CRE Legal Regulation
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German climate group loses legal action against BMW
A Munich Court has dismissed a lawsuit against BMW brought by German climate campaigners Deutsche Umwelthilfe that alleged failure to…
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Brexit had minimal impact on capacity crunch: GDV
German risk managers have not suffered from a loss of capacity caused by an exodus of UK-based insurers because of…
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Insurance Europe urges focus on equalisation reserves in EC tax reform
Insurance Europe wants the EC to recognise equalisation provisions for tax purposes as it prepares to introduce BEFIT, a new…
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Moody’s downgrades SCOR after CEO replaced
Moody’s has downgraded the Insurance Financial Strength Rating (IFSR) of SCOR and its key operating entities to A1 from Aa3.…
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Shell sued by Niger Delta residents in UK for oil pollution and damage
Shell is being sued in the UK by communities from the Niger Delta for damages caused by oil spills. Leigh…
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DAC Beachcroft opens in Italy with new hires
Law firm DAC Beachcroft has opened two offices in Italy following the hire of three partners and five associates from…
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Bouquot says new captive regime is a ‘game changer’ for French economy
The new legal framework in France for captives will be a “game changer” for French companies and the wider economy,…
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French government wants captives deployed against cyber risks
The French government wants companies to use captives to transfer cyber and other risks that face a capacity shortage in…
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Ferma welcomes captive exclusion from shell entity rules
Ferma has welcomed the fact that regulated financial services are set to be exempt from coming EC rules designed to…
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Ferma worried about insurance gaps caused by Cyber Resilience Act
Ferma has told the EC it welcomes the Cyber Resilience Act (CRA) that was proposed in September and will impose…
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JD Sports faces substantial fine after disclosing cyberattack
JD Sports can expect a substantial regulatory fine for a cyberbreach that potentially exposed the data of 10 million customers,…
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AMRAE gathering marks positive start to 2023 for risk community
French risk and insurance management association AMRAE is gearing up for what will be one of its biggest and liveliest…
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Ferma lobbies EU council to prioritise cyber and sustainability risk transfer
Ferma has called on the Swedish presidency of the Council of the EU to focus on closing insurance protection gaps…
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Action groups step up greenwashing efforts as directive hits EU parliament
Members of the ENVI Committee in the European Parliament have rejected a crucial amendment on carbon offsetting in the draft…
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BIBA calls on FCA to lower record-high regulatory costs on UK brokers
UK broking association BIBA has called on the country’s financial regulator to lower the sector’s regulatory burden as it revealed…
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Swiss risk managers face up to new ESG reporting rules
Switzerland risk managers at firms regulated by the Swiss Financial Market Supervisory Authority (Finma) must get up to speed on…
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European business calls for ‘realism’ on due diligence proposal
A group of leading European business organisations including BusinessEurope, Ecoda and Insurance Europe have joined forces to tell the EU…
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Europe’s risk managers need to act as EU ramps up cyber resilience rules
Europe’s risk managers will need to become more involved in their organisations’ cyber security strategies as the EC steps up…
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Dutch risk managers warned to brace for more class actions in 2023
Risk managers in the Netherlands and their defence lawyers can expect more class actions brought against big firms in 2023…
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German firms warned to act on coming Cyber Resilience Act or risk ‘severe’ penalties
Germany-based IoT-Security provider ONEKEY has warned that the coming EU Cyber Resilience Regulation could lead to “millions” in fines for…