Latest Legal & Regulation News
European re/insurers have begun to push Environmental, Social and Governance (ESG) operations as essential to their work – but it’s been an uphill battle.
One year of losses couldn’t put a serious dent in the ILS market – but two years’ worth has raised some eyebrows.
Pool Re is granted power to cover non-damage business interruption.
New working processes, operational structure call for employee reduction.
Report says activity is up 9% in a year but uncertainty could cause temporary slowdown.
This month's cover profile: Ryan Specialty Group founder/CEO Pat Ryan.
SCOR’s activist investors say suing its rival has already been too costly.
Eldon Insurance carried out two unlawful direct marketing campaigns, sending over one million emails to Leave.EU subscribers without consent.
In addition to the departure of two senior executives, Markel CATCo is now the target of a class action lawsuit surrounding allegations of improper reserving practices.
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