CRE Legal Regulation
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EC proposes new liability rules for digital age and global value chains
The EC has adopted two proposals to adapt liability rules to the digital age, circular economy and impact of global…
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Brussels-based nuclear mutual assigned stable outlook amid energy crisis
AM Best has affirmed the European Mutual Association for Nuclear Insurance’s (Emani) financial strength rating of A (Excellent) and its…
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Swiss captives set for lighter regulation under revised insurance law
The principle of proportionality will be enshrined in the upcoming new Swiss insurance law, thus ensuring that captives are not…
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BoE will not enter regulatory ‘race to the bottom’ to win business
The Bank of England (BoE) has said it will not engage in a “regulatory race to the bottom” to attract…
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TikTok faces potential £27m fine for child data breaches
Social media platform TikTok has been warned that it faces a regulatory fine of £27m in the UK for failing…
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EU member states rapped for failing to implement transparent and predictable working conditions
A total of 19 member states have failed to transpose the EU Directive on Transparent and Predictable Working Conditions, and…
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Greenpeace sues EU over gas and nuclear ‘greenwashing’
Greenpeace is taking legal action against the European Union (EU) for alleged greenwashing after the bloc included fossil gas and…
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French insurers bow to political pressure to contain market hardening
France Assureurs, the French insurance association, has announced that during a meeting with government this week, insurers pledged to do…
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Females lead just 12% of Europe’s banks in DBRS Morningstar gender diversity analysis
Only five of 43 European banks were led by a female CEO in 2021, according to DBRS Morningstar, and although…
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EU drafts emergency powers to ease future supply chain crises
European legislators have drafted new rules that would force companies to concentrate their resources in Europe during times of supply…
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Inflation and negative discount rate to drive UK casualty rates
UK casualty and commercial motor rates are likely to harden as claims costs rise at a frightening rate, according to…
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EC moves to ban all forced labour products from EU market
The European Commission (EC) has proposed new rules to ban all products made by forced labour from the European market.…
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Europe’s risk managers face new liability risk as rules on deforestation in supply chain move forward
Europe’s risk managers are faced with another proposal at EU level that further raises the exposure of multinationals to liability…
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Google sued by EEA and UK publishers for €25bn after anti-competitive advertising
European and UK publishers have mounted fresh legal action against Google, seeking damages, reportedly up to €25bn, for anti-competitive practices…
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Insurance Europe calls for supervision of third-party litigators under collective redress directive
The European parliament plenary session has adopted German MEP Axel Voss’s own initiative legislative report that aims to ensure responsible…
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European insurance supervisors warned of challenges ahead
The three European financial Supervisory authorities (ESAs) have issued their Autumn 2022 joint risk report, which warns that the deteriorating…
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Slovak supervisor slammed by EC over Solvency II application
The Slovakian insurance supervisor Národná Banka Slovenska (NBS) has been severely rapped on the knuckles by the EC for failing…
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Amrae welcomes bill that approves ransomware payments by French insurers
Amrae has welcomed a forthcoming bill to explicitly legalise ransomware payments by insurers in France as long as insureds have…
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EU to bring in cybersecurity rules for smart-device manufacturers
New EU rules due to be published tomorrow will require smart devices connected to the internet to comply with cybersecurity…
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German business unhappy with latest relief package to combat inflation and energy crisis
The Federation of German Industries (BDI) has warned that there are “serious deficiencies” in the latest package of measures announced…
