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The NAIC recently held a hearing on the implementation of the reduced reinsurance collateral provisions of the Covered Agreement

The article discusses evolving aspects of risk transfer and related legal developments and concerns.

The United States and the European Union have agreed on the final wording of a Covered Agreement which covers several topics, including the provision of collateral by foreign reinsurers.

The case will now proceed to the D.C. Circuit for a decision on the merits, which is likely to come next year.

Seeking reimbursement of fees paid, allegedly by mistake, under the transitional reinsurance program in the Patient Protection and Affordable Care Act, the trustees of the Twin City Pipe Trades Welfare Fund's sued ...

In the ongoing reinsurance dispute between cedent Utica Mutual Insurance Company and reinsurer Clearwater Insurance Company, two developments occurred on July 14, 2016.

Undoubtedly, reinsurance practitioners learn early on certain fundamental principles and customary practices that define reinsurance.

Post-trial motions are to be filed by December 29, 2017.

Defendant provided the district court with copies of two contracts – a Reinsurance Participation Agreement and a Request to Bind – that were purportedly signed by Plaintiff's CEO and contained arbitration clauses.

On August 24, 2016, the Oklahoma Insurance Commissioner issued an order requiring all accredited reinsurers in the state to file all annual statements, audited financial statements, forms, documents...

The September 2019 Reinsurance Newsletter is now available for your reading pleasure. You may access it on the Squire Patton Boggs website or here.

We previously posted on the trial court's ruling addressing the statute of limitations in this case on June 23, 2016.

The follow the fortunes (or follow the settlements) doctrine has been an important part of many reinsurance relationships.

The underlying dispute involved allegations of breach of warranty and deceptive trade practices based on a sale of an allegedly defective car.

The Ninth Circuit, in an unpublished opinion, has found that a contract, and therefore an arbitration clause within it, was unenforceable due to fraud in the inception, despite the fact that both parties had ample opportunity to review the contract in its entirety.

Plaintiff AGL Industries, Inc. (AGL), a steel fabrication and erection business, enrolled in a workers' compensation insurance policy with Defendant Continental Indemnity Company and a reinsurance participation agreement (RPA) with Defendant Applied Underwriters Captive Risk Assurance Company, Inc. After Continental canceled the workers' compensation insurance policy, ...

In a discovery dispute following the liquidation of Western Insurance Company ("Western"), a Utah federal district court granted a motion to compel a 30(b)(6) deposition testimony regarding Western's reinsurance agreements.