Legal & Regulation
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Eiopa ready to back renewed call for PPPs for systemic risks
European risk managers can rely on the insurance supervisory community to continue to back the renewed campaign for public-private partnerships…
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Australian businesses lose BI Covid-19 test case
Australian businesses have lost a test case challenging insurers that denied payments for Covid-19 losses under their business interruption (BI)…
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Brokers raise concerns over Marsh’s role in UK’s live events reinsurance scheme: FT
The Financial Times newspaper has reported that the new UK government-backed reinsurance scheme for live events will be run by Marsh…
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Santam must cover 18 months of Covid-19 BI claims
South Africa’s Supreme Court of Appeal has ruled that the country’s biggest short-term insurer Santam is liable to cover the…
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Ireland joins OECD international tax agreement
Bowing to international pressure, Ireland is joining the international agreement to reform tax rules. It means that a minimum effective…
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Ferma seeks to re-engage with EC on PPPs at Ferma Talks
Ferma aims to use its coming virtual event on 11-12 October to put proposals for public-private partnerships (PPPs) for catastrophe…
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ABI chief says insurers must work harder to boost reputation and trust
The insurance market has work to do to improve its reputation and build trust among customers, ensure cover responds as…
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Insurance Europe calls for UK extension to EU access regime
The UK’s temporary register that allows European re/insurers to continue to access the UK market, which replaced passporting rights when…
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Judge says Metallica’s Covid-19 lawsuit against Lloyd’s can proceed
A Los Angeles state court has refused to dismiss pandemic-related event cancellation litigation filed by heavy-metal band Metallica, despite a…
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UK probes Gallagher bid for Willis reinsurance business
The UK competition regulator has opened an investigation into Arthur J Gallagher’s proposed acquisition of Willis’s treaty reinsurance business. The…
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AM Best gives Zurich positive outlook on back of improved P&C profits
Ratings agency AM Best has revised its outlook for Zurich Insurance Group to positive from stable, after improved profits driven…
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Pollution calls for rapid intervention, says Anra webinar
When a pollution incident occurs in an industrial facility, the first thought is the potential danger to people and the…
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Building awareness of environmental risks in infrastructure projects
As governments around the world look to steer their economies towards recovery from the worst recession in living memory, infrastructure…
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Risk managers must continue to consider potential pollution exposures
The detrimental effect of air pollution is a significant emerging risk, which was brought to public attention in the UK…
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Aon sues former employees who joined rival
Aon has filed a poaching lawsuit against former transportation insurance executives who joined McGriff, the retail brokerage unit of Truist…
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AM Best says Solvency II changes ‘more generous’ to insurers than most expected
AM Best has said the EC’s proposed Solvency II rule changes offer a bigger reduction in insurance capital requirements than…
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FCA to focus on home working, diversity and inclusion
The UK’s Financial Conduct Authority (FCA) has said it is keeping a watch on how firms manage diversity and inclusion…
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Lower capital charges under Solvency II reforms will boost insurers’ ESG investment, says Fitch
The EC’s proposals to lower Solvency II capital requirements for certain long-term investments, in particular renewable energy projects and sustainable…
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EC aims to release insurance capital as it announces Solvency II reform
The EC has proposed changes to Solvency II that it claims will better protect insurance buyers while freeing up €90bn…
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US federal judge refuses to dismiss restaurant chain’s BI Covid-19 suit
A federal US judge who had already ruled in favour of plaintiffs in at least two Covid-19 business interruption lawsuits…