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A new regulatory and tax regime for insurance linked securities (ILS) in the UK will come into force in the autumn, the government has announced, as it published the regulations that will govern the new regime. 25 Jul 2017
The Lloyd's of London insurance market has set out the principles that will guide its actions in the event of a "market-turning" catastrophic event. 24 Jul 2017
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.
The EU's Solvency II Directive came into force on 1 January 2016. The directive consolidates and harmonises existing EU insurance directives including life and non-life directives, the reinsurance directive and various others.
This guide is based on UK law. It was last updated on 1st April 2008.
LEGAL UPDATE: It will be easier for EU insurers and reinsurers to conduct reinsurance business in the US and for US businesses to do business in the EU when a bilateral agreement is signed in the coming weeks. 21 Jul 2017
ANALYSIS: The nature and effects of the recent terrorist attacks in London and Manchester are broadening the industry's understanding of terrorism insurance, and could result in a permanent shift away from policies based on damage to property. 15 Jun 2017
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