Acrisure said it has acquired TEn Insurance Services Ltd. As part of the acquisition, TEn will go to market as Eleven Network. The deal is expected to close in the near term, pending FCA regulatory approvals. Terms were not disclosed. Since 2005, TEn has been providing services for industry professionals operating as appointed representatives (ARs). Read More... … [Read more...] about Acrisure Acquires TEn, Will Go to Market as Eleven Network
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Enstar Completes Loss Portfolio Transfer with RACQ
HAMILTON, Bermuda, June 02, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has closed a previously announced Loss Portfolio Transfer agreement with RACQ Insurance Limited (“RACQ”) to reinsure 80% of RACQ’s motor vehicle compulsory third party insurance liabilities, covering accident years 2021 and … [Read more...] about Enstar Completes Loss Portfolio Transfer with RACQ
Opportunities increase as IRLA Congress highlights the need for expertise
Steven Goate reveals discussions at the Insurance and Reinsurance Legacy Association (IRLA) Congress 2023, point to a dynamic market and one which will require a range of services which will see Davies in demand. Once again, the IRLA Congress saw the market come together for a sold-out event, which was not short of topics to discuss. Those topics were broad and diverse, with … [Read more...] about Opportunities increase as IRLA Congress highlights the need for expertise
Back-to-Back and Belly-to-Belly: Coextensive Reinsurance Coverage
When a ceding insurer purchases reinsurance, it generally expects that its reinsurer will respond to the ceding insurer's claims to the same extent that the ceding insurer covers the underlying claim unless otherwise stated in the reinsurance contract. In other words, ceding insurers often expect back-to-back reinsurance coverage. While this is not true in every reinsurance … [Read more...] about Back-to-Back and Belly-to-Belly: Coextensive Reinsurance Coverage
Arbitration in the Courts
DC district court reaches conflicting decisions whether EU high court’s landmark decision deprives US courts of jurisdiction to enforce investors’ arbitral awards against Spain. 9REN Holding SARL v. Kingdom of Spain, No. 1:19-cv-1871-TSC (D.D.C. Feb. 15, 2023); Blasket Renewable Investments LLC v. Kingdom of Spain, No. 21-3249 (RJL) (D.D.C. March 31, 2023). The Slovak … [Read more...] about Arbitration in the Courts
