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Document(s) published by this organization: 344


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HTMLUpdate on Captive Reserve Framework Implementation
Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on November 11, 2014
As reported in our Second Quarter 2014 Global Corporate Insurance & Regulatory Bulletin, the NAIC has made significant progress in addressing reserve financing issues, particularly those relating to the use of captive reinsurers for so-called AXXX and XXX reserve financing transactions. On...

 

HTMLThe NAIC Process for Developing and Maintaining the NAIC List of Qualified Jurisdictions for Certified Reinsurers
Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on November 11, 2014
In 2011, the NAIC Credit for Reinsurance Model Law and Regulation were amended to reduce the collateral requirements for certain unauthorized reinsurers. Prior to the amendments, reinsurers that were not authorized or accredited in the cedant’s domiciliary jurisdiction were generally required...

 

HTMLCADE Issues New Regulation on Associative Agreements
Eduardo Molan Gaban; Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on November 7, 2014
On November 4, 2014, the Official Gazette ("Gazette") published CADE Resolution No. 10/2014, which establishes the hypotheses of Associative Agreements (provided in Art. 90, item IV, Law No. 12.529 / 2011) subject to the Administrative Council for Economic Defense’s...

 

HTMLEIOPA Updates Risk Dashboard-September 2014
Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on November 11, 2014
On September 19, 2014, the European Insurance and Occupational Pensions Authority (“EIOPA”) published an updated version of its risk dashboard (EIOPA-FS-14/083) (dated September 17, 2014), which takes the form of a presentation.

 

HTMLEU Legislation Facilitates Antitrust Damages Litigation
Kiran S. Desai, Julian Ellison, Nathalie Jalabert Doury, Robert Klotz, Jens Peter Schmidt; Mayer Brown International LLP;
Legal Alert/Article
December 2, 2014, previously published on November 10, 2014
Today's sign-off from the national governments in the EU is the final substantive step towards adoption by the EU of legislation on antitrust damages actions.

 

HTMLA Second Effort to Establish a National Association of Registered Agents and Brokers (NARAB II)
Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on November 11, 2014
A provision in the federal Gramm-Leach-Bliley Act of 1999 (“GLBA”) provided for the creation of a National Association of Registered Agents and Brokers (NARAB), a nonprofit organization, to administer the licensing of insurance agents and brokers (referred to generically as...

 

HTMLGerman Insurance Market—Can a Corporation Seek Recourse from Its Management for a Fine Imposed on It?
Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on November 11, 2014
Criminal and regulatory offences committed by a corporation can lead to massive penalties, in particular in case of cartel law infringements. If the cartelist participated in the cartel due to a wrongful act or omission of its management—whether the management actively participated in the...

 

HTMLProvisional Version of European Commission’s Adopted Solvency II Delegated Regulation
Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on November 11, 2014
On October 10, 2014, the European Commission published a provisional version of the text of a Delegated Regulation it has adopted supplementing the Solvency II Directive (2009/138/EC). It also published provisional versions of the 26 Annexes to the Delegated Regulation on its Solvency II webpage,...

 

HTMLNAIC Group Solvency IssuesWorking Group to Revise the Model Holding Company Act to Add Provisions Regarding “Group-Wide Supervision of Internationally Active Insurance Groups”
Mayer Brown LLP;
Legal Alert/Article
November 28, 2014, previously published on November 11, 2014
At the NAIC Spring National Meeting inMarch 2014, the Group Solvency Issues (E) Working Group (“GSIWG”) was tasked with considering whether amendments should be made to address issues that have arisen since the adoption of the 2010 amendments to the Model Insurance Holding Company...

 

Adobe PDFMarine Insurance Warranty Upheld
Bill Amos, Tow Lu Lim, Jenny W. Y. Yu; Mayer Brown JSM;
Legal Alert/Article
November 15, 2014, previously published on October 29, 2014
A marine insurance dispute that ascends to Hong Kong’s Court of Final Appeal is both a rarity and a matter of international legal interest, given that Hong Kong’s statute is in identical terms to the UK’s seminal Marine Insurance Act 1906. The case in question, Hua Tyan...

 


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