Reinsurance

Germany-based Hannover Re said it expects to take as much as $209 million in losses from the Feb. 22 New Zealand earthquake.

Tokio Millennium Re Ltd. and Allied World Assurance Company are the seventh and eighth Bermuda-based reinsurers authorized to post reduced collateral requirements to operate in Florida.

As political unrest continues to roil the Middle East, Willis Re today announced the appointment of Atish Suri as Divisional Director of Dubai.

Swiss Re said it expects its insured losses from the Feb. 21 earthquake in New Zealand to be approximately $800 million.

Swiss Re said it expects its insured losses from the Feb. 21 earthquake in New Zealand to be approximately $800 million.

Standard & Poor’s lowered the insurer financial strength rating of three Bahraini insurers while affirming the financial strength of three others domiciled there after lowering the sovereign rating of the kingdom of Bahrain.