News

Law & regulation

EIOPA appoints Dutch central banker as chair

The European Insurance and Occupational Pensions Authority (EIOPA) has named a new chair.   28 May 2021

Law & regulation

MAS kicks off consultation on revised corporate governance guidelines

The Monetary Authority of Singapore has launched a consultation on proposed revisions to the guidelines on corporate governance for re/insurers, captives and other financial institutions incorporated in Singapore.   25 May 2021

Law & regulation

Tennessee passes insurance data security law to address growing cyber threat

Tennessee Governor Bill Lee has signed the Insurance Data Security Law that will give buyers of insurance in the state new protections for their personal, medical and financial information.   24 May 2021

Law & regulation

Vermont signs new legislation to strengthen its captive oversight

Vermont’s Governor Phil Scott has signed new legislation into law designed to strengthen the state’s captive insurance regulation regime.   21 May 2021

Law & regulation

IRS interpretation of Anti-Injunction Act “tyrannically unconstitutional”: CIC Services

Sean King, the general counsel at CIC Services, has praised the US Supreme Court’s decision to allow a challenge to the Internal Revenue Service’s (IRS) Notice 2016-66, arguing the Anti-Injunction Act would be “tyrannically unconstitutional” if it gave the IRS carte blanche to enforce illegal regulations.   18 May 2021

Law & regulation

US Supreme Court decision sets up showdown over legality of Notice 2016-66

The US Supreme Court has ruled in favour of CIC Services in its ongoing dispute with the Internal Revenue Service regarding micro captives and the legality of Notice 2016-66, setting the stage for a showdown that could potentially see the IRS Notice enjoined.   17 May 2021

Law & regulation

DWF names partner to lead its non-contentious insurance advisory practice

DWF, the global provider of integrated legal and business services, has appointed Jonathan Drake as a partner to head up its non-contentious insurance advisory practice in London.   14 May 2021

Law & regulation

Washington state approves revenue-raising captive framework

Washington state Governor Jay Inslee has signed legislation that creates a framework for captive insurers doing business in the state.   13 May 2021

Law & regulation

RSG Transactional Risks Europe poaches lawyer from Eversheds

Ryan Specialty Group has expanded the underwriting capabilities of RSG Transactional Risks Europe (RSG TRE) by hiring Ulrich Schiener.   29 April 2021

Law & regulation

Clifford Chance names heads of its global insurance group in New York and London

Clifford Chance has appointed partners Ashley Prebble in London and Gary Boss in New York as co-heads of its global insurance group.   27 April 2021

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