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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.

 

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...

 

HTMLNew California Employment Laws Impose Additional Responsibilities On Employers
Marcia E. Goodman, Andrea M. Weiss, Ruth Zadikany, Lori A. Zahalka, John Zaimes; Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on October 31, 2014
Development: California Governor Jerry Brown has signed a series of bills aimed at increasing protections for California workers. Most notable are the implementation of a paid sick leave requirement in California and a new law that imposes statutory joint employer liability on companies that use...

 

HTMLNAIC Private Equity Issues (E) Working Group Continues Drafting of Additions to Financial Analysis Handbook for Regulatory Review of Acquisitions of Insurers
Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on November 11, 2014
In our Second Quarter 2014 Bulletin, we reviewed the efforts of the NAIC Private Equity Issues (E) Working Group (the “PEI Working Group”) to draft changes to the NAIC’s Financial Analysis Handbook to provide additional guidance for state insurance examiners who review “Form...

 

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...

 

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.

 

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...

 

HTMLEU-US Insurance Dialogue Project Publishes Revised “Way Forward” Document
Mayer Brown LLP;
Legal Alert/Article
December 2, 2014, previously published on November 11, 2014
Since 2012, the US Federal Insurance Office (“FIO”), the European Commission (“EC”), the European Insurance and Occupational Pensions Authority (“EIOPA”) and EU Member State national regulators have engaged in an insurance dialogue project to increase mutual...

 

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...

 


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