Saggin stocks ground flight to quality: The annual reinsurance gathering in Baden-Baden took place as stock market woes eroded the rock-solid reputation of some major names. (Insurance Executive).

Risk & Insurance | November 1, 2002| | Copyright

What's in a name? As this fall's annual reinsurance gatherings in Europe get into their stride, the question has taken on a new meaning. One of the market's mantras in recent years has been that uncertain times trigger a flight to quality.

But the triple-A rating has become an endangered species, with only giants Munich Re, Swiss Re, and Transatlantic clinging on to the coveted rating. Sagging stock markets in both North America and Europe have further put the skids under many groups that have traditionally been regarded as the elite.

At the time of ...

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