Legal & Regulation
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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…
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April 27, 2022
Norway’s Havila Kystruten gets dispensation from sanctions
Norwegian shipping company Havila Kystruten has been granted a dispensation from Norway’s Ministry of Foreign Affairs to continue operating in…
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April 26, 2022
Likely rate increases through 2022 back stable outlook for London market, says AM Best
AM Best expects insurance rates to continue hardening this year, which is a big factor in holding its stable outlook…
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April 25, 2022
GFIA calls for clarification and simplification of OECD’s GloBE tax rules
The Global Federation of Insurance Associations (GFIA) has highlighted a number of areas in the Organisation for Economic Co-operation and…
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April 25, 2022
Danske bank faces €1.3m fine over data protection violations
The Danish Data Protection Authority (DDPA) has fined Danske Bank €1.3m for its failure to delete customer data. The financial…
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April 25, 2022
US restaurants lose Covid BI ruling in first state high court decision
The Massachusetts Judicial Supreme Court has joined federal appeals courts in ruling against policyholders in a Covid-19 business interruption (BI)…
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April 22, 2022
AM Best lowers outlook on Italian non-life market to negative
AM Best has revised its outlook on the Italian non-life insurance sector to negative from stable. The ratings agency said…
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April 21, 2022
Ericsson faces criminal investigation in Sweden over corruption case
Prosecutors in Sweden have launched a criminal investigation into corruption charges against telecoms giant Ericsson. The case centres on a…
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April 19, 2022
Outgoing Narim president urges buyers to look for positives in hard market
Adri van der Waart, outgoing president of the Netherlands association of risk and insurance management (Narim), has urged his colleagues…
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April 19, 2022
Generali files complaint against former executive
The battle for control of Italian insurer Generali intensified late last week as the company announced that it has filed…
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April 14, 2022
EC proposes intellectual property rights for craft and industrial products
The European Commission (EC) has proposed its first-ever framework to protect the intellectual property of craft and industrial products that…
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April 14, 2022
Best affirms Argo as it faces up to another investor revolt
Bermuda-based specialty insurer and reinsurer Argo Group received a mild shot in the arm as it prepares for another feisty…
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April 14, 2022
Fitch revises outlook on Allianz’s China operation to negative
Fitch has revised its outlook on Allianz’s 50%-owned Chinese company to negative from stable because of pressure on its capitalisation…
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April 12, 2022
Ericsson sets aside €90m for suspension of Russian operations
Swedish telecoms giant Ericsson has announced an indefinite suspension of all of its activities in Russia and set aside SEK900m…
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April 12, 2022
Increasing climate litigation to focus attention on ESG
Climate change litigation is not new but cases are growing and the range of companies at risk has expanded considerably…
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April 12, 2022
US insurance regulators adopt TCFD reporting standards for climate risks
A bipartisan group of US state insurance regulators have adopted a new standard for insurers to report their climate-related risks,…