Latest developments show that organisations from around the world continue to view Guernsey as an attractive jurisdiction for domiciling their risk management vehicles, explains Guernsey Finance's Fiona Le Poidevin.
Employer’s liability claims, particularly those concerning mesothelioma caused as a result of exposure to asbestos.
Domiciles can achieve competitive advantage by applying ICP 17 and reducing capital requirements for lowest risk captives, says Martin Le Pelley, Chairman of the Guernsey International Insurance Association.
Fiona Le Poidevin, Chief Executive of Guernsey Finance, discusses the Island’s strong standing in the captive insurance market and what it is doing for its captive companies.
Two recent decisions of the High Court have provided much needed clarification as to the scope and operation of section 62 of the Civil Liability Act 1961 and should reduce liability insurers’ risk of exposure to being joined to proceedings by claimants seeking to recover directly from the insurer on foot of an insolvent insured’s liability policy.
The Minister for Justice, Equality and Defence, Alan Shatter TD, recently announced the publication of the Courts Bill 2013.
The European Commission has announced that it will examine barriers to cross-border trade in the insurance sector.
A discussion on a recent case where the High Court had its first opportunity to consider whether "after the event" insurance policies could effectively be a substitute for security for costs.
The Injuries Board has published its Annual Review for 2012, outlining key statistics relating to personal injury claims in Ireland.
The High Court has recently handed down judgment in favour of the respondents in the case of BUPA Ireland Ltd & Anor v The Health Insurance Authority & Ors.
The Department of Jobs, Enterprise and Innovation has recently published a consultation paper on the regulation of small print consumer contracts.
The Financial Services Ombudsman, has published his office’s latest bi-annual review, covering the period from July to December 2012, which reveals record numbers of complaints being made to the Ombudsman as the effects of the financial crisis continue to be felt.
At a workshop in Brussels on 31 January 2013, Chairman of EIOPA, Gabriel Bernardino, expressed his views on the current challenges in revising the insurance regulatory framework, particularly with regard to IMD2 and Solvency II.
The EIOPA has recently launched a public consultation on Guidelines related to the preparation for Solvency II.
The Central Bank has recently updated its Fitness and Probity – Frequently Asked Questions publication to include two additional questions in section three.