Sources approve of Labour's plans around regulatory accountability....
BMA engages PwC to scrutinise R&Q as tricky balancing act continues
PwC is acting for the Bermuda Monetary Authority to assess the adequacy of R&Q’s legacy reserves as the regulator scrutinises the details...
PwC is acting for the Bermuda Monetary Authority to assess the adequacy of R&Q’s legacy reserves as the regulator scrutinises the details...
Article / 2 months ago
BMA undertakes review into R&Q Legacy and pauses approving legacy deals
The regulator has also paused the redemption of the company's $20mn Tier 2 floating-rate subordinated notes issued by R&Q Re (Bermuda)....
The regulator has also paused the redemption of the company's $20mn Tier 2 floating-rate subordinated notes issued by R&Q Re (Bermuda)....
Article / 4 months ago
In a tough transactional environment, where are the green shoots? Looking forward
Looking ahead to the rest of 2023 and into 2024, economic forecasts suggest the continuation of significant challenges to dealmaking in the (re)insurance...
Looking ahead to the rest of 2023 and into 2024, economic forecasts suggest the continuation of significant challenges to dealmaking in the (re)insurance...
Article / 9 months ago
In a tough transactional environment, where are the green shoots? Looking back
Macroeconomic factors continue to present challenging conditions for the (re)insurance industry and dealmaking in the sector, write...
Macroeconomic factors continue to present challenging conditions for the (re)insurance industry and dealmaking in the sector, write...
Article / 9 months ago
UPC placed under administrative supervision, run-off plan approved
The Florida Office of Insurance Regulation (Floir) has approved United Property and Casualty's (UPC) run-off plan under several conditions, including placing the...
The Florida Office of Insurance Regulation (Floir) has approved United Property and Casualty's (UPC) run-off plan under several conditions, including placing the...
Article / 1 year ago
Insurers must rethink their tax/finance operating model
Pressures around data and technology and increasingly complex regulation are forcing insurers to transform their tax and finance operations...
Pressures around data and technology and increasingly complex regulation are forcing insurers to transform their tax and finance operations...
Article / 2 years ago
Bermuda court approves Markel Catco buyout
A Bermuda court has sanctioned Markel’s proposal to buy out Markel Catco’s investors of their holdings in the retro fund...
A Bermuda court has sanctioned Markel’s proposal to buy out Markel Catco’s investors of their holdings in the retro fund...
Article / 2 years ago
PRA puts s166 review policy in place for certain legacy deals
The Prudential Regulation Authority (PRA) has now put into active guidance its policy to trigger section 166 (s166) reviews for certain transfers of non-life...
The Prudential Regulation Authority (PRA) has now put into active guidance its policy to trigger section 166 (s166) reviews for certain transfers of non-life...
Article / 2 years ago
Newslink Global Insurance Trends
This week, with the COP26 Summit in Glasgow looming, there was an emphasis on climate initiatives...
This week, with the COP26 Summit in Glasgow looming, there was an emphasis on climate initiatives...
PR / 2 years ago
The PRA, S166s and Part VII transfers – a hostile move or sign of legacy market maturity?
Initial reactions to the Prudential Regulation Authority’s (PRA) proposals to trigger section 166 (s166) reviews in certain Part VII transfers...
Initial reactions to the Prudential Regulation Authority’s (PRA) proposals to trigger section 166 (s166) reviews in certain Part VII transfers...
Article / 3 years ago