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NEWS
This week's edition of Insurance weekly highlights includes: Policyholders challenge coronavirus (COVID-19) furlough payouts at UK Supreme Court; UK property insurance payouts to hit record, Deloitte says; PRA grants modification by consent on reporting requirements for third-country insurance branches; European Sustainability Reporting Standards: EIOPA publishes Opinion on EFRAG technical advice; Solvency II: Regulation specifying quantitative parameters published in OJ; Solvency II: Implementing regulation for the calculation of technical provisions and basic own funds published in OJ; EIOPA publishes six IRRD instruments; EIOPA updates guidelines on supervisory review process and treatment of market and counterparty risk exposures; IAIS publishes final Application Paper on operational resilience objectives plus key cases and dates for your diary.
NEWS
This week's edition of Insurance weekly highlights includes: Cosmetics studios sue Beazley over coronavirus (COVID-19) business losses; Air India crash likely to cost insurers US$200m; Lost Russian jets ruling has global implications for insurers; UK insurers press government for long-term flood resilience plan; EIOPA reveals findings from first EU mystery shopping exercise on insurance investment products; plus dates for your diary and key recent cases.
NEWS
This week's edition of Insurance weekly highlights includes: Iran oil crisis not due to lack of insurance, trade body says; London insurance market faces Iran war risk, Fitch says; Reinsurers' application to Prune Chubb, Fidelis' Russia aircraft claims; EIOPA seeks views on potential integrated insurance data collection system; IE calls on EU to simplify and align digital regulations plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: UK sanctions ten ships in Russia’s shadow fleet; Lloyd’s sued for US$3.7m over cargo ship damaged in Ukraine; brokers seek insurance tax cut in budget for at-risk housing; global IT outage could 'create new types' of cyber-cover; lawmakers urged to re-open UK whiplash injury portal probe; London insurance premiums combined total clears £100bn; Lloyd’s to overhaul rules in crackdown on misconduct; 70 per cent of insurance underwriters fear replacement by AI; FCA faces pressure over pricey monthly insurance premiums; cases and decisions; key dates for your diary; and other news highlights reported over the past week.
NEWS
This week's edition of Insurance weekly highlights includes: UniCredit Bank GmbH, London Branch v Constitution Aircraft Leasing (Ireland) 3 Ltd; UniCredit Bank GmbH, London Branch v Celestial Aviation Services Ltd; FCA decides against further action on historic FPP conduct following supervisory assessment; ESAs publish guidelines on ESG stress testing methodologies; EIOPA publishes latest report on retail investment product costs and performance; EIOPA proposes amendments to ease Solvency II reporting and disclosure requirements plus key cases and dates for your diary.
NEWS
This week's edition of Insurance weekly highlights includes: CP Holdings Ltd v Assicurazioni Generali SpA; R (on the application of Faiz Siddiqui) v Financial Ombudsman Service Ltd; FCA consults on simplifying insurance and funeral plan requirements plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: Restaurant can’t extend physical damage policy to coronavirus (COVID-19) claim (Bellini (N/E) Ltd v Brit UW Ltd); insurer signs settlement over Russia-stranded planes (BOC Aviation (Ireland) Ltd and another v Convex Insurance UK Ltd and others); the Association of British Insurers (ABI) takes action on motor premium finance; insured disaster losses already at US$17bn in 2024; the Lloyd's Market Association (LMA) updates consumer wordings guidance; UK insurers vow to curb premium finance ‘tax on poor’; UN Insurance Climate Group relaunched after backlash; the International Underwriting Association (IUA) strongly oppose the Financial Conduct Authority’s proposals to publicise unresolved enforcement investigations; Insurance Europe urges the EU to publish a clear and coherent roadmap for the development of the Insurance Recovery and Resolution Directive (IRRD); the European Insurance and Occupational Pensions Authority (EIOPA) report takes the pulse of digitalisation in the European insurance market; cases & decisions; key dates for your diary; and other news highlights reported over the past week.
NEWS
This week's edition of Insurance weekly highlights includes: Six in ten SMEs hit by cyberattack in 2025, Hiscox says; Ship company seeks US$5m payout for vessel hit by Houthi rockets; Chubb blames reinsurers for US$5.7m aircraft loss bill; FCA publishes Consumer Duty focus areas for 2025–2026; FCA publishes update on Consumer Duty rule review; Solvency II—PRA publishes policy statement on liquidity reporting with extended 30 September 2026 deadline; EIOPA publishes letter to Commission on Solvency II level 2 amendments; EIOPA publishes 2026 strategic supervisory priorities; EIOPA publishes its Annual Work Programme 2026; plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: QIC denies COVID-19 cover for Franco Manca owner; AIG largely beats claim over failed Italy property scheme; Zurich has key defence trimmed in dental spa fire claim; Insurers warn government over tax hikes after £11.7bn claims paid; Growth in UK insurance premiums expected to slow, EY says; cases and decisions; key dates for your diary; and other news highlights reported over the past week.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: Aon launches US$357m insurance programme for Ukraine; a range of insurers deny liability for aircraft detained in Russia; UK sanctions Russian insurer in move against shadow fleet; reinsurers escape US$41m claim over Taliban warehouse loss (Hamilton Corporate Member Ltd and others v Afghan Global Insurance Ltd and others); smaller insurers predicted to benefit from solvency changes; cases & decisions; key dates for your diary; and other news highlights reported over the past week.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes analyses of Liberty Mutual v Bath Racecourse and the Court of Appeal’s decision in Lonham Group Ltd v Scotbeef Ltd & another; Solicitor fined over disclosure failure with insurer; Aon can sue Howden in staff poaching case in England; UK insurance brokers could get tax refunds after court ruling; the UK government orders law shake-up to boost insurance mutuals; recent cases and decisions; key dates for your diary; and other news highlights reported over the past week.