Mondaq Offshore: Insurance
Sedgwick Chudleigh
A number of jurisdictions provide for the statutory protection of direct policyholders in a winding-up of an insurer.
Sedgwick Chudleigh
In the light of concerns raised in industry feedback, the Bermuda Monetary Authority (BMA) has decided to postpone the introduction of various adjustments to the Bermuda Solvency Capital Requirement (BSCR) standard formula that were proposed in its November 2016 Consultation Paper.
Sedgwick Chudleigh
The Bribery Act 2016 received Royal Assent on 6 December 2016. When it comes into operation, it will introduce a number of new offences into Bermuda law, including the corporate offence of failure to prevent bribery. Bermuda insurers, insurance managers and insurance agents and brokers will need to introduce policies and procedures necessary to ensure compliance.
Sedgwick Chudleigh
In the not-so-distant past, offshore financial centres ("OFCs") were perceived as having a very light touch when it came to taking enforcement action against regulated entities and individuals.
Conyers Dill & Pearman
The Bermuda insurance and reinsurance sector enjoyed a vibrant 2016, despite markets globally remaining relatively flat.
Cayman Finance
Cayman is well known as an attractive international destination for financial industry conferences, particularly in the hedge fund sector, but you might be surprised that the biggest annual conference is for the captive insurance industry.
Cayman Finance
As Cayman's captive insurance and nascent reinsurance, international insurance and life and annuity industry continues to evolve to meet the growing challenge of competition from onshore domiciles and continued soft market conditions,
Cayman Finance
The Cayman Islands is home to over 700 captive insurance companies. The word ‘captive' refers to the relationship between the insurance company and its owner.
Maples and Calder
A practical cross-border insight into insurance and reinsurance law
ISOLAS
Despite the notable uncertainty concerning the United Kingdom and Gibraltar's future trading relationship with the European Union, there are a number of upcoming developments which the Gibraltar insurance industry and its stakeholders should be monitoring.
GuernseyFinance
Guernsey is building on its insurance offering in China after signing a Memorandum of Understanding with a key Chinese business centre.
Clyde & Co
On 3 March 2017, the Financial Services Development Council (the "Council") issued an important report, titled: "Turning Crisis into Opportunities: Hong Kong as an Insurance Hub with Development Focuses on Reinsurance, Marine and Captive" (the "Report").
KPMG Malta
Blackbox Car Insurance, Pay-As-You-Drive or Pay-How-You-Drive are all names used to reference Telematics Car Insurance.
GANADO Advocates
MFSA circular to the Market relating to the assessment required prior to proposing Individuals for Approved Positions
GANADO Advocates
In less than ten months, the Insurance Distribution Directive (‘IDD') will be repealing the current Insurance Mediation Directive regulating the activities of insurance undertakings, insurance intermediaries and insurance ancillary intermediaries.
GANADO Advocates
Following its review EIOPA shall be making submissions to the Commission on suggested changes in methods...
GANADO Advocates
The amendments being introduced by the MFSA require the external audit of certain sections and specific templates forming part of the Solvency and Financial Condition Report ("SFCR").
GANADO Advocates
The MFSA has issued new guidelines on Product Oversight and Governance arrangements by insurance undertakings and insurance distributors as required by the Insurance Distribution Directive ("IDD") to be implemented by manufacturers of insurance products.
Kennedys
In this article, which is the first of three in a series, Kennedys' Corporate Insurance team looks at the new proposed commission structures under the new draft life regulations in the UAE.
Kennedys
It is not uncommon to hear from an insurer that its competitors are resorting to unfair means of marketing to get a bigger share of the "pie".
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Sedgwick Chudleigh
In the not-so-distant past, offshore financial centres ("OFCs") were perceived as having a very light touch when it came to taking enforcement action against regulated entities and individuals.
Sedgwick Chudleigh
In the light of concerns raised in industry feedback, the Bermuda Monetary Authority (BMA) has decided to postpone the introduction of various adjustments to the Bermuda Solvency Capital Requirement (BSCR) standard formula that were proposed in its November 2016 Consultation Paper.
Sedgwick Chudleigh
The Bribery Act 2016 received Royal Assent on 6 December 2016. When it comes into operation, it will introduce a number of new offences into Bermuda law, including the corporate offence of failure to prevent bribery. Bermuda insurers, insurance managers and insurance agents and brokers will need to introduce policies and procedures necessary to ensure compliance.
Kennedys
In this article, which is the first of three in a series, Kennedys' Corporate Insurance team looks at the new proposed commission structures under the new draft life regulations in the UAE.
Sedgwick Chudleigh
A number of jurisdictions provide for the statutory protection of direct policyholders in a winding-up of an insurer.
Cayman Finance
The Cayman Islands is home to over 700 captive insurance companies. The word ‘captive' refers to the relationship between the insurance company and its owner.
Cayman Finance
Cayman is well known as an attractive international destination for financial industry conferences, particularly in the hedge fund sector, but you might be surprised that the biggest annual conference is for the captive insurance industry.
Cayman Finance
As Cayman's captive insurance and nascent reinsurance, international insurance and life and annuity industry continues to evolve to meet the growing challenge of competition from onshore domiciles and continued soft market conditions,
Clyde & Co
Following the publication of Resolution No.6 of 2017, employers or sponsors of dependants and domestic workers have been given until 31 March 2017 to comply with Dubai Law No. 11 of 2013 (the Dubai Health Insurance Law).
Kennedys
It is not uncommon to hear from an insurer that its competitors are resorting to unfair means of marketing to get a bigger share of the "pie".
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