UK ends loyalty penalties on home and motor insurance
The UK’s financial watchdog has decided to end so-called loyalty penalty on home and motor insurance, following years of complaints.…
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Law, regulation and tax
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Law, regulation and tax
CFC secures Lloyd’s in-principle nod to set up new syndicate
Specialty insurance underwriter CFC has secured the in-principle clearance from Lloyd’s of London to set up CFC Syndicate 1988. The…
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India to hike insurance FDI limit to 74%
Update: 23 March 2021 The Insurance (Amendment) Bill, 2021, which has been cleared by the Lok Sabha on 22 March,…
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US court favour Lloyd’s underwriters in trial over Covid loss payouts
A state court in the US has ruled in favour of Lloyd’s of London insurers in a lawsuit filed by…
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ACCC raises antitrust concerns over Aon’s $30bn bid for Willis Towers Watson
Australian Competition and Consumer Commission (ACCC) has raised antitrust concerns over Aon’s $30bn bid for Willis Towers Watson. In March…
By EU to investigate Aon’s proposed merger with Willis Towers Watson
The antitrust regulator of the European Union, is reportedly set to launch a full-scale investigation into Aon’s $30bn bid to…
By Lloyd’s Brexit transfer secures UK High Court’s nod
Lloyd’s of London has secured final approval from the High Court of England and Wales to transfer its European business…
By Travelers emerges victorious in lawsuit involving US hamburger restaurant
US-based property casualty insurance firm Travelers Casualty Insurance Company of America has reportedly won a business interruption lawsuit filed in…
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