Legal & Regulation
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Judge rules $10bn aircraft leasing dispute to be heard in London
A UK High Court judge has ruled that the $10bn battle between reinsurers and aircraft leasing companies seeking payouts for…
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A different look for data protection litigation
On 15 February 2024, the UK Competition Appeal Tribunal (CAT) published its latest judgment in the Dr Liza Lovdahl Gormsen…
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Former US insurance commissioner pleads guilty to health insurance fraud
Former Georgia Insurance Commissioner John W. Oxendine has pleaded guilty to conspiracy to commit health care fraud and agreed to…
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Stability returning to EMEA insurers’ credit ratings, says AM Best
Credit ratings at European insurers and reinsurers are more stable following strong premium rate increases and a comparatively benign year…
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German Cartel Office gives green light to Gothaer-Barmenia merger
The German Federal Cartel Office has approved the planned merger between Cologne-based Gothaer and Barmenia from Wuppertal to create one…
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German insurers question ‘high risk’ insurance under AI Act
The German insurance association (GDV) has reiterated its criticism of the decision to include life and health insurance within the…
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Nord Stream sues pipeline insurers for $403m over 2022 explosion
The operator of the Nord Stream gas pipeline is suing its insurers for more than €403m in the UK’s High…
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AI regulation to shake up liability insurance
Developments in artificial intelligence (AI) and related regulation will require an overhaul of liability insurance policies and the creation of…
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UK seeks 15-year director ban against Lex Greensill
Lex Greensill, the Australian founder of failed supply chain finance firm Greensill Capital, has been served disqualification proceedings seeking to…
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Compulsory cat cover back on agenda for German state ministers
The German Conference of Federal State Prime Ministers, the committee formed by the 16 German states to coordinate policy, has…
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German insurers demand new traffic rules if cannabis legalised
German insurers are calling on the federal government to create clear rules for road traffic as quickly as possible if…
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Google’s $350m settlement raises questions over D&O and cyber cover
The recent $350m preliminary settlement of two securities class actions in the US from a cyber incident involving the now…
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IAIS publishes updated register of Internationally Active Insurance Groups
The International Association of Insurance Supervisors (IAIS) has published its updated register of Internationally Active Insurance Groups (IAIGs) as disclosed…
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Sompo International gets insurance licence in France
Sompo International has been granted a licence to write primary insurance in France as it continues to expand across continental…
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Covid BI litigation slowly favouring policyholders but key questions remain
Policyholders continue to make progress in their fight to recover Covid-19 business interruption losses from insurers, although the settlement of…
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UK brokers call for zero tax on cyber premiums
The British Insurance Brokers’ Association (BIBA) has called for cyber insurance to be exempt from Insurance Premium Tax (IPT) ahead…
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Zurich sets out counterclaim in Greensill Bank litigation
Zurich Insurance told a London court that it denied trade credit insurance payments to Greensill Bank, the German banking subsidiary…
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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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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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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),…