Legal & Regulation
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May 18, 2022
Premier League football clubs launch legal action against BI insurers for Covid-19 lockdowns
A group of 20 English football clubs and stadiums are reported to have launched legal action against their insurers for…
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May 18, 2022
Allianz settles with DOJ and SEC over Structured Alpha funds
Allianz has announced that its indirect subsidiary Allianz Global Investors (AGI) US has entered into settlements with the US Department…
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May 17, 2022
Peru sues Repsol and insurer Mapfre for oil spill damage
The government of Peru has filed a civil lawsuit against oil firm Repsol and its insurer Mapfre, claiming $4.5bn in…
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May 17, 2022
Report highlights insurance regulatory changes in Mexico, Brazil and India
Global Insurance Law Connect’s (GILC) 2022 Radar Report has highlighted a number of regulatory changes impacting the insurance sector in…
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May 16, 2022
UK Data Protection Law reforms: divergence from EU rules on the cards?
On 10 May 2022, in the Queen’s Speech to mark the state opening of parliament, the UK government confirmed plans…
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May 16, 2022
UK BI policyholders could form ‘second wave’ of Covid-19 litigation after AXA court decision
UK business interruption policyholders denied Covid-19 payments could join a “second wave” of litigation after AXA Insurance accepted a verdict…
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May 16, 2022
Global Insurance Law Connect report highlights cyber risks from war in Ukraine
The latest edition of the annual Risk Radar Report from Global Insurance Law Connect (GILC) warns of the impact of…
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May 11, 2022
Competition for sea, space and soil will exacerbate future geopolitical risk: Marsh
Rising competition for supremacy over soil, sea and space will fuel future global geopolitical tensions as nations seek to stake…
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May 11, 2022
BIBA calls for premium tax cut and develops guide to reduce underinsurance
The British Insurance Brokers’ Association (BIBA) has called for a reduction in insurance premium tax (IPT) and launched new guidance…
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May 11, 2022
AXA gets regulatory approval to operate as licensed reinsurer
AXA’s holding company AXA SA has received regulatory approval to become the group’s internal reinsurer in a bid to improve…
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May 10, 2022
Ukraine conflict likely to drive complex marine claims across multiple lines, warns Allianz
Marine claims related to the conflict in Ukraine are likely to affect multiple lines of insurance and involve complex legal…
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May 10, 2022
Belgian insurer convicted of discrimination over mental health coverage
A Belgian labour court has ruled that insurers’ distinction between mental disorders and physical injuries, and the subsequent payouts, is…
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May 9, 2022
UK compulsory motor insurance is no longer Vnuk’d
The UK’s Motor Vehicles (Compulsory Insurance) Bill will provide relief to risk managers and insurers long concerned about the impact…
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May 5, 2022
Insurers to be told to stop covering Russian oil exports in effort to sink Putin
As European Commission (EC) President Ursula von der Leyen announced the sixth package of sanctions on Russia, including a complete…
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May 5, 2022
German insurers back shift away from cheap Russian energy
The German insurance industry is backing the recent acceleration in the shift away from reliance on Russian energy towards renewables,…
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May 5, 2022
EC approves German state credit line for firms hit by Ukraine war
The European Commission (EC) has approved a German umbrella scheme with a budget of about €11bn to support companies across…
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May 3, 2022
Guide to European indirect taxation on insurance contracts from Insurance Europe
Insurance Europe has published its latest guide to taxes on insurance contracts and premiums in Europe. Indirect taxation on insurance…
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May 3, 2022
Ferma continues battle to get proportionate captive treatment under Solvency II
The European risk management federation Ferma has held two recent meetings with the French government, which holds the presidency of…
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April 29, 2022
UK gov puts forward Solvency II reform package for consultation
The UK government has published its consultation on Solvency II reforms in a bid to free up billions of pounds…
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April 27, 2022
Alm Brand secures regulatory approval for Codan Forsikring acquisition
The Danish Competition and Consumer Authority has given its unconditional approval to Danish insurer Alm Brand’s purchase of the Danish…