CRE Legal Regulation
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Enel confirms first onshore captive in Italy
Enel, the Italian manufacturer and distributor of gas and electricity, has confirmed that it is the first Italian corporation to…
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EC probes car battery cartel
Five vehicle battery manufacturers have been accused of breaching the EU’s antitrust rules by forming a cartel. The European Commission…
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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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Airmic welcomes consultation on new UK captive regime
UK risk and insurance management association Airmic has welcomed its government’s plans to create a new onshore captive-friendly regime, and…
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Firms urged to embrace innovation to turn EU’s ESG rules into competitive advantage
European companies can turn the raft of EU ESG regulations into a competitive advantage rather than a disadvantage by focusing…
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Climate and net-zero disclosure falling short, finds EY
Disclosures about climate risk and how corporates will meet net-zero targets are “falling short”, says EY in its latest Global…
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UK and US agencies release joint AI cybersecurity guidelines
The UK’s National Cyber Security Center (NSCS) and the US Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA)…
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EU and Canada sign disaster risk management partnership deal
The European Commission and Canada have agreed to enhance ties in civil protection and disaster risk management. During the recent…
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Stonegate settles Covid-BI case with insurers
UK-based hospitality group Stonegate has settled its disputed Covid-19-related business interruption (BI) claim with insurers ahead of its appeal, which…
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UK court rules human rights grounds for Niger Delta claims against Shell
Nigerian communities affected by polluted waters and land can proceed with human rights claims against oil and gas firm Shell…
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Dutch firm Rabobank fined €26.6m by EC for euro bond cartel
Dutch bank Rabobank has been fined €26.6m by the EC for participating in a cartel that fixed trading of euro-denominated…
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Auditors urge companies to do more to tackle ESG supply chain risk
Businesses should do more to tackle climate hazards running through supply chains, says the Chartered Institute of Internal Auditors (CIIA).…
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Sustainability Directive big opportunity for risk managers but will require more resource, says rapporteur
The Corporate Sustainability Due Diligence Directive (CSDDD) will enable risk managers to get the attention of boards but will cost…
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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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Uncapped government backstop needed for ‘uninsurable’ cyber and climate risk: Geneva Association
Systemic and emerging risk is reaching the limits of insurability, in particular for climate and cyber threats, says a new…
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Interconnected regulations will raise product recall compliance risk across Europe, warns Sedgwick
Sedgwick warns that new interconnected European regulations coming down the track will complicate product recall risk and compliance. The company’s…
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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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European product recalls hit record high in Q3: Sedgwick
Product recalls across five key sectors in Europe hit their highest level in more than ten years during the third…
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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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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…