Legal

Bermuda has entered the race to attract InsurTech innovators, seeking to become the second place, after Arizona, in the American hemisphere to provide a regulatory framework for companies to test new technologies on a limited number of customers.

Lloyd’s is using technology to expand its 4,000-strong network of coverholders and boost growth outside its main markets.

Lloyd’s has said its new Brussels hub is on track to start writing business for January 2019 despite the decision of existing European chief, Benno Reischel, to retire rather than take the helm of the new company.

When regulators act, organisations under their purview pay attention. At least, that’s the general idea.

Companies providing medico-legal services ran up “tens of millions of pounds” of debt to Munich Re-owned insurer DAS, a court heard today.

US timber giant Weyerhaeuser has filed a complaint at a Seattle court in a bid to force nine insurers to pay out up to $260mn in liability cover.

And it's off, sweeping past its rivals and getting into its stride. The ground is soft, the fences are steep but it's looking determined. Could it, possibly, win the day?

Wells Fargo's $1bn fine over force-placed auto insurance may end that woeful chapter for the third-largest US bank but National General, the carrier entangled in the scandal, remains under scrutiny, The Insurance Insider understands.

Insurers and brokers have found a US Senate ally in their drive to keep federal regulators from encroaching on the state-based system that has guided the industry for more than a century.

Cooley has added a team of East Coast lawyers to the Silicon Valley law firm’s practice focused on insurance, reinsurance and InsurTech ventures.

Wang Yincheng has reportedly pleaded guilty to corruption in the same week the former head of the defunct Chinese insurance regulator was charged with graft.

National Security Minister Wayne Caines explains how the island is creating a legislative framework for cryptocurrencies.