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Enhancing the insolvency tools for insurance companies

In July 2022, the UK government proposed two key changes to the existing insolvency arrangements in respect of insurance companies as part of a wider set of reforms to the existing Financial Services and Markets Act 2000...more

Artificial Intelligence in insurance – innovating in a world of increased regulation

The potential benefits of deploying artificial intelligence (AI) (and in particular, machine learning (ML) techniques) within the insurance industry have been the subject of much market discussion and increased focus over...more

Financial Services and Markets Bill - Big Bang 2.0, or more of the same?

On 20 July 2022, just before the UK Parliament’s summer recess, the long awaited Financial Services and Markets Bill (FSM Bill) was introduced to Parliament....more

India in focus

Earlier this year, the Insurance (Amendment) Act 2021 (the Act) came into force in India, allowing non-Indian investors to hold majority control in Indian insurance companies for the first time (subject to certain...more

Court of Appeal restates the legal principles applicable to the sanction of Part VII transfers of insurance businesses

The Court of Appeal has today upheld the joint appeals by The Prudential Assurance Company Limited (PAC) and Rothesay Life Plc (Rothesay) against Snowden J’s refusal to sanction the transfer of a portfolio of annuities from...more

Directors’ liability D&O: Entering uncharted territory

Welcome to this the fifth edition in our series of surveys on directors’ liabilities, brought to you by the international law firm Allen & Overy LLP and the global advisory broking and solutions company Willis Towers Watson....more

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