Nettet22. jun. 2024 · Insolvency and global asset recovery We provide asset tracing and seamless cross-border global recovery for clients. Contentious estates and family disputes We manage complex and sensitive disputes through to resolution. Personal insolvency We can support you to maximise personal insolvency recovery and seek appropriate … NettetRestructuring & Insolvency analysis: HM Treasury has unveiled its long awaited consultation paper for a new Insurer Resolution Regime ('IRR') with the consultation set to run until 20 April 2024. This article looks at some of the key proposals. Written by Geoffrey Maddock, Kelesi Blundell and Alison Matthews of Herbert Smith Freehills LLP.
Failed insurance companies – what happens next? FSCS
Nettet12. mai 2015 · The insurer may enter into a special arrangement with the intermediary to protect these monies. Absent such an arrangement, however, the insurer will be an unsecured creditor for those sums. Money held on trust (CASS 5.6) The insolvency of an insurance intermediary triggers what is referred to in the rules as a "primary pooling … Nettet12. nov. 1992 · Below is a list of insolvent insurers that FSCS is currently involved with. If you have a query or claim relating to any of these insolvencies, please get in touch with the insolvency practitioner (IP) for that firm who will be able to help. An insurance insolvency occurs when an insurer finds itself in financial difficulty and the regulator ... infomoto
HM Treasury Consultation: Insolvency Arrangements for Insurers
Nettet30. jan. 2024 · HM Treasury unveiled yesterday its long awaited consultation paper for a new Insurer Resolution Regime ("IRR") with the consultation set to run until 20 April 2024.. The management of UK (re)insurers in financial difficulty is currently handled through a mixture of standard corporate and (re)insurer-specific insolvency arrangements. Nettet12. nov. 2024 · In May 2024, there was a consultation on amendments to the insolvency arrangements for insurers that apply under the FSMA. The consultation sought to amend the current insurer insolvency arrangements to ensure they remain up to date and consistent with best practice, in particular those brought into effect by CIGA. NettetThese arrangements can be divided into two groups: those included in the winding-up procedure and those outside of it. The former type of arrangement is used in most jurisdictions, but typically vary considerably in detail across jurisdictions, largely depending on idiosyncrasies of the judicial insolvency procedures of respective jurisdictions ... info moviepass.com