All the headlines from our Reinsurance Topic Page, ordered by recency.
Feb 27 2002 // Gerling Global Reinsurance Corporation of America (GGRCA) President and Chief Operating Officer Thomas J. Tartaro has announced his retirement. Tartaro joined GGRCA in 1997 as Executive Vice President and member of the...
Feb 25 2002 // The increasingly sophisticated business of constructing catastrophe models is driven by three main imperatives: what are the chances of a given event happening; what are the upper and lower limits of a catastrophic...
Feb 25 2002 // The increasingly sophisticated business of constructing catastrophe models is driven by three main imperatives: what are the chances of a given event happening; what are the upper and lower limits of a catastrophic...
Feb 22 2002 // Swiss Re has released a study entitled “Terrorism — dealing with the new spectre,” which concludes that the most promising approach to the problem of terrorism insurance is a “public/private...
Feb 20 2002 // Inreon, the online reinsurance trading platform, has expanded into the Asian market with the opening ofa new office in Hong Kong. It hopes to have its Internet platform ready to go in time for renewals on April 1. “A...
Feb 15 2002 // Lloyd’s is apparently set to receive a clean bill of financial health from the auditors who’ve been examining its accounts, and evaluating its reserves, as part of last November’s agreement with the...
Feb 14 2002 // In a move which took the insurance world by surprise, Bermuda-based Overseas Partners Ltd. announced its decision to stop writing new business immediately, to place its Bermuda operations into “an orderly...
Feb 13 2002 // Both small and large workers’ compensation insurers are experiencing unsettling challenges to their business thanks to the lack of reinsurance coverage in the wake of the Sept. 11 terrorist attacks according to the...
Feb 12 2002 // CNA Surety Corporation reported that net income for the fourth quarter of 2001 decreased to $0.6 million, or $0.01 per share, from $12.0 million, or $0.28 per share, for the same period in 2000. Operating earnings, after...
Feb 11 2002 // The cyclical ups and downs of the multisegmented arena referred to collectively as commercial auto are nothing new. Though the years referred to as “soft” and “hard” vary in both length and...
Feb 11 2002 // Thinking of forming an agency captive? An agent-owned captive insurance company involves an agency capitalizing either a domestic insurance company or an offshore insurance company. Richard Turner, president of...
Feb 11 2002 // Now that Congress and the Bush administration have struck a deal to pave the way for NAFTA trucking provisions—which the U.S. had been found to be violating for most of last year—the task of actually implementing these...
Feb 11 2002 // Now that Congress and the Bush administration have struck a deal to pave the way for NAFTA trucking provisions—which the U.S. had been found to be violating for most of last year—the task of actually implementing these...
Feb 7 2002 // W. R. Berkley Corporation of Greenwich, Conn. has named Tom N. Kellogg as the chairman of its subsidiary, Signet Star Holdings, Inc., the parent company of Berkley Insurance Company, the group’s lead reinsurance...
Jan 30 2002 // The National Association of Independent Insurers (NAII) is urging state insurance regulators to consider personal lines exclusions on a case-by-case basis for insurers that demonstrate the potential for solvency problems...
Jan 29 2002 // The upcoming 13th annual National Insurance Leadership Symposium (NILS) will focus on the effects of the Sept. 11 attacks on the insurance industry and the actions taken to recover.The symposium, which will be held on Feb....
Jan 25 2002 // Standard & Poor’s has affirmed its long-term double-‘A’ counterparty credit and insurer financial strength ratings on Switzerland-based reinsurance company Trans Re Zurich (TRZ) with a stable...
Jan 24 2002 // Workers’ compensation, one of the insurance lines most acutely affected by the terrorism of 2001 and by the continued absence of government backstop insurance for terrorism events, is fast becoming a high-priced...
Jan 21 2002 // Warren Heck, chairman and CEO of the Greater New York Mutual Insurance Company will explain to the NAIC’s Reinsurance Task Force the more general economic problems that accompany the post-9/11 reinsurance market.Heck...
Jan 18 2002 // The National Association of Independent Insurers (NAII) has urged insurance regulators to “move with deliberation…on terrorism exclusions for personal lines” and to remain flexible when considering such...