GRM Legal & Regulation
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Travelers wins virus BI case against hotel chain
A federal district court in Cleveland has dismissed Covid-19 business interruption litigation filed by a hotel chain against a Travelers…
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London still losing ground to New York as world’s leading financial centre
A new report from Duff & Phelps suggests that London continues to lose ground to New York as the world’s…
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Australian regulator latest to question Aon-WTW deal
Australia’s competition regulator has raised “concerns” over Aon’s planned acquisition of Willis Towers Watson (WTW) because it could drive higher…
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ClimateWise insurers boost climate risk disclosures in 2020
The ClimateWise group of (re)insurers has improved its climate change disclosures as regulators take a step closer to mandating action…
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Guernsey expects significant rise in new captives from fast-track pilot
Last year, Guernsey licensed seven new captives, but the domicile expects to see a significant rise in 2021, according to…
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Eiopa still mulling pan-European pandemic and multi-risk NDBI pool
A new consultation paper from Eiopa on how best to improve business interruption (BI) insurability in light of Covid-19, concludes…
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UK regulator says it wont ‘tear up’ SII or greatly change capital requirements
The UK has “no appetite” to tear up Solvency II or greatly reduce its capital requirements in a review of…
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EU holding UK to higher standards on equivalence, says BoE’s Andrew Bailey
The EU is holding the UK to higher standards than other third countries before granting financial services equivalence, according to…
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India’s foreign-ownership change could see global insurers entering market says Fitch
India’s proposed relaxing of foreign-ownership caps on insurers, and the listing of the country’s largest state-owned insurer, will help the…
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Egyptian insurance market regulatory oversight improving says Fitch
Regulatory oversight in the Egyptian insurance market is developing with both limited transparency and effectiveness of enforcement, but the market…
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India to increase foreign direct investment in insurers to 74%
The Indian government has announced it is to increase the permitted foreign direct investment in insurance companies from the current…
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Latest IPT increases and exemptions – TMF Group
The latest changes to insurance premium taxes (IPT) and other taxes and charges affecting global insurance programmes have been highlighted…
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Insurance market predictions from DAC Beachcroft
International experts at DAC Beachcroft have offered their predictions on the opportunities and challenges that the insurance market may face…
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Eiopa sets out future role and priorities for ‘a new normal’
The European Insurance and Occupational Pensions Authority (Eiopa) says that continued crisis management and adaptation will be an integral part…
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European Parliament calls for tougher action on EU list of tax havens
The European Parliament has called for changes to the EU list of tax havens, taking tougher action that could potentially…
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Australian insurers can cope with Covid BI claims says Fitch
Australian risk managers will be pleased to see the legal tide turning in favour of policyholders in the ongoing dispute…
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Be prepared: the key to IPT compliance for non-traditional covers
Although the insurance industry has a longstanding reputation of being staid and traditional, alternative risk transfer solutions, including the use…
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GCC sees growing interest in captives
There is growing interest in captives in the Gulf Cooperation Council (GCC) region, according to a webinar held by AM…
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Argentinian insurance regulator joins IAIS’s Multilateral Memorandum of Understanding
The Argentinian insurance regulator has joined the International Association of Insurance Supervisors’ (IAIS) Multilateral Memorandum of Understanding (MMoU). The Superintendencia…
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Leading US captive associations highlight concerns over TRIP consultation
The Captive Insurance Companies Association (CICA), the Vermont Captive Insurance Association (VCIA) and the Captive Insurance Council of the District…