Accelerated Closure: Where There’s a Will There’s a Way

The imminent closures of the insolvent Westmoreland Casualty Company and Rockwood Insurance Company highlight how seemingly endless and intractable issues emanating from insurance and reinsurance policies that were written long ago (legacy issues), and which have been...

A Distinction With a Clear Difference

The Rhode Island Insurance Business Transfer process is not the equivalent of the UK’s Part VII Transfer. Why do the critical differences risk undermining the credibility of the IBT   process and how can this be resolved? With no clear regulatory time limit for moving...

Going Their Separate Ways

The Pennsylvania Entity Transactions Law leaves the door open for further separation and restructuring opportunities for Pennsylvania domiciled insurers with legacy or run off liabilities. Owners of insurers and reinsurers with legacy liabilities within active...