Solvency II – A Burden or an Opportunity for Captives?

euro-clock

The reality of Solvency II is now dawning on the whole insurance industry. After years of speculation and, in the case of many, millions of euros of expense and additional regulatory capital, insurance company owners are bracing themselves for pillars … Continue reading →

Cyber-Crime: Coming to a Law Firm Near You

cyber crime

Cyber-crime is a growing problem and is considered to be more profitable than the drugs trade. Small and medium sized firms are being targeted by cyber-criminals because they consider their systems to be unsophisticated and the information stored valuable, but … Continue reading →

Contradictory Obamacare Rulings Leave Employers Wondering

split decision

Two circuit courts have come to different conclusions regarding a key component of the Patient Protection and Affordable Care Act (“PPACA”): whether subsidies are available for coverage on the exchanges run by the federal government or only for those exchanges … Continue reading →

Environmental Liability Today: Good Risks, Good Rates

Mold Mildew Wall

Given the breadth of exposures covered by today’s environmental liability insurance policies, and the highly competitive marketplace for most classes of business, it’s a fantastic time for companies to investigate coverage options if they haven’t done so for a while—and … Continue reading →

The Next Big Thing in Banking May Not be a Bank

v

“Chase or Google?” my colleague challenged me, asking which would be more important in ten years’ time. The answer may well be neither. Continue reading →

Rate Reductions of Up to 30% in Construction, Property & Casualty

Willis CPC: Property Rating Trends, 2014 Q1-2

Following an unconventional 1st January treaty renewal season, the big question on the lips of corporate buyers and their advisers is how much of this reinsurance cost reduction will insurers pass on to them? Continue reading →

Greenpeace Targets Directors, Officers, and Their Insurers

Greenpeace Campaign

On 28th May 2014 Greenpeace launched an interesting campaign from The Netherlands aimed at the senior executives of some of the largest fossil fuel and utility companies around the world and their D&O insurers. (It may be no coincidence that … Continue reading →

Senate Passes 7-Year TRIA Extension; House Warns of Further Delays

TRIA

As widely anticipated, the U.S. Senate today, in a 93 to 4 vote, passed a seven-year extension of the Terrorism Risk Insurance Act. The legislation—authored by New York Congressman Chuck Schummer, along with Mark Kirk of Illinois, Bob Menendez of … Continue reading →

Do I Need Earthquake Insurance?

Earthquake house

In the United States, earthquakes are often most associated with California and Alaska. The reality is many areas across the country are susceptible to earthquake activity. Recently, we have seen earthquakes in areas thought to be “low risk,” such as … Continue reading →

The Perils of a Public Listing for Professional Services Firms, or Just Bad Luck?

stocks plummet

Now a world of pain seems to be opening up for the UK’s only listed quantity surveyor Sweett Group. On 14th July it made a London Stock Exchange announcement confirming details of an investigation by the Serious Fraud Office (SFO) … Continue reading →