All Legal articles – Page 11
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Press victory “disappointing” says Bermuda premier
The press in Bermuda has won the right to print the contents of a leaked police file which names the premier, Dr Ewart Brown
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Marsh supports ten year extension of TRIA
Marsh has presented testimony before a Congressional subcommittee in support of the ten-year extension of TRIA
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EC urges insurers to adopt Solvency II
The head of the insurance unit of the European Commission has urged the industry to continue preparing for Solvency II
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Online onlyTRIA renewal produces controversy
Controversy over the proposed renewal of TRIA surrounds the NBCR provision and ten-year extension
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Online onlySidecars becoming a global solution
Previously the domain of just a handful of other jurisdictions, sidecars are becoming a global reinsurance solution
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Online onlyBermuda premier named in corruption file
Can the Bermuda insurance industry remain unaffected by the current political climate on the island?
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Bermuda is not the “wild wild west” says premier
Bermuda premier Ewart Brown has released a statement asking the press not to scandalise Bermuda’s reputation
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Online onlyLloyd’s governance to be modernised
Lord Levene has welcomed UK government's moves to bring LLoyd's governance in line with modern practices
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Carvill wins in case against XL
A court in the US has ruled in Carvill's favour in a case between the broker and XL Specialty Insurance
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ACE encouraged by TRIA extension bill
ACE has given its backing to the Terrorism Risk Insurance Revision and Extension Act of 2007
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Converium sets a date for board and CEO resignations
Converium will transfer all managerial control to SCOR at an extraordinary general meeting on 16 August
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Liberty Mutual backs TRIA extension bill
Liberty Mutual is adding its support to a new bill proposing the long-term extension of the Terrorism Risk Insurance Act
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Zurich American fined over WTC documents
Zurich American and two law firms accused of trying to delete coverage documents
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Online onlyHard market reduces syndicate run-off
The current hard market has seen a drop in the number of Lloyd’s syndicates going into run-off
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Online onlyBrokers settle in Lloyd’s Central Fund dispute
Lloyd’s has reached a settlement with Aon and Benfield in relation to the New Central Fund dispute
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PCI urges US state not to copy Florida
The PCI is urging South Carolina not to allow its "market of last resort" to undercut rates offered in the private market
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Features
Passport to success
Will passporting rights and favourable tax rules in some European countries give them the edge when it comes to attracting new business? The Reinsurance Directive is about to become law across Europe, and when it does, the balance of power could shift. Liz Booth reports
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Out of the loop
Two recent cases have highlighted potential issues associated with an insurer’s requirement to notify its reinsurer in D&O claims. Colin Peck outlines the dangers for reinsurers of using standard notification clauses
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FeaturesMass exodus
Is Bermuda losing its shine? New time limits on work permits could force out 10,000 workers and this could spell the start of a slow decline of the reinsurance paradise, warns Roger Crombie
