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. …
The change may make it easier, more attractive for non-U.S. based reinsurers to write more U.S. business In an abrupt departure from procedures that have been in place since World War II, the National Association of Insurance Commissioners took a …
No country has as many lawyers as the United States – more than 152,000 in California alone – three times as many as in all of France. Nor does any other country rely as heavily on the legal profession to …
In an abrupt departure from procedures that have been in place since Wold War II, the National Association of Insurance Commissioners has taken a first step towards scrapping the “full collateral” requirements imposed on non-U.S.-based reinsurers. In a motion, tabled …
5:00 p.m. on a Friday is usually associated with “TGIF” as the weekend begins. However, for much of the world this Friday at 5:00 p.m. (local time) it marks the beginning of a very special sporting event – the quadrennial …
Kinnect is dead! Long live Kinnect! Although Lloyd’s long troubled IT project was consigned to the flames last January (See IJ Website Jan. 24), a number of IT phoenix have risen from its ashes. “I think 2006 is going to …
Lloyd’s insurers have broadened their horizons considerably over the last few years. The major London-based players–Amlin, Beazley, Catlin, Hiscox, Kiln and Wellington are commonly known as the “Group (or ‘Gang’) of Six.” The reasons behind their expansion initiatives are deceptively …
For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at all — let alone for over …
For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at all–let alone for over three centuries–evinces …
In an announcement that surprised no one in London’s tight knit insurance community, Lloyd’s revealed that its selection committee had chosen Richard Ward, former head of the London-based International Petroleum Exchange (IPE), as its new CEO. The appointment of an …
