All new legacy deals will require pre-transaction review and approval by Lloyd's as of 1 January 2025. Read More... … [Read More...] about Lloyds introduces new legacy review and approval requirements for 2025
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AIRROC UPDATE
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Regulatory
Diamond’s Negotiation Tactics Sparkle
Stuart Diamond’s Getting More: How to Negotiate to Achieve Your Goals in the Real World Negotiation Strategies: Tips for Establishing Connection and Optimizing Results Series: Part 7 Books on negotiation come and go, but occasionally one … [Read More...] about Diamond’s Negotiation Tactics Sparkle
RiverStone International Announces Loss Portfolio Transfer Deal with QBE
Hamilton, Bermuda, August 9 2024 – RiverStone International today announced an agreement with QBE to provide a Loss Portfolio Transfer reinsurance (“LPT”) for various QBE subsidiaries, including their Lloyd’s syndicates. This transaction covers a … [Read More...] about RiverStone International Announces Loss Portfolio Transfer Deal with QBE
Legal
Talc-Related Matter Filings Predictably Increase, As New Bankruptcies Are Filed
Observers of filing trends in personal injury mesothelioma matters alleging exposure to talc contaminated with asbestos have noted that the bankruptcy filing of a predominant defendant in those matters did little to slow the pace of such filings. … [Read More...] about Talc-Related Matter Filings Predictably Increase, As New Bankruptcies Are Filed
I Shall (Not) Be Released: With Purdue Pharma Decision, US Supreme Court Remakes Chapter 11 Landscape
They say every man needs protection, they say that every man must fall.1 For over 40 years, “the bankruptcy community has recognized the resolution of mass tort claims as a widely accepted core function of bankruptcy courts,” and a “key feature in … [Read More...] about I Shall (Not) Be Released: With Purdue Pharma Decision, US Supreme Court Remakes Chapter 11 Landscape
Events
AIRROC Abroad
September was a busy month as I travel across the pond for the London Regional Education Day hosted by Kennedys and then on to Monte Carlo for the … [Read More...] about AIRROC Abroad
Transactions, Transactions, Transactions – What is New and Notable in Runoff Structures?
The closing educational session of the July 2024 AIRROC Summer Membership Meeting was led by panelists Dareen Amireh, SVP, QBE North America, Charles … [Read More...] about Transactions, Transactions, Transactions – What is New and Notable in Runoff Structures?
Emerging Claims
Insurers need to change business models to drive climate resiliency, report shows
New research published from Capgemini and Efma’s recent World Property and Casualty Insurance Report reveals that climate change is hurting the … [Read More...] about Insurers need to change business models to drive climate resiliency, report shows
Climate Change and Reinsurance
Climate change is an existential risk to human life. But, before we get to life as we know it potentially disappearing, this commentary will discuss … [Read More...] about Climate Change and Reinsurance