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Latest Legal & Regulation News

ESG in the EU

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.

Where in the world is ILS?

One year of losses couldn’t put a serious dent in the ILS market – but two years’ worth has raised some eyebrows.

Terrorism insurance law evolves

Pool Re is granted power to cover non-damage business interruption.

AXA XL to eliminate 700 jobs in Europe

New working processes, operational structure call for employee reduction.

Another sizable M&A deal ahead in 2019?

Report says activity is up 9% in a year but uncertainty could cause temporary slowdown.

Reactions' February digital issue online now!

This month's cover profile: Ryan Specialty Group founder/CEO Pat Ryan.

Shareholder rebukes SCOR over Covéa battle

SCOR’s activist investors say suing its rival has already been too costly.

Eldon Insurance hit with fine over Leave.eu links

Eldon Insurance carried out two unlawful direct marketing campaigns, sending over one million emails to Leave.EU subscribers without consent.

CATCo execs out amid investigation

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.

Comments

Editor's comment: GDPR: which insurer will be whacked first?

Financial institutions are in a tizzy regarding the EU's General Data Protection Regulation due to its steep fines and extensive requirements- who will be the first insurers to feel the sting?

Senior reporter comment: After Brexit - FREE

It’s no exaggeration to say that in London on the morning of Friday June 24, there was an outbreak of grief, heartbreak and tears, following the news that Brexit had triumphed in the referendum and the UK was set to leave the EU.

Americas editor comment: Brexit's North American impact - FREE

The implications of the UK’s vote to leave the EU on the North American re/insurance industry remains opaque.

Editor's comment: Protectionism and Brexit - FREE

Protectionism is about the worst enemy that re/insurance faces, aside from Armageddon at the hands of war or natural catastrophe.

Editor's comment: China’s coming of age - FREE

China’s assets managed by insurers have doubled within four years, reaching around $2.1trn.

Americas editor comment: Latam growth elusive - FREE

Once the leading lights of the Latin American re/insurance industry departed the Ritz Carlton resort in Miami following our recent event, a couple of key issues stuck in the mind.

Garry Booth comment: Benmosche bio on AIG - FREE

If Carl Icahn is looking for holiday reading he might consider ordering the recently released autobiography of the late Bob Benmosche, writes Garry Booth, Reactions' contributing editor.

Reactions April digital issue online now!

This month's magazine issue celebrates 35 years of Reactions, plus features on terrorism, Iran sanctions, reinsurance broking and the run-off market.

Americas editor comment: LatAm opportunities and pitfalls

Protectionism and potential mark out Latin America as a region of opportunity but also frustration, writes Christopher Munro.

Interviews

Swiss Re’s Smith: NFIP is “unsustainable”

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.

Canada M&A good for reinsurers: Swiss Re’s Ludlow

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.

Albert Benchimol: Axis Capital ready to thrive

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.

Eiopa defends interim Solvency II measures

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.

NAIC seeks "mutual evaluation" with Solvency II

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’s Leonardo Paixão thinking beyond Brazil

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.

INTERVIEW: Frank O’Halloran – QBE’s Mr 15%

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: New York's insurance cop

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.

Latest Issue

February 2019

 

 In this month's Reactions

  • Pat Ryan
  • MENA outlook
  • Bermuda market overview
  • ESG focus
  • AIG's Tracie Grella
  • Swiss Re's Moses Ojeisekhoba,
  • Global Risk Report 2019

CLICK HERE TO READ THE LATEST ISSUE

 

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