The on-line resource for the insurance run-off industry. http://www.runoffmarket.com Thu, 11 Mar 2010 07:53:15 +0100 FeedCreator 1.7.2 http://www.runoffmarket.com/images/M_images/joomla_rss.png http://www.runoffmarket.com The on-line resource for the insurance run-off industry. http://www.runoffmarket.com/Reinsurance/Newsletter/E-alert-When-does-a-broker-owe-a-duty-to-a-third-party.html In the recent decision of Mr Peter Crowson v HSBC Insurance Brokers Ltd (16 November 2009, unreported), the High Court had to consider whether a person can have rights of action against an insurance broker with whom it has no contractual relationship. Clearly, brokers do not owe duties to the... Reinsurance - Newsletter Wed, 10 Mar 2010 00:00:01 +0100 http://www.runoffmarket.com/Reinsurance/Newsletter/Global-Insurance-and-Reinsurance-Bulletin.html March 2010 Recent Cases and Regulatory Legislative Developments from: the UK; the US; Germany; France; Spain; Latin America; China; and Russia. Download (pdf) (docs/a023/InsReinsBulletinMar10.pdf) Newsletter provided by Lovells LLP - www.lovells.com (http://www.lovells.com) Reinsurance - Newsletter Wed, 10 Mar 2010 00:00:00 +0100 http://www.runoffmarket.com/Reinsurance/Newsletter/FSA-Enforcement-New-Rules-on-Financial-Penalties.html The FSA's new rules on financial penalties will come into force on 6 March 2010. According to the FSA, they could result in fines trebling in size. There is a range of outcomes which can result from an FSA investigation. This includes private warning, withdrawl of authorisation, prohibition in respect... Reinsurance - Newsletter Tue, 09 Mar 2010 00:00:00 +0100 http://www.runoffmarket.com/Reinsurance/Newsletter/InSure-March-2010.html InSure March 2010 This month's roundup of developments affecting the insurance industry sees the announcement that the FSA chief executive is to step down next summer, the European Commission initiating its review of the Insurance Mediation Directive, the FSCS announcing its plan and budget for 2010/11, .... Download (doc) (docs/a003/InsureMarch2010.doc) Newsletter... Reinsurance - Newsletter Tue, 02 Mar 2010 17:36:27 +0100 http://www.runoffmarket.com/Reinsurance/Newsletter/Insurance-Regulatory-Alert-February-2010.html Contents: FSA bans director for client money failings; FSA issues corporate governance consultation paper; FSA issues Solvency II IMAP update; Solvency II - final CEIOPS advice on Level 2 Implementing Measures; Solvency II - first Level 3 guidance. Reinsurance - Newsletter Fri, 26 Feb 2010 15:38:53 +0100 http://www.runoffmarket.com/Reinsurance/Newsletter/Resolve-Winter-2009.html This publication has been created to keep you up to date with recent changes and developments (and frequently forgotten core principles), which may cause you to change your corporate behaviour, and to bring to your attention any legal issues to which your business may be vulnerable. Contents: Lord Justice Jackson's... Reinsurance - Newsletter Mon, 15 Feb 2010 00:00:00 +0100 http://www.runoffmarket.com/Reinsurance/Newsletter/Client-Alert-February-2010.html Jackson Paves The Way For Contingency Fees New fee structures part of a package intended to reduce costs Many clients will have felt the impact of contingency fees (advocates' fees based on a percentage of damages recovered) in judicial systems in the United States. A number of commentators on developments in... Reinsurance - Newsletter Mon, 08 Feb 2010 00:00:00 +0100 http://www.runoffmarket.com/Reinsurance/Newsletter/Reinsurance-Notes-February-2010.html Decision rejecting Solvent Scheme due to lack of 'problem' overturned The Scottish Lion Insurance Company Limited First Division, Inner House, Court of Session – 29 January 2010 The Scottish Court of Appeal has overturned a decision by Lord Glennie on 10 September 2009 in which he refused to sanction a solvent... Reinsurance - Newsletter Wed, 03 Feb 2010 02:00:00 +0100 http://www.runoffmarket.com/Reinsurance/Newsletter/InSure-February-2010.html InSure February 2010 This month's roundup of developments affecting the insurance industry sees CEIOPS releasing its first Level 3 Guidance on Solvency II, the FSA publishing a factsheet for general insurance providers, the Government excluding insurers from the Banking Act 2009, .... Download (doc) (docs/a003/InsureFebruary2010.DOC) Newsletter provided by Addleshaw Goddard -... Reinsurance - Newsletter Wed, 03 Feb 2010 00:01:00 +0100 http://www.runoffmarket.com/Reinsurance/Newsletter/E-alert.html English Court has jurisdiction to hear dispute between Bermudian insured and Swiss reinsurer In Gard Marine Energy Ltd v (1) Lloyd Tunnicliffe (2) Glacier Reinsurance Ag (3) Agnew Higgins Pickering Co Ltd (9 October 2009), the English Court determined that it had jurisdiction to hear a dispute... Reinsurance - Newsletter Thu, 04 Feb 2010 00:00:00 +0100