All the headlines from our Reinsurance Topic Page, ordered by recency.
Jun 11 2003 // The four property/casualty trade associations, joined by a workers’ compensation and a reinsurance association, have joined together to ask the National Association of Insurance Commissioners (NAIC) to reject any...
Jun 9 2003 // A.M. Best Co. has placed the financial strength rating of A- (Excellent) of the Atlantic Mutual Companies (The Atlantic) (New York) under review with negative implications.Concurrently, A.M. Best has placed the...
Jun 9 2003 // Every day, agents and brokers use financial strength ratings of insurers in their business. A carrier’s ratings may affect an agent’s ability to place risks with that insurer, or the client’s willingness...
Jun 9 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 9 2003 // Public risk managers said that price, increased self-insured retentions and coverage were the biggest challenges they face over the next year, according to a survey conducted recently by Munich-American RiskPartners, a...
Jun 9 2003 // “Amateur hour is over.” Those were the words of the Sullivan Group president Gerald J. Sullivan, addressing a roomful of industry executives recently at the 9th Annual Insuring the Children Forum....
Jun 6 2003 // Lloyd’s of London’s Franchise Performance Director, Rolf Tolle, announced that Jeremy Pinchin, previously Special Counsel for September 11th claims, will head a newly created department of Reinsurance and...
Jun 5 2003 // London-based ri3k, a leading provider of secure infrastructure for the global reinsurance industry, announced the sale of its Run Off Centre to legal/actuarial consultants James, Brennan & Associates.“The deal,...
May 30 2003 // In a report published this week Standard & Poor’s said that, “continued rate increases in the global reinsurance market have failed to stem the downward pressure on ratings and the market outlook remains...
May 28 2003 // Germany’s Hannover Re, the world’s fifth largest reinsurer, reported an operating profit of 109 million euros ($129 million) in the first quarter of 2003, compared to 174.4 million euros ($206.5 million) in the...
May 28 2003 // Benfield, a leading global reinsurance intermediary, announced the appointment of David Tritton as a senior vice president, concentrating on new business production from the company’s Philadelphia office. “My...
May 22 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A’ (Excellent) for the Bermuda-based PXRE Group Ltd.’s reinsurance subsidiaries, but has maintained its...
May 21 2003 // Swiss Re announced that it has published a timely new study, “Terrorism risks in property insurance and their insurability after 11 September 2001,” which it described as a “brochure aimed at identifying...
May 19 2003 // Every day, agents and brokers use financial strength ratings of insurers in their business. A carrier’s ratings may affect an agent’s ability to place risks with that insurer, or the client’s willingness...
May 16 2003 // The Hartford Financial Services Group Inc., has sold most of its property-casualty reinsurance business to Bermuda-based Endurance Specialty Holdings Ltd.The transaction includes the sale of renewal rights for existing...
May 14 2003 // Platinum Underwriters Holdings, Ltd.’s first full quarter of independent operation since its initial public offering last October got off to a good start. The company reported net income of $30.6 million, or $0.71...
May 13 2003 // Bermuda’s XL Capital Ltd announced that Mr. John Hume will relinquish his role as Chief Financial & Administrative Officer of XL Re Ltd. “to focus entirely on his responsibilities as Chief Financial...
May 12 2003 // The Hartford Financial Services Group, Inc. announced a series of actions and plans to strengthen its capital base, enhance earnings and advance its competitive position. The company also announced the completion of its...
May 7 2003 // inreon, the London-based electronic reinsurance trading platform, launched at the end of 2000 by Munich Re and Swiss Re, announced today that it was going out of business.“Since the launch of the platform, the volume...
May 6 2003 // Chicago-based CNA Surety Corp. reported that net income for the first quarter of 2003 was $9.6 million, or 22 cents per share, down 9 percent from a year ago’s $10.6 million, or 25 cents per share. This decrease...