All the headlines from our Reinsurance Topic Page, ordered by recency.
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...
Sep 2 2002 // When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever.Not only were there thousands of lives lost and injured, but many more...
Sep 2 2002 // Standard & Poor’s said that although the European reinsurance market is expected to remain hard beyond 2003, it maintains its negative outlook for the industry for the fifth year running, due to uncertainty over...
Sep 2 2002 // When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever.Not only were there thousands of lives lost and injured, but many more...
Aug 22 2002 // Bermuda’s PXRE Group Ltd. announced that James F. Dore the Company’s Executive VP, Treasurer and Chief Financial Officer, will retire at the end of September 2002. He’ll be succeeded by John Modin, former...
Aug 21 2002 // A.M. Best announced that it has affirmed its A+ (Superior) financial strength ratings for Hannover Ruckversicherungs AG and other entities of the German-based reinsurer, but maintains a “negative...
Aug 19 2002 // Fitch Ratings released a special report, “Asbestos: Impact on the U.S. Insurance Industry,” describing how future claims will affect property and casualty insurers. The report includes estimates of...
Aug 16 2002 // Standard & Poor’s said that although the European reinsurance market is expected to remain hard beyond 2003, it maintains its negative outlook for the industry for the fifth year running, due to uncertainty over...