Carey Olsen advises Fission Gamma IC Limited on MMC UK Pension Fund's £2 billion longevity risk transfer Fission Gamma, a new Guernsey-based incorporated cell, was created to insure the longevity risk of the Fund and to reinsure this risk with leading global re-insurer Munich Re. Insuring longevity risk in this way will enable the Fund to protect itself financially against longevity risk ...
One solution to this issue is for pension funds to transfer longevity risk to the reinsurance market. Such a transfer can be attractive for both parties. From the pension fund’s perspective, a life reinsurer is often an attractive counterparty, both because of its deep understanding of the nature of the risk being transferred, and because it can provide a balance sheet big enough to assume a meaningful amount of risk from the fund ...
Watch the webinar video and study our key takeaway points from our latest seminar focused on attendance. Our 2023 webinar programme is focused on supporting HR teams to improve the effectiveness and productivity of the organisations they work for, equipping them to best handle key issues and improve their business through reducing their risk, developing their talent and future proofing their organisation #HRImprove ...
bitte beachten Sie folgende Pressemeldung. Diese finden Sie auch online auf unserer Website. Heuking advises The Grounds Real Estate Development AG on strategic investment by H.I.G. Realty Partners With a team led by Dr. Thorsten Kuthe, Partner at the Cologne office, and Michael Neises, Partner at the Frankfurt office, Heuking advised The Grounds Real Estate Development AG on a strategic investment by H.I.G. Realty Partners. In an initial step, H.I.G ...
On November 2, 2023, in response to certain controversy, the Canada Revenue Agency (?CRA?) sought to clarify the application of the new disclosure rules, in force since June 22, 2023. The CRA?s comments relate, in particular, to the impact of reporting obligations on severance agreements, a topic we initially covered a few weeks ago1. We believe it is appropriate to go over these clarifications ...
We held Datasymposium 2023 – one of Finland's largest events focusing on data regulation and data utilisation – on 25 October at Bio Rex Lasipalatsi. The popular event, organised in partnership with Technology Industries of Finland, gathered hundreds of experts to discuss the effects of EU's new data regulation and its application from the perspective of trade secrets and data privacy ...
Internal investigations are an integral part of organizational management, with the objective of determining the occurrence of wrongdoing, misconduct, or non-compliance within the company. Through these internal investigations, companies can wield their disciplinary powers, identify risks, design measures to control them, enhance the internal compliance culture, and mitigate the liability of the organization and/or its management ...
November 17, 2023 By: Michael Flynn In an effort to promote “open banking” and reduce “sticky banking”, make it easier for consumers to compare their current financial institution to competitors, and to generally increase competition among financial institutions, on October 19, 2023, the CFPB proposed a new Personal Financial Data Rights Rule, which, if it becomes final, will likely take effect early in 2024 ...
We are proud to be sponsoring a networking reception that will be held at the Guildhall in the City of London on the 4th of December 2023, from 6:00 PM to 9:00 PM. Katya Tua, Edmond Zammit Laferla and Michael Psaila will be attending the event. View More
Watch the webinar video and study our key takeaway points from our latest seminar focused on Employee relations. Our 2023 webinar programme is focused on supporting HR teams to improve the effectiveness and productivity of the organisations they work for, equipping them to best handle key issues and improve their business through reducing their risk, developing their talent and future proofing their organisation #HRImprove ...
The Council and Parliament deal on the 13th November involves several alterations to the proposed Critical Raw Materials Act, put forward in March this year (EU launches a Critical Raw Material Act – the proposal will impact Norwegian mining legislation – Simonsen Vogt Wiig (svw.no). In the European Commission’s original proposal, 34 raw materials were listed as critical raw materials, while 16 raw materials were listed as strategic raw materials ...
Background In the lead up to the entry into force of the EU Ship Recycling Regulation, sustainable dismantling of vessels was put higher on the agenda for shipowners and stakeholders, and authorities in EEA tested cases on ship recycling under the waste regulations prohibiting export of waste from the EEA ...
In this newsletter, we examine a selection of relevant employment law cases from this year and analyse what employers should learn from them in practice ...
The government's attempt to remove the ban on employment businesses supplying temporary workers to cover striking workers has so far failed. What other options are available to employers to mitigate the impact of industrial action? The last two years’ have been marked with high profile industrial action across many sectors, including particularly damaging strikes on the railways and in the NHS ...
Carey Olsen in Bermuda advises Hamilton Insurance Group on its Initial Public Offering on the New York Stock Exchange Bermuda-headquartered Hamilton Insurance underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Enhanced by data and technology, the firm is focused on producing sustainable underwriting profitability to deliver shareholder value ...
Carey Olsen's James Noble achieves Full (TEP) Membership with STEP By attaining the highest level of membership with STEP, James has earned international recognition as an expert in trusts and estates ...
In recent months, colleagues in Scotland have been working closely with Glasgow City of Science and Innovation to partner in raising the profile of the Glasgow City Region on a national and international scale, showcasing its potential as a world-class hub for research and innovation ...
The Markets in Crypto Assets Regulation (MiCA)1 provides the legal framework for digital asset services within the European Union. This regulation, detailed with its 149 articles and 6 annexes, mandates that entities wishing to provide digital asset services across the EU must secure authorisation in one of the EU Member States ...
