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Alpha Insurance A/S (Alpha) goes into solvent liquidation
Friday, 9 March 2018In a statement released on 5th March 2018 Alpha said “Effective immediately, Alpha Insurance A/S has ceased all underwriting, including renewals. This decision is a direct consequence of CBL Insurance Limited, one of Alpha Insurance’s largest reinsurers, having had their A.M.Best “A-“ rating suspended and has been placed into interim liquidation. As such, the Board of Directors of Alpha Insurance A/S decided on Saturday, March 3rd, to cease all underwriting of new business as well as renewals with immediate effect.
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As the debate heats up over the Litigation Funding Agreements (Enforceability) Bill, it is crucial to understand what is the true vice in retrospective legislation.
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In today’s legal landscape, finding the delicate balance between driving efficiency via use of technology and providing a personalised service is paramount to success.
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