News

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

Michael Trevino, spokesman for the Northbrook, Ill.-based insurer, said that the company had hoped to reduce home office workforce by up 700 when the buyout offer was first made, which would represent

WASHINGTON--In the latest reaction to a Senate proposal for partial federal regulation of insurance, a consumer group has blasted the measure as a giveaway and an industry group called for modification

The complicated compensation package included a variety of bonuses, stock options and other payments including a base salary beginning in March 2005 of $963,462, an annual bonus and other "cash comp

"Excess capacity, higher interest rates and favorable underwriting results will continue to support a soft market for the balance of 2006, barring any unusual or cataclysmic events," said MarketScout

The Benfield Quarterly report made that conclusion after a finding that, among reinsurers it studied, reserving deficiencies and hurricane losses drove down 2005 profits by two-thirds to $2.1 billion.