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.
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.
ISOLAS
In recent times the use of technology in the provision of financial services has become well established, with the likes of crowdfunding platforms and 'Peer-to-Peer' (P2P) lenders already considered fairly mainstream.
GuernseyFinance
Richard Paris-Smith of Willis Towers Watson explains how the UK's recent changes to the Ogden discount rate will affect captive insurers.
GuernseyFinance
In a world of corporate risk, ARM Managing Director Charles Scott looks at the benefits of insuring against parent liabilities.
GuernseyFinance
A senior figure in the global captive insurance market believes that innovations and new markets will continue to offer opportunity for the Guernsey industry.
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").
Arthur Cox
This is the April edition of the Arthur Cox Insurance Regulatory Update, the monthly bulletin of the Arthur Cox Insurance Group focused on recent developments in insurance regulation, law and practice.
ELVINGER HOSS PRUSSEN
On 18 January 2017, the Court of Appeal of Luxembourg dealing with commercial matters reversed the decision of the 15th chamber of the District Court of Luxembourg dated 1 April 2015.
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.
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Hassans
PCC legislation was first enacted in Guernsey in 1996. This was primarily to encourage growth of the captive insurance industry.
ISOLAS
In recent times the use of technology in the provision of financial services has become well established, with the likes of crowdfunding platforms and 'Peer-to-Peer' (P2P) lenders already considered fairly mainstream.
KPMG Malta
Blackbox Car Insurance, Pay-As-You-Drive or Pay-How-You-Drive are all names used to reference Telematics Car Insurance.
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.
Dillon Eustace
The Court of Appeal has overturned a High Court ruling that there was a general principle of good faith in Irish commercial contract law in its ruling in Flynn v Breccia [2017] IECA 74.
GuernseyFinance
A senior figure in the global captive insurance market believes that innovations and new markets will continue to offer opportunity for the Guernsey industry.
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).
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").
Arthur Cox
This is the April edition of the Arthur Cox Insurance Regulatory Update, the monthly bulletin of the Arthur Cox Insurance Group focused on recent developments in insurance regulation, law and practice.
GuernseyFinance
In a world of corporate risk, ARM Managing Director Charles Scott looks at the benefits of insuring against parent liabilities.
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