Latest Legal & Regulation News
Letter to shareholders urges them to reject request of activist shareholder.
New green investment and underwriting moves announced.
Ratings agency considers hit from catastrophes on performance since 2017.
Countries plan to carry on regardless as re/insurers take action.
Mobility specialist to expand across Europe.
Reactions talks RAA’s president about the importance of maintaining a government backstop for terrorism risk, as well as closing the protection gap.
Aon is suing Alliant, alleging a “corporate raid” on members of its construction team.
Review prompted by SEC subpoena and sudden departure of CEO Mark Watson.
Newly revised 15-person Council will be the single governing body at Lloyd's.
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.