A.M. Best’s report, “Global Reinsurance,” focuses on the pressures affecting the financial strength of the industry, and discusses the factors that it sees driving market conditions. The report cited the following: –Reductions in capital following losses on equity portfolios, adverse …
Standard & Poor’s has published an industry report card on North American reinsurers. Continued rate increases in the global reinsurance market have failed to stem the downward pressure on ratings, and Standard & Poor’s outlook on the reinsurance sector remains …
Is the glass half-full, or half-empty? The classic example of identical facts dictating opposite conclusions, depending on whether you’re an optimist or a pessimist, defines the current picture in the reinsurance industry, even if it is admittedly a bit more …
The four property/casualty trade associations, joined by a workers’ compensation and a reinsurance association, have joined together to ask the National Association of Insurance Commissioners (NAIC) to reject any reduction of collateral requirements for alien reinsurers doing business in this …
Is the glass half-full, or half-empty? The classic example of identical facts dictating opposite conclusions, depending on whether you’re an optimist or a pessimist, defines the current picture in the reinsurance industry, even if it is admittedly a bit more …
The Enstar Group Inc. of Montgomery, Ala., announced its partially owned equity affiliate, Castlewood Holdings Limited (Castlewood Holding”), and Shinsei Bank, Limited (Shinsei) have completed the acquisition of The Toa-Re Insurance Company (UK) Limited (Toa-UK), a London-based subsidiary of The …
Asbestos exposure foreshadows a growing rift between insurers and the reinsurance companies that back them, according to a new report by Standard & Poor’s. “Disputes between insurers and reinsurers appear to be intensifying,” commented Steve Dreyer, managing director. “The tone …
A reinsurance market review prepared by the London-based Benfield Group, one of the world’s leading independent reinsurance intermediaries, has concluded that “despite the massive tidal wave of new capital which has flooded into the reinsurance markets, it’s too little too …
Swiss Re has issued a new “Focus” report at the Baden-Baden reinsurance meetings urging the world’s reinsurers to “get-back-to-basics” in their approach to natural catastrophe underwriting as they begin the 2003 renewal season. The report, “Cat reinsurance—meeting the sustainable level,” …
Swiss Re announced that it has issued a new “Focus” report at the Baden-Baden reinsurance meetings urging the world’s reinsurers to “get-back-to-basics” in their approach to natural catastrophe underwriting as they begin the 2003 renewal season. The report, “Cat reinsurance …
