Legal
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Munich Re-led programme wraps around £75mn terror cat bond.
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The mutual now has a long-term credit rating and financial strength rating of BBB+.
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We would all agree that you can’t hold a pre-schooler to the same standards of behaviour as their parents.
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The increased consideration of ESG stems from greater oversight from a variety of sources.
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Leave clients to decide how they want to pay – it’s their money after all.
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Combined profits held level at $4.9bn across 2017/18 despite a five-point worsening in the mutuals’ aggregated combined ratio.
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The reinsurer is also suing Covea entities, the mutual’s CEO and Rothschild in France.
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The former executives allege the company terminated them to avoid paying $77mn in incentives. -
A Washington state regulator hit Illinois Union with a cease and desist order against underwriting the policies.
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It was shaping up to be a weapons-of-mass-destruction kind of inquiry.
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Intermediaries celebrate positive outcomes from a year-long regulatory review.
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Despite what the regulator says, pay-to-play does exist, as do conflicts of interest that are hard to manage.
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