Legal
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The settlement prevents insurers from pegging claims developed over years of exposure to a reinsurance policy year of their choosing. -
The regulator says it is reasonable to rely on Imperial and Cambridge models as a form of evidence.
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The insurance industry's early victory could set a precedent for the many pandemic-related disputes in train.
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Expert testimony will be needed on vicinity point if FCA opts not to amend its original argument by Friday.
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Assessments of how closely UK rules mirror those of the bloc look set to remain mired in politics.
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The latest damaging D&O loss comes as the market hardening continues to accelerate.
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The campaign group wins the right to intervene in the key BI Covid-19 action.
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The PRA and the FCA will have to pay heed to the cumulative effect of regulation on business as part of upcoming changes.
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In robust arguments carriers dispute the causation of losses and the nature of specific wordings.
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The group claims policyholders are not represented in the regulator’s legal action.
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The dispute stems from a massive oil spill when the Bahamas-registered vessel sank in 2002.
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The Irish central bank finds Rory O'Connor "knowingly and actively" under-reserved and gave false information to the supervisor.
