Insurance & Reinsurance weekly highlights-28 May 2026 In this issue: UK Regulation EU Regulation Cases tracker Dates for your diary Daily and weekly news alerts New and updated content LexTalk®Insurance: a Lexis®Nexis community UK Regulation PRA publishes PS13/26-Insurance third-country branches The PRA has issued policy statement PS13/26-Insurance third-country branches: policy implementation and other updates, setting out its replies to feedback on consultation paper CP20/25 of the same title. It confirms the final policy through refreshed materials-revised supervisory statements (SSs) and statements of policy-together with amended rules. Source: PS13/26-Insurance third-country branches: policy implementation and other updates. Related digests: PRA publishes consultation on third-country insurance branch policy updates, LNB News 16/09/2025 49; PRA publishes final policy on its approach to authorisation and supervision of insurance branches, LNB News 23/05/2024 30. HoL Committee launches inquiry into regulation of consumer...

In this issue: EU Regulation Insurance types Cases tracker Dates for your diary Daily and weekly news alerts LexTalk®Insurance: a Lexis®Nexis community EU Regulation EIOPA releases technical specifications for small and non-complex insurance undertakings and groups The European Insurance and Occupational Pensions Authority (EIOPA) has issued technical specifications for small and non-complex undertakings (SNCUs) and groups (SNCGs). The document assists undertakings and supervisory authorities in more accurately determining which entities qualify for the new simplified framework, and in computing the relevant risk indicators. Its purpose is to secure consistent implementation of the framework across Member States from the date the amended Solvency II Directive enters into application. It also highlights particular scenarios that, in EIOPA’s view, could benefit from further clarifications......

The Court of Appeal gave the insurers, which include Fidelis and Chubb, permission to challenge aspects of a decision that leaves them on the hook for a massive payout to AerCap, the world's largest aircraft lessor Leading a two-judge bench, Justice Stephen Phillips said the court, having considered the submissions, would allow an appeal on every ground raised. At the 31 March 2026 hearing, Fidelis contended that a previous judge had erred in finding that all aircraft marooned in Russia were irretrievably lost to the lessors. In June 2025, Judge Christopher Butcher had concluded the losses engaged war-risk insurance — subject to payout limits — rather than the wider all-risk cover. AerCap, the world’s largest aircraft lessor, had claimed USD3.5 billion under the broader all-risk policy, but its recovery under the war-risk policy was limited to USD1.2 billion. Peter MacDonald Eggers KC of 7KBW, for...

In this issue: Cases and decisions UK Regulation EU Regulation Cases tracker Dates for your diary Daily and weekly news alerts LexTalk®Insurance: a Lexis®Nexis community Cases and decisions UniCredit Bank GmbH, London Branch v Constitution Aircraft Leasing (Ireland) 3 Ltd; UniCredit Bank GmbH, London Branch v Celestial Aviation Services Ltd. The Supreme Court unanimously rejected the appellants’ appeal and upheld the respondent’s cross‑appeal, deciding that reg 28(3)(c) of the Russia (Sanctions) (EU Exit) Regulations 2019 (SI 2019/855) prevented payments under the letters of credit until UK licences were secured; consequently, both the payment obligation and the accrual of statutory interest were paused. The court also concluded that section 44 of the Sanctions and Anti‑Money Laundering Act 2018 supplies a defence in civil proceedings, which would have protected the respondent from liability for debt, interest and related costs where it...