Our Global Insurance Industry Year in Review is now in its ninth year. In this report, we discuss developments and trends in insurance industry transactions over ...
2020 marked the Mayer Brown Insurance Industry Forum’s seventh year bringing together industry leaders, insurance regulators and leading bankers and advisors to the ...
Mayer Brown partner Stephanie Duchene served as a panelist on the “Insurtech Innovation and its Effects on Insurance/Reinsurance” webinar on November 10, 2020 ...
With the outbreak of the COVID-19 pandemic, virtual court hearings pose new issues for legal teams and there are steps that insurers should take to prepare for online ...
While the COVID-19 crisis has many insurtech players reconsidering their short-term needs and long-term strategies, what has not changed is the insurance industry’s ...
After three and a half years of negotiations and uncertainty, the United Kingdom left the European Union at 11 p.m. on 31 January 2020. But when will Brexit actually be ...
The dramatic June 2016 referendum in the United Kingdom in which 51.9 percent voted to leave the European Union initiated a long and arduous journey with multiple ...
Notable developments in the e-discovery and information governance space in 2019 included the lead-up to the California Consumer Privacy Act, which came into effect ...
Brexit is finally here. The United Kingdom leaves the European Union on 31 January 2020. The EU and the UK will now enter a transition period which is scheduled to last ...
Ongoing public consultations from the World Intellectual Property Organisation and others demonstrate a focus by IP policymakers on better understanding issues posed by ...
On January 7, 2020, the White House issued a draft memorandum setting forth proposed principles for agencies to follow when regulating and taking non-regulatory actions ...
On January 8. 2020, the White House and the US Department of Transportation (“DOT”) released new guidance, Ensuring American Leadership in Automated Vehicle ...
Banks have certain activities related to insurance, such as referrals, premium financing and trust arrangements. Under the new Section 64G of the Insurance Ordinance ...
It's incumbent on corporate counsel to educate regulators about advancements in their industries, according to speakers at a conference in Phoenix on Wednesday, October ...
Cyber attacks now reach a broad range of connected devices, ranging from connected toys, fitness trackers, home alarm systems, cars and medical devices to connected ...
Mayer Brown LLP's Tom Hunter highlights areas of interest in this bylined article on the Berkeley Burke administration and the implications for the pension ...
On October 7, 2019, the United States and United Kingdom released the text of a bilateral data access agreement that would permit law enforcement authorities in one ...
The number of cyber attacks are on the increase and so is its level of sophistication. Because insurance companies are data-driven businesses holding vast amounts of ...
Bylined article by London Litigation & Dispute Resolution partner James Whitaker and associate Ali Jones on the rise of scandal insurance.
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Investment-Related Initiatives from the NAIC Meeting of August 4, 2019 The National Association of Insurance Commissioners (“NAIC”) held its most recent national ...
While most companies are squarely focused on the California Consumer Privacy Act (CCPA), 2019 has seen other major developments on data privacy and security. Several ...
With the current Brexit situation, following the election of Boris Johnson as the UK’s Prime Minister, there are major issues to explore, such as how a no-deal Brexit ...
In July 2019, the UK Information Commissioner’s Office (ICO), a European data protection supervisory authority, has flexed its muscles and has announced its intention ...
On 20 July 2019, the Office of Financial Stability and Development Committee of the State Council, China’s Central Government, announced Relevant Measures for Further ...
AI licenses require many of the same terms and conditions that you would expect in “regular” licenses for software, technology and SaaS. However, licensing AI ...
In the world of intellectual property rights, there are cracks the law doesn’t reach—areas that do not sit squarely within copyright, patent, or trade secret law. ...
The insurtech revolution is turning out to be far less about disruption than about collaboration—with the insurtech startups bringing improved analytics and user ...
Investing in a US insurance company presents unique concerns to any investor. This is particularly the case if such an investment would result in the investor becoming a ...
Artificial intelligence (AI) is the newest golden child in technology. While definitions abound, we will define artificial intelligence as "the theory and development of ...
Mayer Brown was named “Financial Facilitator of the Year” at the 11th annual Trading Risk Awards in London. The awards recognize excellence and the achievements of ...
The New General Law of Data Protection (LGPD) innovates how the personal data must be processed by companies in Brazil. Inspired by the European General Data Protection ...
In the more than 20 years that catastrophe bonds have been around they have mostly been used to cover peak risks in Florida, but there is growing interest in adding Asia ...
As the decade comes to a close, new technologies are having a major impact on how insurance industry participants conduct their operations – especially how they ...
A year after the UK Prudential Regulation Authority (PRA) published its controversial Consultation Paper (CP) 6/18 "Credit risk mitigation: Eligibility of guarantees as ...
The new Section 90 of the Insurance Ordinance Cap. 41 (“Ordinance”) introduces statutory conduct requirements for licensed insurance agents and insurance brokers. ...
Mayer Brown’s Technology Transactions Practice is pleased to announce the release of Legal Perspectives for Technology & Innovation: Insights. Written for in-house ...
Under the new insurance licensing regime, Section 64G of the Insurance Ordinance Cap. 41 provides that a person must not carry out regulated activities, or hold out as ...
Interest in blockchain has grown dramatically, with a rapid increase in investment and engagement. Over the course of 2017, numerous companies in financial, ...
The California Consumer Privacy Act (“CCPA”) will impact how insurers collect, store, sell and process the personal information of California consumers. Other US ...
Machine learning, artificial intelligence and other big data analytics tools are delivering business value by producing valuable insights and augmenting human ...
Complicated computerized models and quantitative analyses are a fundamental mainstay in the financial services industry, from quantitative investment asset managers who ...
In today's interconnected, “always-on” environment, it is easy to forget how dependent we all are on records and, more importantly, on the people we trust to make ...
The past ten years have resulted in numerous changes to the corporate governance requirements for insurance companies and, as appropriate, their parent companies and ...
A consortium of 12 insurance underwriters led by Liberty GTS recently paid a €50 million claim under a warranty and indemnity liability (W&I) insurance policy ...
Mayer Brown has strengthened its Corporate & Securities practice with the arrival of Sheng Wu as a partner in Hong Kong. Sheng has substantial experience working ...
On March 5, 2019, the Federal Trade Commission (“FTC”) proposed a number of revisions to its Gramm-Leach-Bliley Act (“GLBA”) regulations, which would (i) ...
The Banking Policy Department of the Hong Kong Monetary Authority (HKMA) published a circular (BCBS Statement on Crypto-Assets) on March 18, 2019 in light of a ...
On February 26, 2019, the Federal Trade Commission (FTC) announced the formation of the Technology Task Force, which will target any anticompetitive conduct in the ...
Partners Paul Chen, Kara Baysinger, Matt Gaul and Stephanie Duchene recently joined the firm, significantly strengthening our global insurance capabilities. ...
In this third episode of Mayer Brown's Tech Talks, the Firm's partners Christian W. Fabian, Stephen Lilley and Lei Shein, focus on data privacy and cybersecurity issues ...
In this report, Mayer Brown's Global Insurance Industry Group discuss developments and trends in insurance industry transactions in the past year in North America, ...
2018 continued a trend of significant vendor consolidation in the e-discovery and information governance space, return to form in delaying the time to answer the ...
On February 27, Mayer Brown’s New York office hosted a Transactional Liability Insurance Roundtable for members of the transactional liability insurance ecosystem. ...
On February 11, 2019, President Trump signed an “Executive Order on Maintaining American Leadership in Artificial Intelligence” (the “Order”) and, in doing so, ...
Last month, the New York State Department of Financial Services (the “DFS” or “Department”) became the first US regulator to impose specific, substantive ...
As with many industries, the insurance sector has become increasingly more complex and internationally connected over the past decade. More than ever, international ...
A new report highlights key issues that companies and legal departments should expect to confront in responding to cross-border cyber incidents, from managing ...
The landscape for cyberattacks is constantly evolving. Attacks are becoming more global and sophisticated, and 2019 is poised to continue this trend toward increasing ...
Cybersecurity and data privacy presented some of the most complex legal questions and business risks that multinational companies faced in 2018. Businesses should expect ...
On January 23, the European Commission (the "EU Commission") authorized the free flow of personal data to Japan. This "adequacy decision," issued jointly with a ...
On January 7, 2019, the US self-regulatory organization the National Futures Association (“NFA”) announced that it had adopted amendments to its information security ...
By any measure, 2018 was a major year for data privacy regulation. The most significant regulatory development in this area was the European Union’s General Data ...
In late December, Ohio became the second state to adopt the National Association of Insurance Commissioners’ (NAIC) Insurance Data Model Law, joining South Carolina in ...
The ultimate form of the UK's exit from the European Union remains a hotly debated topic. Unless some form of extension of the period of notice served by the UK is ...
On December 19, the EU Commission ("Commission") published its report to the European Parliament and the Council on the second review of the functioning of the EU-US ...
On Oct. 3, the U.S. Department of Transportation released its most significant 2018 guidance on the design, testing and deployment of driverless vehicles: "Preparing for ...
The use of artificial intelligence (“AI”), which may be defined as the development of computer systems able to perform tasks normally associated with human ...
In the 2018 Q4 edition of the Asia Intellectual Property (IP) and Technology, Media and Telecommunications (TMT) Newsletter, Mayer Brown's team covers numerous areas ...
Executive Summary
In a keynote speech at the Hong Kong Fintech Week on November 1, 2018, the Hong Kong Securities and Futures Commission (SFC) again asserted its ...
On August 13, 2018, President Trump signed into law the Foreign Investment Risk Review Modernization Act, or FIRRMA. This legislation was designed to enhance US national ...
On September 26, 2018, a US federal court found that virtual currency constitutes a class of items that are commodities under the Commodity Exchange Act (“CEA”) ...
In mid-November, the National Association of Insurance Commissioners (the “NAIC”) will be holding its fall meeting, bringing together insurance regulators, companies ...
The Hong Kong Monetary Authority (HKMA)’s Open Application Programming Interface Framework for the Banking Sector (Open API Framework), was issued on July 18, 2018, ...
On September 27, 2018, the Computer Crime and Intellectual Property Section (“CCIPS”) of the Criminal Division of the US Department of Justice (“DOJ”) released a ...
Last month the US Securities and Exchange Commission (“SEC”) brought and settled charges against a registered broker-dealer/investment adviser ("the Registrant") for ...
Policymakers long have wrestled with how to enhance private-sector cybersecurity without imposing prescriptive one-size-fits-all requirements that undermine effective ...
On September 28th, California Governor Jerry Brown signed a first-of-its kind law to regulate the security of connected devices that make up the “Internet of Things” ...
Earlier this month, the US Department of Transportation (DOT) released new guidance, Preparing for the Future of Transportation: Automated Vehicles 3.0 (AV 3.0), for the ...
What does a nuclear missile accident have in common with a cybersecurity or data privacy issue in M&A? In both cases, small missteps can lead to wide-ranging and ...
The past five years have seen a massive acceleration in the amounts of data being generated, processed and stored in virtually every industry, including insurance. As ...
The rise in popularity of unmanned aircraft systems (UASs), more commonly known as drones, have led to an increased awareness of the potential risks associated with ...
The cybersecurity and data privacy landscape continues to change, creating significant new risks for businesses across economic sectors. New types of litigation are ...
In late July, the Treasury Department issued its report on fintech and financial innovation. A Financial System That Creates ...
Artificial intelligence (AI)—sometimes referred to as “machine learning”—has begun to transform how financial services are provided. This trend will continue, ...
Big data is top of mind at virtually every company and is often described as one of a business’s most valuable assets. In spite ...
The future of outsourcing is digital. New technologies will pair custom, made-for-you solutions with fast, accurate and low-cost automated services. However, digital ...
Across a variety of industries, more and more companies are building, buying and using Artificial Intelligence (AI) in their technology services agreements to further ...
Mayer Brown’s Technology Transactions practice is pleased to announce the release of our new thought-provoking guide titled Technology Transactions: Thriving in an Age ...
The rapid growth of the Internet of Things (“IoT”) has brought significant new opportunities for businesses across sectors. From consumer products such as smart ...
Bylined article by Financial Services Regulatory & Enforcement partner Jeffrey Taft (Washington DC), Corporate & Securities partner Larry Hamilton (Chicago), ...
Our Global Insurance Industry Year In Review for 2016 discusses developments and trends in insurance industry transactions in the past year in North America, Bermuda, ...
Companies across industry sectors have developed risk-based cybersecurity programs to respond to the substantial and complex cyber threats they face. Managing ...
In H2 2016, Mayer Brown commissioned Mergermarket to survey 70 respondents at UK-headquartered financial services companies and 50 respondents at UK-headquartered ...
Cybersecurity and data privacy issues continued to grow in significance for multinational businesses over the past 12 months, further heightening the importance of ...
