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Global Insurance Blog Blog

Articles: 1-10 of 219

No-deal Brexit: reorganisation and winding up of insurers

European Union, United Kingdom - December 6 2018 As part of its planning for a no-deal Brexit, on 30 November HM Treasury published a draft of the Credit Institutions and Insurance Undertakings…

Too soon to harmonize EU Insurance Guarantee Schemes?

European Union - November 27 2018 Insurance Guarantee Schemes (“IGS“) provide last resort protection to consumers in the event that their insurance company becomes insolvent or simply…

“No deal” Brexit: UK Government publishes details on draft regulations amending FSMA

European Union, United Kingdom - November 26 2018 On 22 November 2018, HM Treasury published Explanatory Information on the draft Financial Services and Markets Act 2000 (Amendment) (EU Exit)…

UK: Operational resilience: a PRA priority for insurance

United Kingdom - November 16 2018 The PRA published an update on its approach to insurance supervision on 31 October 2018. In the update, it introduced a new section on operational…

UK regulators prepare for ‘No Deal Brexit’ with a Temporary Permissions Regime

European Union, United Kingdom - November 15 2018 HM Treasury has proposed a Temporary Permissions Regime (“TPR“) as a temporary measure to replace the passporting regime in Schedule 3 and 4 of the…

UK: PPI Update - November 2018

United Kingdom - November 13 2018 On 7 November 2018, the FCA released a consultation paper (CP18/33) publishing final guidance clarifying its expectations about the handling of…

UK: FCA publishes PPI complaints deadline progress report

United Kingdom - November 7 2018 On 24 October 2018, the FCA published a report on the progress of its consumer communications campaign on PPI mis-selling (the “CCC”) and its…

The time is now: EIOPA calls for action to ensure service continuity in cross-border insurance

European Union, United Kingdom - November 6 2018 Following its Opinion on 21 December 2017, the European Insurance and Occupational Pensions Authority (EIOPA), yesterday (5th November) issued a call…

No deal Brexit - Government publishes advice on vehicle insurance

European Union, United Kingdom - October 23 2018 On 24 September 2018, the Government published a technical notice on vehicle insurance if there is no Brexit deal. The current position Motorists from…

UK: Sanctions exclusion clauses: What can we learn from Mamancochet Mining Limited v Aegis Managing Agency Limited and Others [2018] EWHC 2643 (Comm)?

United Kingdom - October 18 2018 On 12 October 2018 the High Court handed down judgment in a case that concerned a claim brought against insurers for payment under a marine cargo…