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The US Treasury and US Trade Representative (USTR) will be seeking "recognition of certain prudential measures" from the EU as part of negotiations for a covered agreement on insurance, according to an announcement. 25 Nov 2015
Flood insurance scheme Flood Re is "on track" to accept its first policy in April 2016 after securing its first £1.29 billion worth of reinsurance cover, it has announced. 23 Nov 2015
This guide is based on UK law. It was last updated on 1st April 2008.
Part VII of the 2000 Financial Services and Markets Act (FSMA) sets out the statutory mechanism allowing insurers and reinsurers to transfer portfolios of insurance business from one entity to another, subject to court approval.
FOCUS: Commercial insurers should work together to ensure that their corporate customers can respond to claims related to environmental damage quickly while preserving their own rights to apportion liability. 11 Nov 2015
The global cyber insurance market is at a "turning point", an expert has said, because the costs of cyber attacks and security breaches have reached a level that business cannot ignore. 16 Sep 2015
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