Regulation

The UK government has set out a re-energised international development agenda which has highlighted the potential for greater disaster risk financing.

The move reflects years of weak profitability caused by high cost inflation and cat losses.

The most important factors driving insured losses over the years include hurricanes, other weather-related events, inflation, and excess litigation.

The two associations will work together on six matters, including climate change, cyber risks and taxation.

If the assets of the cell form part of the Vesttoo estate, this may impact the priority of returning associated capital to cedants.

The Court has granted the stay based on a revised order agreed between Vesttoo and White Rock.

The Inside P&C Research Team has examined the impact on 2025 earnings for Bermudians of a proposed corporate tax rate of 15% for large multinational firms in Bermuda.

The APRA intends to review reinsurance settings in the Australian prudential framework over the course of 2023 and the first half of 2024.

The agency said it will take rating actions where warranted.

The obvious question is where is the capital behind the letters of credit that were being pledged on its transactions.

Some sources have called for more transparency on secondary trades, though others note the buy-and-hold nature of the market limits trading appetite.

The European Commission suggested that its review should include looking at the risks for retail investors of access to instruments including cat bonds and other niche alternatives.