CRE Legal Regulation
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Lower capital charges under Solvency II reforms will boost insurers’ ESG investment, says Fitch
The EC’s proposals to lower Solvency II capital requirements for certain long-term investments, in particular renewable energy projects and sustainable…
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EC aims to release insurance capital as it announces Solvency II reform
The EC has proposed changes to Solvency II that it claims will better protect insurance buyers while freeing up €90bn…
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US federal judge refuses to dismiss restaurant chain’s BI Covid-19 suit
A federal US judge who had already ruled in favour of plaintiffs in at least two Covid-19 business interruption lawsuits…
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EU targets energy and agriculture to cut methane emissions in new pledge with US
European risk managers at companies within sectors that emit significant levels of methane, from oil and gas to agriculture, face…
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WTW sues Marsh over poaching 25 employees
Willis Towers Watson (WTW) has filed suit against Marsh in state court in Chicago over the poaching of 25 employees.…
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Hiscox doesn’t have to cover legal fees in dismissed US whistleblower case
A company that faced significant legal fees stemming from a whistleblower lawsuit that was ultimately dismissed does not have coverage…
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Convex gets green light for Luxembourg subsidiary to serve EEA clients
Specialty (re)insurer Convex Group has established a new European subsidiary following regulatory approval for Luxembourg-based business Convex Europe SA (CES).…
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Policyholder firm Fenchurch Law appoints new associate as disputes rise
Fenchurch Law, which works exclusively for policyholders and brokers, has appointed Anthony McGeough as associate from Edwin Coe, in response…
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Aon granted partial injunction in US trade secrets suit
A federal district court in Chicago has agreed to grant Aon a partial injunction in litigation it filed last year…
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Systemic event-driven protectionism set to make life more tricky for multinational insurance buyers
Protectionism is set to rise yet further on the back of the pandemic and other systemic events, making insurance regulations…
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French Supreme Court reinstates human rights charges against Lafarge for ISIS crimes
France’s Supreme Court has ordered construction firm Lafarge to face charges of complicity in crimes against humanity by Islamic State,…
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German firms face criminal action for alleged human rights abuse in China
The Berlin-based European Center for Constitutional and Human Rights (ECCHR) has filed a criminal complaint in Germany against several high-profile…
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RiskBusiness launches compliance checker ahead of new EU-US data law
Compliance solutions firm RiskBusiness has launched a new GDPR Equivalency Checker, which specifically targets European companies caught by changes to…
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Judge rules hotel chain’s Louisiana Covid-19 BI claims can proceed against Zurich
A Connecticut, US state judge has refused to dismiss Covid-19 business interruption (BI) litigation filed against Zurich Insurance by a…
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EU financial supervisors call for fast action on cyber resilience framework
European supervisors have warned financial services firms and their national regulators that rising cyber risk demands a “swift” EU-wide common…
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Exclusive: German multinationals still face double insurance tax says Finance Ministry clarification
German multinationals with insured risks outside of the European Economic Area (EEA) will still face double taxation in non-EEA territories…
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GVNW’s Mahnke renews call for state-backed solutions for systemic risks
Alexander Mahnke, chairman of the German risk and insurance managers’ association GVNW, has renewed calls for a public-private partnership (PPP)…
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Judge rules Boeing’s directors must face shareholder action for Max plane crashes
A US judge has ruled that shareholders can pursue Boeing’s directors following two fatal crashes involving its 737 Max plane,…
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Allianz reportedly faces BaFin probe into Alpha Funds debacle
News agency Reuters reports that German financial regulator BaFin has launched an investigation into Allianz over the collapse of its US-based…
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US court rules against Hartford unit in cyberscam case
A federal US appeals court has reversed a lower court and ruled a Hartford Financial Services Insurance unit must indemnify…