Event

IRLA Breakfast Briefing – US Restructuring Developments

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
Event Type:
Briefing
Start Date:
15/03/2021
Time:
14:00 GMT
Organiser:
IRLA International
Speaker:
James Mills, Legal Counsel and Robert Redpath, Legal Director – Enstar US
CPD/CPE:
1 hour
Irla Members Cost:
Free for members
Non Irla Members Cost:
£30 gross
Other information:

Please click here for the speaker bios

Joining instructions will be sent in due course.

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