LATEST ARTICLES
Bermuda
Appleby
All signs point to another very strong year for the catastrophe bond and related insurance-linked securities (ILS) market, and a lack of new capital entering...
Walkers
Further to the Bermuda Monetary Authority's ("BMA") consultations with respect to proposed enhancements to the regulatory regime for commercial insurers...
Appleby
As organizations in Bermuda prepare for the full application of the Personal Information Protection Act, 2016 on 1 January 2025 ( PIPA ), they need to keep in mind that PIPA...
British Virgin Islands
Harneys
On 16 January 2024, the BVI Financial Services Commission announced the release of updated annual return forms, in an effort to enhance reporting efficiency...
Ogier
An AML/CFT Return refers to the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Return, which is an annual reporting requirement for certain BVI regulated entities...
Cayman Islands
Maples Group
All persons carrying on or desiring to carry on insurance business (including reinsurance business) in or from within the Cayman Islands...
Conyers
A warm welcome to our latest edition of Conyers Coverage. It's been a dizzying year to date for the Cayman Islands (re)insurance industry, so it's time for some updates and insights.
Walkers
The Cayman Islands Monetary Authority ("CIMA") recently issued an updated Regulatory Policy on Consolidated Supervision (the "Policy"). The Policy expands on an earlier version...
Cayman Finance
Cayman has long been a leading financial centre for both investment funds and captive insurance. However, it is now also flourishing as a dynamic jurisdiction of choice for reinsurance.
Conyers
The Cayman Islands Companies Act (the "Act") imposes continuing obligations on all types of companies. Those companies which carry on business as trust companies, banks, company...
Cyprus
G. Vrikis & Associates Ltd
The duration for the above mandatory telework would extend only to the timeframe covered by the Decree, or until the employee's health is no longer at risk...
Elias Neocleous & Co LLC
On 28 June 2023, the European Commission (EC) published a set of legislative proposals on payment services; on the much anticipated introduction of a digital euro...
Gibraltar
ISOLAS
The Income Tax (Amendment) Act 2024 ("the Amending Act") was passed last week and establishes amendments to the Income Tax Act 2010 ("the Old Act"), in particular...
Ireland
Dillon Eustace
In Chubb European Group SE & Ors v. Perrigo Company PLC & Ors [2024] IEHC 9, the Commercial Court considered the interpretation of an aggregation clause in a contract...
Luxembourg
ELVINGER HOSS PRUSSEN, société anonyme
On 19 March 2024, the Luxembourg Chamber of Deputies adopted bill of law 8184 transposing Directive 2021/2118 into national law related to motor vehicle liability insurance1 (the "Bill of Law").
Arendt & Medernach
On 29 January 2024, the Commissariat aux Assurances (CAA) published Information Note 24/3 (Note), which summarises the outcomes of prudential on-site inspections that the CAA conducted in 2021 and 2022.
Malta
Finance Malta
The 1st February 2024 marked the publication by the Malta Financial Services Authority ("MFSAs") of its 9th volume from its series on ‘The Nature and Art of Financial Supervision'.
United Arab Emirates
Alvarez & Marsal
Insurers have historically been reluctant to provide coverage on tax matters for deals in the Middle East, often excluding tax altogether from insurance policies.
European Union
CYAUSE Audit Services Ltd
Cyprus has been an EU member since 2004 and over the years it has developed and upgraded new laws and regulations in accordance to the EU standards.
Arendt & Medernach
On 24 January 2024, the Commissariat aux Assurances (CAA) published Information Note 24/1 on the concept of insurance intermediary in the context of group insurance contracts (Note).
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