Legal

The first day of High Court proceedings saw the regulator lay out its arguments on behalf of policyholders.

The Irish entity created for Brexit seeks authorisation on the island.

The conduct regulator plans to align the deadlines with that for the “fit and proper” assessments.

The archipelago has largely escaped the virus but has been subject to all the same lockdown measures.

The ACPR edict adds pressure on Scor and Covea.

In a joint defence, eight carriers in the High Court case reject FCA’s interpretation of proximate cause.

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.

The regulator says that the losses were caused by a “jigsaw” of events that should be considered as a whole.

The FCA said in its skeleton argument that the government’s instructions amounted to an imposition or order.

DXC’s Xchanging backs down from rules that appeared to put the kibosh on any placement that had Cuban or Iranian exposure.

Insurers involved in the Financial Conduct Authority (FCA)’s test case for BI disputes have contested the regulator’s assertion that the Covid-19 outbreak was the proximate cause of insureds’ losses.

The settlement prevents insurers from pegging claims developed over years of exposure to a reinsurance policy year of their choosing.