HFW Insurance Bulletin – 26 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

• Hong Kong’s Contracts (Rights of Third Parties) Ordinance Commencement Notice, by Caroline Thomas, Senior Associate and Kim Macnamara, Associate.
• UK: Financial Conduct Authority (FCA) review of delegated authorities: what do insurers need to do? ByTom Coombs, Associate.
• England & Wales: Counter-terrorism initiative to reduce terrorism insurance costs, by Andrew Spyrou, Associate.
• UK: Go away and think about it – new rules on guaranteed asset protection (GAP) insurance, by Will Reddie, Associate.

2. Market developments

• G7 countries commit to supporting disaster insurance, byAndrew Spyrou, Associate.

3. HFW publications and events

• Hong Kong: Insurance Companies (Amendment) Bill 2014 may soon be passed, by Caroline Thomas, Senior Associate.
• UK: HFW attend the Practical Law Insurance Law Forum
• London: HFW UAE/MENA Regulatory Environment Update Workshop, by Richard Spiller, Partner,  Carol-Ann Burton, Consultant and Tanya Janfada, Senior 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.