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Treasury consults on better administration regime for insurers in difficulties

Dentons
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United Kingdom
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April 1 2010

Treasury is consulting on how to improve protection and payment of benefits for policyholders of insurers who get into financial difficulty

Treasury publishes investment firm administration responses

Dentons
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United Kingdom
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January 14 2011

Treasury has published the 12 responses it received to its consultation on a special administration regime for investment firms resolution and draft legislation that takes into account its views on the responses

A guide to surviving the Kemper liquidation

Dentons
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USA
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February 4 2010

In response to an imminent Order of Liquidation against the Kemper Insurance Companies, we have prepared the following "frequently asked questions" guide summarizing issues related to: (i) the financial regulation of insurance companies; (ii) the liquidation and proof of claim process in Illinois; (iii) potential recovery by policyholders of the amount of "covered" workers' compensation claims from state guaranty associations; (iv) policyholder collateral; and (v) planning a response to the Kemper liquidation

FSA consults on guidance on liquidity swaps

Dentons
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United Kingdom
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July 29 2011

FSA has published a guidance consultation on the prudential treatment of liquidity swaps

CBI responds to publication of the CRD4

Dentons
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United Kingdom
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July 29 2011

The CBI has responded to CRD4 publication saying it believes the Basel III reforms are "an important piece of the jigsaw to strengthen the global banking system", but that benefits from greater financial stability must be proportionate to the cost businesses will bear

FSB publishes resolution regime standards

Dentons
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Global
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November 11 2011

FSB has set out its standards for “key attributes” of effective resolution regimes

LandAmerica Financial Group seeks bankruptcy protection

Dentons
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USA
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November 26 2008

Late the night of Nov. 25, LandAmerica Financial Group, Inc. and its subsidiary, LandAmerica 1031 Exchange Services, Inc., filed a Chapter 11 petition in the U.S. Bankruptcy Court for the Eastern District of Virginia ("Bankruptcy Court"), seeking bankruptcy protection for both entities