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Articles in U.S. REviews March 2009

Click here to view our March 2009 edition in PDF format.

U.S. RE To Enter Brazil Market

U.S.RE plans to form a reinsurance broker subsidiary in Sao Paulo to serve the insurance industry in Brazil. Tal P. Piccione, U.S. RE Chairman and CEO, announced.

The new...

U.S. RE Arranges New Carrier For California Work Comp MGA

U.S. RE recently brought Food Services Insurance Managers (FSIM), a California MGA that specializes in Workers Compensation insurance for food related risks, together with the Meadowbrook Ins...

Massachusetts Liquor Liability JUA Converts To Mutual - U.S. RE Places Reinsurance

Hospitality Mutual Insurance Company (HMIC), recently formed writer of liquor liability insurance, turned to U.S. RE for reinsurance, Art Dougherty, U.S. RE Senior Vice President, reported....

Chairman's Corner: U.S. RE 2009 International Expansion, Domestic Growth

In the fast moving era of reinsurance consolidation U.S. RE is bucking the trend with substantial growth in the U.S. and overseas. This past renewal season, we added a number of new client...

U.S. RE Places Cat Cover For Pennsylvania Group

U.S. RE placed catastrophe cover January 1 with superior security for the ECM Insurance Group, composed of three Pennsylvania companies: Everett Cash Mutual, 1st Choice Auto, and Ever- Greene Mutua...

Ciervo Joins U.S. RE As Info Tech Director

Anthony Ciervo joined U.S. RE Companies, Inc. recently as Director of Information Technology. He will be responsible for the Company's computer operations and maintenance including all ...

U.S. RE Istanbul Partners Develops Takaful Platform

U.S. RE - Turker Insurance and Reinsurance Brokers, Ltd., U.S. RE's strategic partner in Istanbul, Turkey, has developed a platform to write Re-Takaful, which is reinsurance that confor...

Enterprise Risk Management Influencing Strategic Decisions

Reports from the recent annual meeting of the Casualty Actuarial Society indicate that Enterprise Risk Management (ERM) is an increasingly important strategic planning tool for insurance and rein...

CAT Losses Up Last Year

Global catastrophe losses of some $200 billion last year - compared to $82 billion in 2007 - made 2008 the third costliest on record, behind the hurricane year of 2005 and 1995, the year of the K...

Nelson Sets Course For U.S. RE Securities

Editor's Note - Recently named Senior Vice President-U.S. RE Securities, Inc., Greg Nelson is working with Peter Rawlings, Chairman, to capitalize on the Company's unique niche as provider of...

Litigation Virus Crosses Atlantic

Civil litigation trends in the United States are spreading to Europe like a slow-growing virus. A new report issued by the Rand Corporation and Lloyd's of London indicates that what Lloyd's Chair...

Reinsurance Prices To Rise In Mid-Year Renewals

The combined impact on insurers of last year's catastrophe losses, investment losses, and the need for more capital to support premium volume creates demand for more reinsurance at a time when re...

Pirates Drive Up Insurance Rates

Piracy in the Gulf of Aden is driving up insurance rates for cargo vessels passing though one of the world busiest shipping lanes. Lloyd's Marine Intelligence Unit reported that some 6,5...

P/C Profits Decline In '08 / '09 Outlook Bleak

Property/Casualty insurance net income for the first nine months of 2008 slid a dramatic 91.8 percent from $50 billion in the same period of 2007 to $4.1 billion, according to theInsurance Servic...

Why Insurers Weather Storm While Banks Struggle To Stay Alive

Insurers - with some notable exceptions - are weathering the economic storm while banks are drowning, Robert Hartwig, President of the Insurance Information Institute and leading insurance indust...

More Transparency / Better Data Needed To Grow Insurance Linked Securities Market

Meteoric growth in the insurance-linked securities (ILS) market - 40 to 50 percent a year since 1997 - may be restrained in the current economic environment by investor demand for greater transpa...

Above Average Hurricane Season Forecast

Hurricane gurus Philip Klotzbachand William Grayof Colorado State University's Atmospheric Science Department predict more than average hurricane activity in the 2009 season. Their forecast is fo...

Promotions Announced At Uni-Ter

Uni-Ter Underwriting Management Corporation, a wholly-owned subsidiary of U.S. RE Companies, Inc., has promoted key executives as part of a strategic plan to support future growth, Sanford "...