company and...
Nov 7 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of Korean Reinsurance Company (KRIC) with a stable outlook.“The rating reflects the company’s significant improvement...
Nov 6 2003 // Another of Bermuda’s newer insurers, AXIS Capital, has reported excellent third quarter results. The company announced that its net income for the period rose to $147 million, or $0.90 per diluted share, compared to...
Nov 6 2003 // Following its preliminary announcement last September, London-based ri3k, the leading provider of computer-based data processing and accounting for the reinsurance industry, announced the launch of Version 2.0 of its...
Nov 6 2003 // Des Moines, Iowa-based carrier EMC Insurance Group Inc. reported operating income of 49 cents per share for the third quarter ended Sept. 30, 2003, compared to 46 cents per share for the third quarter of 2002.Operating...
Nov 5 2003 // CATEX announced that MGU Savannah Reinsurance Underwriting Management, LLC, a member of the Georgia-based Palmer & Cay group of companies, has agreed to license a CATEX web-based Reinsurance Transaction System based...
Nov 5 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating to ‘A-‘ (Excellent) from ‘A’ (Excellent) of Clarendon Insurance Group of Wilmington, Del. and its P/C affiliates. The...
Nov 3 2003 // Texas-based Underwriters MGA (UMGA), a Texas- based corporation with offices in Hidalgo County, announced it has filed a court petition to reclaim millions of dollars in revenues the company said it lost as a result of...
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
Nov 3 2003 // Where do you go to see a best-selling business author, a folksy economist, wisecracking political pundits, a college football star turned ex-Congressman and a bona fide American military hero? The National Association of...
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
Nov 3 2003 // Since 1946, Dallas-based Old American County Mutual Fire Insurance Co. has stayed true to a simple business philosophy: Provide reasonably priced insurance on a reasonable payment schedule for difficult risks. Much has...
Nov 3 2003 // Where do you go to see a best-selling business author, a folksy economist, wisecracking political pundits, a college football star turned ex-Congressman and a bona fide American military hero? The National Association of...
Oct 31 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating of Hannover Rueckversicherung AG (Hannover Re) and its core subsidiaries to A (excellent) from A+ (superior). It also downgraded the financial...
Oct 28 2003 // Swiss-based Converium Holding Ltd. reported third quarter net income of $44.3 million on net premiums written of $887.4 million, beating analysts’ forecasts, and reversing the $5.6 million loss it reported during the...