-
February 2012
A case marking the first time the UK Financial Services Authority (FSA) lost a judicial review concerning its own investigations could have implications for insurers.
-
The insurance departments of California, Washington state and New York are to require insurers to respond to the Climate Risk Survey adopted in 2009 by the NAIC.
-
Feature: Woeful investment returns, cat losses and evolving regulatory pressures are causing concern for Bermuda’s insurers and reinsurers.
-
Bermuda’s insurers and reinsurers have weathered a torrid 2011 for catastrophes and are now looking optimistically forward to this year, with further price increases and M&A the talk of the island.
-
The US Supreme Court has refused to delay the implementation of a $104m judgement against Louisiana Citizens Property Insurance.
-
January 2012
John Stratton, who joins from Insurance Australia Group, will oversee Brit’s investment and asset management activities.
-
Comment: Insurers have issued an ultimatum to the UK Government to produce a solution to sustaining universal flood coverage, says Garry Booth, Reactions’ contributing editor.
-
Insurance trade associations settle foreign investment litigation with the California Department of Insurance.
-
A spokesperson for Michel Barnier has denied reports that the Solvency II implementation could be pushed back by as much as two years.
-
Comment: Guy Carpenter’s reinsurance renewals report included a handy checklist of the big themes facing the global insurance and reinsurance market this year. it is noticeable what themes don’t make the list, says Michael Loney, managing editor of Reactions.
-
A $420m asbestos ruling in favour of Travelers has been upheld by a New York appellate court.
-
The Bermuda insurance and reinsurance market remains “nimble” and resilient, according to a recent report from Fitch, but the firm warned that challenges to the domicile’s advantages remain likely.
-
The Geneva Association, alongside Swiss Re and the CRO Forum, recently organised the 7th CRO Assembly for insurance professionals. Here Patrick Liedtke, secretary general and managing director of The Geneva Association, reflects on the meeting.
-
Sarah Dalgarno joined Arthur J Gallagher in 2006, and just a year later was promoted to chief risk officer and appointed to the board. Here she tells Garry Booth how the job has changed beyond all recognition.
-
Frank Fiorille, director of risk management at Paychex, tells Garry Booth how he transformed the risk management discipline from a bottom-line protection measure to a “strategic value-creation engine”.
-
Comment: They say that spanking is a peculiarly English vice, but whiplash is popular too, says Garry Booth. And perversely, much of the pain being felt by insurers is self-inflicted. The industry is now being called on to abandon “sharp practices”.
-
A UK court has annulled Quinn Insurance founder’s bankruptcy judgement, to the relief of Ireland's IBRC.
-
In light of Solvency II guidelines on how to implement Own Risk and Solvency Assessment (ORSA), many firms are looking closely at how risk and the business work together, says RSA Group CRO Jon Macdonald
-
Solvency II is far from perfect, but it must be kept on track, argues Philippe Trainar, CRO at Scor.
-
Lloyd's chairman John Nelson has mentioned underwriting discipline, Solvency II implementation and market modernisation as top priorities for 2012.
-
The country’s insurance regulator believes new standard setting is essential for “sound management” of insurers’ funds.
-
Brazilian insurance authority has approved the re/insurer’s plans to set up insurance unit that will offer specialty insurance products.
-
The broker association’s new tools will help its members comply with obligations under the Terrorism Act as well as FSA requirements.
-
Equity Red Star failed to better manage its cash reserves and keep track of claims payments, says Lloyd’s.
-
The December 2011/January 2012 issue of Reactions is now online. Click through to read a selection of stories from the issue.
-
The Liberty Mutual subsidiary has appointed Flagstone Re’s Rene Dubois to lead business advisory unit.