GRM Legal & Regulation
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Egypt increases insurers’ capital requirements to enhance solvency
Egypt’s Financial Regulatory Authority (FRA) has issued a decision to increase the minimum capital of insurance companies to enhance financial…
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Brokers fear EU regulators could block broker access to London market
The London & International Insurance Brokers’ Association (LIIBA) is worried about rising regulatory interest in Europe in multinational programmes that…
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Litigation expected to be even bigger US risk in 2025
Nearly half of US corporate counsel expect the number of lawsuits and regulatory investigations impacting their organisations to increase in…
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China and US sign insurance sector MOU
China’s National Financial Regulatory Administration and the US Treasury’s Federal Insurance Office have signed a memorandum of understanding (MOU) related…
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DAC Beachcroft opens in US
DAC Beachcroft is to launch in the US on 1 January 2025 with the opening of offices in New York…
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Global programmes – and common misconceptions about them
Global insurance programmes for major corporates are now far more common than they were just a few years ago, and…
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Jordan’s central bank issues draft insurance bill
The Central Bank of Jordan (CBJ) has completed preparing a draft insurance law, according to a statement by the regulator.…
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IAIS adopts Insurance Capital Standard to promote resilient insurance sector
The International Association of Insurance Supervisors (IAIS) has adopted the global Insurance Capital Standard (ICS), the first comprehensive global capital…
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IAIS report highlights key risks facing global insurance sector
Insurers have maintained stable solvency and profitability levels, supported by strong underwriting performance and robust investment returns, according to the…
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D&O experts eye US Supreme Court pleading standards case
The US Supreme Court’s looming decision on pleading standards in a securities class action may have a significant impact on…
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UK confirms captive regime plans
The UK’s risk and insurance community has welcomed confirmation that the UK will pursue new rules to create a captive…
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DWF expands in Australia with new team
Law firm DWF has recruited the London market team of the Australian law firm Hall & Wilcox, with nine partners…
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US election could bring change to P&C sector
The property and casualty and risk management sector will likely see changes following last week’s election in the US, as…
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India open to 100% FDI in insurance sector: IRDAI
IRDAI chairman Debasish Panda is pitching for 100% foreign direct investment (FDI) in the insurance sector, saying a huge amount…
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Travelers ordered to pay $37.9m for wrongful conviction settlement
A Missouri state court jury has ordered Travelers to pay $37.9m to six police officers and a man wrongfully convicted…
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Delta sues CrowdStrike over July IT outage
US airline Delta has launched a $500m lawsuit against cybersecurity company CrowdStrike after a systems update in July led to…
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Dali shipowners settle DoJ Baltimore bridge action for $100m
The US Department of Justice (DoJ) has reached a $102m settlement with the Singaporean owners of the vessel that crashed…
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International Association of Insurance Supervisors sets strategic plan for 2025-2029
The International Association of Insurance Supervisors (IAIS) has identified three strategic themes that it said will feature prominently in its…
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Regulatory overload firmly on Ferma’s lobbying agenda
Ferma is urging the EU to simplify its regulatory and reporting requirements amid fears that members are facing overload, while…
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European firms underestimating US casualty exposure, warns Munich Re
We spoke to Munich Re’s global casualty chief underwriting officer for facultative and corporate Monika Hauke about the rising threat…