Legal & Regulation
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Gallagher expects AssuredPartners deal to close in the Autumn despite regulatory queries
Executives at Arthur J. Gallagher said they are surprised by antitrust regulators’ request for more information on the broker’s planned…
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Litigation risk insurance provider Ignite Specialty Risk expands into EEA
Ignite Specialty Risk, a provider of litigation risk insurance, is expanding into the European Economic Area (EEA), making after the…
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UK overhauls regulation that is ‘too risk averse’
The UK government said the current state of regulation in the country “holds back growth” and has fallen behind other…
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India’s Insurance Act reform can boost foreign investment, says GFIA
The Global Federation of Insurance Associations (GFIA) has written to India’s finance minister welcoming the government’s move to make changes…
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AI-powered solution to automate regulatory alert creation
The first agentic (capable of achieving outcomes independently) AI-powered solution to automate regulatory alert creation and workflow orchestration has been…
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FCA drops diversity and misconduct proposals
The UK’s financial watchdog has rowed back on proposals to broaden the rules on publicising cases of non-financial misconduct, including…
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Ferma calls for insurance exclusion from EU’s public sector procurement rules
Europe’s risk and insurance managers have called for insurance policies to be removed from the EU Public Procurement Directives (PPD),…
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D&O experts put spotlight on AI coverage risks
Artificial intelligence took the spotlight during the Professional Liability Underwriting Society’s (PLUS) directors and officers liability insurance symposium in New…
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DAC Beachcroft adds to New York insurance team
DAC Beachcroft has added an insurance coverage team to its newly formed New York office. Partner J. Gregory Lahr and…
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European regulators set to ease requirements for captives
European captive owners face significant regulatory hurdles, but potential changes could reduce the number of filings companies need to make,…
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Pakistan’s regulator recommends major changes to insurance regulatory framework
The insurance regulator has recommended major amendments to strengthen the insurance industry’s risk absorption capacity, bolster financial stability, and provide…
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Trump tariffs could add $24bn to US auto claims costs: APCIA
The Trump administration’s tariffs on Canada, China and Mexico will likely disrupt rebuilding efforts after recent catastrophes and increase the…
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Italy’s delayed mandatory nat cat cover law to start on 31 March
Delayed legislation requiring Italian companies to buy natural catastrophe cover has now been published in the Official Journal of the…
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Insurers reject Eiopa’s blueprint for EU-wide property risk tool
Europe’s insurers have rejected proposals for an EU-wide risk awareness and prevention tool, arguing that a ‘one-size-fits-all’ approach is not…
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New risk-based regulations for Indonesian insurance industry
The Financial Services Authority (OJK), the Indonesian insurance regulator, with effect from 24 March 2025, will implement a new regulatory…
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German insurers add support for EC’s CSRD and CSDDD cuts
German insurers have welcomed the proposal to remove small and medium-sized companies from the scope of the Corporate Sustainability Reporting…
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UK regulator willing to be ‘bold’ on commercial insurance reforms
UK financial services regulator the Financial Conduct Authority (FCA) said it is “willing to be bold” in its role to…
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India’s regulator forms review panel to look into industry reforms
The Insurance Regulatory and Development Authority of India (IRDAI) has formed a high-powered committee to review significant changes to the…
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US could target reinsurance trade gap, warns think tank
The US may look to close its sizable reinsurance trade imbalance under President Donald Trump, but such a move would…
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GDV calls for new German government to take action
German insurers have called on the country’s new government to “take action” and “set the right course” for a more…