In a new report, issued as one of several in conjunction with the annual Reinsurance Rendezvous in Monte Carlo, Standard & Poor’s Ratings Services examines the efforts of global reinsurers to diversify their portfolios. The report titled “Reinsurer Diversification: A …
The Reinsurance Association of America (RAA), a group of 22 U. S. property and casualty reinsurers, reported writing $12.2 billion of net premiums during the six-months ended June 30, 2007, a decrease of $7.5 million from the same period in …
Standard & Poor’s Ratings Services’ 23rd annual insurance conference, – “In Pursuit Of Sustainable Earnings” – focused on the “highly profitable” 2006 results, and the current “softening reinsurance pricing cycle, future losses and loss ratios, and future financial health. A …
Standard & Poor’s Ratings Services has revised to positive its outlook on Morocco-based reinsurer Société Centrale de Réassurance (SCR), following the revision to positive of the outlook on the local currency ratings on the Kingdom of Morocco (BBB/Positive/A-3). At the …
The three major rating agencies, Standard & Poor’s, A.M. Best and Fitch Ratings, have all assigned “A” ratings (Fitch was actually ‘A+’) to Lloyd’s Reinsurance Co. (China) Ltd. (LRCCL), the Lloyd’s-backed underwriting subsidiary which was recently approved by Chinese regulatory …
Argonaut Group, Inc., a specialty underwriter, and PXRE Group Ltd., a Bermuda-based property reinsurer, have agreed to a merger under which the combined entity will do business as Argo Group International Holdings Limited. Argo Group will become the Bermuda holding …
Millea Holdings, Inc. announced that it plans to establish a life and annuity reinsurance subsidiary on the Isle of Man by the end of this month. “Tokio Marine Bluebell Re Limited,” will be set up jointly with financial giant JPMorgan …
Franklin W. Nutter, president of the Reinsurance Association of America (RAA) said reinsurance regulation goes beyond the narrow issue of collateral, and is pleased that the National Association of Insurance Commissioners (NAIC) Financial Condition Committee has directed its Reinsurance Task …
Chinese insurer gets $4 billion capital injection to prepare for share sale China’s biggest reinsurance company, China Reinsurance Group Co., has received a $4 billion capital injection from a government agency in preparation for a stock market debut this year, …
Reinsurance rates for the property casualty industry are falling or flat, except for insurers with major property wind exposure along the Gulf and East Coasts in the U.S., whose rates are still rising. That is one key finding from an …
