There is no better way to begin a new year that to welcome five new Members to our community. AIRROC continues to grow and expand its network because of the value proposition we offer and what each of our Members bring to an organization with a … [Read More...] about AIRROC Continues to Build its Network Welcoming Five New Members
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Regulatory
NAIC Summer 2023 National Meeting Highlights
The Reinsurance (E) Task Force (“RTF”) of the US National Association of Insurance Commissioners (“NAIC”) held a virtual meeting on July 24, 2023, in lieu of meeting in person at the NAIC’s 2023 Summer National Meeting. In addition to routine matters … [Read More...] about NAIC Summer 2023 National Meeting Highlights
Excess and Surplus Lines Law Manual 2023 Update
We are happy to provide the 2023 edition of our Excess and Surplus Lines Law Manual. This edition reflects all of the pertinent changes in the surplus lines laws and regulations of the 50 states and U.S. territories during the past year. … [Read More...] about Excess and Surplus Lines Law Manual 2023 Update
Legal
What is the Practical Effect of an Honorable Engagement Clause?
Introduction Since time out of mind, the arbitration clauses of reinsurance contracts have included language to the effect that arbitrators shall consider the contract as an honorable engagement, rather than merely a legal obligation, are relieved … [Read More...] about What is the Practical Effect of an Honorable Engagement Clause?
Arbitration in the Courts
Southern District of New York twice finds that, under the McCarran Ferguson Act, Louisiana statute barring arbitration of insurance disputes reverse-preempts the New York Convention: Arbitration agreements were not “forum selection clauses” exempted … [Read More...] about Arbitration in the Courts
Events
Captive Finality Solutions
The intersection of the legacy sector and the captive market, particularly the options available to exit a captive or reduce the liabilities on the … [Read More...] about Captive Finality Solutions
Top Takeaways: “Understanding Mass Tort Liability Defeasance Transactions”
Simpson Thacher & Bartlett Restructuring Partner Michael Torkin moderated a panel titled “Understanding Mass Tort Liability Defeasance … [Read More...] about Top Takeaways: “Understanding Mass Tort Liability Defeasance Transactions”
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