All the headlines from our Reinsurance Topic Page, ordered by recency.
Oct 21 2002 // Reinsurers are set to meet with brokers and cedants next week in Baden-Baden, the German city famous for its spa, to discuss renewal terms, and the main subject is likely to be premium increases.The industry is now more...
Oct 16 2002 // If Congress adjourns without reaching a final agreement on terrorism reinsurance legislation, insurance markets for such coverage will continue to be plagued by availability and affordability issues, particularly for...
Oct 15 2002 // A.M. Best Co. announced that it has lowered the financial strength ratings to A+ (Superior) from A++ (Superior) of Employers Reinsurance Corporation (ERC) and its affiliated domestic and international non-life and life...
Oct 14 2002 // As more and more reinsurers become increasingly timorous in a hard market yet to peak, one of the most acutely affected business lines have been programs. Reinsurance capacity for many standard commercial lines has dropped...
Oct 14 2002 // As more and more reinsurers become increasingly timorous in a hard market yet to peak, one of the most acutely affected business lines has been programs. Reinsurance capacity for many standard commercial lines has dropped...
Oct 10 2002 // In a letter hand delivered to all terrorism reinsurance conferees, the National Association of Mutual Insurance Companies (NAMIC) and two other industry trade associations stated the critical nature of terrorism...
Oct 4 2002 // Standard & Poor’s announced yesterday that it has lowered its long-term counterparty credit and insurer financial strength ratings on Swiss Reinsurance Co. and related core subsidiaries of the Swiss Re group to...
Oct 4 2002 // Bermuda’s Endurance Specialty Insurance Ltd. announced the promotion of David V. Cabral to Executive VP for Excess Casualty and Professional Liability and that Ronald H. Koch has been named a Senior VP for Casualty...
Oct 3 2002 // Minnesota consumers are experiencing a sharp rise in premiums in all classes of insurance, with homeowners’ policy rates up an average of 14 percent according to the State’s Commerce Department, which regulates...
Oct 3 2002 // Fitch Ratings announced that it has changed its ‘A+’ long-term issuer and senior debt rating outlook on GE Global Ins. Holding Corp. to “Negative” from “Stable,” and its...
Oct 1 2002 // In a letter to the United States Senate and Chairman Paul Sarbanes, the Independent Insurance Agents & Brokers of America (IIABA) is commending the Chairman in seeking a quick resolution to the present terrorism...
Sep 30 2002 // Insurance Journal publisher Mark Wells recently spoke with Michael J. Hall, chairman of M.J. Hall & Company Inc. and president of Golden Bear Insurance Company, both headquartered out of Stockton, Calif. Hall shared...
Sep 30 2002 // Friday the 13th of September will henceforth be known at Lloyd’s as the day that members approved a plan that will radically alter the way the London market is conducted.Ignoring any bad luck associated with the...
Sep 30 2002 // Leading reinsurance broker Benfield Blanch, the U.S. division of the U.K.’s Benfield Group, announced its participation in The Target Markets Program organized by the Program Administrators Association.A three-day...
Sep 30 2002 // Friday the 13th of September will henceforth be known at Lloyd’s as the day that members approved a plan that will radically alter the way the London market is conducted.Ignoring any bad luck associated with the...
Sep 27 2002 // A.M. Best announced that it has affirmed the “A (Excellent)” financial strength rating of France’s SCOR Group with a stable outlook. “The affirmation reflects SCOR’s maintenance of excellent...
Sep 26 2002 // Royal & SunAlliance announced the launch of a new electronic trading platform, eFacRe, for facultative reinsurance business, developed in conjunction with reinsurance software developer CATEX.“The system is one...
Sep 25 2002 // Property & Casualty insurers are reporting that reinsurers are imposing a number of the same types of terrorism exclusions and limitations in personal lines that are being put into action for commercial lines.The...
Sep 24 2002 // London-based Euromoney Legal Media Group added Dallas attorney, Robert D. “Bob” Allen, to its current “Guide to the World’s Leading Insurance & Reinsurance Lawyers.” Allen, a partner in...
Sep 24 2002 // Standard & Poor’s announced that its ratings on Gerling-Konzern Globale Ruckversicherungs-AG (GKG) and related entities will “remain on CreditWatch with developing implications,” and that its...