GRM Legal & Regulation
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August 15, 2023
Aon’s White Rock files for $137m in collateral from Vesttoo
Aon unit White Rock has launched legal action to recover $136.7m in reinsurance collateral paid to troubled insurtech Vesttoo, which…
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August 11, 2023
Vermont captive regulator seeks details of Vesttoo exposure
Vermont’s captive regulator has sent a notice to captive managers and service providers in the state asking them if they…
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August 1, 2023
AXA to stop insuring new gas greenfield projects
French insurer AXA has announced that it will discontinue insurance for upstream gas greenfield projects. The latest revision to its…
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August 1, 2023
Aon faces legal action over Vesttoo
Aon PLC disclosed in a stock market filing on Friday that clients are taking legal action against the brokerage over…
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July 27, 2023
Act presented in US Congress to force insurers to disclose fossil fuel support
Democratic congressman Adam Schiff and congresswoman Rashida Tlaib have introduced the Polluter Portfolio Disclosure Act, which would require insurance companies with more than…
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July 24, 2023
Berkley profit soars 98.7% in second quarter
W.R. Berkley almost doubled its net income in the second quarter to $356.3m from $179.3m. The US-based insurer posted an…
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July 17, 2023
Best raises Beazley’s ratings outlook ahead of potential upgrade
AM Best has revised its outlook on Beazley’s A-grade credit rating to positive from stable, with the promise of an…
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July 13, 2023
Insurers’ credit ratings at risk from higher retentions, warns DBRS
Global insurers that have increased their retentions in the face of climbing reinsurance costs face negative pressure on their credit…
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July 6, 2023
India prepares insurance law reform to allow captives
The Indian government plans to introduce legislation during Parliament's monsoon session beginning on 20 July to implement comprehensive reforms in…
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June 30, 2023
UK regulator unveils proposals to supersede Europe’s Solvency II
The UK has opened a long-awaited consultation on its proposed new version of Solvency II. The Prudential Regulation Authority (PRA)…
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June 22, 2023
Indian regulator considers allowing MGAs into insurance market
The Insurance Regulatory and Development Authority of India (IRDAI) is considering the feasibility of allowing MGAs into the domestic insurance…
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June 22, 2023
JP Morgan files ‘unusual’ M&A fraud claim over Frank deal: Liberty
Investment bank JP Morgan has reportedly filed a claim on its merger and acquisition (M&A) policy, citing fraud in its…
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June 20, 2023
Rapid growth in global ESG regulations in past decade
There has been rapid growth in sustainability-based policy interventions since 2011, with a 155% increase in global ESG regulations over…
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June 19, 2023
Insuring the future of Saudi Arabia
Saudi Arabia’s Vision 2030 strategy for diversifying its economy involves multiple projects that will create huge opportunities for insurers, while…
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June 16, 2023
Surge in insurance cases litigated in US federal district courts last year
The US saw a 30% increase in insurance cases litigated in federal district courts in 2022, with a total of…
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May 30, 2023
Increased climate-related claims activity in UK and Europe expected
The UK and Europe are expected to see increased activity in certain new types of climate-related claims, according to Lydia…
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May 22, 2023
US broker Baldwin Risk Partners files poaching suit against rival Alliant
Units of US broker Baldwin Risk Partners (BRP) units have filed a poaching lawsuit against Alliant Insurance Services and a…
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May 19, 2023
Vermont updates captive insurance law
Vermont has brought in changes to its captive insurance law, including improving the confidentiality of company information and increased funding…
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May 11, 2023
Global law report highlights increased ESG scrutiny for insurers
The increased scrutiny of ESG strategies in many jurisdictions is impacting directors’, officers’ and financial institutions’ coverage, as well as…
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May 9, 2023
AM Best restores stable outlook to QBE subsidiary ratings
AM Best has changed its long-term issuer credit rating (ICR) outlook on QBE’s international subsidiaries QBE Europe, QBE UK and…