Business Insurance - Reinsurance http://businessinsurance.com/section/topics?tagID=81 http://www.businessinsurance.com en-us Thu, 23 Feb 2012 09:13:56 EST 10 Flagstone, Greenlight hit by weak investments, catastrophe losses http://businessinsurance.com/article/20120222/NEWS04/120229975 20120222/NEWS04/120229975 Flagstone Reinsurance Holdings S.A. and Greenlight Capital Reinsurance Ltd. said stagnant investment markets and historic natural catastrophe losses dampened their financial performance in 2011, the reinsurers announced separately Wednesday. Wed, 22 Feb 2012 11:45:46 EST Allied World cites disaster losses in net income decline http://businessinsurance.com/article/20120216/NEWS04/120219915 20120216/NEWS04/120219915 ZUG, Switzerland—Allied World Assurance Co. Holdings A.G. said its net income dropped 58.7% to $274.5 million in 2011 compared with the previous year due in large part to catastrophes. Thu, 16 Feb 2012 13:02:41 EST Starr taps ex-Chartis exec to lead specialty reinsurance http://businessinsurance.com/article/20120216/NEWS04/120219928 20120216/NEWS04/120219928 NEW YORK—Bob Coords has joined Starr Insurance Holdings Inc. as head of Starr Specialty Reinsurance, a division of Starr Indemnity & Liability Co., the insurer announced Thursday. Thu, 16 Feb 2012 10:06:10 EST Arch net income down 49.7% in 2011 http://businessinsurance.com/article/20120215/NEWS04/120219942 20120215/NEWS04/120219942 HAMILTON, Bermuda—Arch Capital Group Ltd.'s net income for 2011 dropped 49.7% from that of a year earlier to $410.5 million, Arch reported Tuesday. Wed, 15 Feb 2012 09:51:03 EST Aspen Insurance CFO Richard Houghton resigns http://businessinsurance.com/article/20120214/NEWS04/120219951 20120214/NEWS04/120219951 HAMILTON, Bermuda—Richard Houghton will leave his post as chief financial officer at Aspen Insurance Holdings Ltd., effective Feb. 29, the reinsurer announced Tuesday. Tue, 14 Feb 2012 14:17:22 EST Long-term reauthorization of National Flood Insurance Program urged http://businessinsurance.com/article/20120214/NEWS04/120219954 20120214/NEWS04/120219954 WASHINGTON—A bipartisan group of 41 senators has written the Senate leadership urging swift consideration of legislation that would provide long-term reauthorization of the National Flood Insurance Program. Tue, 14 Feb 2012 13:55:14 EST Lloyd's faces third-biggest loss from flooding in Thailand http://businessinsurance.com/article/20120214/NEWS04/120219962 20120214/NEWS04/120219962 LONDON (Reuters)—Last year's Thai floods look set to cost the Lloyd's of London insurance market $2.2 billion, the third-biggest loss it has absorbed in its 324-year history. Tue, 14 Feb 2012 10:45:00 EST Offshore reinsurance tax break under fire again http://businessinsurance.com/article/20120213/NEWS04/120219968 20120213/NEWS04/120219968 WASHINGTON—The Obama administration is reviving its call for disallowing the deduction for excess nontaxed reinsurance premiums paid to affiliates. Mon, 13 Feb 2012 14:46:37 EST Mexican insurance market continues to grow: A.M. Best http://businessinsurance.com/article/20120213/NEWS04/120219973 20120213/NEWS04/120219973 OLDWICK, N.J.—The Mexican insurance market is growing despite the industry’s low penetration level, according to a report issued Monday by A.M. Best Co. Mon, 13 Feb 2012 13:47:33 EST Catastrophes, weak investments weigh on U.S. insurance industry http://businessinsurance.com/article/20120212/NEWS04/302129992 20120212/NEWS04/302129992 An unprecedented number of natural catastrophes, weak investment returns and a generally sour economy severely impaired operating performance and growth for the commercial insurance and reinsurance segment of the U.S. Sun, 12 Feb 2012 06:00:00 EST