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Double hire and new commercial head for Kennedys IQ
Kennedys IQ, our technology and innovation arm, is bolstering its team with two new hires as it ramps up for growth.
Kennedys appoints new business development and marketing chief from Hogan Lovells to drive further growth
We have appointed a new chief business development and marketing officer. Karen Snell, formerly of Hogan Lovells where she worked for almost 20 years, will set the agenda for all activity, overseeing a network of more than 65 colleagues worldwide.
Kennedys appoints its first head of responsible business
We have appointed our first head of responsible business to help the firm achieve its ambitious sustainability goals. Kate Hursthouse is former senior manager for responsible business at Slaughter and May, where she spent the past 11 years developing and overseeing the firm’s work to integrate responsible business into the firm’s operations, as well as building its community, diversity and inclusion, and pro bono programmes.
Identifiable trends in LAC data protection legislation
While data protection legislation has existed throughout Latin America and the Caribbean since the early 2000s, the enactment of the European Union’s General Data Protection Regulation (GDPR) in 2018 triggered a wave of legislation in Latin America and the Caribbean, modeled after the protections and obligations enumerated within that landmark European law.
Kennedys appoints four partners across Latin America in annual promotions round
We are delighted to announce the appointment of four new partners in our latest annual round of promotions across Latin America.
Kennedys’ global partner count passes 300 as firm adds a further 20 in annual promotions round
We are delighted to announce the appointment of a further 20 partners in our annual round of promotions, taking the total to 316 worldwide.
New legal framework for foreign reinsurers and intermediaries in Ecuador
On Friday February 24, 2023, the Superintendence of Companies, Securities, and Insurance (SCVS) issued new provisions on the requirements that foreign reinsurers and reinsurance intermediaries must meet in order to obtain or maintain their license to do business in Ecuador from abroad.
Update on Argentinean Legal Framework for Payment of Reinsurance Premium
As part of the economic policies adopted by the Argentinean government, since 2021 the Argentinean Central Bank restricted the access to foreign currency in an attempt to contain the dwindling of their reserves and concerning devaluation levels. Such measures implemented in 2021 had of course an impact to the access of foreign currency for the payment of premiums in USD to international reinsurers that were actively undertaking Argentinean risks in reinsurance and retrocessions.
Insurance in the crypto space: the emerging international market for insuring NFTs with a focus on the Commonwealth Caribbean
NFTs have grown in popularity as sources of ownership and investment in an increasingly digital world, thanks in part to the many successful sales of NFTs by auction houses such as Christie’s and the Commonwealth Caribbean, is not to be left behind in any respect.
New reinsurance laws in Puerto Rico open the jurisdiction to the international (re)insurance market
Historically, jurisdictional insurance laws in the United States governing credit for reinsurance have required non-US reinsurers to post 100% collateral in the US for risks reinsured from US ceding insurers. Many international reinsurers complained about these collateral requirements which were deemed barriers for international trade and business.