Latest Legal & Regulation News
Claims costs burden adds to Ogden discount rate woe.
New sponsor for delegated authority workstream as upgrades are announced.
Bankrupt insurer left over 20,000 policyholders without cover.
Fine ends 20-year legal battle.
Sheila Cameron tells Reactions what she thinks of the “Future at Lloyd’s” blueprint.
Would prevent civil liability for insurers operating in the cannabis sector.
Run-off of portfolio expected to take 3 years.
ABI director general blasts Ogden rate change
Critics: GIC Re still shown preferential treatment.
Interview: The National Flood Insurance Program (NFIP) is unsustainable, says Swiss Re’s Americas CEO Eric Smith. He and others are now suggesting that the private sector needs to take up some of the burden to ensure flood protection remains in the US.
Interview: Swiss Re’s Canada CEO believes consolidation among Canadian insurers will boost reinsurance demand as well as kick-start cat bonds. Insurers are also looking for reinsurance as a result of onerous new solvency requirements for BC earthquake.
Interview: Albert Benchimol has had a busy year since taking over as CEO of Bermudian insurer and reinsurer Axis Capital, dealing with the ousting of its chairman and Superstorm Sandy losses. He is now confident that a strong period of growth is ahead for his firm.
We ask Carlos Montalvo Rebuelta, the European Insurance and Occupational Pensions Authority's executive director, for more details on interim guidelines for Solvency II and his response to criticism from insurers and reinsurers over the directive's delay.
Interview: The National Association of Insurance Commissioners recognises that the clunky US regulation system could be improved but is not taking Europe as its model, say its CEO Terri Vaughan and president Kevin McCarty.
IRB-Brasil Re has had a tough time adjusting to no longer holding a monopoly of the Brazilian reinsurance market. Its plan to cope with losing market share in its own country is to aggressively target growth in other markets, its chairman tells Reactions.
Frank O’Halloran has a tough return target for Australian insurance and reinsurance group QBE and he is not budging, despite stagnant pricing, falling investment returns and first-half catastrophes.
Eric Dinallo, state insurance superintendent of New York, last year found himself at the centre of AIG's fight for survival as well as the bond insurance debacle. For his next trick he plans to revive the New York insurance exchange.
In this month's Reactions