GRM Legal & Regulation
-
European insurers tell EC proposed Solvency II changes would add avoidable costs
The European insurance trade association has told the EC that its proposed changes to Solvency II include elements that would…
-
UK to review London market regulations after push for more proportionate rules
A new UK parliamentary investigation into London insurance market regulation is an “opportunity” for more proportionate rules to secure the…
-
DAC Beachcroft highlights ESG, class actions and social inflation as big issues for 2022
Environmental, social and governance (ESG), class actions and social inflation all feature prominently in the latest insurance predictions from DAC…
-
Insurer wins two more Covid-19 BI rulings in US
Two US federal appeals courts have again ruled that policyholders are not entitled to Covid-19-related business interruption (BI) coverage. As…
-
Insurer challenges in 2022 include civil unrest and class actions, says RPC
The latest Annual Insurance Review from law firm RPC highlights a number of issues set to impact insurers in 2022,…
-
Insurers call for no major changes to EU product liability rules
European insurers have warned that major changes to EU product liability rules could undermine insurers’ ability to cover certain risks.…
-
Insured loses another Covid-19 BI ruling in US
The 5th US Circuit Court of Appeals in New Orleans issued its second ruling of the week on Thursday in…
-
Insured loses another Covid BI ruling in US appeals court
The 2nd US Circuit Court of Appeals in New York has become the latest federal appeals court to hold that…
-
Another appeals court rejects Covid BI coverage
The 10th US Circuit Court of Appeals in Denver joined five other federal appeals courts on Tuesday in holding that…
-
Fitch improves outlook for QBE group to stable
Fitch Ratings has revised the outlook on all ratings for Australian insurance giant QBE and its subsidiaries to stable from…
-
Leading Latin America reinsurance specialist joins HFW as consultant
Margo Black has joined law firm HFW’s Latin America insurance and reinsurance practice as a consultant. Black is one of…
-
Convex subsidiaries get US reciprocal jurisdiction reinsurer status
Two subsidiaries of specialty insurer and reinsurer Convex Group, Convex Insurance UK Limited (CIL) and Convex Reinsurance Limited (CRL), have…
-
AMRAE creates captive federation to push for fiscal incentives
French risk and insurance management association AMRAE has said it is confident that plans to make it more fiscally attractive…
-
UK watchdog gives Gallagher’s Willis Re acquisition the green light
The UK’s Competition and Markets Authority (CMA) has ended its probe into A J Gallagher’s takeover of Willis Re’s treaty…
-
Ghana regulator steps up pressure on insurers
Ghana’s National Insurance Commission (NIC) has committed to ensuring that all insurers meet new minimum capital requirements by a 31…
-
Denmark’s ARK Law becomes 14th European member of global insurance law network
Danish firm ARK Law has joined the Global Insurance Law Connect (GILC) alliance, which aims to boost service for corporates…
-
Insurers off hook as Supreme Court rejects £3bn Google claim
The UK Supreme Court has rejected a class action brought against Google that accused it of breaching its duties as…
-
Data gap drives regulatory risk, finds Quantexa survey
Half of insurers surveyed by data analytics firm Quantexa face the risk of regulatory scrutiny and compliance issues because of…
-
Rims backs US pandemic-risk backstop bill
Rims has given its support to a new pandemic insurance bill in the US, which would create a federal reinsurance…
-
New climate risk division set up by New York State Department of Financial Services
The New York State Department of Financial Services (DFS) has established a new climate risk division and appointed its leader.…
