All the headlines from our Reinsurance Topic Page, ordered by recency.
May 30 2002 // The annual Conference of the Professional Insurance Agents of New Hampshire (PIANH) featured a panel discussion on the hardened insurance market, entitled “Market Conditions and Strategies for 2002,” Moderated...
May 28 2002 // In a statement released Monday, Munich Re, the world’s largest reinsurer, reported across the board gains for the first quarter with operating profits reaching £700 million ($645.5 million).The giant insurer...
May 27 2002 // The European Commission, the European Union’s highest regulatory authority, has approved inreon the joint venture established by Swiss Re and Munich Re in December 2000, to provide online reinsurance exchange...
May 27 2002 // Capital fuels the insurance industry.It constitutes the reserves, pays the claims, and provides the investment funds necessary to make a profit (excepting an aberration like 2001). If the industry were a car or an airplane...
May 23 2002 // Orlando—The 2002 ACORD Conference “Real World Solutions” wrapped up May 21 with a host of companies and individuals taking home awards for their performances over the last year in the industry. Among the...
May 23 2002 // RI3K, the London-based reinsurance exchange, announced that it will host a conference in Brussels June 19-20, bringing together major reinsurance industry participants for a 24 hour “Think Tank” called...
May 21 2002 // The St. Paul Companies announced that Michael D. Price, 35, has been appointed chief underwriting officer at St. Paul Re, the group’s reinsurance operation, and eventually will hold the same post at Platinum...
May 21 2002 // Standard & Poor’s said that it has affirmed its single-‘A’-minus counterparty credit and senior debt ratings on U.S.-based Everest Reinsurance Holdings Inc., an intermediary holding company that is...
May 14 2002 // XL Re Ltd, XL Re Latin America LTD, Le Mans Re and XL Reinsurance America, Inc., the reinsurance operations of Bermuda’s XL Capital LTD, announced the launch of their new joint website: http://www.xlre.com...
May 13 2002 // Lloyd’s decision to begin reporting its syndicates profits and losses on an annual basis, rather than over three years, proved costly. Last year’s losses are estimated at £3.11 billion ($4.5 billion) overall,...
May 13 2002 // After suffering its first ever net loss in 2001,an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of 2002...
May 13 2002 // The recent rehabilitation of the Legion and Villanova Insurance Companies of the Legion Insurance Group is sure to have raised some eyebrows across the insurance industry, but is it an indicator of what could be in store...
May 13 2002 // Lloyd’s decision to begin reporting its syndicates profits and losses on an annual basis, rather than over three years, proved costly. Last year’s losses are estimated at £3.11 billion ($4.5 billion) overall,...
May 13 2002 // After suffering its first ever net loss in 2001, an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of...
Apr 29 2002 // The property/casualty insurance industry reported a statutory rate of return of negative 2.7 percent in 2001, down from 6.5 percent return for the year 2000. The results were released by the Insurance Services Office, Inc....
Apr 26 2002 // The St. Paul Companies announced plans to transfer its ongoing reinsurance operations to a newly-formed Bermuda-based reinsurer, Platinum Underwriters Holdings, Ltd. which intends to make a public offering of 75.1 percent...
Apr 18 2002 // Winterthur Insurance, a wholly owned subsidiary of Credit Suisse First Boston, will join the Internet-based trading platform inreon for purchasing reinsurance contracts, and, according to an inreon bulletin, has already...
Apr 17 2002 // Fitch Ratings has downgraded the Insurer Financial Strength ratings of the Kemper Insurance Companies (KIC) from ‘A-‘ to ‘BBB’. Additionally, Fitch has downgraded the surplus notes rating of...
Apr 16 2002 // eReinsure.com, Inc., which provides e-commerce technology to the insurance and reinsurance industries, announced that Converium Holding Ltd. will use the eReinsure online negotiation platform to negotiate and manage...
Apr 16 2002 // The U.K.’s Hiscox Group, which operates as a retail insurer as well as running Lloyd’s Syndicate 33, reported a £32.5 ($46.5 million) loss for 2001, largely as a result of claims related to the attacks on...