IRLA Breakfast Briefing - US Restructuring Developments

Monday, 15 March 2021 2:00 PM - 3:00 PM [GST]

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Monday, 15 March 2021 2:00 PM - 3:00 PM [GST]

Overview 

Covid-19 may have kept many of us in our homes, but the marketplace has continued to evolve and grow signified by the recent Oklahoma law change allowing for Insurance Business Transaction (IBT), similar to the UK Part VII. In these  briefing members will be walked through the process recently and successfully completed by our speakers. 

Target Audience 

All legal, claims, actuarial, financial, reserving and technical staff interested in direct liabilities transfers should attend to hear about recent developments in the United States allowing for new types of transactions, including an overview of the court approval of the nation’s first insurance business transfer (IBT)

 

Learning Outcomes 

By the end of this briefing participants will be able to :

  • Recall the regulatory framework for US insurance regulation
  • Identify the difference between a legal entity sale, reinsurance loss portfolio transfer, traditional novation, insurance business transfer, and division
  • Identify benefits and challenges to the various US frameworks when evaluating a transaction
  • Summarize the process of an insurance business transfer and a division

Insurance & Reinsurance Legacy Association Limited

http://irla-international.com