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The state’s newly signed insurance business transfer law goes into effect in November. -
This publication's legacy survey found just 29 percent of the market were hopeful the Rhode Island legislation would serve as an effective transfer mechanism in the coming year.
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The deal is the first since Darag and New Nordic forged their partnership.
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This publication's latest legacy survey finds the sector is having something of a “moment”.
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Simon Hawkins will join the legacy carrier in the third quarter.
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Shareholders to vote on run-off resolution for London-listed fund.
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The legacy carrier sustains mark-to-market losses of $143mn in Q1.
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Agreed bidder Quest's delay in securing a related regulatory approval prompts contingency planning.
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The executive said the run-off legislation may not be "the solution that some people think it might be".
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Even some of the largest run-off companies could find themselves exempt from Solvency II-related external audit requirements.
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The R&Q chairman and CEO tells this publication insurers will react to disappointing payback at recent renewals.
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The legacy carrier continues to work on a replacement for CEO-designate Tom Booth.
