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Herbert Smith Freehills publishes new guide to the Independent Insurance Authority in Hong Kong
Hong Kong is about to establish a unified insurance regulatory regime under the auspices of a new body, to be named the ‘Insurance Authority’. The …
9 months to go: How ready is the market for the Insurance Act 2015?
With just 9 months to go until the Insurance Act 2015 comes into force, how ready is the market? A recent survey carried out by Airmic among its members …
A Guide to Solvency II
Insurers and reinsurers operating in European markets are facing change on an unprecedented scale. The main reason for this is Solvency II. Solvency II …
PRA Decisions under Solvency II: How to appeal them
The PRA is in the course of deciding what approvals, waivers and modifications it should grant to firms as part of the process of bringing the …
The PRA's proposed new rules for insurers on pre-notification of capital instruments
The Prudential Regulation Authority is proposing to extend its rules about pre-issuance notification of capital (own funds) instruments. The proposed …
A "blot on English insurance law"
Insurers successfully avoided a policy on the grounds of inadvertent non-disclosure. The High Court commented on the different outcome that would have …
Revised IDD text published
The revised text of the Insurance Distribution Directive (IDD) was published in July, following agreement by the EU institutions under the "trilogue" …
A new regime for senior insurance managers: changes to the approved persons regime for Solvency II firms
In November 2014, the PRA and the FCA proposed wide-ranging reforms of the Approved Persons Regime (APR) for insurers and reinsurers. The PRA will …
Privy Council decision on limitation in professional negligence cases
A recent Privy Council decision has considered the point at which damage is suffered where a claimant has entered into a flawed transaction as a result …
Court requires disclosure of insurance details by defendant in personal injury context – wider implications as yet unclear
In Senior v Rock UK Adventure Centres and other the court ordered disclosure of the defendant’s insurance arrangements in the context of a personal …
FCA expresses concern over use of Delegated Authorities in General Insurance
A recent FCA report on the use of delegated authorities in general insurance serves as a warning to insurers, in particular, to look carefully at whether …
Supreme Court confirms employer's liability insurers have a right to seek contribution from the insured and other insurers in mesothelioma claims
An employer which exposes an employee to asbestos creating a risk of mesothelioma is, as matter of English law, treated as causing later contracted …
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