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The Bermuda Monetary Authority proposes introducing group-wide supervision in further move towards Solvency II equivalence

Edwards Wildman Palmer LLP
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Bermuda
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March 3 2010

The Bermuda Monetary Authority (the BMA) published a consultation paper on 5 February 2010 entitled "Consultation Paper on The Bermuda Monetary Authority's Proposed Insurance Groups Regulatory Framework" (the Paper

Chinese drywall Judicial Panel on Multi-District Litigation rules that matter involving North American manufactured drywall should not be transferred to Chinese Drywall MDL

Edwards Wildman Palmer LLP
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USA
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December 30 2009

On December 2, 2009 the Judicial Panel on Multi-District Litigation ("JPML") ruled that an action alleging damage from North American manufactured drywall should not be transferred to the federal Chinese Drywall Multi-District Litigation ("MDL") pending in the Eastern District of Louisiana (In Re: Chinese-Manufactured Drywall Product Liability Litigation, MDL No.2047

Minnesota Department of Commerce revokes producer license in an insurable-interest case

Edwards Wildman Palmer LLP
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USA
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December 29 2009

In April 2009, the Minnesota Department of Commerce (the "Department") summarily suspended the insurance licenses of Michael Antonello and the insurance agency for which he served as chairman, Wealth Management Advisors, LLC ("Wealth Management"), for alleged dishonest practices in connection with the sale of life insurance policies and related Stranger Originated Life Insurance ("STOLI") transactions

A.I.G. to list American International Assurance on the Hong Kong stock exchange

Edwards Wildman Palmer LLP
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USA
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December 22 2009

According to recent reports in the New York Times and Financial Times, A.I.G. plans to list its Asian life insurance unit, American International Assurance (“A.I.A.”), on the Hong Kong stock exchange by year’s end

Congress approves another short-term extension of the NFIP through February 28, 2010

Edwards Wildman Palmer LLP
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USA
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December 22 2009

Congress recently approved another short-term extension of The National Flood Insurance Program ("NFIP") through February 28, 2010

Maryland insurance commissioner steps down

Edwards Wildman Palmer LLP
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USA
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December 21 2009

On December 16, 2009, the Maryland Insurance Administration (“MIA”) issued a media advisory announcing that Ralph S. Tyler will step down as Commissioner of the MIA effective January 8, 2010

Insurance association proposes alternative 3 tax for reinsurers

Edwards Wildman Palmer LLP
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El Salvador
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December 18 2009

As previously discussed here, the government of El Salvador has been considering imposing a tax on premiums ceded to reinsurers

High Court rules on avoidance and breach of warranty issues

Edwards Wildman Palmer LLP
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United Kingdom
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December 17 2009

The claimant, AC Ward & Son Limited (AC Ward) was the owner of a warehouse in Essex, which was left unoccupied at weekends

LMX spiral claims - settlement reached

Edwards Wildman Palmer LLP
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United Kingdom
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December 16 2009

We have previously reported here on the English Commercial Court decision in Equitas v R&Q Reinsurance (Brandywine), handed down on 11 November 2009

ACE becomes sixth local reinsurer

Edwards Wildman Palmer LLP
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Brazil
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December 15 2009

ACE, through its local subsidiary ACE Resseguradora, recently received authorization as the sixth local reinsurer in the Brazilian reinsurance market

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Search results

The Bermuda Monetary Authority proposes introducing group-wide supervision in further move towards Solvency II equivalence

Chinese drywall Judicial Panel on Multi-District Litigation rules that matter involving North American manufactured drywall should not be transferred to Chinese Drywall MDL

Minnesota Department of Commerce revokes producer license in an insurable-interest case

A.I.G. to list American International Assurance on the Hong Kong stock exchange

Congress approves another short-term extension of the NFIP through February 28, 2010

Maryland insurance commissioner steps down

Insurance association proposes alternative 3 tax for reinsurers

High Court rules on avoidance and breach of warranty issues

LMX spiral claims - settlement reached

ACE becomes sixth local reinsurer

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