HFW Insurance Bulletin 4 June 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

• United Arab Emirates: New Commercial Companies Law promulgated – changes will benefit foreign investors and local interests, by Carol-Ann Burton, Consultant and Tanya Janfada, Senior Associate.
• UK: Lloyd’s publishes consolidated advice on Solvency II data collection requirements, by Ben Atkinson, Associate.
• UK: ABI position paper on Solvency II regulatory reporting, by Ben Atkinson, Associate.
• UK: New BIBA Code of Conduct, by Nazim Alom, Associate.
• UK: PRA consults on board responsibilities (CP18/15), byNazim Alom, Associate.

2. Market developments

• England and Wales: Emerging markets and protectionism, by Lucinda Rutter, Associate.

3. Court cases and arbitration

• England and Wales: Supreme Court makes landmark ruling on insurers’ liability for mesothelioma – Zurich Insurance PLC UK Branch v International Energy Group Limited, by Andrew Bandurka, Partner and Ben Atkinson, Associate.

4. HFW publications and events

• UK: An update on Directors and Officers liabilities – Senior Managers Regime and Small Business, Enterprise and Employment Act 2015, by John Barlow, Partner.
• France: HFW Sanctions Seminar.
• London: HFW UAE/MENA Regulatory Environment Update Workshop,  by Carol-Ann Burton, Consultant,  Tanya Janfada, Senior Associate and Richard Spiller, Partner.

5. HFW news

• Shipping and cyber attack: understanding the risks, byLucinda Rutter, Associate.

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.