Legal & Regulation
-
FERMA gives mixed reception to partial block exemption regulation
The Federation of European Risk Management Associations (FERMA) has welcomed the adoption of the new European Union insurance block exemption…
-
Commission and Parliament give assurance to buyers on Solvency II
Senior representatives of the European Parliament and Commission last week reassured insurance buyers that their concerns about Solvency II are…
-
U.K. insurance buyers face disappointment over contract law reform
The U.K. Law Commission is unlikely to recommend the extension of the recent reform of insurance contract law that significantly…
-
Irish regulator promises fair and proportional approach for captives
Matthew Elderfield, Head of Financial Regulation at the Irish Financial Regulator, (FR) has promised captive owners that they will receive…
-
Buyers and insurers unite against ‘extreme conservatism’ of CEIOPS Solvency II plans
[LONDON]—Pressure is fast building on the European Commission from insurance company and buyer representative groups to water down the advice…
-
ECJ confirms onus on polluter to prove not liable in first ELD ruling
Italian petrochemical case clarifies polluters’ responsibility as EC mandatory insurance system unlikely for now.
-
Solvency II will kill soft market and slam captives warn carriers
Swiss insurance buyers agree with colleagues around Europe that pricing conditions for their core lines will remain stable for the…
-
AIRMIC warns Commission Solvency II ‘out of all proportion’
AIRMIC, the U.K. insurance and risk managers association, has added its weight to the growing opposition to Solvency II, Europe’s…
-
Non-life rates could rise by up to 20% because of tougher Solvency rules says CEA
Pressure on the architects of Solvency II, Europe’s planned new capital adequacy regime for the insurance sector, to relax recently…
-
Russian insurance buyers may benefit from tougher licensing rules
The Russian parliament has proposed tighter licensing and merger regulations for the country's insurance industry, according to news agency Reuters.
-
Insurers and buyers fear rash E.C. decision on mandatory environmental coverage
A European Commission report on the efficiency of the Environmental Liability Directives (ELD) is due next month and could recommend…
-
A Full Plate – Guy Soussan
Guy Soussan, Partner with Brussels law firm Steptoe & Johnson LLP, is legal adviser to FERMA and has plenty of…
-
Buyers, insurers and brokers still grappling with ELD’s complexities
The Environmental Liability Directive (ELD) finally reached implementation in all 27 E.U. member states at the end of 2009, two…
-
Captive groups seek talks with ministers and EC on Solvency II
[BRUSSELS]—Leading representatives of Europe’s captive community hope to sit down with national finance ministers of the European Union Member States…
-
Brussels opens ‘discussion’ on broker pay with CEIOPS
The pressure on European risk managers and their brokers to find an industry agreement on broker pay to remove potential…
-
Time to get real in Brussels – Comment
The European Commission is driving the news agenda in the European corporate insurance buyer’s world this week as the debate…
-
Captive groups makes last ditch plea to finance ministers on Solvency II
Leading representatives of Europe’s captive community have written a joint letter to the national finance ministers of the European Union…
-
U.S. risk managers face new disclosure rules from SEC by month end
The majority of public U.S. companies will have to comply with new disclosure requirements on risk management as of February…
-
Tougher Solvency II rules threaten captives cull
Up to 40% of captives may be forced to close as a result of increasingly punitive capital charges imposed by…
-
The final frame – Karel Van Hulle
The Solvency II project enjoyed a good start when the European Commission adopted the proposals in July 2007 because none…