Legal & Regulation
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Insurer wins two more Covid-19 BI rulings in US
Two US federal appeals courts have again ruled that policyholders are not entitled to Covid-19-related business interruption (BI) coverage. As…
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Ferma pushes for further progress on captives in Solvency II review
Ferma has welcomed proposed changes to Solvency II that would strengthen the concept of proportionality, and in particular the creation…
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Insurer challenges in 2022 include civil unrest and class actions, says RPC
The latest Annual Insurance Review from law firm RPC highlights a number of issues set to impact insurers in 2022,…
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Insurers call for no major changes to EU product liability rules
European insurers have warned that major changes to EU product liability rules could undermine insurers’ ability to cover certain risks.…
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Insured loses another Covid-19 BI ruling in US
The 5th US Circuit Court of Appeals in New Orleans issued its second ruling of the week on Thursday in…
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Insured loses another Covid BI ruling in US appeals court
The 2nd US Circuit Court of Appeals in New York has become the latest federal appeals court to hold that…
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Another appeals court rejects Covid BI coverage
The 10th US Circuit Court of Appeals in Denver joined five other federal appeals courts on Tuesday in holding that…
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European insurers stand up to Eiopa’s Covid-19 and low interest rate stress test
European insurers could withstand a prolonged Covid-19 pandemic and lower interest rates over the long term, concludes an Eiopa stress…
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European insurers ‘vulnerable’ to cyber and climate risk, warns Eiopa
Climate and cyber risk are “top” of the European Insurance and Occupational Pensions Authority’s (Eiopa) agenda, with later identified as…
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Woolworth sues German state over Covid restrictions
Retailer Woolworth has filed a complaint in a German regional court over recently imposed Covid restrictions, arguing that the measures…
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New EC plan promises to address Solvency II proportionality for mutuals
The Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE) has welcomed the EC’s new social economy action plan,…
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Fitch improves outlook for QBE group to stable
Fitch Ratings has revised the outlook on all ratings for Australian insurance giant QBE and its subsidiaries to stable from…
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Italy’s Supreme Court rules coffee breaks away from office not covered by corporate insurance
The Supreme Court of Italy (Cassazione) has ruled that workers who suffer an accident when temporarily stepping out of the…
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EU plans pan-European export credit facility
The EU has revealed that it is looking into the creation of a pan-European export credit insurance facility to supplement…
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Dutch insurers welcome clarity from EC on sustainable investment
The Dutch Insurance Association (Verbond van Verzekeraars) has welcomed the latest moves by the European Commission (EC) to significantly update…
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Leading Latin America reinsurance specialist joins HFW as consultant
Margo Black has joined law firm HFW’s Latin America insurance and reinsurance practice as a consultant. Black is one of…
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Outlook improves for London market, UK deteriorating, says Fitch
The outlook for the London insurance market sector is improving on the back of rate rises, according to Fitch Ratings,…
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Convex Europe’s UK branch receives regulatory approval to write EEA risks from London
Specialty (re)insurer Convex Group has been given the regulatory green light for a UK branch of Convex Europe SA (CES),…
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Convex subsidiaries get US reciprocal jurisdiction reinsurer status
Two subsidiaries of specialty insurer and reinsurer Convex Group, Convex Insurance UK Limited (CIL) and Convex Reinsurance Limited (CRL), have…
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UK SMEs trust in insurers grows after Covid-19 BI legal case
Some 21.6% of UK SMEs believe the Financial Conduct Authority (FCA)-led court case and ruling on Covid-19 business interruption (BI)…