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Reinsurance
Reinsurance
Reinsurance
Reinsurance
Reinsurance

The following information is about Reinsurance.

Reinsurance Defined

A mechanism to protect against part or all of the financial losses that may be incurred through insuring for risk. Reinsurance may be used for property and casualty losses as well as for life and health claims. It is a common "stop-loss" mechanism used by self-insured and insured entities throughout the economy, including business and industry, labor organizations, hospitals, HMOs, individual professionals, and even insurance companies. It is commercially available from insurance underwriters. It is also referred to as "risk control insurance." The coverage may be uniquely written for an individual claimant or groups of claimants.

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Narace welcomes Integrity probe

Published December 4, 2008, 5:46 pm, Trinidad Express

Health Minister Jerry Narace yesterday expressed confidence that his name would be cleared following an Integrity Commission investigation into a complaint made against him by Caroni East MP Tim Gopeesingh.

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ACE Enhances Its Executive Assistance Services for International Business Travel and Study Abroad Programs

Published December 4, 2008, 3:33 pm, Centre Daily Times

ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced it has expanded its International Executive Assistance® Services to include emergency political evacuation, and concierge services. Enhancements also include a new online portal for travel preparation information. In addition, political evacuation coverage now is provided automatically to reimburse ...

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ACE Enhances Its Executive Assistance Services for International Business Travel and Study Abroad Programs

Published December 4, 2008, 3:18 pm, Business Wire via Yahoo! Finance

PHILADELPHIA----ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced it has expanded its International Executive Assistance® Services to include emergency political evacuation, and concierge services.

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21st Century Holding Company's Subsidiary Federated National Insurance Company Approved to Take Out Up to 30,000 ...

Published December 4, 2008, 11:20 am, GlobeNewswire via Yahoo! Finance

LAUDERDALE LAKES, Fla., Dec. 4, 2008 -- Federated National Insurance Company , a wholly-owned subsidiary of 21st Century Holding Company , an insurance holding company, today announced that it received approval from the Florida Office of Insurance Regulation to take out up to 30,000 homeowner insurance policies in the state of Florida from Citizens Property Insurance Corporation over the next ...

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NARACE UNDER PROBE

Published December 4, 2008, 8:19 am, Trinidad Express

Health Minister Jerry Narace is now being investigated by the Integrity Commission, following a complaint that his family's business has been receiving state contracts. The complaint was made by Opposition MP Dr Tim Gopeesingh.

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Under the Weather: Internal Report Says U.N. Climate Agency Rife With Bad Practices

Published December 4, 2008, 8:13 am, FOX 29 Lake Charles

As more than 10,000 delegates and observers gather in Poznan, Poland, to discuss the next phase in the battle against "climate change," a U.N. agency at the center of that hoopla badly needs to do some in-house weather-proofing.

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A.M. Best Assigns Rating to ZEP-RE (PTA Reinsurance Company)

Published December 4, 2008, 6:23 am, Business Wire via Yahoo! Finance

OLDWICK, N.J.----A.M. Best Co. has assigned a financial strength rating of B and an issuer credit rating of “bb+” to ZEP-RE . The outlook for both ratings is stable.

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A.M. Best Affirms Ratings of Russian Reinsurance Company, JSC

Published December 4, 2008, 6:20 am, Business Wire via Yahoo! Finance

OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of B+ and the issuer credit rating of “bbb-” of Russian Reinsurance Company, JSC . The outlook for both ratings is stable.

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ACE Appoints P&C Country Manager, Ireland

Published December 4, 2008, 3:30 am, Business Wire via Yahoo! Finance

LONDON----ACE Europe has appointed Jim Duncan as Property & Casualty Country Manager for Ireland, based in its Dublin office.

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Outlook Revised to Positive for China Insurance NZ

Published December 3, 2008, 1:37 pm, Scoop.co.nz

A.M. Best Co. has revised the outlook to positive from stable for China Insurance (NZ) Company Limited (CINZ) (New Zealand) and affirmed the financial strength rating of B+ (Good) and issuer credit rating of bbb- .

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