InSure November 2008
This month's roundup of developments affecting the insurance industry sees ECOFIN approving the Solvency II framework directive, a further investigation by the CC into the PPI market, plans to deregulate Lloyd's of London......
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October 2008
Recent case law and regulatory updates from the main global insurance and reinsurance jurisdictions including the UK, the US, France, Spain, Italy and Latin America.
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London Market newsletter October 2008
In this month's issue:
- Summary judgment refused in CCC dispute;
- English Court refuses stay in Greek binder dispute;
- Court strikes out at Names' claim;
- Arbitration clause not affected by Service of Suit Clause;
- Equitas fail in pursuit of costs;
- English Court rejects stay in Common Account XOL dispute.
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InSure October 2008
This month's edition sees the FSA kick off the implementation of Solvency II, plans for a new VAT regime for insurers, the FSA publishing examples of treating customers fairly, McCreevy talking about group supervision......
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Wire - October 2008
Over the last years a large number of EU insurers have incorporated a branch office in Spain. This number continues growing not only for insurance companies, but also for insurance intermediaries which, following the implementation of the Insurance Mediation Directive, now benefit from the “single licence” system by way of the freedom of establishment route.
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Insured Interest Autumn 2008
- Is the UK insurance industry treating its customers fairly?
- FSA fine for failure to protect against identity fraud;
- Could hybrid capital change the face of mutuality?
- Fragmentation the new consolidation for brokers?
- The devil's dictionary.
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Client Alert - October 2008
This July saw the Commercial Court in Equitas Limited v Allstate Insurance Company dismissing the Defendant's application for a stay pending the outcome of a Texas arbitration, where there was an exclusive English jurisdiction clause in the disputed commutation agreement.
Allstate Insurance Company Limited ("Allstate") entered into a commutation agreement with Equitas Limited ("Equitas") ("Commutation Agreement") which provided for the valuation, payment and complete discharge of all "Reinsurance Agreements" made between Equitas and Allstar.
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