Legal & Regulation
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Unresolved issues spark second wave of UK Covid-19 BI litigation
A second wave of Covid-19-related business interruption (BI) insurance litigation is underway in the UK, driven by unresolved coverage issues…
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Opportunity knocks for wider market as Aon struggles to get WTW deal over the line
Latest news from the Competition and Consumer Commission of Singapore (CCCS) that it has completed its initial review of the…
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Almost 10,000 BI policyholders still waiting for insurer decisions on Covid-19 claims
Insurers have settled and paid in full 13,895 business interruption (BI) Covid-19 claims in the UK worth £433m since the…
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Colonial Pipeline attack to hit cyber capacity says AM Best
The scale and severity of ransomware attacks against businesses could force more insurers to exit underwriting cyber risk, said AM…
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Chubb awaits appeal decision on Wirecard D&O claim
Chubb has challenged a lower court ruling made in Frankfurt back in January that ordered it to honour the D&O…
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Regulators should focus on sector-wide vulnerabilities of insurance sector, says GFIA
The Global Federation of Insurance Associations (GFIA) has told the International Association of Insurance Supervisors (IAIS) that it should focus…
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Greensill founder blames insurers for firm’s collapse
Lex Greensill, the founder of collapsed supply chain finance firm Greensill Capital, has said the company’s insurers were to blame…
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India: Insurance sector set for transformation says newly retired IRDAI chairman
The Indian insurance sector is on the cusp of a transformation, according to Dr Subhash Khuntia who retired from his…
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Eiopa chooses 44 insurers for Covid-19 stress test
Regulators will stress test Europe’s insurers and reinsurers to measure the impact of a prolonged Covid-19 scenario and a lower-for-longer…
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Italian risk managers focus on changes to global trade terms
Risk and insurance managers need to take a close look at recent changes to Incoterms, the international commercial trade terms…
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Ferma concerned corporate buyers are missing from Eiopa’s plans to boost insurance data sharing
Ferma has welcomed Eiopa’s consultation on opening up the insurance market to ensure greater sharing of insurance data, but is…
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DAC Beachcroft appointed to Zurich’s APAC legal panel
DAC Beachcroft has been appointed to Zurich Insurance Group’s new large and complex claims legal panel for the Asia-Pacific (APAC)…
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Europe’s insurers call for EU’s VAT directive to be reformed
Insurance Europe is asking for the EU’s VAT directive to be reformed, calling it outdated and not correctly applicable to…
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EC pushes Aon-WTW decision into August
European competition regulators have pushed back their decision on Aon’s $30bn acquisition of Willis Towers Watson (WTW) into August, putting…
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Aon-Willis asset sales won’t cut cost-savings goal: Aon CFO
Aon still thinks it will achieve its previously predicted $800m cost savings through the proposed purchase of rival Willis Towers…
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UK warehouses at greater risk of fire from e-commerce boom warns insurer
Zurich has called for the wider use of sprinklers in UK warehouses describing the current government requirements as “inadequate” and…
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Aon set to get EC approval for WTW deal without further concessions
The EC is set to grant Aon conditional antitrust approval to acquire Willis Towers Watson (WTW) without further divestment concessions…
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EC asks stakeholders which firm is right buyer for WTW assets: Reuters
The EU competition watchdog has asked risk managers and other brokers which companies would be suitable buyers of the Willis…
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Australian commission delays Aon-Willis review
The Australian Competition & Consumer Commission (ACCC) has delayed its review of the proposed combination of Aon and Willis Towers…
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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…