Reinsurance

Describing the wipeout of original investors in a sidecar for White Mountains' reinsurer as a "sorry chapter" in the history of such vehicles, Chairman Jack Byrne tried to dole out reassuring words

In interviews representatives of direct property-casualty insurance writers and reinsurers said they will tell the Financial Accounting Standards Board next month that current standards governing fini

The discussion is expected to center around three specific legislative proposals. One is a bill introduced in the Senate by Sens. John Sununu, R-N.H., and Tim Johnson, D-S.D., that would establish an

Standard & Poor's has changed the rating outlooks for Munich Reinsurance Co. and its U.S. affiliate American Re-Insurance from stable to positive and indicated the two firms might qualify for a "doub

White Mountains' Chairman Jack Byrne offered reassuring words to shareholders yesterday concerning the wipeout of original investors in a reinsurance sidecar as a "sorry chapter" in the history of suc

Folksamerica Reinsurance Company has set its reserves for offshore energy and marine exposures for Hurricanes Katrina and Rita at full policy limits, and increased its reserves on other exposures affe