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Hong Kong Regulatory Insurance Update April 2023
In this April 2023 edition of Regulatory Insurance Update, the Hong Kong Corporate & Commercial Team provide the latest updates relating to the law and regulations, developments, and news in the insurance industry in Hong Kong.
Hong Kong Regulatory Insurance Update March 2023
In this March 2023 edition of Regulatory Insurance Update, the Hong Kong Corporate & Commercial Team provide the latest updates relating to the law and regulations, developments, and news in the insurance industry in Hong Kong.
Kennedys continues Legal 500 success with 2023 EMEA rankings
The Legal 500 EMEA 2023 has once again recognised Kennedys as a leading firm across the region.
Hong Kong Regulatory Insurance Update February 2023
In this February 2023 edition of Regulatory Insurance Update, the Hong Kong Corporate & Commercial Team provide the latest updates relating to the law and regulations, developments, and news in the insurance industry in Hong Kong.
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.
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.
Rewriting the risk: Addressing the challenge of climate change
Our latest global report finds that the insurance industry has a central role in building wider understanding about climate-related risks and in mitigating against those risks.
Overview of Insurance & Reinsurance Laws and Regulations in Australia
In this publication, Kennedys experts answer a series of questions relating to Australian Insurance and Reinsurance Laws and Regulations and identify common issues, including regulatory authorities and procedures, (re)insurance claims, litigation and arbitration.
Regulatory Update Latam: “New Practices, New Laws-the year of Globalization”
2021 was a very busy year in terms of regulatory updates within many of the Latin American insurance legal systems as reported in our previous article published last November. As technology advances and communication is ever more rapid, many countries in Latin America are trending towards the globalization of their (re)insurance markets by way of promoting clearer legal frameworks and inclusion of wider and more international market practices into their local Insurance and Reinsurance regulations.
Insurance subrogation: common law vs roman law perspective
One important issue which normally arises in commercial contracts, with important repercussions on Policies Coverage, is clauses which limit or even exclude a party’s liability.