Reinsurance companies are specialized financial companies that provide insurance for other insurance companies. They help spread the risk by taking on a portion of the policies and payments, allowing the primary insurers to protect themselves from large and unexpected losses.
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The president of
Reinsurance Company of America, Inc. is Patrick John Lynch, the treasurer is, and the secretary is.
According to J. Eric Smith, CEO of Swiss Re, the other
largest reinsurance company in the world, «What keeps us up at night is climate change.
After a number of years as a litigation lawyer in London, Rory Unsworth joined Swiss
Reinsurance Company in Zurich as Senior Contracts Expert in 2003.
White
Mountains Reinsurance Company of America and White Mountains Re Sirius cover a wide range of property, casualty, aviation, marine, accident and health insurance.
While such an insurance solution is the first of its kind in China, «we reached an agreement with Meiyan relatively quickly,» said Stuart Brown, director at corporate solutions of
Swiss Reinsurance Company Ltd., known as Swiss Re, which partnered with a local firm to provide the service.
He wants to know why Berkshire has significantly sold down their holdings in Munich Re, which is the world biggest
reinsurance company based in Germany while sticking with their reinsurance operations within Berkshire, like Berkshire Hathaway Reinsurance, and General Re?
He is far from alone, this is a giant industry led
by reinsurance companies trying to place their bets properly, and, needless to say, getting repeatedly burned; who can ever calculate the likelihood of Libyas or Fukushimas — and even if you can it is the particular modalities of the unfolding event rather than the occurrence of the event itself that determine the impact and outcome.
Insurance & Reinsurance Litigation: litigation and arbitration on behalf of insurance and
reinsurance companies involving disputes regarding coverage for variety of claims.
Fairfax's insurance and
reinsurance companies operate on a decentralized basis, with autonomous management teams applying a focused underwriting strategy to their markets.
In 2009, NICO agreed to provide up to 5 billion Swiss Francs (approximately $ 5.3 billion as of December 31, 2011) of aggregate excess retroactive protection to Swiss
Reinsurance Company Ltd. and its affiliates («Swiss Re»).
The guarantee relates to a reinsurance contract between Penn National and QX
Reinsurance Company Ltd (a Tawa subsidiary).
Pilar specialises in litigation and holds a wide range experience assisting Spanish and international insurance and
reinsurance companies with energy, construction, machinery breakdown, environmental, defective product and engineering related matters, both, under first and third party liability policies.
For that reason, Swiss Re, the
giant reinsurance company, spends a lot of time and money going back in time trying to gauge the scope of losses it may have to cover in years to come.
So, too, is Moody's Investors Service, which has several times downgraded the creditworthiness of some of the world's
leading reinsurance companies over the last six years.
Currently, the majority of the reinsurance needed to protect U.S. consumers and businesses from events that rock the national insurance industry comes from
foreign reinsurance companies.
I just learned today that due to pressure
from reinsurance companies, many life insurance companies will be charging higher rates for women who have had gestational diabetes.
Reinsurance company XL Group advanced $ 1.94, or 5 percent, to $ 40.55 and Travelers gained $ 2.80, or 2.3 percent, to $ 122.56.
The Romanian company has experience partnering with U.S. interests and is also invested in the Romanian insurance market through a partnership with one of the largest American insurance groups,
ARCH Reinsurance Company.
As one such example, «
reinsurance company OdysseyRe of Conn., a «wholly - owned subsidiary» of Canadian insurance and investment management giant Fairfax Financial Holdings Limited», made a $ 1 million contribution to Mitt Romney's Super PAC Restore Our Future.
John didn't have much to say to that, so he bid Brent adieu for the moment, and bumped into Henry Goldsmith, who was the head of Mega's Bermuda
P&C reinsurance company.
He said the higher premiums could come from greater insurance losses and
reinsurance companies determining there is a statistical increase in the risk that future storms will be more frequent and severe.
ACA Financial Guaranty Corporation Ambac Assurance Corporation American
Overseas Reinsurance Company Limited Assured Guaranty Corp. (AGC) Assured Guaranty Municipal (AGM) Build America Mutual (BAM) CIFG Financial Guaranty Insurance Company (FGIC) MBIA Insurance Corp..
Significant changes in interest rates
expose reinsurance companies to the risk of reduced investment income or actual losses based on the difference between the interest rates earned on investments and the credited interest rates paid on outstanding reinsurance contracts.
Global reinsurance companies are making billions in profits, in part by selling new kinds of protection schemes to developing countries that have done almost nothing to create the climate crisis, but whose infrastructure is intensely vulnerable to its impacts.8
He also serves as CEO of Attorneys Liability Protection Society, Inc., A Risk Retention Group, as well as President and CEO of
Lawyers Reinsurance Company (Vermont).