All the headlines from our Reinsurance Topic Page, ordered by recency.
May 5 2015 // Fitch Ratings has assigned an ‘AA-‘ rating to the following senior secured bonds of the Citizens Property Insurance Corp., Coastal Account (formerly known as the High Risk Account):–$750 million series...
May 4 2015 // Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said he expects a slump in reinsurance results in the coming decade as investors enter the market.“It’s a business whose prospects have...
Apr 30 2015 // Swiss Re, Europe’s second-biggest reinsurer, said regulators should prevent catastrophe bonds from being repackaged like subprime mortgages.“It’s important for traditional players like us and regulators...
Apr 28 2015 // XL Group plc Chief Executive Officer Mike McGavick said that while he shuns casinos unless he’s with his mother-in-law, he’s felt lately like he was sitting at a “high stakes table” as he made...
Apr 24 2015 // Hedge fund managers including billionaire John Paulson won’t immediately face new limits on their use of insurance in offshore tax havens, after the IRS proposed rules and chose not to make them effective now.The...
Apr 24 2015 // Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from the U.S. Internal Revenue Service.The IRS, in proposed rules published Thursday, said that...
Apr 23 2015 // Bermuda-based Aspen Insurance Holdings Limited reported after tax net income of $128.0 million, or $1.87 diluted net income per share, for the first quarter of 2015, compared with $120.4 million, or diluted net income per...
Apr 22 2015 // St. Louis, Mo.-based Safety National Casualty Corp. announced it has rebranded its reinsurance platform as Safety National Re.Safety National Re will continue to offer its existing products and solid financial security,...
Apr 21 2015 // The European Union will mount a fresh bid to persuade the United States to free up the billions of euros in collateral it requires foreign reinsurers to set aside against policies.EU states agreed on Tuesday to give the...
Apr 21 2015 // A.M. Best has released a new equity report focusing on the stock performance of global reinsurance companies. The report covers fourth quarter and full-year 2014 and “shows mixed results.”Best said: “For...
Apr 20 2015 // Guy Carpenter has announced the launch of its Public Sector Specialty Practice, utilizing a global team focused exclusively on the unique risk management needs of governmental agencies and entities.“Approximately 73...
Apr 20 2015 // A.M. Best announced the establishment of a new office in Singapore as part of its continuing growth in the Asia Pacific Region, as the economies of the countries located there continue to expand. Best said the office would...
Apr 20 2015 // An insurance empire that included two insurance carriers, two offshore reinsurers, several buildings and other insurers’ investments was built by a private equity firm in part on questionable assets and is now being...
Apr 17 2015 // TigerRisk Partners LLC, the reinsurance broking and risk/capital management firm, announced that it has appointed Tony Ursano, a veteran investment banker and reinsurance expert, as its President. He will help “grow...
Apr 17 2015 // The Agnelli family’s EXOR SpA, known for investments in cars and soccer, is dismissing the prevailing reinsurance strategies as it seeks to push into the industry with a $6.4 billion takeover.EXOR is shunning the...
Apr 16 2015 // Validus Reaseguros, Inc. (VRI), a part of Validus Reinsurance, Ltd. focused on the Latin American and Caribbean markets, has promoted Alejandro Salamanca in its Miami office. Salamanca, currently an underwriter in the...
Apr 15 2015 // Tokio Millennium Re AG (TMR), the Zurich-based global reinsurer and subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd., announced that it has received authorization from the UK Prudential Regulation Authority...
Apr 14 2015 // Italy’s billionaire Agnelli family, with a $6.4 billion unsolicited bid for PartnerRe Ltd., is seeking to thwart its target’s planned merger with AXIS Capital Holdings Ltd.EXOR SpA, the Turin-based investment...
Apr 10 2015 // The purchase of reinsurance by Indonesian non-life insurers is high, which could have a significant effect on capital requirements and magnify the capital impact of changes to reinsurance asset quality, according to anA.M....