All the headlines from our Reinsurance Topic Page, ordered by recency.
Oct 28 2003 // Bermuda’s RenaissanceRe Holdings Ltd. announced the appointment of Robert J. Lamendola as Senior Vice President to lead the continued development of its surety reinsurance business, and James R. Lewis as Vice...
Oct 27 2003 // Speaking to the New York Risk Insurance Management Society on Friday, Lloyd’s Chairman, Lord Peter Levene, stressed the role insurance plays in business, calling it “the oil in the engine of the economy,...
Oct 27 2003 // Willis Group Holdings, the world’s third largest insurance broker, announced that it has agreed to acquire Ital Re SpA, a major Italian reinsurance broker. The bulletin described Ital Re as “a leader in...
Oct 23 2003 // New York-based Folksamerica Reinsurance Co. announce that it has hired 22 former employees of CNA Reinsurance to staff its newly formed Chicago office. Folksamerica recently acquired the renewal rights to CNA Re’s...
Oct 22 2003 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Goshawk Reinsurance Limited (Goshawk Re), Bermuda, and removed the rating from under review.This follows detailed discussions with the Goshawk...
Oct 22 2003 // Assurex Global, the Columbus, Ohio-based risk management and commercial insurance brokerage group, announced the formation of Assurex Global Reinsurance, Ltd., a captive insurance company, located in Bermuda, which it has...
Oct 22 2003 // Moody’s Investors Service announced that it has confirmed the ratings of XL Capital “(A1 senior unsecured debt) and supported debt-issuing affiliates, as well as the Aa2 insurance financial strength ratings of...
Oct 21 2003 // A.M. Best Company has affirmed the A+ (Superior) rating of American Re-Insurance Company and its affiliates, American Alternative Insurance Corporation (AAIC) and Princeton Excess & Surplus Lines Insurance Company....
Oct 21 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of Singapore Reinsurance Corporation Ltd. with a stable outlook.“The rating reflects Singapore Reinsurance’s superior...
Oct 20 2003 // Insurers must begin planning now for the expiration of a federal terrorism insurance backstop program, even though there’s no guarantee that reinsurance will be available if the federal backstop is allowed to expire...
Oct 17 2003 // Standard & Poor’s has issued new reports on the Latin American insurance industry, which concludes that the market, while still in a “developing stage,” has strong growth prospects.As far as the...
Oct 15 2003 // W. R. Berkley Corporation announced the formation of Berkley Risk Solutions, Inc., a new underwriting management company.Berkley Risk Solutions, Inc. will provide insurance and reinsurance based financial solutions to...
Oct 15 2003 // A.M. Best Co. announced that it has, affirmed the financial strength rating of B++ (Very Good) of Tunisia’s BEST Reinsurance (BEST Re), reflecting the company’s “improved level of consolidated...
Oct 14 2003 // A.M. Best Co. announced that it has assigned an initial financial strength rating of B+ (Very Good) to New Zealand-based Tasman Pacific Insurance Limited, and called the outlook “stable.”“The rating...
Oct 10 2003 // Standard & Poor’s Ratings Services has issued a bulletin noting that its long-term ratings on French reinsurer SCOR and its subsidiaries—”including the ‘BBB+’ counterparty credit and insurer...
Oct 7 2003 // A.M. Best Co. has downgraded the financial strength rating of The Atlantic Mutual Companies (The Atlantic) (New York) to B++ (Very Good) from A- (Excellent).Concurrently, A.M. Best has downgraded the debt rating of...
Oct 6 2003 // A.M. Best Co. assigned a financial strength rating of “A” (excellent) to Oklahoma-based Landmark American Insurance Co. The rating outlook is stable. This rating action follows the close of the Sept. 2...
Oct 6 2003 // Chicago-based insurer CNA Financial Corp. announced that it agreed to sell the renewal rights for most of the treaty business of CNA Re, its assumed reinsurance business unit, to Folksamerica Reinsurance Co. Concurrently...
Oct 6 2003 // MBIA Inc., RenaissanceRe Holdings Ltd., Koch Financial Corporation and PartnerRe Ltd. announced that they are in discussions regarding the formation of a new Bermuda-based financial guaranty reinsurance company. The...
Sep 26 2003 // Overland Park, Kan.-based GE’s Employers Reinsurance Corporation (ERC) announced several new appointments.David Bassi is the new global risk and underwriting leader for ERC’s P/C reinsurance unit; Cora...