An insurance broker going out of business can mean many complications for its clients and insurance partners. William Sturge, partner at Carter Perry Bailey, tries to navigate and make sense of the complex situations that can arise when this occurs.
Dr. Matthew Bianchi describes how Malta has led the field in allowing Protected Cell Companies to flourish.
Construction and engineering represent the backbone of most countries’ economic growth. But underpinning this is the myriad of insurance and reinsurance contracts covering the risks that the sector faces.
There has been much speculation as to whether insurers’ exposure to Greece should be cause for concern. Federico Faccio at rating agency Fitch gives his take on the risks for insurers and how they built up in the first place.
While Australian and New Zealand perils have traditionally been eagerly sought by global re/insurers seeking diversification, a series of costly natural catastrophes in the region has forced the industry to re-evaluate these risks and seek better data.
Negotiating a mutually beneficial deal is tough at the best of times. But in the current soft market, it is harder than ever for insurers to impress their corporate clients, which very much have the upper hand when it comes to negotiations.
The recent Tohoku earthquake in Japan combined with other catastrophes in Asia will slow declines in property-catastrophe rates for US business in the June/July renewals. But a true hard market remains another major catastrophe away.
The recent earthquake and subsequent tsunami off the coast of Japan represent an opportunity for risk modelling agencies and reinsurers to push for changes that could prevent such devastating damage and losses from such events in the future.
As part of our annual legal survey, Intelligent Insurer asked insurance and reinsurance industry executives which lawyers and law firms they lay their trust in. The results give an interesting insight into which law firms lead the market in different specialties.
During his two years at the helm of US specialty insurer Ironshore, chief executive Kevin Kelley has overseen rapid growth in terms of premium income and scope of business.