Reinsurance

News from Assurance, Praxis, Atlantic Casualty and more.

Swiss Re AG named Christian Mumenthaler, a 17-year veteran of the company who heads the main reinsurance unit, as chief executive officer effective July 1.

Munich Res American Modern Insurance Group is retreating from the business of providing protection to mortgage lenders on U.S. homes in which borrowers have lapsed on premiums.

Greenlight Capital Re Ltd. posted its fourth-straight quarterly loss, capping the reinsurers worst year since its 2007 initial public offering.

Enstar will assume net reinsurance reserves of about $1.1 billion and cover half of a book of business for Allianz.

Injured employees' recovery for pain and suffering are exempt from recovery by Workers' Compensation carrier, the Massachusetts Supreme Judicial Court rules.