Legal & Regulation
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UK organisations at risk of higher legal and insurance costs from personal injury reforms
Marsh has advised UK organisations to review their procedures for handling employers' liability, motor and public liability claims in order…
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End of FSA will increase scrutiny and costs for insurers warns Fitch
Soon to be implemented changes to the UK financial services' regulatory regime will intensify the scrutiny on insurers and banks…
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EU data protection rules under threat as lobbyists taste success
New rules for data protection in the European Union (EU) could be watered down after successful lobbying from nine countries…
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Insurers concerned over GFC regulatory backlash
Plans to subject some insurers and reinsurers to proposed systemic risk regulation are flawed and could hold back innovation, according…
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Battle over EU data protection rules delays introduction
Proposed amendments to the European Commission’s (EC) forthcoming Data Protection Regulation would place yet further obligations on business, experts have…
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Spanish insurers warn of paralysis due to Solvency II but remain upbeat
Leading Spanish insurers complained this week about the excessive regulation coming their way from the European Union, warning that in…
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Cyber security advances up the international agenda
The European Network and Information Security Agency (Enisa) has published the findings of the largest ever pan-European cyber security exercise.…
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Offshore safety directive includes mandatory risk management and transfer
A provisional deal on proposed legislation for the safety of offshore oil and gas operations that was sparked by the…
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EU proposes new directive on cyber security
Companies that operate critical infrastructure or provide an internet-based information service must adopt cyber risk management practices and meet a…
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European Parliament committee backs data protection reform
The European Commission this week 'welcomed' the adoption of an opinion by the European Parliament's Industry, Research and Energy Committee…
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KPMG calls for clear roadmap following latest Solvency II delay
The European Parliament plenary meeting at which it was hoped the Omnibus 2 amendments to the Solvency II Directive would…
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Buyers in the dark over misfiring ELD
As an EC-commissioned study finds that the Environmental Liability Directive (ELD) is failing to deliver on its promise and hold…
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Lack of ELD cases sees France seek alternative redress system
With no cases of environmental damage remediated under the Environmental Liability Directive (ELD) in France the country’s government appears ready…
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EC-commissioned study finds ELD struggling to make polluter pay
Preliminary findings of a study on the effectiveness of the Environmental Liability Directive (ELD) commissioned by the European Commission (EC)…
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AIG board rapidly rejects Starr demand to sue government over bailout terms
AIG yesterday announced that it would not pursue lawsuits filed by Starr International Company, the group run by former AIG…
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Europe’s insurers will use EU gender rules to raise rates: Fitch
New European Union rules that do not allow insurers to set premiums along gender lines which came into force on…
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Further guidance on proportionality in EIOPA opinion
The European Insurance and Occupational Pensions Authority (EIOPA) published an opinion on interim measures on Solvency II towards the end…
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Europe’s insurers call for clarity on Solvency II
Uncertainty surrounding the implementation of Solvency II, Europe’s planned capital adequacy and reporting regime for the insurance sector, was identified…
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Marketing hype from consultants hampers fight on financial crime
Efforts by the UK government and police to tackle financial crime are hampered by a lack of accurate data about…
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Regulation, compliance and network security will drive management liability costs
Management liability and professional lines insurance buyers should prepare for rate increases in 2013 sparked by rising concern over the…
