GRM Legal & Regulation
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Climate lawsuits could be ‘comparable to tobacco or mesothelioma litigation’
Any companies that thought they didn’t need to worry about being sued for their environmental behaviour should think again after…
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Chubb units seek to dismiss $32.6m US jury verdict in coal case
Chubb units are asking a US court in Charleston, West Virginia to grant its summary judgment motion following a $32.6m…
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Australian general insurers must review risk management frameworks
Australian general insurers have been told to review the soundness of their risk management frameworks in light of recent issues…
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ESG to impact coverage, price and future renewals
Environmental, social and governance (ESG) disclosure and commitments on net-zero emissions by insurers are increasingly likely to affect the coverage…
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More negative than positive insurer ESG rating actions: AM Best
Weather-related events and governance were the two biggest drivers for environmental, social, and governance (ESG) ratings actions on insurers between…
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![Margrethe Vestager, EC commissioner in charge of competition policy Credit: Friends of Europe from Brussels, Belgium [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)]](https://www.commercialriskonline.com/wp-content/uploads/2019/03/0_Vestager-Margrethe_European_Commissioner_for_Competition-390x220.jpg)
EC gives Aon-WTW deal conditional approval
The EC has given Aon’s $30bn acquisition of Willis Towers Watson (WTW) conditional approval on the back of a raft…
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New prudential framework for Russian insurers launched
The Central Bank of Russia (CBR) has implemented a new prudential framework for Russian insurance companies that will bring the…
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Aon/WTW court date with DoJ set for November
A court date for the US Department of Justice’s (DoJ) action to block Aon’s $30bn Willis Towers Watson (WTW) acquisition…
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Micro-captives back on IRS’s ‘dirty dozen’ list of US tax scams
Micro-captives in the US have once again appeared on the Internal Revenue Service’s (IRS) ‘dirty dozen’ list of tax scams.…
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Most captive domiciles sign up to G7 tax framework
The majority of the leading captive domiciles have signed up to the OECD/G20 Inclusive Framework on Base Erosion and Profit…
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DWF appoints Suchomel to lead German insurance practice
Law firm DWF has appointed Jan-Ulf Suchomel as partner and head of its German insurance practice. Based in Munich, Dr…
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Hopes for UK-EU financial services equivalence agreement fade
UK chancellor Rishi Sunak has said an equivalence deal on financial services equivalence with the EU has simply “not happened”,…
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UK will reform SII ‘as soon as possible’ on ‘compelling’ evidence for change
The UK government said it has collected “compelling” and “extensive” evidence to change “overly rigid” Solvency II rules, which the…
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Aon battles with DOJ over merger trial date as competition concerns mount
The $30bn merger of mega brokers Aon and Willis Towers Watson (WTW) looks certain to be delayed, and potentially scuppered,…
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Malta added to Financial Action Task Force ‘grey list’
The intergovernmental Financial Action Task Force (on money laundering) (FATF) has added Malta to its list of jurisdictions under increased…
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Court denies appeal for Australian insurers over BI test case
The Australian High Court has denied an appeal by the Insurance Council of Australia (ICA) of the NSW Court of…
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Insurance Europe calls for removal of trade and market access barriers
A number of trade and market access barriers that European (re)insurers face in Argentina, Brazil, Canada, India and Indonesia should…
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DLA Piper hires insurance and class action partner in Australia/UK
DLA Piper has hired insurance and class action specialist Tricia Hobson from Norton Rose Fulbright. She will join DLA Piper’s…
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DOJ complaint threatens to scupper Aon-WTW deal
The US Department of Justice (DOJ) has filed a civil antitrust lawsuit in the US District Court for the District…
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GDPR could be the target of UK’s post-Brexit ‘red tape’ cutting
An independent report into post-Brexit UK regulation, commissioned by the country’s Prime Minister, has recommended replacing the General Data Protection…
