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NEWS
This week's edition of Insurance weekly highlights includes: AXA XL settles with lessor in US$334m stranded planes claim; Dewji v Prudential International Assurance Plc; RSA v Equitas—application of key clauses in reinsurance policies; FCA urged to act on insurers' low claims acceptance rates; FCA announces end date for Premier Insurance policies; PRA publishes discussion paper on enabling UK life insurers to access alternative life capital; PRA publishes results of Life Insurance Stress Test 2025; Commission Implementing Regulation laying down technical information concerning Solvency II reporting for Q4 2025 reference dates published in the Official Journal; EIOPA submits technical standards on new macroprudential requirements following Solvency II review plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: Lloyd's Market faces risks from diverging Russian oil caps; Broker’s negligence claims relating to liability policies do not require actual liability (Norman Hay Marsh Ltd); Geopolitical volatility the 'new normal' for marine insurance; Car insurance costs ease, but repair bills keep claims high; FCA publishes multi-firm review findings of life insurers' pension transfer process; key cases plus dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: a case analysis on Scotbeef v D&S Storage & Lonham Group; WTW to launch game-changing climate finance solution; insurers launch fire safety project in response to Grenfell; the International Underwriting Association (IUA) published a new directors and officers liability insurance guide; the Association of British Insurers (ABI) reported record numbers take out income protection insurance; the Financial Conduct Authority (FCA) set out priorities for new financial year; the Prudential Regulation Authority (PRA) announced that its new Rulebook website will be launched on 10 April 2024; 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: Grimes (trading as The Cleveland Arms) v Liberty Mutual Insurance Europe SE; Chubb, Fidelis lose Russian aircraft contribution claim application; Financial Services Regulatory Initiatives Forum publishes tenth regulatory initiatives grid; FCA launches claims management services market study plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: PRA finalises rules and policy materials to replace Solvency II assimilated law; HMT consults on new approach to captive insurance; PRA releases CP15/24 towards modifying the UK ISPV regulatory framework; EIOPA welcomes IAIS global capital standard for insurers; Solvency II and DORA: EIOPA calls on Commission to avoid ‘disproportionate compliance efforts’; IAIS consults on draft application paper for AI supervision in insurance; 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: insurers deny liability over US$790m stranded aircraft claims; Marsh launches US$50m insurance after Baltimore bridge crash; FCA calls on insurers to ensure they demonstrate fair value and good customer outcomes; FCA move to results-based regulation could hurt firms; 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: reinsurers reject WRBC's US$90m coronavirus (COVID-19) losses claim; claimant body denies mixed injury epidemic; the British Insurance Brokers' Association (BIBA) reaffirms commitment to environmental, social and governance (ESG) in 2024; an analysis of the Financial Conduct Authority (FCA)’s compelled information request to Lloyd’s market regarding non-financial misconduct—a sign of things to come?; FCA publishes report on Consumer Duty good practice and areas for improvement; 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: Acasta European Insurance Company Ltd v Eshiett; Insolvency at Sea (again)—Court of Appeal upholds ‘pay first’ clauses in marine insurance policy (MS Amlin v King Trader); Insurer beats US$1.3m claim over ship master's incompetence; Consumer Duty: FCA publishes findings from review of smaller mutual life insurers; PRA sets out sector-specific supervisory priorities for 2026; EIOPA publishes ‘Strategy Towards 2030’; EIOPA revises its Single Programming Document for 2026–2028; IAIS publishes roadmap for 2026–27 plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: Aviva to use AI tool to map cyberthreat behaviour; FCA publishes Financial Lives 2024 survey report; EIOPA calls for clarity in IPIDs relating to natural catastrophe protection; EIOPA launches survey on generative AI adoption in EU insurance sector; IRSG advises EIOPA on AI governance and risk management; plus recent cases and key dates for your diary.
NEWS
This week's edition of Insurance weekly highlights includes: Gatwick Investment Ltd v Liberty Mutual Insurance Europe Se; Bath Racecourse Company Ltd and Liberty Mutual Insurance Europe Se; Re UK Insurance Ltd Re Intact Insurance Ltd; Plane lessor and reinsurer settle USD 23 million claim over jet in Russia; Nord stream insurers say war exclusions bar €580 million claim; EIOPA revises guidelines on the exchange of information within colleges; EIOPA consults on shortening 13 sets of Solvency II guidelines; EIOPA consults on proportional reinsurance treaties with features that jeopardise the effectiveness of risk transfer; BoE article examines general insurance protection gaps; PRA consults on fee rates for 2026/27; PRA publishes business plan for 2026/27 plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: COVID-19 business insurance litigation returns with test case appeal; the case of Tyson International Company Ltd v GIC RE, India Corporate Member Ltd (sued as the sole corporate member for Syndicate 1947 at Lloyd's of London for the 2021 and 2022 years of account); UK property insurance claims highest since 2007; an update to the Flood Reinsurance (Amendment) Regulations 2025; UK insurance premium tax haul up 10%, hits record £6.7bn; BoE delivers speech on new stress test approach for banks and other parts of the financial sector; FCA and PRA respond to UK government’s call for regulators to support economic growth; FCA urged to act against high insurance claim rejections; Insurance brokers call for reduced regulatory burden; Why non-financial misconduct should be on firms’ radar; Insurance Europe submits responses to EIOPA's Solvency II review consultations; Closing the gap–EIOPA and ECB announce proposals to close insurance protection gap; 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: the PRA’s consultation on amalgamations and transfer guidance for friendly societies, EIOPA publishes guidelines and technical standards to complete Solvency II Review mandate, plus key cases and dates for your diary.