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Central Bank of Ireland updates regulatory requirements for reinsurance undertakings

  • Matheson
  • -
  • Ireland
  • -
  • September 20 2012

The Central Bank has recently published updated regulatory requirements for life reinsurance undertakings, non-life reinsurance undertakings and composite reinsurance undertakings

Jurisdiction clauses in insurance policies High Court decision in Lartigue Enterprises Ltd v Three Lions Underwriting Ltd

  • Matheson
  • -
  • European Union, Ireland
  • -
  • September 20 2012

The insurers asked the Court to decline jurisdiction to hear the case in favour of an English court in circumstances where the slip stated that coverage disputes would be governed by the law of England and Wales and conferred jurisdiction on the English courts

Central Bank of Ireland publishes Fitness and Probity Service Standards

  • Matheson
  • -
  • Ireland
  • -
  • September 20 2012

On 29 June 2012, the Central Bank published new Fitness and Probity Service Standards (the “Standards”) outlining the Central Bank’s target turnaround times for processing individual questionnaires (“IQ”

Central Bank of Ireland publishes Issue 3 of the Intermediary Times

  • Matheson
  • -
  • Ireland
  • -
  • September 20 2012

The Central Bank has recently published its third issue of the Intermediary Times, a newsletter for brokers and retail intermediaries

Central Bank report on the implementation of the Revised Customer Protection Code 2012

  • Matheson
  • -
  • Ireland
  • -
  • September 20 2012

The Central Bank recently published a report on the implementation of the Revised Customer Protection Code 2012 (the “Revised Code”

Health insurance

  • Matheson
  • -
  • Ireland
  • -
  • September 20 2012

The Health Insurance Authority (HIA) recently published the findings of a national survey of the private health insurance market in Ireland (the “Survey”) which currently consists of approximately 2.14 million customers

The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2012

  • Matheson
  • -
  • Ireland
  • -
  • September 20 2012

The 2010 Act overhauled this area of law and introduced new anti-money laundering requirements for credit and financial institutions and other “designated persons,” requiring them to carry out certain due diligence measures in relation to customers

Central Bank of Ireland publishes FAQs on online reporting by retail intermediaries

  • Matheson
  • -
  • Ireland
  • -
  • September 20 2012

The Central Bank has recently published answers to various frequently asked questions (“FAQs”) on the requirement for all retail intermediaries to submit a return to the Central Bank

Central Bank of Ireland report on sale of payment protection insurance

  • Matheson
  • -
  • Ireland
  • -
  • September 20 2012

The Central Bank has recently released the findings on its latest inspection of the sale of payment protection insurance (“PPI”) to Irish consumers

Getting down to business in the Commercial Court

  • Matheson
  • -
  • Ireland
  • -
  • September 20 2012

The vast majority of cases admitted to the list have been commercial claims with a value in excess of 1 million (1165 in total