GRM Legal & Regulation
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Guidance on supervision of climate-related risks from IAIS
Guidance on the supervision of climate-related risks in the insurance sector has been published by the International Association of Insurance…
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US tariffs could see cost of P&C cover rise, warns Best
Corporates could face higher insurance premiums as a result of the global economic volatility wreaked by worldwide trade tariffs put…
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New German commercial courts offer English option
German insurance managers that use London and other international markets will be pleased to hear that insurance contract disputes can…
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US captive manager files another lawsuit against IRS
US captive manager CIC Services has filed a second lawsuit against the US Internal Revenue Service (IRS). The complaint, filed…
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Lockton faces US class action over November data breach
A proposed class of individuals whose personal identifying information (PII) was allegedly leaked following a November 2024 data breach has…
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Global insurers welcome removal of Indian foreign equity limit
The Global Federation of Insurance Associations (GFIA) has written to India’s finance minister Nirmala Sitharaman welcoming the government’s decision to make changes…
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London market must reassess value at risk in wake of US tariffs: LMA
The Lloyd’s Market Association (LMA) said that insurers will have to reassess their value at risk and brokers will need…
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Fenchurch Law and Saxe Doernberger & Vita in new partnership
UK-based Fenchurch Law has partnered with New York-based law firm Saxe Doernberger & Vita. Both firms specialise in representing insurance…
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New insurance law worries buyers but could boost risk management in Brazil
A new insurance law is worrying commercial insurance buyers in Brazil and may restrict access to capacity but could end…
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Judge trims claims in AIG’s unfair competition dispute with E&S startup
A federal US judge in New Jersey has dismissed three of five claims brought by AIG against an excess and…
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Air Lease reveals $329m settlement with insurers for Russian-leased jets
Aircraft leasing firm Air Lease Corporation has received a further $328.5m in insurance settlements for its aircraft stranded in Russia…
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Gallagher expects AssuredPartners deal to close in the Autumn despite regulatory queries
Executives at Arthur J. Gallagher said they are surprised by antitrust regulators’ request for more information on the broker’s planned…
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India’s Insurance Act reform can boost foreign investment, says GFIA
The Global Federation of Insurance Associations (GFIA) has written to India’s finance minister welcoming the government’s move to make changes…
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AI-powered solution to automate regulatory alert creation
The first agentic (capable of achieving outcomes independently) AI-powered solution to automate regulatory alert creation and workflow orchestration has been…
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DAC Beachcroft adds to New York insurance team
DAC Beachcroft has added an insurance coverage team to its newly formed New York office. Partner J. Gregory Lahr and…
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Tobacco companies settle Canada litigation for C$32.5bn
Three tobacco companies have agreed to pay C$32.5bn (€20.84bn) to settle long-running lawsuits in Canada that claimed units of Philip…
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US tariffs to negatively impact insurance industry, says Best
US-imposed tariffs on leading trade partners are expected to generate greater uncertainty for insurers and prolonged tariffs will likely weigh…
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Pakistan’s regulator recommends major changes to insurance regulatory framework
The insurance regulator has recommended major amendments to strengthen the insurance industry’s risk absorption capacity, bolster financial stability, and provide…
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Trump tariffs could add $24bn to US auto claims costs: APCIA
The Trump administration’s tariffs on Canada, China and Mexico will likely disrupt rebuilding efforts after recent catastrophes and increase the…
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New risk-based regulations for Indonesian insurance industry
The Financial Services Authority (OJK), the Indonesian insurance regulator, with effect from 24 March 2025, will implement a new regulatory…