The Lloyd’s legacy business has been placed up for sale, along with other units....
Chaucer wants Delaware Court to uphold Bermuda’s segregated cell principles
The conflict between US and Bermuda legal systems offers no easy route for counterparties to fraud-impacted transactions...
The conflict between US and Bermuda legal systems offers no easy route for counterparties to fraud-impacted transactions...
Article / 3 months ago
Vesttoo case to test key aspects of Bermuda SAC regime
Filings in the Bankruptcy Court for the District of Delaware, in the case of Vesttoo, have marked the opening phase of a legal dispute that will test the limits of Bermuda’s Segregated Account...
Filings in the Bankruptcy Court for the District of Delaware, in the case of Vesttoo, have marked the opening phase of a legal dispute that will test the limits of Bermuda’s Segregated Account...
Article / 8 months ago
IAG and Suncorp to release Covid BI provisions following Oz court decision
Australian insurers IAG and Suncorp are to reduce provisions they made against possible Covid-19-related BI losses, following a High Court of...
Australian insurers IAG and Suncorp are to reduce provisions they made against possible Covid-19-related BI losses, following a High Court of...
Article / 2 years ago
Florida renewal ‘like reality TV’: Hiscox Re & ILS’s Reardon
The 1 June property cat renewal was “like a reality television show” in terms of dramatic change, though new legislation will help calm a stressed Florida market...
The 1 June property cat renewal was “like a reality television show” in terms of dramatic change, though new legislation will help calm a stressed Florida market...
Article / 2 years ago
Florida contractors sue to block property bills
The Restoration Association of Florida (RAF) has moved to block the recent property bills, arguing that the new laws “improperly single out contractors” by stripping them of their legal rights...
The Restoration Association of Florida (RAF) has moved to block the recent property bills, arguing that the new laws “improperly single out contractors” by stripping them of their legal rights...
Article / 2 years ago
Clock ticks down on Florida property insurance reform bill
With just two days left in the 2022 Florida legislative session, time is running out for lawmakers to pass a property...
With just two days left in the 2022 Florida legislative session, time is running out for lawmakers to pass a property...
Article / 2 years ago
Florida Senate to vote on returned insurance reform bill today
Florida’s Senate will vote on an amended insurance reform bill today after the House of Representatives passed...
Florida’s Senate will vote on an amended insurance reform bill today after the House of Representatives passed...
Article / 3 years ago
Florida insurance reform: Pressure builds for action
Florida’s Senate has supported a major reform bill that would address multiple challenges that...
Florida’s Senate has supported a major reform bill that would address multiple challenges that...
Article / 3 years ago
Evolving commutation practices tested by Covid and final Irma tie-up
Communicable disease exclusions were a widespread feature of reinsurance contracts agreed at the 1 January renewals...
Communicable disease exclusions were a widespread feature of reinsurance contracts agreed at the 1 January renewals...
Article / 3 years ago
BI aggregation issues will need further testing
As the (re)insurance market assesses how the UK Supreme ruling will impact BI claims...
As the (re)insurance market assesses how the UK Supreme ruling will impact BI claims...
Article / 3 years ago