May 7th, 2010

Guy Carpenter Update Addresses Legal and Legislative Developments Across Europe

Posted at 1:00 AM ET

2010_legislative_thumb-2David Lewin, Managing Director
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Guy Carpenter & Company, LLC has published its update on legislative and legal developments affecting insurers and reinsurers in Continental Europe. The report highlights key trends, laws and reforms that have been introduced or are expected in the region. Developed with the insurance practice of law firm Heuking Kühn Lüer Wojtek, the report addresses the continued changes and developments in the legal framework at the macro and micro levels. At the macro level governments across Europe are increasingly looking to reduce states’ cost burdens for healthcare. This has resulted in harsher judgments on cases involving accidents at work. At the micro level the reports points out the importance of the legal changes that are influencing statutory legal liability.

“The report discusses the key legal developments in insurance legislation, covering topics such as the renewal of the EU Insurance Block Exemption Regulation, introduction of class actions and compulsory mediation in Italy and the development of a unified code of Civil Procedure in Switzerland,” said David Lewin, Managing Director, Guy Carpenter & Company, Ltd.

Mr. Lewin went on to say that “The report makes note of two particular trends in legislation that are emerging. One is a movement towards states’ transferring claims burdens to the private insurance industry and the other is a simplification of legal processes that allow individuals to pursue civil legal rights more easily.”

Download the full report >>

View the Fall 2009 report >>

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* Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities Corp., a US registered broker-dealer and member FINRA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe) Ltd., which is authorized and regulated by the Financial Services Authority. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities Corp., MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product.

Guy Carpenter & Company, LLC provides this report for general information only. The information contained herein is based on sources we believe reliable, but we do not guarantee its accuracy, and it should be understood to be general insurance/reinsurance information only. Guy Carpenter & Company, LLC makes no representations or warranties, express or implied. The information is not intended to be taken as advice with respect to any individual situation and cannot be relied upon as such.

Readers are cautioned not to place undue reliance on any historical, current or forward-looking statements. Guy Carpenter & Company, LLC undertakes no obligation to update or revise publicly any historical, current or forward-looking statements, whether as a result of new information, research, future events or otherwise.

Statements concerning, tax, accounting, legal or regulatory matters should be understood to be general observations based solely on our experience as reinsurance brokers and risk consultants, and may not be relied upon as tax, accounting, legal or regulatory advice which we are not authorized to provide. All such matters should be reviewed with your own qualified advisors in these areas.

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