{"id":419,"date":"2019-04-26T09:58:00","date_gmt":"2019-04-26T09:58:00","guid":{"rendered":"https:\/\/compre-group.com\/?p=419"},"modified":"2021-09-22T14:38:50","modified_gmt":"2021-09-22T14:38:50","slug":"episode-2-new-york","status":"publish","type":"post","link":"https:\/\/compre-group.com\/episode-2-new-york\/","title":{"rendered":"Episode 2: New York"},"content":{"rendered":"\n<p>The city that never sleeps was on sparkling form last week, with the sun shining brightly in many respects.<\/p>\n\n\n\n<p>As I arrived, another deal was announced, this time with the chaps at Enstar taking $500 million of Zurich\u2019s North America asbestos and environmental risk. Congratulations to both, and of course to the brokers and advisers who help support and execute complex deals like this. They continue to reinforce the reputation and credibility of the legacy sector.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/compre-group.com\/wp-content\/uploads\/2021\/09\/New-York-e1556270989139.jpg\" alt=\"\" class=\"wp-image-921\" width=\"298\" height=\"397\" srcset=\"https:\/\/compre-group.com\/wp-content\/uploads\/2021\/09\/New-York-e1556270989139.jpg 480w, https:\/\/compre-group.com\/wp-content\/uploads\/2021\/09\/New-York-e1556270989139-225x300.jpg 225w\" sizes=\"(max-width: 298px) 100vw, 298px\" \/><figcaption><em>Guess which hedge fund has the best view of Central Park?<\/em><\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>The recent US buzz has been about legal finality and insurance business transfers. IBTs are just another mechanism for insurers and reinsurers to exit non-core business \u2013 just like selling a subsidiary through a share sale or a reinsurance agreement. But IBTs still hold a degree of mystery in the market, especially for regulators. The NAIC working party on IBTs is a great step towards de-mystification, but one view is that IBTs will only really gain traction when \u201cNew York, New York!\u201d comes on board.<\/p>\n\n\n\n<p>Brokers are prevalent here \u2013 they\u2019re certainly more embedded in the structured solutions market than in Europe. This is mainly because of the lack of legal finality and dependence on LPTs to drive solutions. Accounting and regulatory treatment are key to achieving capital relief, and it is clear that the bigger the deal, the great the ability to drive through capital relief structures.<\/p>\n\n\n\n<p>Brokers are anxious to ensure they keep their market share, but they shouldn\u2019t be concerned that going direct will damage their business. There is more than enough legacy to go round!<\/p>\n\n\n\n<p><em>Next, I am off home to Vancouver! I can\u2019t wait to see my son captain the school rugby team \u2013 I should catch the last match of the season just after Easter.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The city that never sleeps was on sparkling form last week, with the sun shining brightly in many respects. As I arrived, another deal was announced, this time with the chaps at Enstar taking $500 million of Zurich\u2019s North America asbestos and environmental risk. Congratulations to both, and of course to the brokers and advisers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Episode 2: New York - Compre<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/compre-group.com\/episode-2-new-york\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Episode 2: New York - Compre\" \/>\n<meta property=\"og:description\" content=\"The city that never sleeps was on sparkling form last week, with the sun shining brightly in many respects. 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Congratulations to both, and of course to the brokers and advisers [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/compre-group.com\/episode-2-new-york\/\" \/>\n<meta property=\"og:site_name\" content=\"Compre\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-26T09:58:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-22T14:38:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/compre-group.com\/wp-content\/uploads\/2021\/09\/New-York-e1556270989139.jpg\" \/>\n<meta name=\"author\" content=\"Josh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Josh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/compre-group.com\/episode-2-new-york\/\",\"url\":\"https:\/\/compre-group.com\/episode-2-new-york\/\",\"name\":\"Episode 2: New York - Compre\",\"isPartOf\":{\"@id\":\"https:\/\/compre-group.com\/#website\"},\"datePublished\":\"2019-04-26T09:58:00+00:00\",\"dateModified\":\"2021-09-22T14:38:50+00:00\",\"author\":{\"@id\":\"https:\/\/compre-group.com\/#\/schema\/person\/a589127af6fb30cbd710ca4ab9ea017d\"},\"breadcrumb\":{\"@id\":\"https:\/\/compre-group.com\/episode-2-new-york\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/compre-group.com\/episode-2-new-york\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/compre-group.com\/episode-2-new-york\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/compre-group.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Episode 2: New York\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/compre-group.com\/#website\",\"url\":\"https:\/\/compre-group.com\/\",\"name\":\"Compre\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/compre-group.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/compre-group.com\/#\/schema\/person\/a589127af6fb30cbd710ca4ab9ea017d\",\"name\":\"Josh\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/compre-group.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fa8ebfa74a7ba7896b793523c9a79724?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fa8ebfa74a7ba7896b793523c9a79724?s=96&d=mm&r=g\",\"caption\":\"Josh\"},\"sameAs\":[\"https:\/\/compre-group.com\"],\"url\":\"https:\/\/compre-group.com\/author\/josh\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Episode 2: New York - Compre","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/compre-group.com\/episode-2-new-york\/","og_locale":"en_GB","og_type":"article","og_title":"Episode 2: New York - Compre","og_description":"The city that never sleeps was on sparkling form last week, with the sun shining brightly in many respects. 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