Legal
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This week the team looks at the final throes of lawsuit activity connected to Irma claims and new entries into the A&H sector.
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The legacy carrier opens for business after a regulatory rubber stamp.
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The FCA maintains that losses should be compared to a normal trading environment.
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The first day of High Court proceedings saw the regulator lay out its arguments on behalf of policyholders.
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The Irish entity created for Brexit seeks authorisation on the island.
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The conduct regulator plans to align the deadlines with that for the “fit and proper” assessments.
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The archipelago has largely escaped the virus but has been subject to all the same lockdown measures.
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The ACPR edict adds pressure on Scor and Covea.
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In a joint defence, eight carriers in the High Court case reject FCA’s interpretation of proximate cause.
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Lloyd’s brush with aviation asphyxia highlights how its elaborate ecosystem, including an extensive use of outsourced suppliers, can make it vulnerable to sanctions clampdowns.
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The regulator says that the losses were caused by a “jigsaw” of events that should be considered as a whole.
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The FCA said in its skeleton argument that the government’s instructions amounted to an imposition or order.