With mounting novel coronavirus (COVID-19) liabilities straining insurers’ and reinsurers’ balance sheets, the pressing need to free the capital tied up in legacy portfolios can no longer be ignored. Sorting out legacy risk would not only … [Read More...] about Inflection Point: COVID-19 and resulting balance sheet pressures spur hunt for lasting legacy solutions
The New York Attorney General and the New York State Department of Financial Services are leaders in the efforts to fill in the regulatory gap in the wake of perceived reduction in federal enforcement.Read the full article here... … [Read More...] about Expect Increased New York State Regulatory Enforcement in the Banking and Financial Services Industry
The new UK legislation for companies in financial difficulty represents a fundamental shift in approach to restructuring in Europe and adds an important new tool to the UK restructuring framework. … [Read More...] about The New Restructuring Plan – In Depth
As COVID-19 continues to change our everyday way of life, its impact on the insurance/reinsurance industry also continues to develop. The reinsurance renewal process that many insurance companies recently went through exposes yet another impending … [Read More...] about Non-Concurrency Between Ceding Companies and Their Reinsurers for Communicable Disease Exclusions: The Next COVID-19 Shoe to Drop
Corporate Partner Dentons highlights the legal issues in assessing coverage for vandalism, looting, and related business interruption and civil authority claims.Legal InformationTo say we are living in unprecedented times in the … [Read More...] about Social Unrest: Covered or Not?