Reinsurance

The Florida Office of Insurance Regulation has authorized two more reinsurers under the reduced collateral rule.

The most critical issue facing the reinsurance department at property and casualty carriers revolves around personnel who understand reinsurance either retiring or leaving the company, according to recent research from StoneRiver.

XL Group says April and May tornado-spawning storms in the U.S. are expected to cause losses of between $50 million and $75 million, pretax and net of reinsurance and reinstatement premiums.

Yesterday, Transatlantic Holdings, Inc. and Allied World Assurance Company Holdings, AG announced a $3.2 billion merger deal that executives say will create a global specialty insurer and reinsurer operating in 18 countries on six continents.

International financial services and reinsurance brokerage firm, U.S. RE Companies, Inc., says it has joined with one of China's leading brokers, Shanghai Transceed Insurance Brokers Co., Ltd.

On June 2, the Florida Commission on Hurricane Loss Projection Methodologies approved a new hurricane model from Risk Management Solutions. In an article written in March, just after the February model-release, Chief Research Officer Robert Muir-Wood offers a closer look at the model and the science behind it