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Legal Update

Global Corporate Insurance & Regulatory Bulletin

9 September 2013
Mayer Brown Legal Update

GLOBAL

  • Joint Forum publishes its consultation on the longevity risk transfer markets

UK/EUROPE

  • Europe – Increased use of aggregator websites
  • UK – Uncertainty amongst motor insurers of the Legal Aid, Sentencing and Punishment of Offenders Act (LASPO)
  • UK – Joint Forum publishes its consultation on the longevity risk transfer markets

US/AMERICAS

  • US – States Begin to Enact NAIC’s ORSA Model Act
  • US - Financial Stability Board Expands Guidance for Regulations for Global Systemically Important Insurers
  • US - New York Conforms to NAIC Insurance Holding Company System Regulatory Act
  • US - NY DFS Approves Certain Private Equity Firm Acquisitions in the Insurance Industry
  • US - Iowa Adopts NAIC Model Credit for Reinsurance Provisions
  • US - NAIC Summer 2013 National Meeting
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