Life after Passporting: the insurance sector By Mathew Rutter The EU’s single passport regime enabled UK-authorised insurers, reinsurers and insurance brokers to carry on business in any EEA member state, and conversely allowed EEA-authorised (re)insurers and brokers to carry on business in the UK. Now the…
Nuevas reglas de capital sobre valores vinculados a seguros y deuda subordinada By Marcia Cicarelli Dos nuevas normativas que se emitirán prontamente en Brasil pretenden acercar a los mercados de seguros y reaseguros al mercado de capitales, proporcionando más capital y recursos para el crecimiento de la industria y demostrando la creciente…
New Capital Rules about Insurance Linked Securities and Subordinated Debt By Marcia Cicarelli Two new regulations to be issued in Brazil intend to get the insurance and reinsurance markets closer to the capital market, providing more capital and resources for the industry growth and demonstrating the growing maturity of the sector.
COVID-19 – Reinsurance Questions By Anthony Menzies The COVID-19 crisis is generating insurance claims across the global industry, from event cancellation to property business interruption, travel, health insurance and trade credit, amongst others. As corporate failures gather pace, D&O claims…
Ireland: the Consumer Insurance Contracts Act 2019 The long awaited Consumer Insurance Contracts Act was signed into law on 26 December 2019. The Act has yet to be enacted, but that is expected to happen in the first six months of 2020.
Insurability of fines and penalties in Spain The debate about whether the Spanish legal system permits insurance cover for fines and penalties has been ongoing for some time now. Although there is no specific rule regulating the insurability of fines and penalties -at least, within civil…
Chile, Bolivia and Ecuador: What insurers should know By Andrés Amunátegui Echeverría In recent weeks the LATAM region has experienced crises which will impact insurance coverage in the region.
50 predictions: Reinsurance By Julian Miller Is there a role for crypto-currency in reinsurance? The hallmarks of crypto-currencies since their emergence in 2009 have been a high degree of volatility, with wild swings in value sometimes on a daily basis, and the proliferation of different…
50 predictions: Reinsurance By Julian Miller “The operational risk posed to companies who employ automated solutions in their business is both difficult to measure and can result from issues spanning entire business sectors.”
Changes in the regulatory framework of the Argentine reinsurance market By Andrés Amunátegui Echeverría The Argentinean Insurance Superintendent (SSN) recently issued Resolution No. 40.422, which introduced important changes in the local reinsurance regulation. To better understand the scope of these changes, it should be remembered that up to…