Global Insurance Bulletin: Corporate Update - August 2012
Welcome to the second of our global bulletins keeping you up to speed with corporate insurance developments and market news from around the globe.
GLOBAL
Entering new insurance markets
The map of the insurance world is changing rapidly, with re/insurance businesses looking further afield for opportunities - whether that means investing in emerging markets, or looking for new opportunities in the mature economies.
As a result, we have compiled a brief introduction – outlining the essential information around regulatory authorisation, capital requirements and the ability to do business – for various markets in Asia, Europe, Latin America, Middle East, North America and Russia.
To request a copy of the full report, please click here.
Global M&A report
Following on from our 2009-2011 report we will be launching our new 2012 Global M&A Report at the Rendez-vous de Septembre in Monte Carlo. The report is based on data supplied for completed transactions between June 2011 and June 2012 by Thomson Reuters. Our corporate insurance specialists around the world have put together a review of key trends and activity in their regions.
EUROPE
Insurance transfers in Europe
Clyde & Co has produced a new book looking at some of the procedures available for transferring insurance portfolios across Europe. The book, edited by Geraldine Quirk in our London office, contains contributions from lawyers in a host of jurisdictions including: Belgium, Denmark, France, Germany, Ireland, Italy, The Netherlands, Portugal, Spain, Sweden, and the UK.
To obtain a free copy of the book, please click here to download an order form.
Solvency II Implementation – Hurry up and wait
A sense of frustration over the anticipated implementation of Solvency II has been growing within the UK insurance market. Having spent considerable amounts of time and money preparing for the new regime, the insurance industry can easily be forgiven for this, not least due to the uncertainty regarding the key questions around exactly when and how the implementation will happen.
Read more.
MIDDLE EAST & NORTH AFRICA
A reprieve for UAE composite insurers
Article by James O'Shea, partner and Allison Beirne, associate, in our Dubai office on the "three year solvency reprieve" for UAE insurance companies carrying on composite business (life and non-life) within the same corporate entity.
Read more.
The Saudi Arabian Cooperative Insurance Market: The Premier League of Islamic Insurance?
Article by Peter...
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