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Reinsurance

The following information is about Reinsurance.

Reinsurance Defined

A method of reducing risk by transferring all or part of an insurance policy to another insurer.

This definition is in context to Business. See more contextual defintions for Reinsurance.


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Nigeria: Govt Yet to Press Insurance Claims On Nigcomsat

Published November 20, 2008, 12:24 am, AllAfrica.com

Despite official admission that the country has actually lost its multi-million dollar satellite, the Federal Government is yet to file insurance claims to underwriters of the in-orbit risks. Nigcomsat was insured for its full value of $256m or N40billion.

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ALABAMA VOICES: Spreading risk vital

Published November 19, 2008, 9:19 pm, Montgomery Advertiser

In a recent Alabama Voices column, Alabama Revenue Commissioner Tim Russell advocated the creation of a state owned captive insurer for the purpose of insuring properties in coastal counties, primarily Baldwin and Mobile counties.

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ACE Issues Clarification Concerning Variable Annuity Reinsurance Business

Published November 19, 2008, 2:31 pm, Finanzen.net

ACE Limited (NYSE:ACE) announced today that the company is ...

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ACE Issues Clarification Concerning Variable Annuity Reinsurance Business

Published November 19, 2008, 2:20 pm, Business Wire via Yahoo! Finance

ZURICH, Switzerland----ACE Limited announced today that the company is providing further detail to help clarify ACE’s total exposures to potential loss related to its variable annuity reinsurance business.

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RenaissanceRe Holdings Ltd. Announces Quarterly Dividend

Published November 19, 2008, 2:00 pm, Business Wire via Yahoo! Finance

PEMBROKE, Bermuda----The Board of Directors of RenaissanceRe Holdings Ltd. announced today a quarterly dividend of $0.23 per common share on its common stock.

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Argo Group to Present December 2 at the FBR Capital Markets 2008 Fall Investor Conference

Published November 19, 2008, 1:27 pm, Business Wire via Yahoo! Finance

HAMILTON, Bermuda----Argo Group International Holdings, Ltd. , an international underwriter of specialty insurance and reinsurance products in niche areas of the property and casualty market, announced today it is participating in the FBR Capital Markets 2008 Fall Investor Conference being held Dec. 2-3, 2008 at the Grand Hyatt New York.

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Aon eSolutions Participates in Honoring Marriott International as Theodore Roosevelt Award Winner

Published November 19, 2008, 1:00 pm, PR Newswire via Yahoo! Finance

Aon eSolutions, the client technology arm of Aon Corporation , today participated in honoring its client Marriott International at the Workers' Compensation & Disability Conference luncheon, where Marriott received the Theodore Roosevelt Workers' Compensation & Disability Management Award -- called the "Teddy Award" for short.

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55 Day Pitney Lawyers Selected as 2008 New England Super Lawyers(R) or Rising Stars

Published November 19, 2008, 10:52 am, PR Newswire via Yahoo! Finance

Day Pitney LLP, a leading full-service law firm with offices in Boston, Connecticut, New Jersey, New York, and Washington, DC, announced today that Law & Politics has named 55 Day Pitney lawyers as Super Lawyers® or Rising Stars.

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Nigeria: Nigeria Re Will Regain Its Leadership Position - Ameh

Published November 19, 2008, 9:21 am, AllAfrica.com

IN spite of all the storms that rocked Nigerian Reinsurance Corporation especially in the last two years, the management of the reinsurance company has said the reinsurer would bounce back to regain its leadership position in the country.

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Ratings: Travelers (UK), Bison, Dubai Islamic, Milli Re, Hang Seng, LIG

Published November 19, 2008, 8:52 am, Insurance Journal

A.M. Best Co. has affirmed the financial strength rating of 'A' (Excellent) and issuer credit rating (ICR) of "a+" of UK-based Travelers Insurance Company Limited (TIC). The outlook for

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