GRM Legal & Regulation
-
EC proposes financial supervisory reforms giving stronger role for EIOPA
The European Commission (EC) has proposed reforms to pave the way for further financial integration, which will improve the mandates,…
-
IAIS paper recognises value of mutual and cooperative insurers
The International Association of Insurance Supervisors (IAIS) has published an application paper on the regulation and supervision of mutuals, cooperatives…
-
Starr to relocate EU base in Malta
The Maltese insurance sector received a significant boost this week as the government revealed that Starr Companies, the US-based global…
-
XL’s insurance firm set for Dublin move because of Brexit
XL Group has announced plans to move its EU insurance company to Dublin from the UK in order to deal…
-
UK regulator must step-up for London ILS market plans to succeed
The UK’s regulator must be more responsive if London is to become a global hub for insurance-linked securities (ILS), according…
-
Insurance Europe still has concerns despite improvements in OECD’s BEPS guidance
Insurance Europe has noted improvements in the Organisation for Economic Co-operation and Development’s (OECD) revised discussion draft on its base…
-
GVNW steps up lobbying effort to ease placement of global programmes
Non-admitted rules that ban insurers from writing industrial business in certain countries are still a major hassle for big companies…
-
Tokio Marine chooses Luxembourg for new EU company
Tokio Marine Group is planning to open a new European insurance company in Luxembourg. The company said the move will…
-
Solvency II disclosures point to increased regulatory scrutiny, says Moody’s
Solvency II disclosures have shed light on areas of future regulatory scrutiny, according to Moody's Investors Service. The ratings agency…
-
Solvency II review shows good progress but additional work needed, says Insurance Europe
Insurance Europe believes that additional work is required in several areas for the upcoming review of Solvency II by the…
-
Insurance supervisors to focus on macroprudential supervision, says IAIS
During the next three years, insurance supervisors will focus on macroprudential supervision, which is concerned with the mitigation of systemic…
-
Collective actions on the rise in Germany and Europe – Dieselgate as game changer?
For many years, the pros and cons of collective redress have been intensively discussed in Germany and Europe, with the…
-
Position papers point to life after Brexit
Ahead of the resumption of Brexit negotiations on Monday, the UK government has published several position papers giving business some…
-
Protectionist measures in Indonesia, Turkey and Argentina highlighted by Insurance Europe
Insurance Europe has published updated country fact sheets for Indonesia, Turkey and Argentina. The fact sheets highlight a range of…
-
BEPS not a threat to captives if used correctly: San Millán
Spanish and European captive owners should not be overly concerned about the Organisation for Economic Co-operation and Development’s (OECD) Base…
-
Insurance Europe calls for less prescription in IAIS’s reinsurance ICP
Insurance Europe has called on the International Association of Insurance Supervisors (IAIS) to refrain from being overprescriptive in certain provisions…
-
Clyde & Co launches ninth US office
Law firm Clyde & Co has opened an office in Los Angeles and hired Jim Koelzer, a lawyer with considerable…
-
Lords inquiry tackles regulatory equivalency post-Brexit
A new inquiry led by the UK’s House of Lords will assess how its country’s financial service firms could continue…
-
Chinese regulator calls for greater self-discipline from insurers
The Chinese insurance sector has been urged to show greater self-discipline by the country’s insurance regulator. According to a report…
-
Insurance Capital Standard not fit for purpose, says ABI, as IAIS launches field testing
The Association of British Insurers (ABI) has insisted that the International Association of Insurance Supervisors’ (IAIS) Insurance Capital Standard (ICS)…