M&A insurance comes of age

M&A insurance comes of age

M&A insurance comes of age

AIG claims statistics show that M&A insurance buyers are getting their money’s worth, particularly on the largest, most complex cross-border M&A deals. In AIG’s latest claims intelligence report, claims trends from some of the largest programme M&A transactions are considered. The report captures the growing maturity and credibility of the M&A insurance market, analysing warranty and indemnity (W&I) policies issued…

Hard-hitting Avrahami ruling by US tax court, but captive was ‘destined to fail’

Hard-hitting Avrahami ruling by US tax court, but captive was ‘destined to fail’

Hard-hitting Avrahami ruling by US tax court, but captive was ‘destined to fail’

The recent ruling of the US Tax Court in the Avrahami case, involving a US 831(b) captive, is unlikely to have much effect on the wider captive sector as there were very specific circumstances, though clearly it does not help when the industry is working so hard to challenge the perception of captives as tax avoiding vehicles. The case was…

Collective actions on the rise in Germany and Europe – Dieselgate as game changer?

Collective actions on the rise in Germany and Europe – Dieselgate as game changer?

Collective actions on the rise in Germany and Europe – Dieselgate as game changer?

For many years, the pros and cons of collective redress have been intensively discussed in Germany and Europe, with the debate often influenced by fears of US-style class actions and litigation industry. However, this focus risks failing to take into account that many European legal systems, including Germany, still lack an efficient mechanism to enable litigants, and consumers in particular,…

Ten best things about captives

Ten best things about captives

Ten best things about captives

So what’s all the fuss about captives? For over 50 years they have been helping companies with their risk financing needs, and are still relevant today. There are many reasons as to why captives have prospered despite prolonged soft markets and unwelcome attention from regulators and tax authorities over the years. Here are just ten of the best reasons to…

IN THE SPOTLIGHT: Praveen Sharma, Marsh

IN THE SPOTLIGHT: Praveen Sharma, Marsh

IN THE SPOTLIGHT: Praveen Sharma, Marsh

International Programme News talks to Praveen Sharma, global leader – insurance regulatory & tax consulting practice, Marsh, about global programmes, compliance, local supervisors and ‘fit for purpose’ structures. In general terms, what do risk managers want or expect from their global programme? Risk managers of multinational companies are keen to ensure that the global insurance programmes are fit for purpose…

Contract certainty and compliance in an uncertain, complex world

Contract certainty and compliance in an uncertain, complex world

Contract certainty and compliance in an uncertain, complex world

In the current global environment, the complexity of doing global international business is increasing; it is becoming more uncertain and ambiguity is now a fact of life. As a result, contract certainty and compliance are two key issues for companies when it comes to global insurance programmes As regulators increase their involvement and interest in the businesses operating in their…

Global programmes: Marine risks and how to manage them

Global programmes: Marine risks and how to manage them

Global programmes: Marine risks and how to manage them

Marine insurance is one of the oldest classes of business. But while the market retains many traditions, and many risks are perennial, new, emerging risks, and evolving risks, are posing challenges for risk managers. Marine is by its very nature a global business and global insurance programmes can help risk managers to get a handle on these complex and international…

Ten most difficult things about global programmes

Ten most difficult things about global programmes

Ten most difficult things about global programmes

As one global insurance manager once said of his global insurance programme: “Overall, it is a tortuous, labour-intensive and time-consuming exercise, but it is important and it has to be done.” Obviously there are many benefits, but that does not mean there aren’t difficult challenges to overcome. Forewarned is forearmed as they say. 1. It is time consuming for everyone…

Increasing need for D&O insurance in Asia

Increasing need for D&O insurance in Asia

Increasing need for D&O insurance in Asia

In today’s increasingly litigious business environment, directors and officers face constantly evolving risks and liabilities from regulators and investors, not just in their home market but everywhere the company has operations. Senior leadership are now more likely to have a claim laid against them than ever before. This is becoming a major issue in Asia, where a heightened regulatory environment…

India market report: Liberalisation but tough stance on compliance

India market report: Liberalisation but tough stance on compliance

India market report: Liberalisation but tough stance on compliance

The Indian insurance market has undergone a number of changes in the past few years, not least the raising of the foreign direct investment limit in the insurance sector from 26% to 49%, which has seen a number of global insurers raise the stakes in their Indian joint ventures. There has also been a tougher stance taken by the regulatory…

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