All the headlines from our Reinsurance Topic Page, ordered by recency.
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...
Jul 22 2002 // A.M. Best Co. affirmed the financial strength rating of “A-” (Excellent) of the Kemper Insurance Companies, Long Grove, Ill., with a stable outlook and removed the rating from under review with negative...
Jul 22 2002 // A.M. Best Co. affirmed the financial strength rating of “A-” (Excellent) of the Kemper Insurance Companies, Long Grove, Ill., with a stable outlook and removed the rating from under review with negative...
Jul 22 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...
Jul 22 2002 // A.M. Best Co. affirmed the financial strength rating of “A-” (Excellent) of the Kemper Insurance Companies, Long Grove, Ill., with a stable outlook and removed the rating from under review with negative...
Jul 19 2002 // A.M. Best Co. has assigned an initial financial strength rating of B+ (Very Good) to Bahrain-based Trust International Insurance Company E.C. (TIIC), a medium sized reinsurer.The rating reflects the company’s...
Jul 17 2002 // A.M. Best Co. has affirmed the A (Excellent) financial strength rating of U.S.- based Mapfre Reinsurance Corporation (MRC), Florham Park, N.J. The outlook is stable.The affirmation reflects A.M. Best’s continued view...
Jul 15 2002 // CNA Financial Corporation has signed a binding “share purchase agreement” to sell CNA’s London reinsurance operation, CNA Reinsurance Company Limited (UK), to Tawa UK Ltd., pending approval by the...
Jul 15 2002 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of the insurance operating subsidiaries of the Alea group.The affirmation is based upon the excellent level of consolidated risk-based capital and...
Jul 15 2002 // Colorado-based Environmental Insurance Program Manager, Freberg Environmental, Inc. (FEI) added Jonathan K. Gale to their staff. Gale joins FEI from Employers Reinsurance Corporation, a subsidiary of General Electric. Gale...
Jul 12 2002 // Fitch Ratings has downgraded and removed from Rating Watch Negative the long-term issuer and senior debt rating of GE Global Insurance Holding Corporation (GE Global) to ‘A+’ from ‘AA’. Fitch has...
Jul 10 2002 // As part of the ongoing restructuring of its reinsurance operations Bermuda’s XL Capital Ltd announced that James H. Veghte has been appointed President, COO and Chief Underwriting Officer of XL Re Ltd, one of its...
Jul 8 2002 // Insureds and cedants have sued their insurance agents, insurance brokers, reinsurance intermediaries or reinsurance brokers when their insurance carrier or reinsurer faced financial difficulty and could not respond to a...
Jul 8 2002 // Lloyd’s of London is perhaps the most well- known insurer in the U.S., not only due to its 300 years of existence, but also because this country is the London market’s biggest customer, accounting for over 35...