HFW Insurance Bulletin 22 Oct 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

• UK: ABI issues guidance on good practice for cluster policy providers, by Ben Atkinson, Associate.
• Europe: Solvency II – ultimate forward rates to remain unchanged until end of 2016, by Nazim Alom, Associate.
• International: Conduct of business in inclusive insurance, by Nazim Alom, Associate.
• UK: Enterprise Bill – new legislation in relation to late payment of claims, by Ashleigh Williamson, Professional Support Lawyer.

2. Court cases and arbitration

• New Zealand: Christchurch earthquakes – the courts consider the meaning of “physical loss or damage” to property, by Brendan McCashin, Special Counsel.

3. HFW publications and events

• UK: John Barlow and Richard Spiller present at Generali’s Financial Lines Training and Strategy Conference in Rome.
• Latin America: HFW to attend FIDES LatAm insurance conference in Santiago, Chile from 26 to 28 October.
• Hong Kong: Competition law update: Draft Leniency Policy, October 2015, by Caroline Thomas, Senior Associate, and Vincent Liu, Partner.
• Middle East: HFW nominated as finalist for “Law Firm of the Year” award at the 2nd Middle East Insurance Industry Awards.

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.