Legal & Regulation
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Market and macroeconomic risks top Eiopa’s concerns for European insurers
European insurers’ exposures to macro and market risks are running high and pose the main concerns for the sector, according…
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US broker Baldwin Risk Partners files poaching suit against rival Alliant
Units of US broker Baldwin Risk Partners (BRP) units have filed a poaching lawsuit against Alliant Insurance Services and a…
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European business and insurers call for urgent reform of PLD
A group of leading European business federations, including Insurance Europe, have released a statement warning against the threat of potential…
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German insurers expect spike in fidelity claims as whistleblowing act arrives
German insurers expect higher losses in the short term but fewer white-collar crimes in the long term as a result…
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Insurance Europe welcomes EU Data Act but seeks ‘robust’ sector legislation
Insurance Europe said the proposed EU Data Act is set to shape the single market for data and it is…
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Global law report highlights increased ESG scrutiny for insurers
The increased scrutiny of ESG strategies in many jurisdictions is impacting directors’, officers’ and financial institutions’ coverage, as well as…
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AM Best restores stable outlook to QBE subsidiary ratings
AM Best has changed its long-term issuer credit rating (ICR) outlook on QBE’s international subsidiaries QBE Europe, QBE UK and…
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Cyber market to tighten further after Merck defeats insurers in NotPetya appeal, warns IT firm
An appeals court ruling this week that affirmed Merck is entitled to $1.4bn of cyber claims from the NotPetya attack…
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Companies neglecting the impact of ESG on insurance
A general ignorance around the impact of sustainability on the role of insurers is in danger of compromising companies’ risk…
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Europe braces for rise in liability costs
European companies should prepare to face a rise in litigation costs thanks to social inflation around liability claims. This was…
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US Supreme Court decision on Big Oil could fuel flood of claims
A recent decision by the US Supreme Court has dealt a “heavy blow” to Big Oil defendants seeking to move…
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IAIS highlights role of supervisors in addressing nat cat protection gaps
Insurance supervisors can play an essential role in supporting disaster risk assessment and risk management practices and addressing protection gaps,…
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Australian non-life insurers urge government to remove regulatory burden
Australian non-life insurers have called on the government to remove some of the regulatory complexity from the insurance industry, which…
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DWF expands Dubai office with two new partners
DWF has expanded its Dubai office with the appointment of insurance disputes and coverage experts Victoria Clucas and Bill Evans…
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Australian insurers urge government not to ban ransom payments
The Insurance Council of Australia has said it would welcome government initiatives that improve firms’ cyber risk posture but has…
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EIOPA and ECB outline policy options to promote climate catastrophe insurance
More sophisticated frameworks need to be put in place in Europe to deal with extreme weather events including public-private partnerships…
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IAIS cyber insurance report highlights growing demand and supervisory response
Global cyber insurance premiums have continued to grow despite tighter terms and conditions and stricter risk selection, according to the…
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Extending fixed recoverable costs in civil claims: October 2023 implementation confirmed
The recent publication of the minutes of the Civil Procedure Rule Committee’s (CPRC) March 2023 meeting reports important progress towards…
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EU proposes package to bolster crisis and insurance management at banks
The EC has adopted a proposal to strengthen the EU’s existing bank crisis management and deposit insurance (CMDI) framework, with…
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Broker McGriff suing former VP for contract breaches
Brokerage McGriff Insurance Services is suing a former vice president for sending confidential information to his new employer and soliciting…
