CRE Legal Regulation
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Deepwater fund launched amidst controversy
A $20 billion compensation fund for economic victims of the Deepwater Horizon oil spill was launched on Monday but immediately…
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Court ruling re-fuels contingents debate
U.S. and European insurance buyers will be pleased to hear that a U.S. federal appeals court has decided to restore…
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Captive owners ‘optimistic’ about latest Solvency II developments
It seems increasingly likely that Solvency II will not hit captives as hard as originally feared based on the latest…
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CEA questions EC proposals on insurance guarantee schemes
The European Commission this week announced a package of measures to enhance protection of insurance policyholders and beneficiaries but the…
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Supervisors still far from ready for Solvency II–CEIOPS
Work underway within national insurance supervisors to prepare for Solvency II, Europe’s planned new capital adequacy regime, is very much…
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Battle lines drawn for Solvency II as QIS5 published
CEIOPS has issued the technical specifications for QIS5, its final field test for Solvency II if all goes to plan,…
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CEA tells G-20 not to confuse insurers with banks
The Comité Européen Des Assurances has stepped up its ongoing campaign to pressure political leaders to understand the difference between…
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EU corporate governance reform announced
The European Commission said last week that it is considering an overhaul of corporate governance rules for financial institutions, according…
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Corporate round-up
The latest merger and acquisitions, new products and appointments from the European commercial insurance and service sector.
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Spanish market broke too early on ELD deadline
Over the past three years, Spanish companies have been busy preparing to meet the tough requirements of a new environmental…
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First Environmental Liability Directive cases from European Court of Justice
On 9 March, in its first rulings on the Environmental Liability Directive (ELD), the European Court of Justice (ECJ) concluded…
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Ready and willing
Malta has been hit by the international financial and economic crisis just as any other country has. But, Joe Bannister,…
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Spanish risk and insurance managers warned about rising red tape
Solvency II represents only the ‘tip of the iceberg’ in terms of challenges that insurers and their customers face in…
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IRM welcomes sharper focus on risk in revised U.K. Code
The Institute of Risk Management (IRM) has welcomed the sharper focus on the ‘proper management of risk’ included in the…
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HDI-Gerling U.K. unveils new structure for big clients
HDI-Gerling Industrial Insurance Company U.K. has announced the formation of two new business divisions together with the creation of a…
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As environmental liabilities grow regulators look set to get busy
As environmental regulations and liabilities continue to grow in the U.K., beefed up by the implementation of the Environmental Liability…
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Industrial Emissions Directive needs to be more flexible says Cefic
The European Chemical Industry Council (Cefic) supports the objective of the draft Industrial Emissions Directive (IED) but it believes that…
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Allied World launch new SME product as corporate world revolves
Allied World Assurance Company, the Bermuda-based insurance company, has announced that its European operation Allied World Europe has launched a…
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Standard terms given green light from the European Commission
E.C. guidelines on horizontal competition will allow standard policy conditions so long as they are transparent, open and non-binding.
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Run off from Solvency II?
Insurance buyers in Europe are worried that Solvency II will drive capacity out of their core industrial insurance lines. Derek…