The principal legislation governing companies in Bermuda is the Companies Act 1981, as amended, under which the majority of companies in Bermuda are incorporated by registration.
Latin America continues to be one of the world's largest emerging markets, and although challenges remain, education has been key to the region's captive insurance market growth.
The traditional (re)insurance market is continuing to harden and is facing significant headwinds over the next 2-4 underwriting years.
The longer and further that COVID-19 spreads, the more likely it is that there will be disputes as to whether or not COVID19 related losses can be aggregated by (re)insureds for the purpose...
The COVID-19 pandemic has triggered an increasing number of contested Business Interruption Insurance claims between Policyholders and Insurers worldwide.
HM Government of Gibraltar has published the Financial Services (Insurance) (Miscellaneous Amendments) Regulations 2020, which came into force on the 26th November 2020.
The Government of Gibraltar yesterday published legislation that permit EEA (non-UK) insurers, on the basis of a unilateral policy decision and regardless of loss of EU passporting rights...
HM Government of Gibraltar has introduced the Financial Services (Specified EEA Insurers) (Temporary Exemption) Regulations 2020.
Pension funds that operate defined benefit schemes are exposed to longevity risk; the risk that their pensioners live longer than predicted.
Norton Rose Fulbright Hong Kong
China has been, and continues to be, a fundamental driving force
of merger and acquisition (M&A) activity in the insurance
sector in Asia.
Moloney v Cashel Taverns Limited (In Voluntary Liquidation) & Anor (10 December 2020)...
On 4 November 2020, Insurance Europe along with four other insurance sector bodies (Pan-European Insurance Forum (PEIF), the Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE),...
NautaDutilh Avocats Luxembourg
The Act of 19 December 2020 implementing the Budget Act 2021 introduced into the Insurance Contract Act a new provision to secure the outcome of insurance policies underwritten by UK insurers post-Brexit.
Arendt & Medernach
The Luxembourg legislator recently amended the law of 27 July 1997 on insurance contracts, as amended (the "1997 Law") in adopting the law of 19 December 2020 on the budget of State revenue and expenditure for the financial year 2021.
Loyens & Loeff
As 2020 draws to a close, the Luxembourg Financial Intelligence Unit published its annual report for 2019 highlighting over 50,000 declarations and blocked funds which exceeded EUR 231 million.
On 2nd February 2021, the Financial Intelligence Analysis Unit (FIAU) issued an Interpretative Note in relation to the interpretation of Article 2(1)(d)
How automation and AI are changing the insurance industry.
Malta is a small island nation located in the Mediterranean Sea just south of Italy with a population of about 450,000.
SyCip Salazar Hernandez & Gatmaitan
ICL 2020-73 seeks to strike a balance between promoting innovation and consumer protection.
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.