Home Knowledge (Re)Insurance News – February 2012

(Re)Insurance News - February 2012

February 29, 2012

Welcome to the latest issue of (Re)Insurance News.  In this issue we look at the recently announced Central Bank of Ireland priorities for 2012. We also look at the data protection challenges that the new fitness and probity regime may give rise to, as well as the concept of a “vulnerable consumer” which was introduced by the revised Consumer Protection Code.

Our colleagues in our Tax Department highlight the new reporting requirements for life companies. We also include a piece on P&I clubs given the role that they may play in the context of the Costa Concordia disaster, as well as a feature length article on some legal aspects of the ongoing Eurozone crisis

Finally, a few reminders for your diary:

  • 1 March 2012 is the date from which individuals who occupy in controlled functions (CF’s) for the first time become subject to the new fitness and probity regime
  • 31 March 2012 is the date by which companies must certify the adequacy of their due diligence in respect of their current pre-approval controlled functions (PCF’s) generally this should be certified by the CEO
  • 19 April 2012 – we are hosting a breakfast briefing on recent caselaw that impacts on the Irish (re)insurance sector.  You can register through the events section of our website.

To view the articles, please click the relevant link below: