In Landings, Yacht, Golf, and Tennis Club v. Travelers Casualty and Surety Company of America, litigation began over coverage of unauthorized withdrawals. Travelers moved to dismiss the complaint, arguing the alleged wire fraud did not meet the crime policy requirements.
Swiss Re Corporate Solutions to Change Legal Structure for North America March 9, 2021
Swiss Re Corporate Solutions announced a plan to streamline the legal entity structure of its North American business.
The changes include establishing Swiss Re Corporate Solutions America Insurance Corp. as its North American flagship insurance carrier.
Also, Corporate Solutions pans to redomesticate its subsidiary North American Specialty Insurance Co. (NAS) to Missouri from New Hampshire, change its name to Swiss Re Corporate Solutions America Insurance Corp. and transfer its other U.S. primary carriers to Swiss Re Corporate Solutions America Insurance Corp.
The legal changes are intended to reduce complexity and improve financial efficiency. This streamlining follows the Swiss Re Group’s announcement on September 25, 2020.