The US Second Circuit Court of Appeals has ruled that the federal Liability Risk Retention Act (LRRA) categorically preempts a New York State statute that allows a direct action lawsuit against a risk retention group...
Guy Carpenter & Company, LLC, a member of Marsh & McLennan Companies, reports that the 1 April 2014 renewal was marked by price reductions and more tailored reinsurance coverage...
Willis Capital Markets and Advisory (WCMA) has seen the investor base broaden during Q1 2014, according to its quarterly report...
Global reinsurers are expected to report solid underwriting profitability for the Q1 2014 as catastrophe loss events were limited, according to Fitch Ratings...
The quarrel between the NAIC and New York insurance regulators as to how captives should be best overseen is creating an uncertain regulatory environment, said Fitch Ratings...
MFC Industrial’s board of directors has appointed James Carter as CFO, Peter Kellogg as chairman and Shuming Zhao as a director of the company to fill the vacancy created as a result of the recent passing of Ian Rigg...
GC Securities has confirmed the placement of principal at-risk notes worth $100 million through a newly formed catastrophe bond, Queen Street Re IX Limited, to benefit Munich Re...
A proposed tax reform in New York could result in a significant tax increase for captives, according to Sutherland Asbill & Brennan LLP...
