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EIOPA Conference: The Main Themes
Three of the themes that EIOPA sees as its priorities were covered at its annual conference on 20 November. All of the topics were the subject of …
Brexit Final Political Declaration: Nothing [new] to see here?
The Political Declaration setting out the Framework for the Future Relationship between the EU and the UK was published earlier today. On financial …
Brexit deal – what does it mean for insurers and insurance intermediaries?
Yesterday's announcements on the terms agreed for the UK's withdrawal from the EU say relatively little about the future framework for cross-border trade …
Brexit – Deal on financial services may deliver little for insurance industry
Press reports over the past couple of days suggest that a deal struck by the UK government would "give UK financial services companies continued access …
Coverage for 'Doomsday or Armageddon' data breach class actions: insurance implications of the Court of Appeal's decision to confirm Morrisons' vicarious liability for employee's deliberate actions
In the recent judgment in Wm Morrisons Supermarkets Plc v Various Claimants [2018] EWCA Civ 233 the Court of Appeal has dismissed an appeal against …
Sanctions clauses in a Changing sanctions regime
In Mamancochet Mining Limited v Aegis Managing Agency Limited and Others [2018] EWHC 2643, the High Court held that, in order to avoid payment of a …
COURT OF APPEAL DECISION IN ENRC: ORTHODOXY RESTORED ON LITIGATION PRIVILEGE, BUT NARROW INTERPRETATION OF "CLIENT" REMAINS FOR NOW
The Court of Appeal has handed down its eagerly awaited decision in the ENRC appeal: The Director of the Serious Fraud Office v Eurasian Natural …
Near-final rules for extension of SMCR to insurers and brokers published
Near-final rules for the extension of the Senior Managers & Certification Regime (SMCR) to all financial services firms, including insurers and …
EIOPA issues second warning about the impact of Brexit on insurance contracts
EIOPA has published an opinion and FAQs emphasising the need for insurers and insurance intermediaries to explain to policyholders how Brexit will affect …
AML/CFT COMPLIANCE A KEY FOCUS OF RECENT SUPERVISORY INSPECTIONS BY THE HONG KONG INSURANCE AUTHORITY
Late last week, the Hong Kong Insurance Authority (IA) published a circular setting out its key findings from anti-money laundering and counter-financing …
Court of Appeal upholds payment of costs by non-party insurer
In Travelers Insurance Company Ltd v XYZ [2018] EWCA Civ 1099, the Court of Appeal upheld an order for costs against an unsuccessful Defendant’s insurer, …
BREXIT UPDATE - EEA (RE)INSURERS
EEA insurers and reinsurers doing business in the UK under the insurance passport must prepare for the UK's withdrawal from the EU. We consider, in our …
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