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March 13 2018
Stefan Paulmayer FMA publishes new circulars concerning PRIIPS and remuneration policies

Austria - Schoenherr Attorneys at Law

The Financial Market Authority (FMA) recently published a new circular concerning key information documents for packaged retail and insurance-based investment products. The FMA had already published a revised version of its circular on sound remuneration policies and practices on January 19 2018.

Author: Stefan Paulmayer
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Lawrence R Hamilton Bipartisan Senate proposal seeks partial reversal of FHFA captive insurance exclusion

USA - Mayer Brown LLP

Certain captive insurers that lost or will lose membership in the US Federal Home Loan Bank (FHLB) system as a result of a 2016 rulemaking by the Federal Housing Finance Agency may get a reprieve under the Housing Opportunity Mortgage Expansion Act. A similar bill was also introduced in the House of Representatives. Significantly, the proposals provide only for the restoration of FHLB membership for captive insurers, not for new membership for those captive insurers that previously had no membership.

Authors: Lawrence R Hamilton, Jon D Van Gorp, Laurence Platt, Matthew Bisanz
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Recent updates

Carlos Ramos Miranda Insurance regulator updates rules for surety insurance contracts

Mexico - Hogan Lovells BSTL SC

Author: Carlos Ramos Miranda
Markus Dörig Supreme Court: scope of full and final settlement clause in insurance matters

Switzerland - BADERTSCHER Rechtsanwälte AG

Authors: Markus Dörig, Alexandra Bösch
Guy Shmueli Ministry of Finance eases requirements to obtain insurer's licence in Israel

Israel - Levitan, Sharon & Co

Author: Guy Shmueli
Margarida Lima Rego General good provisions: freedom of establishment and freedom to provide services

Portugal - Morais Leitão, Galvão Teles, Soares da Silva & Associados

Authors: Margarida Lima Rego, Nuno Sobreira
Geoffrey Maddock Brexit – PRA consults on approach to UK branches of incoming insurers

United Kingdom - Herbert Smith Freehills LLP

Authors: Geoffrey Maddock, Barnaby Hinnigan, Alison Matthews, Grant Murtagh
Kevin Bowers 'Insurtech' initiatives in Hong Kong

Hong Kong - Howse Williams Bowers

Authors: Kevin Bowers, Michael Withington
Shubhangi Pathak New guidelines on investment by private equity funds in insurers

India - Tuli & Co

Authors: Shubhangi Pathak, Priya Misra

Upcoming event

IBA - Insurance - Into the Unknown: Challenges and Opportunities

March 21-23 2018 – London, England

The IBA Insurance Committee Conference will bring together lawyers from the insurance and reinsurance industry and other professionals. It aims to address key issues that the sector will face in 2018, including in the corporate, regulatory and disputes areas of law.

For more details go to: