4th Circuit Case Repercussions For Cyber-Insurance

Last month, the Fourth Circuit heard oral arguments in Travelers Indemnity Co. v. Portal Healthcare Solutions, No. 14-1944 (4th Cir. Mar. 24, 2016). This potentially precedent-setting case tackles the issue of whether traditional commercial general liability (“CGL”) insurance policies provide coverage for liability arising out of cyber-security issues, such as a failure to secure confidential customer data.

The CGL policies at issue in the case provide coverage for “those sums that the insured becomes legally […]

By |April 28th, 2016|

Ireland Insurance Regulatory Update

This monthly bulletin by  the Arthur Cox Insurance Group focuses on recent developments in insurance regulation, law and practice.

Topics covered include: the final Central Bank Solvency II Matters newsletter; the Central Bank inspection targeting 325 non-compliant retail intermediary firms; the Central Bank’s new requirement for health insurance providers to take action to further protect consumers; and EIOPA issuing guidelines on supervision of branches of third-country insurance undertakings.

Read the full briefing here.

By |April 26th, 2016|

No Cat Bonds, We Expect You To Thrive (Bermuda)

Insurance-linked securities could be an alternative to traditional reinsurance, and Bermuda seems to be the place to explore the possibilities.
How was last year in terms of ILS issuance and value? Is the market bigger than it’s ever been?
The short answer is that 2015 was a very good year. The market is bigger than ever and growing.

From a Bermuda standpoint, 2015 was another year of robust growth from an insurance-linked securities (ILS) issuance and value standpoint. The […]

By |April 21st, 2016|