All the headlines from our Reinsurance Topic Page, ordered by recency.
Jul 30 2003 // Endurance Specialty Holdings Ltd. reported second quarter 2003 net income of $66.8 million or $0.99 per diluted share versus net income of $31.3 million or $0.52 per diluted share in the second quarter of 2002. In the...
Jul 29 2003 // Standard & Poor’s Ratings Services said it lowered its long-term counterparty credit and insurer financial strength ratings on Zurich-based global reinsurer Swiss Reinsurance Co. and related core subsidiaries of...
Jul 23 2003 // Lloyd’s of London chairman Lord Levene will file a submission soon seeking approval to establish an on-shore reinsurance branch in China. Having an on-shore presence would allow Lloyd’s to reinsure local...
Jul 8 2003 // Folksamerica Reinsurance Company announced that Susan Woods joined the company as senior vice president Corporate Development. Woods most recently was vice president, Corporate Development at OneBeacon Insurance Company....
Jul 8 2003 // London’s Goshawk Insurance, a specialty insurer and reinsurer, which manages Lloyd’s Syndicate 102, warned that it may not meet profit forecasts for the year due to adverse developments. The news not only sent...
Jul 7 2003 // A.M. Best Co. placed the financial strength rating of “A-“(Excellent) of the Atlantic Mutual Cos. under review with negative implications. Concurrently, the “bbb” debt rating of Atlantic Mutual...
Jul 2 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of Bermuda-based Goshawk Reinsurance Limited with a stable outlook.“The rating affirmation reflects the company’s...
Jul 2 2003 // A.M. Best Co. has assigned a financial strength rating of A (Excellent) to Underwriters Reinsurance Company (URC) (New Hampshire), soon to be renamed RSUI Indemnity Company. The rating outlook is stable.The rating action...
Jun 30 2003 // Lumbermens Mutual Casualty Co., flagship of Long Grove, Ill.-based Kemper Insurance Cos., today announced that it and two Berkshire Hathaway Inc. affiliates, National Indemnity Co. and National Fire & Marine Insurance...
Jun 30 2003 // A.M. Best Co. has downgraded the financial strength ratings to “A” (Excellent) from “A+” (Superior) of Overland Park, Kan.-based Employers Reinsurance Corp. and its affiliated domestic and...
Jun 25 2003 // Germany’s Gerling Group announced that the Hessen Higher Administrative Court in Kassel has dismissed an appeal by BaFin, the German financial supervisory authority, from an earlier decision by the Frankfurt...
Jun 24 2003 // A.M. Best Co. announced that it has affirmed the ‘A’ (Excellent) financial strength rating of Caisse Centrale de Reassurance (CCR), a Paris based reinsurer, with a “positive” outlook.“The...
Jun 23 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A+ (Superior) of the Bermuda-based Everest Re Group, Ltd’s core reinsurance and insurance subsidiaries.Best also said it had...
Jun 23 2003 // NEW YORK – Two years into the hardest market in decades, the insurance business is still paying the price for the “irrational exuberance” of its recent years, in the words of Robert Partridge, a Managing...
Jun 23 2003 // Two years into the hardest market in decades, the insurance business is still paying the price for the “irrational exuberance” of its recent years, in the words of Robert Partridge, a managing director at...
Jun 23 2003 // Is the glass half-full, or half-empty?The classic example of identical facts dictating opposite conclusions, depending on whether you’re an optimist or a pessimist, defines the current picture in the reinsurance...
Jun 19 2003 // A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) of Folksamerica Reinsurance Company (New York). The rating outlook is stable. The rating reflects Folksamerica’s increased...
Jun 18 2003 // Moody’s Investors Service has assigned an A3 (“Good”) insurance financial strength rating to Montpelier Reinsurance Ltd., the Bermuda-based property catastrophe and specialty property reinsurance company,...
Jun 17 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A++ (Superior) of Japan’s Tokio Marine and Fire Insurance Company Ltd., (TMF), and, in a separate announcement, also affirmed the same...
Jun 13 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A++’ (Superior) of Koelnische Rueckversicherungs-AG (Cologne Re) and its core subsidiaries, with a stable outlook. The affirmation...