Kathleen Ehrhart, Partner, Smith Gambrell Russell, LLP, moderated a panel on “Bankruptcies and the Insurance Runoff Market: Impact and Implications” at AIRROC’s Chicago Regional Education Day on June 6, 2024. Panelists included Anthony Mormino, Senior Legal Counsel, Swiss Reinsurance America, and Shelly DeRousse, Partner, Smith Gambrell Russell, LLP. The panelists discussed the … [Read more...] about Bankruptcies and the Runoff Market
Sidebar/Content/Sidebar
R&Q confirms provisional liquidation in Bermuda to facilitate Accredited sale
Following evaluation from its Board, R&Q has confirmed that it will be filing for a provisional liquidation in Bermuda and that it expects the previously announced sale of Accredited to Onex Corporation to be implemented through that process. If you recall, on the 13th of June, R&Q released an update on the proposed sale of 100% of R&Q’s equity interest in … [Read more...] about R&Q confirms provisional liquidation in Bermuda to facilitate Accredited sale
Supreme Court Resolves FAA Circuit Split, Limiting Appealability of Orders Compelling Arbitration
The Supreme Court recently resolved a Circuit split addressing how district courts should proceed when they have found that all claims in a dispute should be compelled to arbitration. Smith v. Spizzirri, No. 22-1218, --- S.Ct. ----, 2024 WL 2193872 (U.S. May 16, 2024). The Federal Arbitration Act (“FAA”) provides that, once a court has referred a matter to arbitration, “the … [Read more...] about Supreme Court Resolves FAA Circuit Split, Limiting Appealability of Orders Compelling Arbitration
With R&Q set for liquidation, what future for Gibson Re sidecar and its investors?
R&Q Insurance Holdings Ltd. has this morning confirmed that it is filing for a provisional liquidation in Bermuda, raising questions over the future of its collateralised legacy sidecar vehicle Gibson Re. R&Q has been through the wars, both in terms of persistent historical reserve deterioration, a debt-load that has shackled the company, and some might call them … [Read more...] about With R&Q set for liquidation, what future for Gibson Re sidecar and its investors?
To Buy Prospective or Retrospective Reinsurance – That is the Question
As the panel of John Levy (SwissRe), Angela Sampson (Guy Carpenter), and Dustin Loeffler (Aon), moderated by Jose Martinez (SwissRe) explained, for those looking for assistance in growth, capital management, protecting against volatility, and desiring sufficient risk management, reinsurance is a good choice. Given the panel’s varied backgrounds as actuaries, they cited the … [Read more...] about To Buy Prospective or Retrospective Reinsurance – That is the Question
