HFW Insurance Bulletin 07 July 2016

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

• France: Energy – enactment of the law on the ‘blue economy’ on 20 June 2016. New insurance regime for Marine Renewable Energy Installations.
• France: Draft law to allow ACPR to supervise the prudential transfer of an insurance company portfolio.

2. Market developments

• Latin America: Lloyd’s opens Colombian office.

3. Court cases and arbitration

• England & Wales: Court allows amendments to statement of case after the limitation period has expired in order to correct the description of the defendant Lloyd’s syndicates – Mr Danny Maman (trading as Fine Watches and Jewellery) v Certain Lloyd’s Underwriters.

4. HFW publications and events

• HFW hosts the “Deutscher Anwaltsverein” (German Bar Association).

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.