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Results: 1-10 of 285

Wasa v Lexington

  • Mayer Brown LLP
  • -
  • United Kingdom
  • -
  • August 27 2009

It may have been thought safe to assume that cover under a facultative contract of reinsurance, incorporating the terms of the underlying insurance contract, and cover under the insurance contract, will be back to back, even if the laws by which they are governed differ

Analysis of Obama administration proposals for an Office of National Insurance

  • Mayer Brown LLP
  • -
  • USA
  • -
  • August 27 2009

Our May bulletin included an analysis of the National Insurance Consumer Protection Act (H.R. 1880) (“NICPA”), which was introduced in the U.S. House of Representatives by Representatives Melissa Bean (D-Ill.) and Ed Royce (R-CA) in April

Administration fees in respect of insurance contracts

  • Mayer Brown LLP
  • -
  • United Kingdom
  • -
  • August 27 2009

The High Court has ruled in the recent case of Homeserve Membership Limited v HM Revenue & Customs that insurance premium tax ("IPT") was not payable on an "arrangement and administration" fee which was separately identified to the customer and which was paid under a separate contract with an insurance intermediary

The FSA focus on City bonuses

  • Mayer Brown LLP
  • -
  • United Kingdom
  • -
  • August 27 2009

The FSA has increased its focus on remuneration practices within regulated firms as part of the fallout from the credit crunch

HM Treasury’s “Vision for the insurance industry in 2020”

  • Mayer Brown LLP
  • -
  • United Kingdom
  • -
  • August 27 2009

On 27 July 2009, the Insurance Industry Working Group ("IIWG") published a well publicised report providing its views and recommendations on how to enhance the UK insurance industry in light of the medium to long-term challenges and opportunities facing the insurance sector

2013 action plan for colleges of supervisors

  • Mayer Brown LLP
  • -
  • European Union
  • -
  • February 8 2013

On 29 January 2013, EIOPA published its 2013 action plan for colleges of supervisors (the "Action Plan"). The main objective of the Action Plan is

Draft JURI opinion on IMD2

  • Mayer Brown LLP
  • -
  • European Union
  • -
  • February 8 2013

On 21 January 2013, JURI published its draft opinion (dated 18 January 2013) on IMD2. In the draft opinion, JURI calls on ECON to incorporate a

When reinsurance may not be "back to back" - Wasa v Lexington

  • Mayer Brown LLP
  • -
  • USA
  • -
  • October 19 2009

Lexington issued an "All Risks Difference in Conditions" Property Damage Insurance Policy (the "Policy") to the Aluminium Company of America ("ALCOA") for the period 1 July 1977 to 1 July 1980

Italy signs up to multinational memorandum of understanding

  • Mayer Brown LLP
  • -
  • Italy
  • -
  • December 31 2012

The insurance supervisor of Italy has recently become a signatory to the International Association of Insurance Supervisors multinational memorandum of

CAFA showdown in the Supreme Court: today’s oral argument in Standard Fire Insurance Co. v. Knowles

  • Mayer Brown LLP
  • -
  • USA
  • -
  • January 8 2013

This morning I attended the oral argument before the Supreme Court in Standard Fire Insurance Co. v. Knowles, the first major case in which the Court will

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