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Middle East & Africa
Sefton Fross
The apex regulator of the insurance sector, National Insurance Commission ("NAICOM") in 2019 issued directives for the increase in the minimum paid-up share capital requirement for all
Saudi Arabia
Clyde & Co
The ability of an insurer to pursue a subrogated action to recover a pay out made under an insurance policy is an important feature of an insurance contract
South Africa
Schoemanlaw Inc.
Generally, insurance is known as a way in which an individual minimizes the risk attached to their exposure to specific perils caused by various harms.
Schoemanlaw Inc.
In 2011 the Sectional Title Schemes Management Act (hereinafter referred to as the Management Act) was assented to by then-President Jacob Zuma.
Schoemanlaw Inc.
In the United Kingdom, the Financial Conduct Authority ("FCA") representing policy holders, brought a test case under the United Kingdom High Court's Financial Markets Test Case Scheme.
Clyde & Co
On 2 July 2020, the Gauteng Local Division of the High Court of South Africa, acting as a court of appeal, handed down judgment in the case of Anabella Resources CC v Genric Insurance...
Clyde & Co
On 28 July 2020, the Financial Sector Conduct Authority ("FSCA") published FSCA Communication 44 of 2020 (INS) advising that the FSCA has published, for public comment, ...
Clyde & Co
This article provides an overview of the press release and addresses the impact on business insurance cover.
Clyde & Co
This Communication follows the recent judgement of the High Court, Gauteng Local Division, Johannesburg in the matter of Nell and Others v Constantia Insurance Company Limited and Others.
Clyde & Co
The FSCA encourages policyholders and brokers to consider the time-barring clauses in their policies and to engage with non-life insurers to determine if any indulgence may be granted.
On 2 July 2020, SWVG Inc. led prominent commodities trader, Anabella Resources CC, to a resounding victory amidst a legal battle with their insurers.
At the end of July 2020, the Financial Sector Conduct Authority ("FSCA") published a draft conduct standard that will regulate cell captive insurers operating cell structures insuring...
Schoemanlaw Inc.
The same applies to non-indemnity insurance ( or "sommeversekering"), an example: life insurance policies which form an integral part of estate planning.
South Africa has a sophisticated system of financial sector regulation known as the "Twin Peaks" system of regulation, similar to the Australian Twin Peaks model.
The Constitutional Court judgment attempts to resolve several questions regarding the constitutional approach to the judicial interpretation of contractual terms and, in particular, the public policy grounds upon which a court may refuse to enforce them.
United Arab Emirates
BSA Ahmad Bin Hezeem & Associates LLP
For those busy insurance/reinsurance professionals out there, BSA have provided a snap-shot of last year's UAE insurance laws and what to watch out for in 2021.
BSA Ahmad Bin Hezeem & Associates LLP
The English High Court has recently handed down a judgement in a test case related to "Business Interruption" insurance in the context of the COVID19 pandemic, which provides an interesting angle in
BSA Ahmad Bin Hezeem & Associates LLP
Two weeks ago, more than 2,000,000 people living in the City of Beirut survived the impact of one of the biggest explosions in the history of mankind. The devastating explosion in the Port of Beirut on
BSA Ahmad Bin Hezeem & Associates LLP
This article addresses some of the insurance and other liability considerations that all should be aware of so that they be in a position to recover for their losses.
Charles Russell Speechlys LLP
Decennial liability exists in many countries, and is enshrined in the relevant Civil Code of many civil law jurisdictions, such as France, Egypt, the United Arab Emirates (UAE), Oman, Qatar...
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