Reinsurance Archives - Page 44 of 47 - Insurance & Reinsurance

Other States Contemplate Following N.Y.’s Lead to Change Foreign Reinsurer Collateral Requirements

Nov 2, 2007 | Florida Developments, New York Developments, Regulatory, Reinsurance | United States

In the wake of New York Superintendent Eric Dinallo’s announcement that New York was changing the rules surrounding collateral requirements for foreign reinsurers, it was reported last week that several other U.S. states are contemplating similar changes.

Court Rejects Cedent’s Argument that the “Follow the Fortunes” Clause Should be Implied into a Facultative Certificate and Binds Cedent to its Initial Settlement Allocation

Oct 24, 2007 | Reinsurance | United States

In a recent decision originating from the United States District Court for the Western District of Oklahoma, Oklahoma v. Employers Reinsurance Corp., No. Civ-06-0426-HE, (W.D. Okla. Sept. 13, 2007), the court refused to imply a “follow the fortunes” clause into a facultative certificate in the absence of the explicit inclusion of such a term by the parties.

Connecticut Federal Court Rules that Certain Communications Between a Cedent and Reinsurer in a Hurricane Katrina-Related Case are Not Protected by the Work-Product Privilege

Oct 24, 2007 | Catastrophe Claims, Connecticut Developments, Coverage & Claims, Reinsurance | United States

In a case arising out of Hurricane Katrina-related damages, the United States District Court for the District of Connecticut ruled that communications between a cedent and reinsurer that were prepared in the ordinary course of business are not protected by the work-product privilege.

New York Insurance Superintendent Proposes Change in Collateral Requirements for Non-New York Admitted Reinsurers

Oct 19, 2007 | New York Developments, Regulatory, Reinsurance | United States

On Thursday, New York Superintendent of Insurance Eric Dinallo proposed a regulation seeking to eliminate the existing collateral requirements imposed on foreign and alien reinsurers operating in New York.

NAIC Shares its Proposal to Modernize Reinsurance Regulation with the IAIS

Oct 19, 2007 | Regulatory, Reinsurance | United States

Earlier this week, the NAIC announced its proposal, as discussed in our June 7, September 12 and October 9 postings, to modernize U.S. reinsurance regulation to its international counterparts during a panel discussion at the 14th Annual Conference of the International Association of Insurance Supervisors (IAIS).

Reinsurance Under 40’s Event to Take Place on October 25, 2007 in New York

Oct 16, 2007 | Industry Developments, Reinsurance | United States

On October 25, 2007, Edwards Angell Palmer & Dodge will sponsor the first event of the U.S. chapter of the Reinsurance 40 and Under Group (“Reinsurance Under 40s”), a new and exciting organization open to all professionals in the reinsurance industry under the age of 40.

U.S. Insurers Urge Congress to Modify Provisions of Current Tax Law Related to Foreign Insurers

Oct 15, 2007 | Federal Legislative Developments, Industry Developments, Regulatory, Reinsurance, Tax Related Developments | Bermuda, United States

On September 26, 2007, William R. Berkley, Chairman and C.E.O. of W.R. Berkley Corporation, the ninth largest commercial insurer in the U.S., addressed the Senate Finance Committee concerning an alleged flaw in the current U.S. tax system that provides certain economic advantages to foreign property and casualty insurers domiciled in favorable tax jurisdictions, such as Bermuda.

Connecticut AG Files Complaint against Guy Carpenter and Excess Re – Direct Summary

Oct 15, 2007 | Antitrust, Connecticut Developments, Industry Developments, Reinsurance | United States

On October 9, the Connecticut Attorney General (the “CT AG”) filed a Complaint against Guy Carpenter and Excess Reinsurance Inc. The Complaint is 107 pages long and contains numerous highly-disputed allegations about the structure of the reinsurance markets over the last fifty years as well as hotly contested claims about the activities of the participants in certain reinsurance facilities.

Washington Federal Court Finds that Facultative Reinsurer is not Obligated to Pay a Loss Outside the Scope of the Underlying Policy

Oct 11, 2007 | Reinsurance | United States

Recently, the United States District Court for the Western District of Washington held that a facultative reinsurer was not bound to follow the fortunes of its cedent for a loss that was outside the scope of the reinsured policy and not paid in good faith.

NAIC Reinsurance Task Force Considers Modernizing Reinsurance Regulation

Oct 9, 2007 | Regulatory, Reinsurance | United States

This blog serves as an update to our June 7 and September 12 postings.

Last week, we attended the Fall NAIC meeting in Washington D.C. During the meeting, the Reinsurance (E) Task Force discussed a proposal to modernize current reinsurance regulation.

Topic: Reinsurance

Other States Contemplate Following N.Y.’s Lead to Change Foreign Reinsurer Collateral Requirements

Court Rejects Cedent’s Argument that the “Follow the Fortunes” Clause Should be Implied into a Facultative Certificate and Binds Cedent to its Initial Settlement Allocation

Connecticut Federal Court Rules that Certain Communications Between a Cedent and Reinsurer in a Hurricane Katrina-Related Case are Not Protected by the Work-Product Privilege

New York Insurance Superintendent Proposes Change in Collateral Requirements for Non-New York Admitted Reinsurers

NAIC Shares its Proposal to Modernize Reinsurance Regulation with the IAIS

Reinsurance Under 40’s Event to Take Place on October 25, 2007 in New York

Connecticut AG Files Complaint against Guy Carpenter and Excess Re – Direct Summary

Washington Federal Court Finds that Facultative Reinsurer is not Obligated to Pay a Loss Outside the Scope of the Underlying Policy

NAIC Reinsurance Task Force Considers Modernizing Reinsurance Regulation

Search

InsurTech

Jurisdictions

Topics

Archives

Email the Editor

Share

Locke Lord LLP

Follow Us