On April 24, 2024, the New York State Department of Financial Services (NYDFS) published Proposed Rule Making for the 13th Amendment to Insurance Regulation 17, 20 and 20-A (Proposed Amendment), which ...

The reinsurance model allows primary insurers to transfer some portion of the financial consequences of certain insurance loss exposures to the reinsurance markets. This risk transfer spreads the ...

ICICI Prudential Life Insurance Company Limited, one of India’s leading private life insurers, has agreed to a strategic ...

In September 2017, the European Union and the United States executed a bilateral treaty called the US-EU Covered Agreement, which for the first time ever permitted US ceding insurers to receive 100% ...

Claims from severe convective storms have been tearing a hole in the returns for Bermuda’s catastrophe reinsurers but a leading authority said next-generation software was proving to be a solution.

Facultative reinsurance and treaty reinsurance represent two distinct approaches within the reinsurance framework. Facultative reinsurance is a more tailored solution, where individual risks are ...

Discover how hourly clauses in reinsurance limit coverage by timeframe, benefit reinsurers, and see real-world examples of their application in catastrophe insurance.