Publication
Mission impossible? Teresa Ribera’s mission letter and the future of EU merger review
Executive Vice President Vestager’s momentous tenure as Commissioner responsible for EU competition policy is nearing its end.
Global | Publication | May 2020
Insurers have a far more sophisticated understanding of climate risks than many other industry sectors – insurers have been using tools to predict weather-related disasters for decades and they are exposed to claims whenever there is a climate-related event. The insurance industry is in a unique position in relation to the changing environment as insurers not only pay claims to indemnify insureds for climate-related damage, they also fund the economy through their significant investment portfolios. However the insurance industry is entering a new phase in terms of its response to climate change. Regulatory bodies are asking questions about what actions should be taken by insurance companies to plan for the changing environment. Insurers need to take a strategic approach to climate risks across all aspects of their business; this will require a holistic policy incorporating the management of assets, scrutiny of existing business being written for potential climate exposures and an awareness of potential personal liability at senior management and board level.
In this environment, we have chosen to write a series of briefings on the legal issues that insurers face in the context of the changing environment. These briefings are aimed at the directors and senior managers of insurance companies as well as those with responsibility for managing investment portfolios, underwriting, claims, risk management and legal and regulatory compliance. We will set out a view of the risks that insurance companies face, both in terms of the developing regulatory environment but also in terms of the identification of hidden exposure to climate risks and the changing claims environment.
In the briefings we cover the following topics:
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Publication
Executive Vice President Vestager’s momentous tenure as Commissioner responsible for EU competition policy is nearing its end.
Publication
On November 28, 2023, the European Commission (EC) adopted its first list of Projects of Common Interest (PCIs), i.e., projects within the EU territory, and Projects of Mutual Interest (PMIs), i.e., projects connecting the EU with other countries, including 166 projects implementing the European Green Deal.
Publication
The Securities and Futures Commission (SFC) and the Stock Exchange of Hong Kong Limited (SEHK) issued a Joint Statement on 18 October 2024 in relation to an enhancement in the timeline for the IPO1 application process (Enhanced Application Timeframe) by new listing applicants (the Applicants), taking effect immediately.
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