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Earlier this month, the Department of Labor proposed a significant prohibited transaction exemption that would allow a plan sponsor's captive insurer to reinsure pension annuity risks.

Finite reinsurance will be a hot topic over the next few months as the criminal trial of former General Reinsurance Co. (Gen Re) CEO Ronald Ferguson and his four co-defendants commences in January in federal court in Hartford, Connecticut. Mr. Ferguson stands accused with Christopher Garand, a former vice president of Gen Re's finite reinsurance operation, Robert Graham, Gen Re's former assistant general counsel, Christopher Milton, a former vice president of Reinsurance for American In

On January 10, 2008, Florida Senate President Ken Pruitt announced the creation of the Select Committee on Property Insurance Accountability (Select Committee).

The Internal Revenue Service (IRS) recently issued Technical Advice Memorandum 200827006, addressing whether manufacturer's original warranty risks covered by reimbursement policies purchased by a retailer constitute insurable risks for federal tax purposes.

However, the court granted, among other requests, FFIC's motion to preclude Utica from introducing judicial decisions or settlements involving other insurer's challenges to Utica's aggregate limit position.

The consulting services offered by FTI Consulting's Global Insurance Services (GIS) helps solve the many complex and challenging problems facing the long-term care, life and health insurance...

We recently posted a Special Focus article on a hearing held by the NAIC's Reinsurance Task Force concerning the implementation of the reduced collateral for reinsurance provisions...

On August 11, 2022, the US National Association of Insurance Commissioners' ("NAIC") Executive (EX) Committee adopted a request from the Restructuring Mechanisms (E) Working Group...

Insurers often think of arbitration proceedings as less formal than courtroom litigation. In its recent decision in "Certain Underwriters at Lloyd's v. Argonaut Ins. Co.", the 7th U.S. Circuit Court of Appeals has made clear that, a party who presumes that arbitration proceedings will allow it freedom from strict enforcement of contractual terms may be in for a rude awakening.

Welcome back. This is the first of three weeks when the Senate is in session while the House is out on its five-week summer recess. It is highly unusual for one chamber...

The federal policy favoring arbitration sometimes bumps up against state-based receivers where the receiver would rather the receivership ...

New Jersey's request, which was submitted on July 2nd, 2018, is summarized below.

The Office of the General Counsel of the New York Insurance Department (NYID) issued an opinion dated October 27, 2008, No. 08-10-09 (the Opinion), with respect to assets deposited under a reinsurance trust pursuant to New York Regulation No. 114 (11 N.Y.C.R.R 126).

The IRS recently published a December 9, 2014 Chief Counsel Advice Memorandum to the effect that the defeasance of taxable Build America Bonds causes a tax reissuance of the bonds.

It is very common in insurance and reinsurance litigation for one party to seek to remove a case first brought in state court to the federal court sitting in that venue.

In December 2018, we blogged about a new reinsurance arbitration consolidation case

Complex corporate structures and internal reinsurance relationships can complicate legacy reinsurance relationships.

An Illinois appellate court recently affirmed a lower court decision granting summary judgment and denying defendant insurers' motion to compel arbitration where Nebraska law governed.