Zurich North America Commercial’s Accident & Health (A&H) group and Presidio Reinsurance Group announced today their formation of a strategic relationship to provide a broad range of risk-relief programs to the health care market.
As industry leaders with a long-term commitment to the accident and health industry, Zurich and Presidio will leverage their extensive portfolio of [...]

Transamerica Reinsurance’s Mortality Management System was recently recognized by Celent as a Model Carrier Component in Underwriting in its report, Celent Model Carrier 2009: Case Studies of Effective Technology Usage in Insurance. Transamerica Reinsurance, a leading supplier of life reinsurance in the United States, is a division of Transamerica Life Insurance Company. Celent is a [...]

Eight major reinsurance companies and five leading law firms, plus reinsurance intermediaries, forensic accounting firms, mediators and others will join at the Westin Grand here on March 2-3 to deliver papers and presentations at the “Reinsurance Claims & Arbitration Conference.”
The event is being produced by HB Litigation Conferences LLC, formerly Mealey’s Conferences.
The faculty has been [...]

Hannover Re has again transferred a portfolio of life and annuity reinsurance to the international capital market. The transaction – designated “L7″ – encompasses a financing volume of EUR 100 million and covers unit-linked life and annuity business of several European clients.
This transfer enables Hannover Re to convert a future earnings steam into a current [...]

Reinsurance Group of America, Incorporated plans to release fourth-quarter earnings on Monday, January 26, at approximately 5 p.m. Eastern Time. The release will be issued via newswire and will also be available through RGA’s Web site, www.rgare.com.
The company will host a conference call to discuss the fourth-quarter results beginning at 9 a.m. Eastern Time [...]

High catastrophe losses and the continuing international credit crisis pushed property catastrophe rates up by 8 percent at the January 1, 2009, reinsurance renewals period, according to a briefing on global reinsurance market conditions published by Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist. Cats and Credit Push Prices Up: Global [...]

Validus Holdings, Ltd. announced today that Conan Ward, Executive Vice President and Chief Underwriting Officer of Validus Reinsurance, Ltd. is scheduled to present during the Merrill Lynch Reinsurance Renewals Conference Call on January 5, 2009, at 10:00 am Eastern Time. Mr. Ward will discuss the general market conditions for specialty reinsurance business renewing during January [...]

A.M. Best Co. has affirmed the financial strength rating of B+ (Good) and the issuer credit rating (ICR) of “bbb-” of Arab Reinsurance Company S.A.L. (Arab Re) (Lebanon). The outlook on both ratings remains stable.
The ratings reflect Arab Re’s strong current and prospective risk-adjusted capitalisation and good operating performance. An offsetting factor is the company’s [...]

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Malaysian Reinsurance Berhad (Malaysian Re) (Malaysia). The outlook for both ratings is stable.
The ratings reflect Malaysian Re’s stable and excellent underwriting performance, conservative investment portfolio and strong market presence in Malaysia. The ratings also recognize [...]

ACE Limited that the company is providing further detail to help clarify ACE’s total exposures to potential loss related to its variable annuity reinsurance business. The clarification supplements a Form 10-Q that the company filed with the SEC on November 7, 2008.
In the 10-Q, the company said its Net Amount at Risk (NAR) associated [...]