Reinsurance

o Continued uncertainty related to PXRE's future viability and business direction as the company continues to explore strategic alternatives. Fitch believes such actions often signal a distressed situ

The firm noted that side-cars are a recent innovation in the "catastrophe-battered insurance and reinsurance industries, whose managements are seeking solutions to stabilize capital and to reduce earn

George Daddario, executive vice president of Towers Perrin Reinsurance Co., told the group these companies, many based in Bermuda, have decided to write primary or secondary policies whenever either o

ORLANDO, FLA.--The property-casualty insurance industry can count on a year of catastrophes inflicting insured losses nearly double last year's record $58 billion, an economist warned at an industry co

Under the IRS' ruling the exemption applies only to nonlife insurance companies with "gross receipts" for the taxable year that do not exceed $600,000, if premiums make up more than 50 percent of gros

Under the IRS' ruling the exemption applies only to nonlife insurance companies with "gross receipts" for the taxable year that do not exceed $600,000, if premiums make up more than 50 percent of gros

According to data available through National Underwriter's Highline Data Service, Duke Place also owns Unione Italiana Reinsurance Company, Cavell Insurance Company, both based in the United Kingdom,

Benfield analyst Leon Janeke, one of the authors of the Benfield European Reinsurance Quarterly Report, said, "Little more than 18 months ago, many favored the specialist players in Bermuda above the