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16 Jul 2022, 5:36 am by Mark S. Humphreys
The above statute is discussed in a 1969, San Antonio Court of Appeals opinion styled, Prudential Insurance Company of America v. [read post]
5 May 2022, 2:46 am by Laura Hodgson (UK)
The Prudential Regulation Authority (PRA) has launched the 2022 Insurance Stress Test (IST). [read post]
2 May 2022, 1:37 am by Nikolai de Koning
This could lead to (and already lead to) trust offices entering into employment contracts with multiple companies to manage these companies and to remain outside the scope of the Wtt 2018. [read post]
28 Apr 2022, 5:04 pm by Philip N. Yannella and Doris Yuen
  Cyber Incident Reporting for Critical Infrastructure Act of 2022 Entities in a critical infrastructure sector (including those in the financial services sector, such as certain depository institutions, insurance companies, and financial services companies). [read post]
However, in response to demands from investors and other stakeholders, many banks, asset managers and insurance companies have voluntarily made climate disclosures in their sustainability or environmental, social and governance (ESG) reports or other public materials. [read post]
20 Apr 2022, 9:38 am by Laura Hodgson (UK)
For insurance companies, the strategy will focus on reform of Solvency II, stress testing and internal models in addition to issues specific to the life or general insurance sector. [read post]
4 Mar 2022, 12:30 pm by John Ross
Did Liberty Insurance—the team's insurer—have a duty to defend those lawsuits and pay expenses incurred in investigation? [read post]
On 3 March 2022, the UK Government further announced that Russian companies in the aviation or space industry will be prevented from making use of UK-based insurance or reinsurance services directly or indirectly. [read post]
3 Mar 2022, 4:08 am by Laura Hodgson (UK)
At a Norton Rose Fulbright-hosted event, Executive Director of insurance at the Prudential Regulation Authority (PRA), Charlotte Gerken, set out her priorities for the insurance sector in 2022. [read post]
At the same time such MAGs may carry out via subsidiary companies a range of financial services, including payments and lending services. [read post]
17 Jan 2022, 1:28 am by Laura Hodgson (UK)
Insurance company boards should have a clear understanding of exposure to credit downgrades and defaults and the ability to recover resulting losses. [read post]
10 Jan 2022, 1:36 pm by Kevin LaCroix
  The Underlying Appraisal Action Stillwater Mining Company is a mining company organized under Delaware law and based in Montana. [read post]
7 Jan 2022, 8:55 pm by Simon Lovegrove (UK)
The FCA notes that as part of the Financial Services Act 2021, Parliament legislated to extend the Undertakings for the Collective Investment in Transferable Securities (UCITS) exemption in The Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation (as enacted in retained EU law) by 5 years – from 31 December 2021 to 31 December 2026. [read post]
29 Dec 2021, 12:00 pm by Kevin LaCroix
  The implications for insurers D&O insurers should assess the climate-related risks to insureds based on governance issues, continuous disclosure obligations and the insured’s interactions with institutional investors. [read post]
8 Dec 2021, 11:27 am by CFM Admin
This update includes the following: Annual Compliance & Other ItemsAnnual Fund MattersAnnual Management Company MattersRegulatory & Other Items from 20212022 Compliance Calendar**** Annual Compliance & Other Items Annual Privacy Policy Notice. [read post]
8 Dec 2021, 7:27 am by CFM Admin
This update includes the following: Annual Compliance & Other ItemsAnnual Fund MattersAnnual Management Company MattersRegulatory & Other Items from 20212022 Compliance Calendar**** Annual Compliance & Other Items Annual Privacy Policy Notice. [read post]
3 Dec 2021, 9:49 am by Kristian Soltes
” The Yellen-chaired Working Group’s report called on congress to pass legislation to “ensure that payment stablecoins are subject to appropriate federal prudential oversight on a consistent and comprehensive basis. [read post]