"It's a tough market for all but the larger two groups, the top two tiers of reinsurers
, are probably doing disproportionately better," Swiss Re Chief Financial Officer George Quinn told Reuters.
in the group--Endurance Reinsurance Corp., QBE North America and SCOR U.S.
The company rejected a takeover offer of USD52 (EUR38.33) per share in cash from Berkshire Hathaway (NYSE:BRK.A) earlier in September, days after it had terminated an agreement to be taken over by Swiss reinsurer
Allied World (NYSE:AWH).Country: USA, Sector: InsuranceTarget: Transatlantic Holdings IncBuyer: Joseph BrandonType: Corporate acquisitionStatus: TalksBuyer advisor: Morgan Stanley
that declined to become national reinsurers
or POE reinsurers
could continue to operate under the current NAIC Credit for Reinsurance Model Act.
The interest of the cedent and reinsurer
arguably are aligned when it comes to settling claims against the cedent's insured.
In addition to the variables outlined above, several interactions are included to analyze the potential joint impact of free-trade initiatives with both government effectiveness and size of the reinsurer
. In the case of the interaction of free trade and government effectiveness, the significance of this variable indicates whether the combination of perceived levels of government effectiveness and the presence of free-trade initiatives is an important factor in the internationalization of U.S.
The identity of the foreign insurer or reinsurer
In 2004, barring a significant catastrophe or further adverse development of reserves, reinsurers
are expected to record even more positive results.
93-6, Accounting for Multiple-Year Retorspectively Rated Contracts by Ceding and Assuming Enterprise, is a specialized industry issue that affects property-casualty insurers (ceding enterprises) and reinsurers
A primary carrier may accept the risk of loss and then turn to a reinsurer
, agreeing to cover the first $10 million and ceding the rest.
The provision of the NRRA, Part II, assigns the responsibility for regulating the financial solvency of a reinsurer
to the domiciliary state and generally bars other states from requiring the reinsurer
to provide additional financial information.
Monument Re is a Class E reinsurer
and Holding company subject to Group Supervision by the Bermuda Monetary Authority.