SiriusPoint Ltd., the Bermuda-based re/insurer, announced it has completed a ground-up loss portfolio transfer (LPT) of a portfolio of primarily reinsurance business with the legacy acquisition specialist Compre. This is the second LPT the companies have partnered on. Compre assumed approximately $1.3 billion of reserves and the LPT has been underwritten by Compre’s class 3B … [Read more...] about SiriusPoint Completes $1.3B Reinsurance Loss Portfolio Transfer With Compre
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Cyber Hype…
The last session of the 2023 Summer Membership Meeting education program was a presentation by Kenneth K. Suh and Alexander R. Cox of Locke Lord entitled Privacy And Cyber Exposures From The Collection Of Information. A video replay of this presentation is available in the AIRROC On Demand library. Key takeaways from this excellent presentation on the most up-to-date … [Read more...] about Cyber Hype…
Produced Water Claims – Making Waves for Legacy
Christopher De Carlo, Senior Technical Advisor, Environmental Insurance and Sandra Gaurin, Vice President – Client Services & Technical Support of the VERTEX Companies, LLC participated in a panel with Brian Margolies of Kaufman Borgeest & Ryan LLP to discuss legacy claims associated with produced water during the July 20, 2023 AIRROC Summer Membership Meeting. A video … [Read more...] about Produced Water Claims – Making Waves for Legacy
Where Are They Now? 2019 Trish Getty Scholarship recipient: Melissa Navrot
Established in 2012, an annual scholarship in honor of Trish Getty, founding Executive Director of AIRROC, is awarded to one exceptional undergraduate student studying insurance, risk management or actuarial science. AIRROC’s NextGen decided to catch up with a few past recipients and highlight where their careers have taken them. Natalie Weedman of the AIRROC NextGen Council … [Read more...] about Where Are They Now? 2019 Trish Getty Scholarship recipient: Melissa Navrot
Pesky Facts Result in a Denial of Summary Judgment in a Post-Settlement Allocation Case
Since the 1970s cedents and reinsurers have been battling over long-term environmental pollution damage. Disputes have arisen over the number of retentions that the cedent should take, the manner in which settlement with the insured should be allocated and other issues. In a recent case, a reinsurer sought summary judgment on a cedent’s breach of contract claim over a specific … [Read more...] about Pesky Facts Result in a Denial of Summary Judgment in a Post-Settlement Allocation Case
