Home State Definition — Surplus Lines 360
The Standard Formula Podcast | Assessing Prudential Insurance Regulation in Japan
The Standard Formula Podcast | Solvency II Back to Basics: Technical Provisions
The Standard Formula Podcast | Investment Rules for Insurers and Reinsurers
The Standard Formula Podcast | Solvency II Back to Basics: Third Country Branches and Cross-Border Provision of Services
Standard Formula Podcast | Reinsurance and Risk Transfer: Risk Mitigation Under the Solvency II Regime
The Standard Formula Podcast | Bermuda Monetary Authority Proposes Enhancements to its Regulatory Regime
NOWOTNY KNOWS SQUAT! Part 2 Using PPLI and PPVA Annuities to Raise Assets Under Management and Sell More Life Insurance
This chapter of the Encyclopaedia of Prudential Solvency discusses the prudential solvency regime in South Korea. The insurance sector there stands as one of the most dynamic and sophisticated in Asia, ranking as the seventh...more
Use cases for letters of credit (LOCs) in the re/insurance industry are familiar to many. Even in an era when more than 100 non-US re/insurers hold reciprocal re/insurer status and presumably face fewer calls by US cedents...more
The Reinsurance (E) Task Force (“RTF”) of the US National Association of Insurance Commissioners (“NAIC”) held a virtual meeting on March 2, 2026 in lieu of meeting in person at the NAIC Spring 2026 National Meeting. In...more
The Natural Catastrophe Risk and Resilience (EX) Task Force (the “NCRRTF” or the “Task Force”) of the US National Association of Insurance Commissioners (“NAIC”) met on March 24, 2026 at the NAIC’s Spring 2026 National...more
The Centers for Medicare & Medicaid Services (CMS) has finalized the calendar year (CY) 2027 Medicare Advantage (MA) and Part D rule, with policies effective June 1, 2026, and applicable to coverage beginning January 1, 2027....more
In recent years, ceding companies and reinsurers across major jurisdictions around the world have faced increasing scrutiny from insurance regulators regarding the use of cross-border asset-intensive reinsurance (“AIRe” or...more
Following the wildfires of recent years, many states west of the Mississippi River have considered (and multiple states have now adopted) legislation to limit the liability of utilities for bodily injury and property damage...more
In the eighth episode of our Surplus Lines 360 series, John Emmanuel and Zachary Lerner explore the definition of “home state” under the Nonadmitted and Reinsurance Reform Act (NRRA) — how it applies, the complexities of...more
The Statutory Accounting Principles (E) Working Group of the National Association of Insurance Commissioners exposed several key proposed changes to statutory accounting at its meeting during the NAIC’s Spring National...more
Most insurance policies use standardized wording drafted by the insurance industry. Coverage disputes frequently center on these standardized wordings. Policyholders only sporadically face significant claims that escalate...more
In Hartford Casualty Insurance Co. v. Instagram LLC, the Delaware Superior Court granted the insurers’ motion for partial summary judgment, finding that various primary and excess general liability insurers had no duty to...more
With geopolitical crises mounting, policyholders are likely to experience losses related to wars and other conflicts, which impede shipping and aviation. In such circumstances, a court or arbitrator’s interpretation of key...more
Political risk insurance and political violence products are designed for the edge cases that standard property programs often exclude. Where a policy’s insuring agreement is triggered, payment may be restricted if it would...more
In a recent decision, the English Court of Appeal considered the construction and effect of a hierarchy clause in reinsurance agreements. The issue arose because the Appellant, GIC Re, India, Corporate Member Ltd (GIC) had...more
On 3 February 2026, the European Insurance and Occupational Pensions Authority (EIOPA) published its Consultation Paper on a Supervisory Statement on the Authorisation and Ongoing Supervision of (Re‑)Insurance Undertakings...more
Skadden’s Insurance practice was prominently represented among attendees of ReFocus 2026. Drawing from conversations at ReFocus 2026 and our observations of current market trends, we have the following five key takeaways for...more
In recent years, private equity firms ("PE Firms") have become important purchasers of insurance undertakings. Particular features and objectives of these purchasers have created the need for greater supervisory convergence...more
On 2 February 2026, EIOPA published its “Consultation Paper on the Supervisory Statement on the Authorisation and Ongoing Supervision of (Re-)insurance Undertakings Related to Private Equity”....more
The ongoing bellwether trial in California has brought renewed attention to an unprecedented wave of lawsuits targeting social media companies. These actions allege that major platforms are intentionally engineered to foster...more
On 21 January 2026, the Bermuda Monetary Authority (BMA) released a consultation paper (Consultation Paper) proposing the introduction of a new category of special purpose insurance called the parametric special purpose...more
I am delighted to introduce the latest edition of our Insurance & Professional Risks Annual Review which explores the key decisions and developments impacting the insurance sector from 2025. The Review provides an overview of...more
On 15 January 2026, the Prudential Regulation Authority ("PRA") published its annual letter setting out supervisory priorities for the UK insurance sector for the year ahead. What is the purpose of the PRA's 2025...more
Global growth in insurance premiums has created a need for more capital in the sector — a need being answered by financial sponsors, sovereign wealth funds, family offices and investment managers....more
As artificial intelligence (AI) reshapes the insurance landscape, insurers face a growing tension between automation and accountability. While AI offers unprecedented speed and efficiency in claims processing, it also...more
Introduction: The Prudential Regulation Authority (PRA) has for several years been heavily focussed on developments in the UK life sector. A significant part of the focus has taken the form of tightened regulatory...more