Legal & Regulation
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February 2, 2024
AM Best gives thumbs up to Hadron’s Folgate acquisition
AM Best has placed under review with positive implications the Financial Strength Rating of UK carrier Folgate Insurance, following the…
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January 29, 2024
Defining year for global Insurance Capital Standard, says IAIS
The International Association of Insurance Supervisors (IAIS) says 2024 will be a defining year for the global Insurance Capital Standard…
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January 26, 2024
Eiopa chief calls for greater cooperation on climate-related risk
Petra Hielkema, chairperson of the European Insurance and Occupational Pensions Authority (Eiopa), has told the World Federation of Exchanges (WFE),…
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January 22, 2024
QBE Covid BI interest charges a victory for policyholders
The news that QBE paid more than £386,000 to companies for delays in covering Covid-19 related business interruption (BI) losses…
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January 22, 2024
Insurance Europe joins urgent vehicle data plea to von der Leyen
A group of ten representatives of independent automotive service providers, including Insurance Europe, have called on EU president Ursula von…
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January 19, 2024
Corporate criminal liability rises in UK with new failure to prevent offences
Criminal liability for UK companies is rising with the introduction of ‘failure to prevent’ offences, which introduce unlimited fines and…
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January 19, 2024
Policyholders suffer key defeat in Allianz appeal victory
The UK Court of Appeal this week handed down judgment in Various Eateries Trading Ltd v Allianz Insurance Plc, in…
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January 17, 2024
GFIA report highlights uniqueness of insurance industry
Policymakers must consider the significant differences between the insurance industry and other financial industries when considering future regulations, according to…
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January 16, 2024
French financial supervisor to focus on climate and cyber risks in 2024
French insurers and wider financial institutions will find their approach to cyber and climate risk identification, prevention and management strategies…
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January 12, 2024
Renewables manufacturers risk denial of coverage for subcontractors’ errors, lawyers warn
Renewables manufacturers and contractors have been warned that their insurance coverage is at risk if they fail to ensure sub-contractors…
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January 11, 2024
Cyber war debate rumbles on as Merck settles with insurers
Merck’s settlement with its insurers early this year draws a line under NotPetya cyber insurance coverage disputes, but insurance buyers…
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January 8, 2024
Merck and insurers settle dispute over 2017 NotPetya cyberattack
Merck has reportedly settled a dispute with insurers over the 2017 NotPetya cyberattack and related $1.4bn claim that insurers said…
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January 5, 2024
EIOPA warns inflation could increase Solvency II capital
Europe’s insurers have been warned that inflation could drive an increase in their solvency capital requirements (SCR). The European Insurance…
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December 21, 2023
Exeter University loses appeal for unexploded Luftwaffe bomb
The UK Court of Appeal has handed down judgment in the case of The University of Exeter v Allianz Insurance…
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December 20, 2023
Ferma welcomes political agreement on Solvency II
Ferma has applauded the efforts of the Spanish Presidency of the Council of the EU, the European Council and the…
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December 20, 2023
Europe’s insurers welcome exemption from due diligence rules
Insurance Europe, the federation that represents the European insurance sector, has welcomed news that the European Parliament and member states…
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December 19, 2023
Trade unions welcome EU due diligence directive as victory for human rights
The European Trade Union Confederation (ETUC) has welcomed the political agreement announced in Brussels last week on the Corporate Sustainability…
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December 15, 2023
Europe reaches agreement on Solvency II reforms
Political agreement on Europe’s reform of the Solvency II directive has been welcomed by the insurance industry after several key…
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December 15, 2023
Agreement reached on Product Liability Directive update
A political agreement on a new EU law on liability for defective products has been reached between the European Council…
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December 12, 2023
Swiss supervisor focuses on risks of climate change and nature degradation
The Swiss Financial Market Supervisory Authority FINMA is taking various measures to implement the relevant recommendations of the Network for…