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The ruling of the English Court of Appeal in The Princess of the Stars that a "follow the settlements" clause in a reinsurance policy does not negate or impinge on the general rule that a stay of English court proceedings, should be granted only in rare and compelling circumstances.

Subrogation is the insurance law term used to refer to an insurer's right, after having paid a claim and having indemnified the insured, to take the place of the insured to recover the insured's loss from the responsible third party.

This article addresses some of the insurance and other liability considerations that all should be aware of so that they be in a position to recover for their losses.

Reinsurance arrangements in the Middle East often involve cross-border transactions, with the cedant based locally, and the reinsurer located in one of the traditional reinsurance centres of London, Munich, Zurich or Paris.

Last week a consultation paper for a potentially game-changing regulation for the UAE's life insurance industry, Circular No. (33) of 2016 (Life Regulations)...

BSA are often instructed by the London market for coverage advice pending disputes between cedant and reinsurers. Many of those treaty terms will be governed...

Handling disputes in a foreign jurisdiction can prove to be a challenge and more so in a unique jurisdiction like the UAE, which boasts different sets of laws for onshore and offshore (freezone) companies.

Insurance distribution in the Middle East has taken traditional form over the years, either through insurance brokerages or on a direct basis and to a limited extent through banks and agents.

On May 23rd, 2018, the United Arab Emirates ("UAE") Insurance Authority ("IA") issued Decision No. (13) of 2018 regulating bancassurance, or insurance policy marketing ...

The UAE Insurance Authority (‘IA') has now promulgated and issued the ‘Cabinet Resolution No 7 of 2019 Concerning the Administrative Fines Imposed by the Insurance Authority' (‘the Resolution'),

While there is no clear agreement on the exact definition of run-off in the insurance context, it is generally taken to mean one of two things.

The UAE Insurance Authority has recently released its Annual Statistical Report for the Insurance Sector in the United Arab Emirates for 2014.

This article reviews the Court's decision as it serves as a useful reminder for the need to include an unambiguous jurisdiction clause

The insurance brokerage in the UAE, like the rest of the insurance sector, is regulated by the UAE Insurance Authority. This has merged with the UAE Central Bank, which is now the unified regulator...

After a period of much debate as to the application of VAT in the re/insurance industry in the UAE, the UAE Federal Tax Authority (FTA) ...

Directors & Officers Insurance (D&O) is a relatively new branch of insurance in the United Arab Emirates (UAE) market. Accordingly, issues such as allocation of costs have not yet been considered by UAE or Dubai International Financial Centre (DIFC) Courts.

The Draft Regulation applies to insurance companies and banks that operate in the United Arab Emirates.