All the headlines from our Reinsurance Topic Page, ordered by recency.
Aug 15 2002 // Standard & Poor’s says it is too early to assess the impact of the current floods on the Czech insurance market, but that the lessons of the last great floods five years ago might not have been learnt.Reports...
Aug 14 2002 // Standard & Poor’s Ratings Services has placed its double-‘B’-minus long-term counterparty credit and insurer financial strength ratings on ESG Reinsurance Bermuda Ltd., ESG Reinsurance Ireland Ltd.,...
Aug 13 2002 // Marsh & McLennan Cos. is currently in talks to purchase Benfield Greig Group PLC, a reinsurer based in London, for about $1 billion, according to a Dow Jones report. By taking on privately held Benfield, New...
Aug 12 2002 // Bermuda-based Arch Capital Group Ltd. reported that net premiums written for the 2002 second quarter were $223.0 million, of which the company’s reinsurance and insurance operations contributed net premiums written...
Aug 9 2002 // Alabama-based Vesta Insurance Group, a holding company for various insurance and financial service firms, announced its board of directors has declared a quarterly cash dividend of $0.025 per share for the period ending...
Aug 8 2002 // PXRE Group Ltd. announced that Guy D. Hengesbaugh has joined the Company as president of the Company’s Bermuda reinsurance company, PXRE Reinsurance Ltd., and executive vice president of PXRE Group. In these roles,...
Aug 8 2002 // For the first six months of the year French reinsurer SCOR registered a robust 16 percent rise in premium income at constant exchange rates. The company attributed the rise to improving non-life reinsurance rates and the...
Aug 7 2002 // Standard & Poor’s has assigned its ‘AA-‘ insurer financial strength rating to MS Frontier Reinsurance Ltd. (MSFR), based on its superior capitalization, its strategic importance to its parent, Mitsui...
Aug 5 2002 // Standard & Poor’s Ratings Services lowered its public information (pi) rating on the largest Philippine reinsurer, Universal Reinsurance Corp. Ltd. (Universal Re) to single-“Bpi” from...
Aug 5 2002 // Munich Re, the world’s largest reinsurer, announced several measures to strengthen its reserves in order to anticipate possible additional claims related to the WTC attacks, and to bolster the capitalization of its...
Aug 5 2002 // ACE Limited appointed David Furby, currently director of reinsurance at ACE Global Markets, president, ACE Global Reinsurance. Reporting directly to vice chairman and head of ACE’s worldwide reinsurance operations,...
Aug 5 2002 // How do I insure thee? Let me count the ways.” With apologies to Elizabeth Barrett Browning, that question’s become increasingly meaningful for risk managers, insurers, agents, brokers, consultants and...
Aug 5 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 5 2002 // How do I insure thee? Let me count the ways.” With apologies to Elizabeth Barrett Browning, that question’s become increasingly meaningful for risk managers, insurers, agents, brokers, consultants and...
Aug 1 2002 // Standard & Poor’s Ratings Services affirmed its triple-‘B’-plus insurer financial strength and counter party credit ratings on Central Reinsurance Corp. (Central Re). The outlook on the counter party...
Aug 1 2002 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of the insurance subsidiaries of OneBeacon Insurance Group, Boston.A.M. Best also affirmed the indicative shelf registration ratings for Fund...
Jul 30 2002 // Global reinsurer, General Re Corporation, a subsidiary of Berkshire Hathaway Inc., announced a new name for its Stamford-based reinsurance intermediary company, Herbert Clough Inc. Herbert Clough now operates under the...
Jul 30 2002 // The Alliance of American Insurers called last week’s appointment of U.S. Senate conferees for the terrorism insurance bill a great stride toward ultimate passage of the legislation.“We’re very encouraged...
Jul 30 2002 // Fitch Ratings assigned a negative rating outlook to a group of monoline reinsurers-ACE Guaranty Re Inc., Radian Reinsurance Company Inc., and AXA Re Finance S.A. The three are major reinsurers of financial guarantees. The...
Jul 29 2002 // Standard & Poor’s Ratings Services affirmed its “AAA” long-term counterparty credit and insurer financial strength ratings on state-owned French reinsurance company Caisse Centrale de Reassurance...