Risk, Re-/Insurance and Future Thinking
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by Jolyon on 20 November, 2009
On November 9, an en banc opinion of the Fifth Circuit Court of Appeals ruled that arbitration provisions in international reinsurance contracts are enforceable despite a Louisiana statute prohibiting arbitration agreements in insurance contracts.
In Safety Nat’l Cas. Ass’n v. Certain Underwriters at Lloyd’s the Underwriters provided reinsurance for excess policies issued to a workers compensation [...]
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by Jolyon on 14 November, 2008
This article from the NYT does not make happy reading for D&O carriers.
It’s about a mortgage underwriter at WaMu, and is a telling, salutory tale (like so many that are emerging) of corporate greed and, more to the point, stupidity.
“If a loan came from a top loan officer, they didn’t care what the
situation was, you [...]
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by Jolyon on 6 November, 2008
The new administration, struggling to deal with the largest deficit in over 50 years, will have to look into all sorts of ways to raise revenue and plug perceived holes.
One of those is to tax those evil offshore reinsurers who write US business but then, oh horror, reinsure it in Bermuda, one effect of which [...]
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by Jolyon on 8 September, 2008
Willis boss Joe Plumeri tells the FT that without serious (think $50bn-$100bn) catastrophe losses, it could be the end of 2009 or into 2010 before rates recover.
>”All the signs are that I don’t think the soft market is going to last a long long time . . . but it does not seem to be [...]
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