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Latest Legal & Regulation News

AM Best affirms ratings of Fairfax & subsidiaries

Stable credit rating given in addition to affirmation.

American Club & ABSG: maritime cyber security important

Two join forces in call for more education and training plus insurance guidance.

AXA XL gets green light for reinsurance subsidiary in China

CBIRC gives permission for XL Insurance (China) to have a reinsurance licence.

DARAG completes LPT transaction with Zurich

Transfer of portfolio given green light by regulators.

AGCS unveils plan to regain profitability

Company announces shakeup of divisions as it refocuses strategic direction.

Howden report claims M&A insurance capacity crunch ahead

Report based on claims data that stretches back over the past five years.

HM Treasury to review Solvency II in Brexit announcement

Capital rules for insurers to be looked at as part of regulatory review driven by Brexit.

W.R. Berkley announces executive promotions

Two executives promoted to more senior positions.

New marine cargo insurance clause announced for London ma...

Modern slavery targeted by group of companies involved in insurance.

Comments

Why ‘PRIA’ can’t just be TRIA

The federal backstop cannot serve as an off-the-shelf solution for Pandemic Risk Insurance, Jason Schupp writes.

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.

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

May 2020

 

In this month's Reactions

  • Special report on the impact of COVID-19
  • Insurance CIO perspectives
  • Construction market review
  • LatAm in focus

CLICK HERE TO READ THE LATEST ISSUE

 

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