The grounds for vacating an arbitration award under the Federal Arbitration Act (“FAA”) are limited. For decades, however, parties have raised manifest disregard of the law as a ground for vacatur. Many courts have limited or rejected manifest disregard as a basis to vacate an arbitration award. In a recent decision, the Fifth Circuit Court of Appeals in a non-reinsurance case … [Read more...] about Fifth Circuit Definitively Rejects Manifest Disregard As a Ground for Vacatur of an Arbitration Award
Regulatory
Legacy market opportunity to collaborate with ILS highlighted at IRLA event
At the Insurance & Reinsurance Legacy Association (IRLA) annual Congress event held in Brighton today, speakers highlighted the opportunity to innovate alongside the insurance-linked securities (ILS) market and sources of alternative capital, to provide solutions to aid in exit liquidity and support casualty ILS transactions. At a media briefing held at the IRLA event, … [Read more...] about Legacy market opportunity to collaborate with ILS highlighted at IRLA event
I’m very positive on where the legacy market is and where it’s going: RiverStone International Group CFO
After a “fantastic” 2024 underpinned by a progressive global buildout and impressive year-on-year growth across all key metrics, Andy Creed, Group Chief Financial Officer (CFO) and UK CEO of legacy acquirer RiverStone International, is “very positive” on where the run-off market is going. Last week, at the annual IRLA conference in Brighton, UK, we spoke with Creed about … [Read more...] about I’m very positive on where the legacy market is and where it’s going: RiverStone International Group CFO
Non-life insurance run-off deals – Q1 2025 review
In contrast, deal activity across North America and the Rest of the World was relatively subdued in Q1. That said, conversations with market participants suggest that pipelines remain healthy in these territories, with brokers broadly optimistic about a pickup in legacy deal flow during the course of 2025. Many reinsurers reported strong 2024 earnings, bolstered by stellar … [Read more...] about Non-life insurance run-off deals – Q1 2025 review
RiverStone International announces loss portfolio transfer deal with Pacific Valley Insurance Company
Beverly, Massachusetts, 20 March 2025 RiverStone International today announced that it has signed an agreement with Pacific Valley Insurance Company, a wholly owned subsidiary of Lyft, to provide a loss portfolio transfer reinsurance (LPT) for a commercial auto liability (CAL) portfolio effective from 1 January 2025. Read More... … [Read more...] about RiverStone International announces loss portfolio transfer deal with Pacific Valley Insurance Company
