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Hong Kong: Contracts (Rights of Third Parties) Bill
- Mayer Brown LLP
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- Hong Kong
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- June 4 2013
The Hong Kong government commenced a public consultation on a Contracts (Rights of Third Parties) Bill ("Bill"). The Bill seeks to reform the common
UK: Solvency II update
- Mayer Brown LLP
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- European Union, United Kingdom
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- June 4 2013
As reported in last month's insurance bulletin, the Chief Executive of the Prudential Regulation Authority (PRA), Andrew Bailey voiced his concerns
UK: insurance ‘add-ons’ come into the line of fire
- Mayer Brown LLP
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- United Kingdom
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- June 4 2013
The Financial Conduct Authority ("FCA") has recently upped its scrutiny of insurance add-ons. There has been heightened speculation in the market
US: New York amends insurance holding company regulation
- Mayer Brown LLP
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- USA
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- June 4 2013
On June 23, 2013, the Third Amendment to New York Insurance Regulation 52 (11 NYCRR 80-1), the New York regulation on insurance holding companies
UK: government announces strategy to promote the UK insurance
- Mayer Brown LLP
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- United Kingdom
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- June 4 2013
Greg Clark, Financial Secretary to the Treasury, recently spoke at an insurance conference where he expressed his respect for the UK insurance
China: tighter rules on insurance licensing and life insurance telesales
- Mayer Brown LLP
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- China
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- June 4 2013
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Brazil: establishment of the Brazilian fund and guarantee
- Mayer Brown LLP
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- Brazil
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- June 4 2013
On April 29, 2013, Brazil's National Council for Private Insurance ("CNSP") issued Resolution No. 286, which sets forth complementary rules for the
Update on insurance industry
- Mayer Brown LLP
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- Myanmar
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- May 9 2013
Twelve (12) private insurers ("Private Insurers") won licences and have been given conditional approach from the state-owned insurer Myanma Insurance
Brazil: SUSEP streamlines procedures for the incorporation of local
- Mayer Brown LLP
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- Brazil
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- June 4 2013
The National Superintendence of Private Insurance ("SUSEP") intends to make the procedures for the incorporation of insurance companies, local
Amendments to the Insurance Act
- Mayer Brown LLP
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- Singapore
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- May 9 2013
Singapore passed the Insurance (Amendment) Act on 15 March 2013 to amend the Insurance Act (Chapter 142 of the 2002 Revised Edition) ("Amended Act"
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