Insurance brokers were already an established feature of the London commercial scene by the time of Queen Anne. At the beginning of the eighteenth century Stuart and Hanoverian England controlled most of the trade runs around the Globe and the British Empire was in its early heyday.
Insurance Brokers came into existence because the insurance of [...]
Reinsurance, and in particular treaty reinsurance is a fundamental part of any insurers’ internal risk management plan.
The protection of the company balance sheet and capital base from extremes in loss frequency and severity or aggregations is of critical importance to the viability of an insurer.
Reinsurance is a global business heavily intertwined with the trade, commerce [...]
INSURANCE OVERVIEW:
The law governing the insurance industry historically grew up under the general law of contract and the doctrine of the common law, that is, decided on a case by case basis, as opposed to being regulated by a uniform codified system of legislation.