Legal & Regulation
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May 8, 2024
Thai Covid policyholders offered deal by regulator
The General Insurance Fund (GIF) of Thailand is reportedly presenting policyholders who have Covid-19-related loss claims with a choice of…
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May 3, 2024
Hong Kong and Shanghai to cooperate on captives and ILS
The Chinese government has reportedly said that an agreement has been signed that includes plans for greater co-operation between Hong…
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May 2, 2024
Fenchurch Law names new managing partner as it restructures for global expansion
UK-based Fenchurch Law, which works solely for corporates and brokers, has appointed Joanna Grant as managing partner, with predecessor and…
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May 1, 2024
Swedish navy issues Russia shadow fleet warning
The chief of Sweden’s navy, Ewa Skoog Haslum, has warned of the threat posed by unregistered and uninsured Russian ships.…
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May 1, 2024
Sweden closes down cryptomining data centres over tax
Sweden’s tax agency (Skatteverket) has closed down 18 data centres for trying to avoid tax while secretly engaging in cryptomining.…
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April 30, 2024
Legal uncertainty spooks insurers and reinsurers in Brazil
Legal uncertainty is back in Brazil’s insurance market as two pieces of conflicting legislation under analysis by the country’s parliament…
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April 23, 2024
Insurance Europe calls for EC to ‘get it right’ on Solvency II
Changes to Europe’s Solvency II regulation at technical level must be “fully aligned” with the intentions of the political agreement…
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April 22, 2024
Rates drive change in AM Best’s London market outlook to positive
Rating agency AM Best says strong pricing is driving underwriting profitability and behind its positive outlook on the London insurance…
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April 19, 2024
Insurers defend Nord Stream’s €400m lawsuit as act of war
Insurers for the Nord Stream gas pipeline damaged by blasts in 2022 have denied coverage in defence of a lawsuit…
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April 18, 2024
Insurers raise concerns over UN-proposed changes to premium tax
The UN Committee of Experts on International Cooperation in Tax Matters has proposed a revision to a UN Model Convention…
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April 18, 2024
India insurers free to change wording in corporate policies
The Insurance Regulatory and Development Authority of India (IRDAI) is to allow general insurers to change the wordings in all…
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April 16, 2024
Fitch shifts state-linked Chinese insurers to negative outlook
Fitch Ratings has affirmed the ratings of seven Chinese insurers but revised the outlooks for six of these seven to…
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April 12, 2024
NFP sues Alliant over real estate group ‘raid’
A unit of US broker NFP Corp has sued rival Alliant Insurance Services for allegedly poaching 19 employees, including real…
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April 11, 2024
Fenchurch law to ‘level playing field’ for policyholders in Singapore
Fenchurch Law, the leading UK law firm that works exclusively for insurance policyholders and brokers, will offer its specialist legal…
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April 5, 2024
Darim keeping on top of constantly changing legislation
Regulation has become an increasingly onerous part of the corporate world and one that carries its own risks – from…
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April 4, 2024
European commercial market to soften in 2025: Fitch
Fitch predicts that the commercial European insurance market will soften next year as competition among insurers mounts to the point…
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April 4, 2024
AIG files action against Dellwood leadership for stealing ‘trade secrets’
AIG has filed an action against a group of former senior executives who left the insurer to launch US excess…
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April 4, 2024
Eiopa consults on reassessment of nat cat risks
The European Insurance and Occupational Pensions Authority (Eiopa) has launched a public consultation on reassessing natural catastrophe risks in the…
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April 4, 2024
Eiopa ready to back PPPs to cope with nat cat risk
Petra Hielkema, chair of the European Insurance and Occupational Pensions Authority (Eiopa), has told chief risk officers at Europe’s leading…
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April 2, 2024
UK insureds slowly winning the war on Covid-BI litigation
As Covid-19 business interruption (BI) insurance claims continue to grind their way through the English Courts, UK businesses are slowly…