Insurers of Last Resort: My Word is My Bond

Contributor: Brian Secrett, Chief Underwriting Officer, Catastrophe, PartnerRe; Laura Davis, Head of Catastrophe, Bermuda, PartnerRe
Date: 4/23/2010
An increasing amount of risk is being assumed by U.S. personal lines residual market bodies, particularly in coastal states. We look at TWIA and the uncertainties for re/insurers linked to the new funding structure following last year's legislative change.
Tags: Litigation, Property, Catastrophe perils, U.S.

A Swinging Pendulum: U.S. Tort Reform

Contributor: Art Gang, SVP, Associate General Counsel, PartnerRe
Date: 10/20/2009
The recent economic downturn and changes in political administrations have led to attempts to roll back tort reforms. We examine the current landscape, and how an encroachment could impact how re/insurers underwrite and assess liability coverage and exposure.
Tags: Litigation, U.S.

Class Acts

Contributor: Raymond-Marc Courgeau, Senior Underwriter P&C, PartnerRe
Date: 4/1/2007
Devices to deal with collective lawsuits in Europe have, where they exist, tended to be complex, narrow in scope and under-utilized. To enhance process efficiency and open up access to legal compensation, the European Union’s 1998 directive (N° 27) required member countries to adopt new laws for group litigation. In the intervening period, the legal landscape in Europe has shifted, with many countries adopting or considering the introduction of new group proceeding devices.
Tags: Europe, Litigation