All the headlines from our Reinsurance Topic Page, ordered by recency.
Apr 29 2003 // eReinsure(TM), a provider of e-commerce technology for negotiating reinsurance, announced the appointment of James Low as Director of Business Development, responsible for developing the company’s client base with...
Apr 21 2003 // The ‘elephantine mass of asbestos cases’ lodged in state and federal courts, we again recognize, ‘defies customary judicial administration and calls for national legislation,'” wrote Justice Ruth...
Apr 21 2003 // Swiss Re’s CEO said recently that with combined ratios steadily improving and growth opportunities continuing to emerge, prospects look positive for the Property/ Casualty reinsurance market. John Coomber joined...
Apr 21 2003 // The ‘elephantine mass of asbestos cases lodged in state and federal courts, we again recognize, ‘defies customary judicial administration and calls for national legislation,'” wrote Justice Ruth Bader...
Apr 18 2003 // The property/casualty industry reported a statutory rate of return of 1.0 percent in 2002, up from the worst-ever negative 2.4 percent recorded in 2001. The results were released by the Insurance Services Office, Inc....
Apr 17 2003 // The local subsidiaries of global reinsurer Swiss Re announced a change of name of its local reinsurance units. The change reflects Swiss Re’s growing Africa-wide involvement and its strategic aim of becoming the...
Apr 17 2003 // The property/casualty insurance industry reported a statutory rate of return of 1.0 percent in 2002, up from the worst-ever negative 2.4 percent recorded in 2001. The results were released by the Insurance Services Office,...
Apr 16 2003 // Standard & Poor’s has affirmed its ‘AA’ financial strength rating on Top Layer Reinsurance Ltd. (Top Layer), a Bermuda-based reinsurer of risk-remote property catastrophe exposure, based on support...
Apr 16 2003 // American Safety Insurance Group, Ltd. announced results for the fourth quarter and full year ended Dec. 31, 2002.Total revenues for the fourth quarter of 2002 decreased 35 percent to $29.7 million compared to the same...
Apr 15 2003 // Trenwick Group Ltd. will cease underwriting reinsurance business under its previously announced underwriting facility with Chubb Re, Inc., a subsidiary of The Chubb Corporation. The underwriting facility, which began in...
Apr 11 2003 // The current U.S. regulation system must change to accept Lloyd’s as a loyal partner rather than reinsurance aliens, the Chairman of Lloyd’s of London told journalists in Washington, D.C. recently.Speaking to...
Apr 10 2003 // Swiss Re’s CEO said Wednesday that with combined ratios steadily improving and growth opportunities continuing to emerge, prospects look positive for the property & casualty reinsurance market.John Coomber...
Apr 10 2003 // A.M. Best Co. announced that it has assigned an indicative “aa” rating to the forthcoming subordinated bonds to be issued by Munich Re Finance B.V., based in the Netherlands, and guaranteed by Munich...
Apr 2 2003 // inreon, the online reinsurance platform founded by Munich Re and Swiss Re in 2000, announced a further expansion of its operations in Asia with both Korean Re and China International Re, two of the region’s leading...
Apr 2 2003 // The Enstar Group Inc. of Montgomery, Ala., announced its partially owned equity affiliate, Castlewood Holdings Limited (Castlewood Holding”), and Shinsei Bank, Limited (Shinsei) have completed the acquisition of The...
Apr 1 2003 // France’s Scor Group, the world’s seventh largest reinsurer, registered a net loss of 455 million Euros ($496 million) for the year 2002; 55 million Euros ($60 million) more than it had said it expected in...
Apr 1 2003 // Platinum Underwriters Holdings, Ltd. announced that Justin Cressall has been appointed as Treasurer. He was formerly with KPMG LLP, where he held various positions serving the firm’s insurance, reinsurance and...
Apr 1 2003 // Asbestos exposure foreshadows a growing rift between insurers and the reinsurance companies that back them, according to a new report by Standard & Poor’s.“Disputes between insurers and reinsurers appear...
Mar 31 2003 // The Illinois CPA Society’s 2003 Reinsurance Conference, a half-day event April 23 at the Illinois Department of Insurance in Chicago, will address best practices and current issues arising in the reinsurance...
Mar 31 2003 // eReinsure.com Inc. announced an agreement with Fireman’s Fund Insurance Co. that will result in the insurer moving to eReinsure’s technology platform for the purchase of its facultative reinsurance. This...