Insurance Regulation
The insurance market is global in nature, and
the international ramifications and opportunities of recent and
ongoing regulatory reform touch all areas of insurance. Since
the worldwide financial crisis, insurers and insureds are being
intensely scrutinized and held accountable to increasingly strict
and intricate standards. As a result, today’s insurance market
is changing and vulnerable. Products and selling practices
are attacked; litigation matters arise; and regulators target and
increasingly coordinate their oversight efforts. Company
executives face insolvencies, bankruptcies, mergers and
acquisitions (M&A), market conduct examinations, class action
lawsuits and coverage claims, in addition to new regulatory
compliance requirements. Consequently, insurance companies
look to retain legal advice and personnel who can anticipate issues
and provide expert regulatory and business solutions to today’s
local and global challenges in a creative and comprehensive
manner.
SNR Denton lawyers advise financial services
clients in virtually every segment of the insurance industry:
property and casualty, life and health, managed care, reinsurance,
insurance holding companies, risk retention groups, mutuals,
insurance agencies and brokerages, third-party administrators,
regulatory agencies, risk managers and trade groups. We
interact frequently with the regulators who oversee the insurance
industry throughout the US, Asia, Europe and the Middle
East. Our familiarity with both local regulators and
international insurance supervisors allows us to anticipate the
positions they will take and the issues they will raise on a
variety of topics. Our experience allows us to propose
solutions to these positions and alternatives to the regulatory
obstacles our clients face.
Areas of Focus
- Insurance regulation
- Administrative and court litigation
- Captive services
- Enforcement intervention
- HMO regulation
- Insolvency counseling
- Insurance conversions
- Legislative and administrative
advocacy
- Licensing of insurers and
intermediaries
- M&A, formations, reorganizations and
asset transfer transactions
- Product development
- Regulatory compliance and privacy
- Reinsurance counseling and
arbitration
- Risk management