International Trade Insurance General Business

Read need-to-know updates, commentary, and analysis on International Trade issues written by leading professionals.
News & Analysis as of

Overriding Interest - Winter 2015

What Price Heritage? In April this year English Heritage split into two organisations. English Heritage, now a self funding charity, assumed responsibility for the national collection of over 400 historic properties. The...more

NAIC Report: 2015 Fall National Meeting

The National Association of Insurance Commissioners (NAIC) held its 2015 Fall National Meeting from November 17 through November 22 at National Harbor, Maryland. Notwithstanding the gigantic size of the Gaylord National...more

Commission discusses insurance sector

Commission Director General, Olivier Guersent, spoke on the Capital Markets Union action plan with particular attention to the Solvency 2 Delegated Act. Mr Guersent highlighted the main aspects of the Act as being the...more

Treasury and U.S. Trade Representative Notify Congress of Intent to Initiate Negotiations on Covered Agreement With EU Regarding...

On Friday, November 20, 2015, the U.S. Department of the Treasury and the U.S. Trade Representative (USTR) notified the chairs of the U.S. House Financial Services Committee, House Ways and Means Committee, Senate Banking...more

IAIS reports on regulation and supervision of Microtakaful

The Islamic Financial Services Board (IFSB) and IAIS have issued a joint paper on issues in regulation and supervision of Microtakaful (Islamic microinsurance)....more

Claims Management Company Discloses Possible FCPA Violations

On November 9, an Atlanta-based claims management firm, disclosed that it had reported possible FCPA violations to DOJ and SEC. The company discovered the possible violations during an internal audit and has since launched an...more

ESAs consult on PRIIPS KID

EBA, ESMA and EIOPA (the European Supervisory Authorities – ESAs) are consulting on draft RTS on the layout of the Key Information Document (KID) to be used under the Packaged Retail and Insurance-based Investment Products...more

EIOPA reports on Solvency 2 ITS

EIOPA has published its final report on its consultation on ITS setting out procedures for the application of transitional measures for calculating the equity risk sub-module under Solvency 2. The ITS provide guidance on the...more

IFSB consults on Retakaful principles

IFSB is consulting on an exposure draft on guiding principles on Retakaful (Islamic reinsurance). The draft identifies and sets forth a set of basic principles and best practices pertaining to Retakaful activities of both...more

Food and beverage industry target of new supply chain composition and disclosure suits. Are you covered?

As if risks relating to product recalls, product labeling, and food contamination were not enough, the food and beverage industry now faces potential liability in connection with the alleged composition of its global supply...more

EIOPA updates Solvency 2 reporting format

EIOPA has updated the Solvency 2 reporting package for the first submission obligations of at least the first and second financial quarters....more

EIOPA updates Solvency 2 documents

EIOPA has published its final reports on: - implementing technical standards (ITS) on Pillar 3 templates for the submission of information to the supervisory authorities...more

EIOPA modifies Solvency 2 term structures methodology

EIOPA has modified the methodology for calculating the relevant risk-free interest rate term structures for Solvency 2. EIOPA has decided to amend the methodology so that...more

Corporate and Financial Weekly Digest - Volume X, Issue 42

SEC/CORPORATE - ISS Releases 2016 Draft Voting Policy Changes for Comment - On October 26, Institutional Shareholder Services (ISS), a leading proxy advisory firm, released for comment draft voting policy changes...more

Commission requests risk advice from EIOPA

The Commission has written to ????? requesting further technical advice on the identification and calibration of other infrastructure investment risk categories under Solvency 2. ...more

Exchange International: Financial Services Regulation Newsletter - Issue 27

DLA Piper’s Financial Services International Regulatory Team welcomes you to the twenty-seventh edition of ‘Exchange – International’ – an international newsletter designed to keep you informed of regulatory developments in...more

President Obama directs key US agencies to prepare for sanctions waivers under the JCPOA

On October 18, 2015, President Obama published a memorandum to the Secretaries of State, the Treasury, Commerce, and Energy instructing them to prepare to implement the US’s commitments under the Joint Comprehensive Plan of...more

EIOPA reviews UFR methodology

EIOPA has announced a review of the methodology used to derive the ultimate forward rates (UFRs) when calculating the risk-free interest rate term structures for Solvency 2. ...more

Business Loss Insurance Coverage for Port Explosions in China

Massive explosions occurred at a warehouse in Tianjin, China, in August 2015, that left hundreds of people dead or injured and destroyed much of the city’s port facilities. Tianjin is located in the industrial north of China...more

Insurance Chain Reaction from the Tianjin Port Explosion

The recent Tianjin port explosion, like the 2011 Japanese earthquake and Thai floods, will lead to massive supply chain disruption. The impacted area included a high concentration of multinational and technology companies....more

Tax Policy Update

NUMBER OF THE WEEK: 10 percent. Rate of the one-time deemed repatriation tax on U.S. multinationals’ foreign earnings under GOP presidential candidate Donald Trump’s tax plan released Sept. 28. The revenue raised through...more

EP finishes Swiss Solvency 2 equivalence process

EP has updated its procedure file on the delegated act dealing with the equivalence of the solvency and prudential regime for insurance and reinsurance undertakings for Solvency 2 purposes....more

EIOPA speaks on Solvency 2 implementation

EIOPA Chairman Gabriel Bernadino spoke on “Solvency 2: What Can Go Wrong?”. He highlighted some areas of the regime which would need careful attention moving forward, including: - investment behaviour of insurers...more

EIOPA speaks on global insurance supervision

Gabriel Bernadino spoke on themes for insurance regulation which must be addressed globally to void future crises, including: - recovery and resolution in insurance...more

EIOPA issues Solvency 2 guidelines translations

EIOPA has published its second set of Solvency 2 guidelines translated into all official languages. These cover areas from all the three pillars (quantitative requirements; governance requirements; reporting and disclosure)....more

196 Results
View per page
Page: of 8

Follow International Trade Updates on:

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.