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Fortitude Re Announces Long-Term Care and Individual Disability Insurance Reinsurance Agreement with Unum Group

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HAMILTON, Bermuda–FGH Parent, L.P., (together with its subsidiaries, “Fortitude Re”), a leading global reinsurance company, today announced the signing of a reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. (“FRL”) and Unum Life Insurance Company of America (“Unum”), a subsidiary of Unum Group (NYSE: UNM). Upon receipt of regulatory approvals … [Read more...] about Fortitude Re Announces Long-Term Care and Individual Disability Insurance Reinsurance Agreement with Unum Group

RiverStone International announces loss portfolio transfer deal with Pacific Valley Insurance Company

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RiverStone International today announced that it has signed an agreement with Pacific Valley Insurance Company, a wholly owned subsidiary of Lyft, to provide a loss portfolio transfer reinsurance (LPT) for a commercial auto liability (CAL) portfolio effective from 1 January 2025. Read More... … [Read more...] about RiverStone International announces loss portfolio transfer deal with Pacific Valley Insurance Company

Arbitration in the Courts

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New York appellate court holds that prior arbitration award precluded claim by party’s affiliate under doctrine of res judicata: Non-party to arbitration was precluded from bringing breach of contract claim when the same issue was or could have been adjudicated by a related party in a prior arbitration. The doctrine of res judicata or claim preclusion prevents parties from … [Read more...] about Arbitration in the Courts

Lifeguards On Duty – The ECRA Pool

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The Excess & Casualty Reinsurance Association Pool (“ECRA Pool”) is one of the largest legacy reinsurance pools spanning decades and involves many insurers and reinsurers in the runoff market.  With the demise of R&Q, the ECRA Pool was brought to an abrupt halt in September 2024.  Rick Dupree (The Travelers Companies), Judy Harnadek (Resolute Management, Inc.), Andrew … [Read more...] about Lifeguards On Duty – The ECRA Pool

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