Legal & Regulation
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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…
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December 12, 2023
Swiss government to upgrade financial sector’s climate ratings to bolster credibility
The Swiss Federal Council has announced that its financial centre should further enhance its credibility and international competitiveness in the…
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December 9, 2023
New bill threatens capacity for corporate risks in Brazil
A bill that creates an Insurance Code in Brazil has spooked corporate insurance buyers, who fear that it may reverse…
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December 5, 2023
Insurer sues Aon over alleged Vesttoo fraud
Clear Blue Insurance and its affiliates have sued Aon, alleging the brokerage exposed the insurer to hundreds of millions in…
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December 4, 2023
Insurance Europe ‘disappointed’ by EC progress on cutting reporting burden
Insurance Europe has criticised the European Commission for falling short on commitments to reduce the reporting burden on European companies…
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December 1, 2023
CFC top officers to step down following Lloyd’s investigation
CFC Underwriting said two of its top officers will be stepping down and has named a new CEO, following the…
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November 30, 2023
Companies must ensure CISOs are covered under D&O policies, experts say
Chief information security officers (CISOs) are likely to become targets for regulators and plaintiff attorneys in the US as part…
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November 23, 2023
UK to follow French lead as government consults on new captive regime
The UK risk and insurance management community received good news from its government this week, which announced plans to deliver…
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November 23, 2023
UK insurers uncertain over Solvency II reform timeline
The UK government said this week it will introduce secondary legislation to make changes to Solvency II measures for UK…
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November 22, 2023
Brokers Tysers and H.W. Wood fined for Ecuador bribery by US DOJ
The US Department of Justice (DOJ) has fined UK-based reinsurance brokers Tysers and H.W. Wood for paying bribes to Ecuadorian…
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November 17, 2023
Transition plans and ESG transparency vital for cover as insurers grapple with EU rules
Insurers will only be able to fully support European clients that comply with a raft of new EU ESG rules…
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November 17, 2023
Ivass ramping up pressure on Italian insurers’ ESG credentials
The Italian insurance supervisor Ivass will more closely monitor the sustainability related investment and underwriting activities of insurers after its…
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November 14, 2023
Aeroflot and BOC Aviation agree insurance deal over stranded aircraft
Russian airline Aeroflot has reportedly agreed a settlement with Singapore-based leasing company BOC Aviation that will see nine aircraft handed…
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November 8, 2023
Swiss insurers request self-regulation on greenwashing
The Swiss Insurance Association (SIA) has told the Federal Department of Finance (FDF) that its planned principles-based greenwashing regulation is not necessary…
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November 8, 2023
Insurance Europe criticises EC’s proposals for financial data access
The European Commission’s proposed legislative changes for managing data in the financial services sector should exclude commercial customers and only…