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The Central Bank Act 2013 came into force on 1 August 2013, and it strengthens the powers of the Central Bank to impose and supervise compliance with regulatory requirements.

The High Court in O'Donoghue v. Office of The Financial Services and Pensions Ombudsman [2018] IEHC 581 examined findings of the Office of the Financial Services Ombudsman("FSPO") in relation to the voiding of...

The Central Bank Reform Act 2010 (the "Act") created for the first time a harmonised statutory system for the regulation of persons performing controlled functions in entities in Ireland regulated by the Central Bank of Ireland (the "Central Bank") including financial institutions and insurance undertakings.

On 3 August 2022, the Central Bank of Ireland (Central Bank) launched a public consultation paper (Paper) on the proposed introduction of guidance on climate change risks for the (re)insurance sector...

Tom Carney of Dillon Eustace tells how Ireland has stepped up its regulatory regime in its insurance sector post the recent economic crisis and outlines how Solvency II will affect the state.

The Regulations establish new capital requirements, valuation techniques and governance and reporting standards.

The United Kingdom’s Financial Services Authority (the "FSA") recently published a notice of an undertaking given by AXA Insurance UK plc ("AXA") under which AXA agreed not to use certain terms in its contents and buildings insurance policies.

On 5 June 2014 Judge Hogan of the Irish High Court held that a "plaintiff’s ATE insurance policy does not amount to either maintenance or champerty".

In June, the Central Bank of Ireland (Central Bank) published the first edition of its Intermediary Times newsletter for 2022 (Newsletter).

The Insurance Recovery and Resolution Directive introduces a comprehensive framework for managing distressed (re)insurers through resolution planning and intervention powers. This analysis examines the Central Bank of Ireland's role as resolution authority, the assessment of resolvability...

The consultation by the European Central Bank (ECB) on its new draft Guide on governance and risk culture closes on 16 October 2024.

The insurance litigation sphere is constantly evolving. We recap on what we consider to have been some of the key changes over the last 12 months.