All the headlines from our Reinsurance Topic Page, ordered by recency.
Dec 6 2002 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Employers Reinsurance Corp. and its wholly owned subsidiaries (collectively referred to as ERC) to ‘AA-‘ from...
Dec 6 2002 // A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) of Swiss Reinsurance Company (Swiss Re) and its core subsidiaries with a negative outlook.At the same time, however, the rating agency announced...
Dec 3 2002 // Standard & Poor’s announced that it has affirmed its ‘A’ counterparty credit and financial strength ratings on Inter-Ocean Reinsurance Co. Ltd. with a stable outlook. S&P indicated it took the...
Nov 29 2002 // A recent draft statement by the accounting profession on risk-transfer features of certain forms of quota-share reinsurance was the target of a protest by the Accounting Committee of the National Association of Mutual...
Nov 28 2002 // Munich Re reported that its net profit for the first nine months of 2002 reached 3.24 billion Euros ($3.2 billion) despite a net loss of 859 million Euros ($847 million) in the third quarter.The company noted that the...
Nov 27 2002 // Insurance Services Office, Inc. (ISO) has complemented ISO Employers AdvantageSM employment-practices liability (EPL) program through a marketing relationship with FairBoss Underwriters, Inc. (FBU), which provides...
Nov 26 2002 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on American Re-Insurance Co. and American Alternative Insurance Corp. (together American...
Nov 26 2002 // Moody’s Investors Service announced that it has downgraded to A2, from A1, the insurance financial strength rating (IFSR) of Converium AG and its U.S. and German subsidiaries-Converium Reinsurance (North America)...
Nov 25 2002 // W. R. Berkley Corporation has closed its previously announced public offering of 4,715,000 shares of common stock.The number of shares sold includes 615,000 shares sold pursuant to the exercise of the underwriters’...
Nov 25 2002 // A.M. Best announced that it has lowered the financial strength rating of French reinsurer SCOR and its subsidiaries from A (Excellent) to A- (Excellent), and will keep all of the group’s ratings under review with...
Nov 25 2002 // Asbestos, the weak equity markets and Sept. 11 have indirectly claimed another victim. Gerling-Konzern Globale Ruckversicherungs—AG (GKG), the reinsurance arm of Germany’s Gerling Group, announced at the end of...
Nov 25 2002 // Since the book-cooking scandals that undid Enron, Worldcom and other concerns surfaced in recent months, insurers have ratcheted up their already growing scrutiny of corporate clients, resulting in higher premiums and...
Nov 25 2002 // Asbestos, the weak equity markets and Sept. 11 have indirectly claimed another victim. Gerling-Konzern Globale Ruckversicherungs—AG (GKG), the reinsurance arm of Germany’s Gerling Group, announced at the end of...
Nov 25 2002 // Since the book-cooking scandals that undid Enron, Worldcom and other concerns surfaced in recent months, insurers have ratcheted up their already growing scrutiny of corporate clients, resulting in higher premiums and...
Nov 22 2002 // The Senate’s recent approval of H.R. 3210, the Terrorism Risk Insurance Act of 2002, puts the bill on the desk of President Bush, who is expected to sign the legislation Dec. 2.The new legislation creates a...
Nov 22 2002 // XL Capital Ltd. announced that it has appointed Robert L. Nason as Group Risk and Underwriting Officer of XL Re, the Company’s global property and casualty reinsurance operation.He formerly served as Executive VP and...
Nov 22 2002 // inreon, the Internet-based reinsurance trading platform announced that German broker Koenig & Reeker has become its 100th member. The company joins 81 other cedants and brokers from 17 countries across Asia, North...
Nov 22 2002 // Fitch Ratings commented that while the passage of a much anticipated terrorism insurance bill is overall a favorable development for the U.S. economy, and benefits the insurance industry, the passage of the bill will...
Nov 21 2002 // Ohio-based Hartville Group, Inc., a leader in the pet health, equine and farm and ranch market, announced that the financial results for its nine months ended September 30, produced gross underwriting revenues of $662,183...
Nov 20 2002 // The American Arbitration Association (AAA) announced the introduction of new supplementary rules designed to guide arbitration procedures in reinsurance disputes and streamline the umpire selection process.Recognizing the...