CRE Legal Regulation
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December 1, 2023
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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December 1, 2023
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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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 29, 2023
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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November 29, 2023
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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November 29, 2023
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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November 29, 2023
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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November 28, 2023
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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November 27, 2023
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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November 27, 2023
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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November 27, 2023
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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November 24, 2023
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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November 24, 2023
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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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
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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November 23, 2023
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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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
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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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…