LexisNexis
lslaw

Co-Chair
Anne
Buhl Bjelke

Co-Chair
Anthony Perotto

Insurance Committee

Insurance is present in every facet of commercial, industrial and private life. Lawyers practising in many different fields encounter insurance and its problems and can greatly benefit from the knowledge which membership of this committee provides.

About the Committee

Insurance is present in every facet of commercial, industrial and private life. Lawyers practising in many different fields encounter insurance and its problems and can greatly benefit from the knowledge which membership of this Committee provides.

The Committee aims to provide its members, and the Division as a whole, with information about developments in insurance and reinsurance law and markets throughout the world as well as with specialist knowledge to assist in the efficient solution of practical insurance problems. New insurance products are also brought to the attention of members.

Forthcoming conferences and webinars View All Conferences

EIOPA considers the application of the EU Insurance Distribution Directive

The EU has produced two recent publications on the Insurance Distribution Directive concerning distribution of insurance products, on the application of the IDD and other on sanctions. This article highlights recent developments in the operation and regulation of insurance intermediaries within the European Union.

Released on Aug 09, 2022

Ireland awaits the new EU Insurance Recovery and Resolution Directive

A new recovery and resolution framework for EU failing insurers and reinsurers is making progress, and is scheduled to be implemented by EU Member States by the end of 2024. The new framework (IIRD) includes regulatory tools to deal with distressed insurers such as solvent run-off, sale of the business, bridge undertaking, asset and liability separation and ‘bail-in’ (write-down and conversion).

Released on Aug 09, 2022

SUSEP Resolution 407/2021: freedom for parties to negotiate contract terms for large-risk insurance in Brazil

The highly anticipated SUSEP Resolution 407/2021 allows parties to negotiate contract terms freely for large-risk insurance in Brazil, instead of being bound to use the template wording created by the regulator.

Released on Jul 27, 2022

Transfers of significant holdings in a Spanish insurance brokerage: the new regime

The Royal Decree-Law 3/2020 of 4 February 2020 has transposed insurance distribution (IDD) in Spain, establishing a control regime for acquisitions of significant holdings in insurance brokers. The new regime is similar to the now repealed Law 26/2006 of 17 July 2006. This article outlines the new law’s main features and penalties.

Released on Jul 27, 2022

Subcommittees and other groups

The Insurance Committee also coordinates the activities of the following subcommittees/working groups.

  • Insurance Regulation Subcommittee