In this issue: UK – Update on the transition to the new regulatory regime; Europe – Solvency II update; Europe – EIOPA and FINMA enter into memorandum of understanding; US – EU-US insurance regulators issue joint draft report comparing certain aspects of the insurance supervisory and regulatory regimes in the EU and the US; US – New statute penalizes California insurers for Iran-related investments; Global – IAIS consultations; Global – Monte Carlo Rendez-Vous report – "It ain't over till it's over"; Hong Kong – New Companies Ordinance published

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