The HFW Insurance Bulletin 23 April 2015

Welcome to HFW’s Insurance Bulletin, which is a summary of the key insurance and reinsurance regulatory announcements, market developments, court cases and legislative changes of the week.

In this week’s Bulletin:

1. Regulation and legislation

• England and Wales: Financial advisers promoting aggressive tax avoidance to face prosecution – MPs call for new legislation, by Josianne El Antoury, Associate.
• UK: PRA consults on applying UK GAAP principles for Solvency II purposes,  by Ben Atkinson, Associate.
• UK: FCA imposes largest ever fine for PPI failings,  by Ben Atkinson, Associate.

2. Court cases and arbitration

• France: Prudential transfer of an insurance company portfolio declared unconstitutional,  by Ghislain Lepoutre, Senior Associate and Louis Cornut-Gentille, Associate.
• England and Wales: Claim against Spanish insurer could not be brought in English Courts,  by Ben Atkinson, Associate.

3. HFW events

• Legal Professional Privilege is under attack: what can we expect and what can we do?

Should you require any further information or assistance on any of the issues dealt with here, please do not hesitate to contact any of the contributors to this Bulletin, or your usual contact at HFW.