GRM Legal & Regulation
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BLM to lead new APAC legal panel for Zurich
A new legal panel for the strategic management of large and complex claims across the Asia-Pacific (APAC) region has been…
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Leading Spanish insurance litigator joins DAC Beachcroft in Madrid
Pablo Guillén has been appointed as a partner in DAC Beachcroft’s global insurance practice in Madrid. DAC Beachcroft said Mr…
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Captive-based insurance solution launched to unlock US cannabis market
The US National Cannabis Risk Management Association (NCRMA) has launched a new insurance solution for members, through a captive endorsed…
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Sales to secure Aon-Willis deal could take many forms, say analysts
With European regulators apparently pushing for multiple divestitures by Aon before approving its purchase of rival Willis Towers Watson (WTW),…
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Aon offers to sell WTW’s multinational P&C portfolio in four EU countries: Reuters sources
Aon has offered to sell Willis Towers Watson’s (WTW) entire large multinational P&C portfolio in Germany, France, Spain and the…
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Hong Kong adjusts premium levy rate to 0.1%
The Insurance Authority of Hong Kong has announced that the territory’s premium levy rate has been adjusted to 0.1% from…
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Decision delayed as Aon and WTW offer concessions to get deal past EC
Aon and Willis Towers Watson (WTW) have offered concessions to gain EC antitrust approval for their proposed deal, with a…
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Singapore regulator consults on Aon and Willis Towers Watson merger
The Competition and Consumer Commission of Singapore (CCCS) has announced a public consultation on the proposed merger of Aon and…
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Microcaptive owners warned by US Internal Revenue Service
The US Internal Revenue Service (IRS) has ramped up its examinations of abusive microcaptive insurance arrangements and has urged participants…
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Hungarian authorities block VIG’s acquisition of Aegon entities in Hungary
The sale of Aegon’s insurance, pension and asset management businesses in Hungary, Poland, Romania and Turkey to Vienna Insurance Group…
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Hong Kong’s new group-wide supervision framework will improve capital adequacy
The implementation of a group-wide supervision (GWS) framework in Hong Kong, which commenced in March 2021, will improve the capital…
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Dentons appoints head of Europe insurance sector group
Law firm Dentons has named Paris-based partner Frédérique de La Chapelle as head of its Europe insurance sector group. According…
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Insurers concerned over Canadian regulator’s reinsurance guidelines
The Global Federation of Insurance Associations (GFIA) is concerned about draft guidelines from the Canadian regulator that could restrict the…
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The Insurance Amendment Act 2021: paving the way for 74% FDI in India’s insurance sector
The liberalisation of foreign investment in the Indian insurance sector has been a subject of debate for more than a…
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IUA issues guide to delegated authorities
The International Underwriting Association (IUA) has updated a good practice guide for the appointment of delegated authorities (DAs) in light…
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APAC insurers addressing climate risks but change will be gradual, says Fitch
Asia-Pacific (APAC) insurers in developed markets are spearheading efforts to address climate risks in the region, with a focus on…
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New Jersey bill calls for insurers to say whether BI policies cover pandemics
The New Jersey Assembly has approved legislation that would require certain insurers to disclose to prospective buyers and current policyholders…
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EU and UK on brink of signing regulatory deal for financial services
An agreement that could secure trade in financial services between Europe and the UK is imminent, after the two sides…
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Canadian insurance law firm Alexander Holburn joins Legalign Global
Legalign Global has strengthened its network with the addition of Canadian law firm Alexander Holburn (AHBL). Legalign Global is a…
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Insurance sector FDI increase to 74% approved by Indian parliament
The Indian parliament has approved a bill to increase foreign direct investment (FDI) in the insurance sector from 49% to…