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Global Insurance Blog Blog

Articles: 1-10 of 200

PRA publishes Dear CEO letter containing feedback from recent review work on market conditions facing specialist general insurers

United Kingdom - June 12 2018 On 31 May 2018, the Prudential Regulation Authority (PRA) published a Dear CEO letter sent by its Director of Insurance Supervision, Anna Sweeney, to…

Are you a credit insurer? Or a bank which relies on credit insurance? Now is the time to respond to the PRA’s consultation on unfunded guarantees

United Kingdom - April 27 2018 It has now been two months since the PRA opened a consultation on the eligibility of unfunded guarantees as a form of credit risk mitigation for banks…

UK: Treasury Commons Select Committee Economic Crime Inquiry

United Kingdom - April 5 2018 On 29 March 2018, the Treasury Commons Select Committee (the “Committee“) announced an inquiry into economic crime in the UK. The inquiry will have…

Spain: The MiFID II delegated regulations on notification of qualifying holdings and authorisation requirements and their relationship with insurance/reinsurance undertakings

European Union - April 5 2018 In the mid-80s, through the adoption of Council Directive 85/611/EEC of 20 December 1985 on the coordination of laws, regulations and Administrative…

European Commission publishes communication on financing sustainable growth action plan

European Union - March 31 2018 On 8 March 2018, the European Commission published a communication containing its action plan on financing sustainable growth, together with a set of…

PRA publishes Dear CEO letter on firms' preparations for Brexit

European Union, United Kingdom - March 31 2018 On 28 March 2018, the PRA published a Dear CEO letter from its CEO and Bank of England Deputy Governor, Prudential Regulation, Sam Woods, on firms'…

BIBA and WBN agree new arrangement to help members with their clients post Brexit

European Union, United Kingdom - March 31 2018 On 21 March 2018, the British Insurance Brokers' Association (BIBA) announced that it has reached an agreement with the Worldwide Broker Network (WBN)…

Financial services and Brexit: speech by the Chancellor of the Exchequer

European Union, United Kingdom - March 31 2018 On 7 March 2018, the Chancellor of the Exchequer, Philip Hammond, gave a speech on financial services and Brexit. Among other things, Mr Hammond…

EIOPA consults on amendments to ITS on reporting and disclosure

European Union - March 31 2018 On 28 March 2018, the European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on amendments to implementing…

GDPR: Insurance Europe publishes template for data breach notifications

European Union - March 31 2018 On 19 March 2018, Insurance Europe announced that it has developed a template that could help companies meet the obligation under the General Data…