All the headlines from our Reinsurance Topic Page, ordered by recency.
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...
Sep 24 2002 // Insurance markets for terrorism coverage remain troubled particularly for commercial property, workers’ compensation and group life markets, according to the National Association of Independent Insurers (NAII)....
Sep 20 2002 // Phoenix-based Republic Western Insurance Company (RepWest) announced that the company had successfully completed negotiations resulting in the commutation of its largest remaining non-standard automobile reinsurance treaty...
Sep 20 2002 // Bruce Greene has joined Alea North America Company as senior vice president, claims manager of Alea North America. Greene has more than 30 years experience in the Insurance & Reinsurance industry. He began his...
Sep 20 2002 // Moody’s Investors Service announced that has downgraded Munich Re’s insurance financial strength rating from the highest possible ‘Aaa’ to its next highest category ‘Aa1’ due to the...
Sep 17 2002 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Zenith National Insurance Group of Woodland Hills, Calif.The financial strength rating applies to three intercompany pool members and is based...
Sep 17 2002 // Rates in 2002 for reinsurance covering the property catastrophe risks of insurance companies increased in all regions for virtually all insurance companies, according to a new report by Guy Carpenter & Co., Inc. The...
Sep 16 2002 // W. R. Berkley Corporation announced the formation of B F Re Underwriters, LLC, an underwriting management group specializing in the underwriting of casualty facultative reinsurance on a direct basis.Daniel Avery, who was...
Sep 13 2002 // Aon Corporation announced that its global reinsurance intermediary, Aon Re Worldwide, has completed a major excess of loss reinsurance program for the State Compensation Insurance Fund of California. The transaction...
Sep 11 2002 // Royal & SunAlliance USA has teamed up with Universal Reinsurance for its new Personal Insurance Agency Captive Program. For several years, Universal Reinsurance has worked closely with Artis®, Royal &...
Sep 6 2002 // Inreon, the Internet trading platform launched by Munich Re and Swiss Re, announced that it has expanded its scope to offer reinsurance buyers facultative liability cover via the platform from a panel of blue chip...
Sep 5 2002 // Standard & Poor’s announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on Germany’s Gerling-Konzern Globale Ruckversicherungs-AG (GKG), the reinsurance arm...
Sep 4 2002 // The nation’s property and casualty insurers reported $8.47 billion in net claims (1) arising from the Sept. 11 terrorist attacks, according to research by Weiss Ratings Inc.Two groups of insurance companies,...
Sep 4 2002 // SCOR, France’s largest reinsurer, reported that its 1st half net income had dropped 58 percent to € 21 million* from € 50 million* in the same period last year, due to the now familiar problem of declining equity...