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

• UK: Prudential Regulation Authority publishes Solvency II Directors’ update, by Ruth Hite, Senior Associate.
• UK: Changing the rules – the Financial Ombudsman Service launches a new consultation paper, by Lizzie Gray, Associate.
• Europe: Solvency II third country provisional equivalence decisions may not be determined until December, by Ruth Hite, Senior Associate.
• Europe: Proposal for a Directive of the European Parliament and of the Council on insurance mediation (recast), by Ruth Hite, Senior Associate.
• Hong Kong: Competition Ordinance will come into full effect on 14 December 2015, by Anthony Woolich, Partner, and Caroline Thomas, Senior Associate.

2. Market developments

• Latin America: Lloyd’s to open representative office in Colombia, by Jonathan Bruce, Partner,  Geoffrey Conlin, Partner, and Lizzie Gray, Associate.

3. Court cases and arbitration

• “Anti-arbitration” injunctions – AmTrust Europe Limited v Trust Risk Group SpA, by Thomas Coombs, Associate.
• England and Wales: Co-insurer could not prevent rectification of policy: Equity Syndicate Management Limited v GlaxoSmithKline Plc, by Ben Atkinson, Associate.

4. HFW publications and events

• Sanctions: a snapshot of current and future developments as at 15 July 2015, by Anthony Woolich, Partner,  Daniel Martin, Partner and Felicity Burling, Associate.
• HFW Sanctions Update Seminar (as part of London International Shipping Week).

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.

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Contacts

Paul
Wordley
(Editor)
Email

Andrew
Bandurka
(Editor in Chief)
Email

William
Reddie
(Deputy Editor)
Email