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UK: Court of Appeal upholds summary judgment order awarding damages for breach of settlement agreements
  • Locke Lord LLP
  • United Kingdom
  • August 21 2014

In the case of Starlight Shipping v Allianz Marine (2014 EWCA Civ 1010), the appellant shipowners appealed a decision granting summary judgment to


FCA's £8.4m fine highlights risks of outsourcing
  • Burges Salmon LLP
  • United Kingdom
  • August 21 2014

The Financial Conduct Authority fined an insurance firm £8.4 million this month for failing to treat customers fairly over the sales by outsourcing


Financial Regulatory Developments 22 August - Prudential Regulation Authority (PRA)
  • Dentons
  • United Kingdom
  • August 22 2014

PRA has published a new update on the preparations for Solvency 2 implementation. It will hold a conference on 17 September to cover the IMAP


Financial Regulatory Developments 3 October - Prudential Regulation Authority (PRA)
  • Dentons
  • United Kingdom
  • October 3 2014

Mark Carney, BoE's governor, has addressed the Institute and Faculty of Actuaries on reforms to the insurance industry, including re-introduction of:


UK: regulators indicate an extension of the senior managers regime to insurance companies
  • Hogan Lovells
  • United Kingdom
  • August 21 2014

In May 2014, Mark Carney, Governor of the Bank of England, wrote an article about the regulation of insurance in which he referred to the Bank's


Starlight Shipping v Allianz
  • Clyde & Co LLP
  • United Kingdom
  • September 30 2014

This case has been previously reported in Weekly Updates 4611, 4612, 4013 and 2814. The insured’s claim for damages for late payment (after its


Financial Regulatory Developments 13 March - Legislation
  • Dentons
  • United Kingdom
  • March 13 2015

Treasury has made the Solvency 2 Regulations 2015, which implement several aspects of the Solvency 2 Directive into UK law, including : PRA and FCA


Sea Shepherd UK v Fish & Fish Limited
  • Clyde & Co LLP
  • United Kingdom
  • March 10 2015

In June 2010, Fish & Fish Limited, a fish farm operator based in Malta, was transporting live Bluefin tuna in the Mediterranean Sea. On 17 June 2010


Which takes priority - liability insurance or an employer’s indemnity?
  • Mills & Reeve LLP
  • United Kingdom
  • March 12 2015

The perplexing question posed in the title to this article was recently considered by the Court of Appeal in the context of a professional trustee


Financial Regulatory Developments 15 August - Prudential Regulation Authority (PRA)
  • Dentons
  • United Kingdom
  • August 15 2014

PRA has published its third consultation paper on implementing Solvency 2 into its rules. The paper has four sections, and deals with matters PRA had