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Insurance commissioner Lara says policyholder cover must remain in place through the pandemic.
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The carrier failed to secure sufficient investor interest for the transaction.
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Despite major increases reinsurers seem underwhelmed by the scale of the re-rating.
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The deal will allow Lighthouse to write business in Florida through Prepared Managers LLC.
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The book of occupational disease liability is highly volatile and payouts can be significant.
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The loss aggregator lifts the tally by EUR10mn from its previous prediction.
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APRA chairman Wayne Byres tells lawmakers carriers remain sufficiently capitalised to respond to new events.
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Underwriting income for the industry climbed $4.9bn from the previous year, driven by growth in net premiums earned, according to AM Best.
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The law would make it harder for attorneys to use contingency risk multiplier fees.
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The delayed whiplash reforms could prove a damp squib, to the entire industry’s detriment. -
Hannover Re takes a key role alongside leader Munich Re in the world’s largest terrorism retrocession placement.
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Aspen is the latest to pass the risk of unfavourable reserve development on to reinsurers.
