GRM Legal & Regulation
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Indian insurance market growth supported by evolving regulatory regime, says Moody’s
Growth in India’s insurance and reinsurance sectors is continuing to be supported by India's strong economy and evolving regulatory regime,…
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Iran prepares to welcome foreign insurers
Foreign insurers are reportedly lining up to establish reinsurance operations in Iran, according to the country’s top insurance official. Head…
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AXA XL transfers European subsidiary to Dublin
AXA XL has completed the transfer of XL Insurance Company from the UK to Dublin, where it will become the…
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IAIS recovery planning paper ‘highly and unnecessarily prescriptive’, says GFIA
The Global Federation of Insurance Associations (GFIA) has warned that the International Association of Insurance Supervisors’ (IAIS) paper on insurers’…
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European Parliament report on review of European supervisory authorities
Insurance Europe has largely welcomed the European Parliament’s Economics and Finance Committee’s (ECON) report on the review of European supervisory…
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New year insurance premium tax changes in EU countries
The new year has seen a number of tax changes affecting the insurance sector in EU countries, according to insurance…
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DAC Beachcroft opens French office
International law firm DAC Beachcroft has opened its first office in France. The new office will be based in Paris,…
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Chubb Europe confirms France move
Chubb European Group has confirmed its relocation to France from London at the turn of the new year, in preparation…
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Denmark introduces new contributions to non-life insurance guarantee fund
Denmark has revealed new contributions to the non-life insurance guarantee fund from the beginning of next year, according to insurance…
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Insurance associations call for two-year delay to IFRS 17
A number of insurance associations from around the world have called for a two-year delay to International Financial Reporting Standard…
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US and UK sign bilateral regulatory agreement on (re)insurance
The US and the UK are to sign a bilateral agreement on the regulation and supervision of insurance and reinsurance,…
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Liberty Specialty Markets receives Luxembourg licence
Liberty Specialty Markets (LSM) has received a licence for its new Luxembourg insurance company, Liberty Mutual Insurance Europe SE (LMIE).…
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IAIS introduces changes to improve executive committee representation
The International Association of Insurance Supervisors (IAIS) has announced a number of changes designed to ensure representation from the major…
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New tax for environmental policies in Spain
Spain is introducing a new tax for environmental policies, according to insurance premium tax specialists Impendulo. The new tax, representing…
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AM Best registers new Amsterdam subsidiary ahead of Brexit
AM Best has established a new subsidiary in the Netherlands that will allow it to continue rating companies in the…
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New 2% levy on motor insurance policies in Ireland
Ireland has brought in the Insurance (Amendment) Act 2018, which will bring in a new motor insurance compensation fund and…
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Principle of proportionality applied by NCAs, EIOPA peer review finds
National Competent Authorities (NCAs) in Europe generally apply the principle of proportionality when supervising and determining whether an insurer's setting…
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SCOR’s European P&C insurer approved and ready for Brexit
French reinsurer SCOR has established a new P&C insurer in Paris to take over its UK business in the European…
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UK insurers preparing for loss of passporting rights, says Best
UK companies will still be able to underwrite reinsurance business on a cross-border basis post-Brexit in all but a small…
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Consorcio de Compensación de Seguros tax information changes in Spain
Major changes in the information required to pay and declare Consorcio de Compensación de Seguros (CCS) taxes in Spain will…