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Bermuda's reinsurance industry has endured many challenges over the years, but its unique mixture of talent, capacity, innovation and world-class regulation has ensured its adaptability in the...
Kennedys Law LLP
The Bermuda Monetary Authority (BMA) issued on 6 October 2020 the Insurance Sector Operational Cyber Risk Management Code of Conduct (Code)
The Bermuda Monetary Authority ("BMA") has released its Operational Cyber Risk Management Code of Conduct ("the Code") for the insurance sector.
Carey Olsen
2020 has been a transformative year in many ways, from extreme weather events to the COVID-19 pandemic, resulting in the discussion on sustainability now taking centre stage.
The first company and incorporated segregated account (ISA) to be registered in Bermuda under the Incorporated Segregated Accounts Company Act 2019 (ISAC Act)...
Bermuda's Insurance Act 1978 has been amended to mandate the reporting of material cyber events by insurers, insurance managers and insurance intermediaries.
Cayman Islands
The Monetary Authority (Administrative Fines) (Amendment) Regulations, 2020 (the "Amendment Regulations") came into force on 26 June 2020.
Guernsey continues its focus on green finance and sustainable initiatives by considering a green investment discount for life insurer capital requirements.
Carey Olsen
Guernsey's position as Europe's leading captive insurance domicile has made the jurisdiction renowned for insurance activity...
Hong Kong
Mayer Brown
The MoU is also relevant to the regulation of insurance linked securities (ILS) as the IA prepares to launch an ILS regime in Hong Kong soon.
Clyde & Co
The Explanatory Note also contains useful frequently asked questions (FAQs) on these secrecy obligations.
Mayer Brown
On 24 July 2020, Hong Kong's Legislative Council passed two bills amending the Insurance Ordinance (Cap. 41) (IO).
Dillon Eustace
Insurance Quarterly Legal and Regulatory Update for the period July to September 2020.
GTG Advocates
By virtue of Legal Notice 107 of 2020 and in the midst of the COVID-10 pandemic, the Processing of Data concerning Health for Insurance Purposes Regulations...
GTG Advocates
The MFSA has issued a circular to insurance market participants on amendments to Chapter 1 and Chapter 2 of the Insurance Business Rules issued under the Insurance Business Act...
United Arab Emirates
BSA Ahmad Bin Hezeem & Associates LLP
The English High Court has recently handed down a judgement in a test case related to "Business Interruption" insurance in the context of the COVID19 pandemic, which provides an interesting angle in
BSA Ahmad Bin Hezeem & Associates LLP
Two weeks ago, more than 2,000,000 people living in the City of Beirut survived the impact of one of the biggest explosions in the history of mankind. The devastating explosion in the Port of Beirut on
BSA Ahmad Bin Hezeem & Associates LLP
This article addresses some of the insurance and other liability considerations that all should be aware of so that they be in a position to recover for their losses.
Charles Russell Speechlys LLP
Decennial liability exists in many countries, and is enshrined in the relevant Civil Code of many civil law jurisdictions, such as France, Egypt, the United Arab Emirates (UAE), Oman, Qatar...
With Singapore raising its profile in the alternative risk market, and Hong Kong introducing a new insurance bill, ILS opportunities in Asia are going from strength to strength.
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