Legal & Regulation
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German market in uproar over Solvency II
Germany's insurers are in uproar over Solvency II. After years of more or less ignoring the EU's efforts to unify…
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CEIOPS tells EC to exclude big risks as FERMA nears conclusion of transparency deal
The large commercial insurance and reinsurance markets will be excluded from the European Commission’s updated Insurance Mediation Directive (IMD2) if…
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EC clears the way for ‘transitional regime’ approach to equivalence for Solv II
The European Commission has written a letter to CEIOPS confirming that it wants to adopt a 'transitional regime' for countries…
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IGREA welcomes Solvency II but warns against overburden on insurers
Large Spanish insurance buyers have expressed their support of the Solvency II directive, but have also warned legislators to avoid…
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Mesothelioma employers liability ‘trigger’ case causes concern for insurers
The UK Court of Appeal's recent judgement on when employers liability (EL) policy cover is triggered in mesothelioma cases is…
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EU Forum meets to help boost food sector
The first meeting of the High Level Forum for a Better Functioning Food Supply Chain took place on Tuesday. It…
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Beginning of the end?-Karel Van Hulle
Solvency II is a big and complicated project that will significantly change the way the European and even the global…
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EC softens stance on equivalence and opens door to US
The European Commission has decided to relax its approach to third countries outside the European Union when it decides which…
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Commission should leave cover for ELD risks to market forces-expert says
Following a recent report from the European Commission on the Environmental Liability Directive (ELD) that suggests it is considering intervention…
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QIS 5 delayed but captives have not been ignored
Captive owners will have to wait a few weeks longer than expected for the results of QIS 5 but can…
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Commission looks to beef up ELD as Hungary counts cost of toxic disaster
A recent report from the European Commission suggests that it is looking to beef up the Environmental Liability Directive [ELD]…
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Insurers must not ignore the competitive advantages of Solvency II-PwC
Insurers must not waste the opportunity afforded to them by Solvency II to show their value to customers and investors…
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ELD to ‘bare its teeth’ in Hungarian toxic spillage
The disaster in Hungary, which has seen toxic sludge escape from a reservoir in the city of Ajka, should serve…
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Mounting scrutiny on Italian motor insurers reveals concerns
The preliminary findings of the Italian antitrust authority's probe into motor-liability insurance in Italy suggest that the body may act…
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Early QIS 5 feedback suggest captives still under pressure
Initial results from QIS 5, the crucial fifth Solvency II quantitative impact study, show that solvency capital requirements for captives…
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Parliament vote means ‘new era’ of European supervision – CEIOPS
The three European Level 3 Committees of national supervisors – CEIOPS (insurance), CESR (securities) and CEBS (banking) – have welcomed…
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Liability to expand in Europe despite recent caution
The breadth of legal liability and levels of compensation across Europe are likely to increase in due course, along with…
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New EU rules will ‘name and shame’ less safe shipping companies
The European Commission has adopted new rules to enhance and improve the safety performance of ships, which will include the…
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EC consults on pan-European contract law
The European Commission held the first meeting of business, consumer and legal practitioners’ groups yesterday to discuss the possibility of…
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Talks finally begin to clear up global programme uncertainties
The European Captive Insurance and Reinsurance Owners’ Association has opened talks with the International Association of Insurance Supervisors to try…
