New reinsurance-related and arbitration developments from Carlton Fields
We posted previously on the Mariah Re cat bond lawsuit. The court recently dismissed the Amended Complaint in that action with prejudice. Rollie Goss discusses this opinion in a Special Focus article titled Cat Bond Litigation: Unambiguous Bond Documents Cause Court To Dismiss With Prejudice Complaint Seeking to Claw Back Payments Made From a Cat Bond Reinsurance Trust.
This post written by Rollie Goss.
See our disclaimer.
The Dodd-Frank Act encouraged states to cooperate in the regulation of surplus lines insurance premium tax allocation. In a Special Focus article, John Pitblado provides an update on the efforts of the states to address this issue.
This post written by John Pitblado.
There has been significant development in both the cat bond and traditional reinsurance markets so far in 2013, with the emergence of competition between the markets, new bond terms, a cash influx into the reinsurance sector, a re-examination of business strategies and pricing reductions in both markets. Reinsurance Focus Blogmaster Rollie Goss, who has been representing ceding insurers in both cat bond and traditional reinsurance transactions, analyzes these developments in a Special Focus article titled The Developing Relationship Between the Catastrophe Bond and Traditional Reinsurance Markets.
This post written by Rollie Goss.
See our disclaimer.
The NAIC has had a special sub-group reviewing the regulation and use of captive insurers and special purpose vehicles. John Pitblado reports in a Special Focus article on the scope and development of this review.
This post written by John Pitblado.
See our disclaimer.
In this Special Focus piece, entitled “The Benefits of Cat Bonds for Ceding Insurers and the Potential for Life and Annuity Risk Bonds,” Rollie Goss compares the relative advantages of catastrophe bonds over traditional reinsurance, as well as the developing market for transfer of life and annuity risks.
This post written by Rollie Goss.
See our disclaimer.