Category Archives: Insurance and Risk Management

In light of regulatory, tax changes, will Bermuda continue to be attractive to reinsurers?

Photo of St. George's Bermuda Town Hall

Long-term insurers have been attracted to Bermuda for its flexible regulatory environment, which gained Solvency II equivalence in 2016, potentially lower capital requirements and operating costs. But recent and impending regulatory changes have sparked concern among U.S. life and annuity … Continue reading →

The truth about workers’ compensation mega claims: Four key takeaways from our recent large loss study

Woman doctor wearing a lab coat and stethoscope holding a clip board while having a discussion with a man in a dress shirt

One of the most significant concerns for workers’ compensation insurance underwriters is a potential surge in claim costs stemming from the increased use of advanced medical technology. As treatments become more complex, more effective and more expensive, there is concern … Continue reading →

Serious Fraud Office victory in long arm jurisdiction case

male colleague looking towards a female colleague having a discussion

A lot of press attention has been directed to the recent defeat of the Serious Fraud Office (SFO) in the Court of Appeal in its attempt to prevent a company under investigation from relying on litigation privilege to withhold documents. … Continue reading →

Do D&O insurance policies cover claims for ‘damages’ brought by insolvency practitioners?

A judge talking to two lawyers in the hall of a marble building

With D&O policies becoming longer and more complex, an increase in claims activity and signs that the market may be hardening, the need to focus on the important stuff has never been greater. I have often blogged before about the … Continue reading →

Highlights from the 2018 ACORD Insurance Innovation Challenge (Semifinals)

Group of men and women who took part in the 2018 ACORD Insurance Innovation Challenge

This year’s ACORD InsurTech Innovation Challenge revealed that InsurTech companies are identifying efficiencies in the insurance industry through a variety of different methods. Both the sharing economy and artificial intelligence (AI) are predicted to become more important over the coming … Continue reading →

Looking to succeed in credit markets? Diversity and a long time horizon can be your best friends

Close up of a hand using a stylus pen on a touch screen depicting a line graph with steep declines and inclines

Ever since the global financial crisis, we’ve found investors have been slow to diversify their fixed income portfolios, and for good reason: Mainstream corporate credit (including investment grade and high yield), have performed incredibly well, supported by declining interest rates, … Continue reading →

How risk appetite frameworks can be more than ‘tick-box’ exercises

Woman in a suit writing on a white board while a man in a suit and tie is reading the board

When we talk to board members of insurance companies, we often hear that risk appetite frameworks are too far removed from the day-to-day reality of conducting business and their only purpose is to satisfy regulatory or rating-agency requirements. But if … Continue reading →

Are you ready for peak 2018 hurricane season?

a car submerged under water

While current predictions indicate a relatively quiet hurricane season, particularly in comparison to last year, it only takes one major hurricane making landfall in a built-up area to create a significant loss, as we saw with Hurricane Andrew in 1992 … Continue reading →

Are new laws that will make directors of holding companies accountable for the sale of distressed subsidiaries a charter for zombies?

black crow and a pigeon standing on a slab of concrete surrounded by water

I’ve written before about the extent to which English courts have been prepared to lift the corporate veil and hold a parent company responsible for the acts and defaults of another company in the same group. In the Chandler case, … Continue reading →

IFRS17: More snakes than ladders for property & casualty insurers?

Close up of a hand, moving a pawn around the holes of a wooden Snakes and Ladders game board

On first sight, the requirements of the new IFRS17 global accounting standard that will come into effect on January 1, 2021, appeared none too daunting for property and casualty (P&C) insurers. In general, such insurers appeared pretty relaxed, even nonchalant, … Continue reading →