DARAG Transaction Group Limited, a leading legacy acquirer, has announced the completion of the acquisitions of both The Underwriter Insurance Company Limited, a UK-based insurer in run-off, and of the previously announced Sale and Purchase Agreement with One Re Ltd, a London-based non-life reinsurance company.Read the full article here - … [Read more...] about DARAG Announces Completion of Dual Acquisitions in UK Expansion
Complex corporate structures and internal reinsurance relationships can complicate legacy reinsurance relationships. Larry Schiffer summarizes a recent SDNY case that dealt with one such complication in compelling arbitration. Read full article here - … [Read more...] about Who Demands Arbitration Is Key to Whether Arbitration Will Be Compelled
The reinsurance market has the potential to serve as a bellwether for climate change. Yet despite the frequency and severity of catastrophe losses linked to climate change, capacity remains plentiful.Read the full article here - http://www.rmmagazine.com/2019/04/01/will-climate-change-impact-reinsurance-rates/ … [Read more...] about Will Climate Change Impact Reinsurance Rates?
Adam Smith of the National Oceanic and Atmospheric Administration (NOAA) crunches the data, which reveals a worrisome unprecedented trend of billion-dollar weather and climate disasters.Read full article here - https://www.climate.gov/news-features/blogs/beyond-data/2010-2019-landmark-decade-us-billion-dollar-weather-and-climate … [Read more...] about 2010-2019: A landmark decade of U.S. billion-dollar weather and climate disasters
Fleming Re Holdings LLC (“Fleming Re”) recently completed the acquisition of AggCap Insurance, Ltd – AggCap II (“AggCap II”), a group captive in run-off providing workers compensation insurance for a large membership of California-based agribusinesses. The acquisition provides members of AggCap II with full legal finality, elimination of operating expenses, and a release … [Read more...] about Run-off Specialist Fleming Re Acquires AggCap II