Carolyn Fahey moderated a recent roundtable of legacy experts, featuring Paul Corver of R&Q, Matt Kunish of RiverStone, Stephen DiCenso of Milliman and Eric Haller of Fleming Re. Read More... … [Read more...] about The Run-Off Marketplace 2020
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Fortitude Re finalises acquisition of AIG’s legacy insurance business
Fortitude Group Holdings, LLC, the parent of Bermuda-based reinsurer Fortitude Re, has now completed its takeover of AIG’s legacy insurance businesses following the acquisition of Fortitude Life & Annuity Solutions, Inc. (FLAS) and Fortitude P&C Solutions, Inc. (FPCS). It was announced in late November 2019 that the Carlyle Group and T&D Holdings had partnered to … [Read more...] about Fortitude Re finalises acquisition of AIG’s legacy insurance business
The Hartford completes major sale
It’s a done deal for Premia Holdings and The Hartford, after the latter’s sale of Navigators Holdings (Europe) NV and its subsidiaries secured the required approvals from the National Bank of Belgium and the Commissariat Aux Assurances in Luxemburg. The acquired business, subsidiaries of which include Antwerp-headquartered property and casualty insurer Assurances … [Read more...] about The Hartford completes major sale
New York Now Requires Defendants To Provide Automatic Early Disclosure of Insurance Information
Defendants in New York are now required to automatically disclose expansive insurance information at the beginning of a lawsuit. Beyond just providing evidence of an insurance policy, the new version of the discovery rule CPLR 3101(f) now requires disclosures such as the contact information of an insurer’s claim adjuster and information about whether attorney’s fees have eroded … [Read more...] about New York Now Requires Defendants To Provide Automatic Early Disclosure of Insurance Information
The Excepted Foreign State Club Gets Bigger
The Foreign Investment Risk Review Modernization Act (FIRRMA) gave the Committee on Foreign Investment in the United States (CFIUS) enhanced powers in August 2018. Some reviews of foreign investments were mandated – especially investments in sensitive businesses by foreign governments and government-controlled entities. For the first time, FIRRMA expressly authorized review … [Read more...] about The Excepted Foreign State Club Gets Bigger
