Insurance may be local, but it doesn’t have to be handled exclusively in the state, or even the country, where it’s needed. For the surplus lines market that means Lloyd’s, which explains the annual visit to London of the top …
The insurance industry’s excess and surplus lines (E&S) sector has experienced a pronounced reversal of position in the last 20 years. Once considered a mere adjunct, a safety valve for risks that were too hard to cover in the standard …
European PLUS D&O conference panelists say D&O claims and the demand for coverage are going global Nortel Networks – $2.4 billion settlement; Royal Ahold – $1.1 billion settlement; Vivendi Universal – billion dollar settlement pending. None of these companies are …
European PLUS conference explores an emerging international D&O market Maybe it’s part of the globalization process; maybe it’s due to the increasing sophistication of private investors and fund managers, or maybe it’s the legal profession prospecting for additional income sources. …
The Securities and Exchange Commission, which has been investigating a number of finite reinsurance transactions for the past two years, lowered the boom on three former officers of the Bermuda-based reinsurance group Renaissance Re. The government agency charged with regulating …
Sir Isaac Newton’s third law of motion — “For every action, there is an equal and opposite reaction” — wouldn’t appear to have much to do with the insurance industry. If the Street thinks about it at all, it’s probably …
For the first time in two years the high and mighty from the reinsurance world gathered for their annual Rendezvous in Monte Carlo without having to face the consequences of an ongoing catastrophe (Ivan in 2004 and Katrina last year). …
As the surplus lines world turns to another year of soft market conditions, specialists and innovators may be the ones to survive as increasing competition intensifies, according to excess and surplus lines brokers, wholesalers and insurers. “It’s as competitive as …
XL E&S President John DiBiasi is the type of insurance professional any company would love to have working for them. That’s why XL’s success in convincing him to leave Scottsdale, Ariz.-based Nautilus Insurance Company last year to head the company’s …
For the insurance industry, global controversies tend to obscure some equally important debates going on in smaller forums around the globe. The principal controversy in the U.S. revolves around state vs. federal regulation of the industry, which poses fundamental questions. …
