Industry Segments: Legal/Regulatory Page 24 / 90
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- July 26 2021
Aon to pay Willis Towers Watson US$1bn break fee as merger abandoned
Aon's CEO Greg Case cites "impasse" with US DoJ as antitrust trial loomed.
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- July 26 2021
Korea’s FSC gives three insurers more room to play in regulatory sandbox
Toss, DB and NongHyup Life Insurance to enjoy greater flexibility for online sales and marketing.
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- July 19 2021
APRA asks general insurers to self-assess amid BI concerns
The regulator wants insurers to review the soundness of their risk management frameworks.
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- July 7 2021
Aon/WTW: US judge schedules trial for November
District judge Reggie Walton blamed a backlog of cases from the pandemic.
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- July 5 2021
Aon/WTW: New Zealand regulator further delays decision date
The antitrust watchdog has extended the M&A approval deadline for a third time.
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- July 5 2021
Malaysia plans RBC changes for (re)insurers and takaful firms
The central bank wants to update frameworks to make capital adequacy measures more consistent.
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- July 1 2021
Reforms target Australia’s ‘absurd’ D&O rates
Senate bill aims to curb class-actions as premiums for PLCs tripled in 2020.
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- June 29 2021
Aon/WTW: Singapore antitrust watchdog plans ‘further review’
The CSSS has identified executive compensation consulting as an area for closer scrutiny.
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- June 28 2021
Aon wants August trial as US DoJ challenges WTW merger
Aon's lawyers tell the Antitrust Division a February 2022 trial is a "nonstarter".
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- June 25 2021
Australia’s High Court rejects ICA’s BI appeal
Insurers face billions in claims but a second test case is already underway.
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- June 25 2021
Japan, US insurance regulators discuss climate and Covid
The Insurance Regulatory Dialogue brings together regulators from the FSA and NAIC.
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- June 24 2021
Zurich handed Hong Kong life licence
The new structure is overseen by chief executive Geoffrey Au.
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- June 23 2021
CBIRC to increase oversight of insurance execs’ qualifications
The new regulations will come into force on July 1, 2021.
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- June 22 2021
Aon/WTW falls foul of antitrust’s golden rule
US competition watchdogs will always be wary of any "Big Three" merger.
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- June 21 2021
Pakistan regulator drafts framework for digital and microinsurers
The draft rules aim to help reduce minimum paid-up capital requirements.
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- June 18 2021
Bangladesh pushes for more insurers to go public–report
Local insurance companies have been granted exemptions from certain IPO rules.
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- June 18 2021
US DoJ files antitrust lawsuit to block Aon/WTW merger
Brokers say action reflects a "lack of understanding" of the market.
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- June 18 2021
CBIRC drafts rules to constrain shareholder behaviour
The rules seek to improve governance and strengthen supervision at banks and insurers.
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- June 17 2021
MAS reprimands AIA, Aviva and Prudential for regulatory breaches
The SG regulator cited numerous failings around risk management and remuneration.
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- June 17 2021
Axa’s €300m BI offer won’t fly down under
Australia is by far the most amenable jurisdiction to class actions in Asia.
