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Global Insurance Blog Blog

Articles: 1-10 of 206

A UK-EU association agreement and future UK free trade agreements: TheCityUK report

European Union, United Kingdom - August 31 2018 On 30 August 2018, TheCityUK published a report on a UK-EU association agreement and future UK free trade agreements. The report begins by analysing…

“Come one, come all”: the Court of Appeal opens the floodgates and expands the scope of the jurisdictional gateways

United Kingdom - July 30 2018 The Court of Appeal (“CoA“) has held that two of the “general grounds” jurisdictional gateways (as opposed to those gateways which operate only in…

Italy: IVASS reviews rules on corporate governance system and outsourcing

Italy - July 10 2018 IVASS published on 5 June Regulation no. 38 concerning provisions on the corporate governance system (the “Regulation“) implementing EIOPA Guidelines…

Changes in insurance regulation: China / Hong Kong / Singapore / Indonesia / Vietnam

China, Hong Kong, Indonesia, Singapore, Vietnam - June 22 2018 Our Asia insurance regulatory tracker for the first quarter of 2018 is attached. It includes updates on the introduction of an insurance levy in Hong…

Italian law implementing the IDD is published in the Official Journal

Italy - June 19 2018 On 16 June Legislative Decree No. 68/2018 aimed at implementing the IDD (the “Legislative Decree“) was published on the Italian Official Journal. The…

Italy: IVASS secondary level provisions implementing the Insurance Distribution Directive (“IDD”)

European Union, Italy - June 13 2018 On 8 June IVASS launched three public consultations on its draft regulations providing for secondary level legislation regarding insurance and…

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…