Regulation

Sources close to the industry are calling for litigation reform as a priority, while Florida Hurricane Catastrophe Fund expansion is also on the cards.

The bill that will be discussed in the special session is expected to be available for senator perusal later this week or early next week to allow ample time to read and discuss.

Replacement changes will be made by Q4 2022 after a warning from the DoJ.

Aeolus must return the held collateral to Credit Suisse.

ABIR is pushing back on behalf of the Bermuda cohort of companies, whose debt is significantly impacted.

The Bank of England pledged to smooth the process for certain types of short-tail ILS businesses to give faster response times

The regulatory body also underlined the need to manage risks and uncertainties relating to the war.

The state Governor’s goal is ‘to have a functioning market’ for property insurance in Florida.

The Florida governor said action was needed to prevent more carriers from failing.

The strength of the relationship between the government, the regulator and the industry is key to the island’s position.

The Senator is seeking to use a statute to activate a special session on property insurance.

The comments follow an extensive inquiry into the regulation of the London market.