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Jan 16, 2025 | 
williamfry.com | Daniel Gannon |Martha Ní Dhochartaigh |Ashley Hennessy |Eoin Caulfield
The Central Bank of Ireland (Central Bank) published its final quarterly Insurance Newsletter for 2024 (Newsletter). The Newsletter contains several important updates for Irish (re)insurers, including the Central Bank’s supervisory priorities for 2025 and its revised guidance on outsourcing. The Central Bank’s new supervisory framework will take effect in 2025 and aims to achieve a more integrated approach to supervision.
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Oct 17, 2024 | 
mondaq.com | Ian Murray |Martha Ní Dhochartaigh
WF
William Fry
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William Fry is a leading full-service Irish law firm with over 310 legal and tax professionals and 460 staff. The firm's client-focused service combines technical excellence with commercial awareness and a practical, constructive approach to business issues. The firm advices leading domestic and international corporations, financial institutions and government organisations.
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Oct 16, 2024 | 
williamfry.com | Martha Ní Dhochartaigh |Conor Beirth |Ashely Hennessy
On 31 July 2024, the High Court delivered its judgment in the case of CBL Insurance Europe DAC (In Liquidation) v Insurance Act 1936 [2024] IEHC 484. The judgment deals with a number of important considerations in the winding up of an insurance undertaking, including the treatment of insurance claims and insurance policies during this process.
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Oct 16, 2024 | 
lexology.com | Eoin Caulfield |Ian Murray |Martha Ní Dhochartaigh |Conor Beirth
On 31 July 2024, the High Court delivered its judgment in the case of CBL Insurance Europe DAC (In Liquidation) v Insurance Act 1936 [2024] IEHC 484. The judgment deals with a number of important considerations in the winding up of an insurance undertaking, including the treatment of insurance claims and insurance policies during this process.
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Aug 19, 2024 | 
williamfry.com | Cassandra Byrne |Martha Ní Dhochartaigh |Ashely Hennessy |Eoin Caulfield
On 4 June 2024, EIOPA issued its final report, which contained its advice to the European Commission (Commission) on greenwashing risks and the supervision of sustainable finance policies (Report).
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Apr 17, 2024 | 
mondaq.com | Martha Ní Dhochartaigh |Eoin Caulfield |Ian Murray |Catherine Carrigy
The Commission Delegated Regulation (EU) 2024/896 revising
regulatory technical standards (the Delegated Regulation) was
published in the Official Journal of the European Union on 20 March
2024.
The Delegated Regulation will increase the set base euro amounts
for professional indemnity insurance (PII) and the
required financial capacity for intermediaries specified in the
Insurance Distribution Directive (EU) 2016/97)
(IDD).
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Apr 8, 2024 | 
williamfry.com | Martha Ní Dhochartaigh |Ian Murray
The Commission Delegated Regulation (EU) 2024/896 revising regulatory technical standards (the Delegated Regulation) was published in the Official Journal of the European Union on 20 March 2024. The Commission Delegated Regulation (EU) 2024/896 revising regulatory technical standards (the Delegated Regulation) was published in the Official Journal of the European Union on 20 March 2024.
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Apr 8, 2024 | 
lexology.com | Eoin Caulfield |Ian Murray |Catherine Carrigy |Martha Ní Dhochartaigh
The Commission Delegated Regulation (EU) 2024/896 revising regulatory technical standards (the Delegated Regulation) was published in the Official Journal of the European Union on 20 March 2024. The Commission Delegated Regulation (EU) 2024/896 revising regulatory technical standards (the Delegated Regulation) was published in the Official Journal of the European Union on 20 March 2024.
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Dec 12, 2023 | 
williamfry.com | Martha Ní Dhochartaigh
The Central Bank of Ireland’s Individual Accountability Framework (IAF) for relevant regulated financial firms takes effect on a phased basis from 29 December 2023. As a result of the new framework, persons in key functions within regulated firms will face greater personal exposure. In this article, we examine how corporate indemnities and D&O insurance may assist in mitigating these new personal risks.
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Dec 7, 2023 | 
williamfry.com | Eoin Caulfield |Catherine Carrigy |Martha Ní Dhochartaigh
A new European framework for financial services contracts concluded at a distance has recently been finalised. It is set to bring about significant reforms for financial services concluded online, via telephone or through other forms of remote marketing. An extensive set of new provisions, in the form of a directive, was adopted in October 2023 by the European Council.
