IFAwebnews » reinsurance

Chartis procures $575M protection against hurricanes, earthquakes

Jaime L. Brockway — Mon, 12 Dec 2011 13:58:44 +0000

A New York, N.Y.-based insurance company entered a reinsurance agreement with another insurer that will provide $575 million in protection against hurricanes and earthquakes in the U.S.

Chartis procures $575M protection against hurricanes, earthquakes via IFAwebnews.

White Mountains Re is rebranded, reorganized as Siruis Group

IFAwebnews Staff — Fri, 14 Oct 2011 19:11:00 +0000

White Mountains Insurance Group completed a reorganization and rebranding of its global reinsurance business as the Sirius Group.

White Mountains Re is rebranded, reorganized as Siruis Group via IFAwebnews.

Pacific Life buying reinsurance block from Manulife

Bob Graham — Tue, 19 Jul 2011 10:37:58 +0000

Pacific Life is going to acquire a large block of mortality retrocession and reinsurance business from Manulife Financial Corp.

Pacific Life buying reinsurance block from Manulife via IFAwebnews.

Personal lines and reinsurance stable, commercial lines negative

Jaime L. Brockway — Mon, 24 Jan 2011 11:49:40 +0000

The personal lines segment and reinsurance lines' ratings are stable for this year, while commercial lines turned from stable to negative, A.M. Best reported.

Personal lines and reinsurance stable, commercial lines negative via IFAwebnews.

Guggenheim Life to reinsure Standard Life policies

Bob Graham — Wed, 05 Jan 2011 12:26:33 +0000

Guggenheim Life and Annuity Co. (GLAC) will reinsure policies issued by Standard Life Insurance Co. (SLIC), which has been in rehabilitation since 2008.

Guggenheim Life to reinsure Standard Life policies via IFAwebnews.

Life settlements to affect life insurers, reinsurers in wallets

IFAwebnews Staff — Fri, 05 Nov 2010 09:43:51 +0000

Life insurance companies, both primary and reinsurers, are expected to experience the effects of policies being sold to life settlement firms, a new analysis predicts.

Life settlements to affect life insurers, reinsurers in wallets via IFAwebnews.

Sun Life selling reinsurance business to Berkshire Hathaway

IFAwebnews Staff — Wed, 27 Oct 2010 17:40:39 +0000

Sun Life Financial said its Sun Life Assurance Co. of Canada is selling its life reinsurance business to Berkshire Hathaway Life Co. of Nebraska.

Sun Life selling reinsurance business to Berkshire Hathaway via IFAwebnews.

Obama’s reinsurance tax would reduce capacity, raise premiums

John Lobert — Tue, 21 Sep 2010 12:22:10 +0000

Included in President Obama’s nearly 200-page 2011 budget is a proposal often called “the reinsurance tax.” The proposal would eliminate the current tax deduction for excess premiums paid by insurers to offshore reinsurance affiliates. The move to eliminate this deduction is not new—it has been around for at least ten years. President Obama used the issue in his campaign, criticizing Sen. John McCain for wanting to “protect tax breaks for American corporations that hide their profits offshore.” But like any tax increase, someone has to pay it—in this case, property owners in catastrophe-prone states.

Obama’s reinsurance tax would reduce capacity, raise premiums via IFAwebnews.

Fewer than half of insurers have dedicated reinsurance unit

IFAwebnews Staff — Fri, 06 Aug 2010 10:16:15 +0000

Just 44% of U.S. insurers have their reinsurance administered by a dedicated department, according to a survey conducted on behalf of Inpoint Services.

Fewer than half of insurers have dedicated reinsurance unit via IFAwebnews.

Brown & Brown touts ‘quality,’ ‘integrity’ of Connecticut acquisitions

Keith L. Martin — Wed, 19 May 2010 11:43:00 +0000

For nine years, Brown & Brown said it was impressed by a quartet of Connecticut agencies it now is adding into the fold.

Brown & Brown touts ‘quality,’ ‘integrity’ of Connecticut acquisitions via IFAwebnews.