Legal & Regulation
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Greater Bay Area ‘insurance connect’ scheme planned by HK and Chinese authorities
Hong Kong and mainland Chinese authorities are reported to be working on plans for the introduction of an ‘insurance connect’…
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UK government backs £500m film and TV Covid-19 insurance scheme
The UK government has backed a £500m insurance scheme for the country’s film and TV productions, which have found it…
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New deputy commissioners appointed for Naicom
Nigerian President Muhammadu Buhari has approved the appointments of Alhaji Sabiu Bello Abubakar and Oba Olufemi Oluniyi as deputy commissioners…
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UK court issues warning on human rights violations in Sierra Leone
Risk managers are advised to take a cautious approach as the UK Court of Appeal decision in the African Minerals…
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China announces major insurance supervisory overhaul
The China Banking and Insurance Regulatory Commission (CBIRC) has launched a major overhaul of its insurance supervisory system to grant…
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GFIA calls for more proportionality in FSB’s cyber report
The Global Federation of Insurance Associations (GFIA) has responded to a consultation by the Financial Stability Board (FSB) on its…
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FCA High Court case to resolve disputed Covid-19 claims begins
A keenly awaited court case, aimed at resolving disputed Covid-19 business interruption (BI) claims, has got underway in the UK’s…
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Ferma uses consultation to press EU to create pan-European transfer solution for systemic risks
Ferma has told the EU in a public consultation that it should help create a pan-European risk transfer solution for…
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Covid-19 BI disputes to shake up broker and insurance buyer roles: Mactavish
The role of insurance managers and brokers is likely to come under intense scrutiny after Covid-19-related insurance disputes have exposed…
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AMRAE welcomes proposals for French state-backed pandemic insurance scheme
Risk and insurance management association AMRAE has welcomed the announcement by French finance minister Bruno Le Maire that a state-backed…
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UK Swiss insurance trade proposal could be model for future agreement: LMG
The London Market Group (LMG) has proposed a free-trade framework for Swiss insurers that could serve as a template for…
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Lloyd’s to exit US admitted market to focus on US surplus lines
Lloyd’s has relinquished its admitted licences in the US Virgin Islands, Kentucky and Illinois in order to focus on US…
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Chubb appoints global government and industry affairs general counsel
John Fielding has been appointed as senior vice-president, general counsel, global government and industry affairs at Chubb in the US.…
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Hiscox accuses FCA of ‘extreme’ support for policyholders
Hiscox has delivered a withering attack on the UK Financial Conduct Authority’s (FCA) arguments in favour of business interruption (BI)…
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UK insurance sector welcomes DEFRA plans on flood defences
The UK insurance industry has welcomed plans revealed this week of a new long-term plan to tackle flood risk and…
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Bayer settlement is not the end of glyphosate litigation
In a bold move that is hoped to bring some finality to mounting claim numbers, Bayer recently announced it will…
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Second wave of Covid-19 will erode insurers’ capital, warns S&P
New outbreaks of Covid-19 would eat into insurers’ capital, which until now has been strong enough to withstand asset damage…
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Chubb proposes government/industry pandemic BI insurance
Chubb has proposed a model to cover future pandemic risks for businesses in the US, with the insurance industry and…
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Insurance Europe calls for changes to EC’s Solvency II sustainability proposals
Insurance Europe has called for the European Commission to remove the definition of environmental, social and governance (ESG) preferences of…
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IAIS publishes register of Internationally Active Insurance Groups
The International Association of Insurance Supervisors (IAIS) has published a register of Internationally Active Insurance Groups (IAIGs) based on the…