The world of insurance is evolving at an exciting and unprecedented pace. We are seeing new risks and demand for new products, followed by new regulations to address the changes. As such, companies are innovating not only with respect to their product offerings, but also their operations. They are tracking and optimizing the solvency and competitiveness of their overall portfolios, as well as engaging in mergers, consolidations and other transactions to adapt to the new environment and execute their business strategies.
Every year we meet in Manhattan with insurance leaders from across the country for the Gotham Insurance Symposium to discuss trending topics and issues faced by established carriers, start-up companies and regulators. Below are some of the takeaways from our most recent gathering in 2019.
New insurance business transfer mechanisms in Oklahoma and nationally
We heard it first on our panel on insurance business transfers (IBTs). The Oklahoma Insurance Commissioner publicly announced that Enstar Group Ltd., which specializes in the acquisition and management of diversified insurance businesses, is in the final stages of implementing an Oklahoma IBT, with…
