Christine M. Fleming and Alex M. York, of Milliman provided a compelling presentation on the complexities of federal black lung claims at the AIRROC Spring Membership meeting. As coal continues to decline - the number of jobs nationwide fell to about 40,000 last year from 175,000 in the mid 1980s - you would anticipate that the number of claims for black lung occupational … [Read more...] about Challenges of Reserving Federal Black Lung Liabilities
Regulatory
DARAG acquires Guernsey reinsurance captive
DARAG has acquired a Guernsey-based reinsurance captive, marking the group’s second transaction in Guernsey and reinforcing its position in the market and across Europe. Having been in run-off since 2019, the captive’s transaction with legacy acquirer DARAG is part of its cedant owner’s strategic alignment to streamline its business focus. The key business lines of the … [Read more...] about DARAG acquires Guernsey reinsurance captive
Swiss Re acquires Champlain Re in legacy deal
Reinsurance giant Swiss Re has acquired Champlain Reinsurance Company (Champlain Re), a Swiss based run-off reinsurance captive of Alcan Holdings Switzerland AG, a member of Rio Tinto Alcan, in a legacy transaction. Champlain Re’s remaining reinsurance liabilities consist mainly of General Liability and Workers’ Compensation exposures of the Rio Tinto Alcan Group. The … [Read more...] about Swiss Re acquires Champlain Re in legacy deal
Meet Randi Ellias: Notable Woman in Reinsurance
When Randi joined the Butler Rubin law firm in Chicago over 25 years ago, she was fresh out of law school and eager to get to work. She had served as a summer clerk at the firm and enjoyed the people and the firm culture. Her journey began in the area of reinsurance arbitration and litigation, and often she was the sole woman in the room. In fact, during her first reinsurance … [Read more...] about Meet Randi Ellias: Notable Woman in Reinsurance
Number of completed mergers and acquisitions rose in 2021: Clyde & Co
The number of completed merger and acquisition deals in the insurance sector last year leaped from 407 to 418, according to Clyde & Co’s latest Insurance Growth Report. The report said that the surge was driven by a particularly strong second half of the year, which saw 221 deals, up from 197 in the first six months. The Americas remained the most active region for … [Read more...] about Number of completed mergers and acquisitions rose in 2021: Clyde & Co
