Legal

The legislation must now be approved by lawmakers in the Senate.

The Terrorism Risk Insurance Program Reauthorization Act (Tripa) will now go before the US Senate.

Eight candidates remain on the shortlist to succeed Franchini, according to the Associated Press.

On Friday this publication revealed that the board of Argo would seek to make insider Kevin Rehnberg the permanent CEO, having earlier appointed him interim chief.

Implementation of the framework will follow a five-year monitoring period from January.

The dispute is the fourth such case filed against the insurer in recent months.

Wholesale broker Burns & Wilcox has named Suzette Torres as Houston office managing director.

The ACPR’s stance blows a hole in Eiopa’s vision of a network of national frameworks to provide for contract continuity.

Aon said that it has lost two clients, including one it had for over 20 years, in the past two weeks after several employees left for Alliant.

Hurricane season is drawing to a close and wildfires in California are dwindling. But now another “storm” with massive potential impact is gaining strength, and starting to wreak havoc on insurers’ bottom lines.

The company was seized by the state last year as its chairman was prosecuted for “economic crime”.

The UK regulator says it will mandate skilled persons reviews if it has particular reserving worries.