GRM Legal & Regulation
-
April 1, 2022
UK to revisit captive and ILS regulation
The UK looks set to review legislation on captives and insurance-linked securities (ILS) as the country aims to bolster the…
-
March 30, 2022
AM Best suspends Russian activities
Ratings agency AM Best has suspended all commercial activities with clients in Russia and withdrawn all credit ratings on Russia-based…
-
March 28, 2022
Clyde & Co and BLM agree merger
Global law firm Clyde & Co and UK-headquartered insurance specialist BLM will merge, after partners of both firms voted in…
-
March 24, 2022
Captive sector growing but tax and regulatory threats remain, says CICA president
The captive industry is booming with record numbers but there is still an ongoing threat from regulators and tax authorities,…
-
March 22, 2022
Partners at Clyde & Co and BLM to vote on merger
Partners at Clyde & Co and BLM will vote on a merger after successful talks between the two law firms.…
-
March 21, 2022
Resolution regimes must reflect rarity of insurance failures, says GFIA
Insurer failures are rare and have limited impact on financial stability, and this must be reflected in resolution regimes, according…
-
March 16, 2022
Lloyd’s fines Atrium Underwriting more than £1m for bullying and harassment
Lloyd’s has fined Atrium Underwriters more than £1m for charges of bullying and harassment, the largest fine ever imposed by…
-
March 15, 2022
Aviation insurers face potentially huge loss as Kremlin moves to seize grounded planes in Russia
The international aviation insurance market will be nervously tracking the effective nationalisation by the Russian government of more than 500…
-
March 15, 2022
New general counsel for Marsh McLennan
Katherine J Brennan has been appointed as senior vice-president and general counsel at Marsh McLennan. She will report to Dan…
-
March 14, 2022
Small decline in European insurers’ solvency ratios, says Moody’s
European insurers' solvency ratios have declined by about two percentage points since the beginning of 2022, as a result of…
-
March 9, 2022
Clyde & Co boosts Madrid office with financial lines partner
Clyde & Co has appointed financial lines expert Susana Martínez as partner in Madrid, in a move that the law…
-
February 24, 2022
Best downgrades outlook for MS Amlin’s reinsurance arm to negative on ‘weakening performance’
AM Best has revised the Long-Term Issuer Credit Rating (Long-Term ICR) of MS Amlin’s reinsurance arm MS Amlin AG (Switzerland)…
-
February 23, 2022
Appeal decision in second Australian Covid BI case largely favours insurers
The Australian Full Court of the Federal Court has substantially upheld an earlier Federal Court judgment from October that ruled…
-
February 22, 2022
UK government says it will water down ‘burdensome’ Solvency II rules as Treasury flags reforms
The UK government has promised to free insurers from “burdensome” Solvency II rules that it argues have never worked well…
-
February 21, 2022
Preferential treatment for Hong Kong insurers
The China Banking and Insurance Regulatory Commission (CBIRC) has included the preferential treatment of the Hong Kong insurance industry as…
-
February 17, 2022
Reinsurers call for open markets and appropriate rules
Reinsurers have told the UK House of Lords’ Industry & Regulators Committee that they need open markets and appropriate rules,…
-
February 8, 2022
Oman regulator issues amended insurance regulations
Oman’s Capital Market Authority (CMA) has amended the executive regulations of the Insurance Companies Law. As first reported in our…
-
February 8, 2022
Interim chair of UK’s Financial Conduct Authority appointed
The UK’s HM Treasury has appointed Richard Lloyd as interim chair of the Financial Conduct Authority (FCA) from 1 June…
-
February 8, 2022
Australian government to launch reinsurance pool for cyclone damage
A reinsurance pool for cyclone and related flood damage in Australia has been announced by the country’s government. The pool…
-
February 4, 2022
Australian regulator to modernise country’s prudential architecture
Australian regulators are focusing on new and emerging financial risks, changing business models and the digitalisation of finance, and plan…