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LEGAL SURVEY: The biggest legal issues in 2010
27 May 2010
With regulatory changes happening globally and a bad economic environment making people more litigeous, the industry’s legal departments have much to keep them busy. We find out which law firms they think are best.
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LEGAL SURVEY
Dewey & Le Boeuf
Sidley Austin
Mound Cotton
Attride Sterling
litigation
pleural plaques
Barlow
Llyde & Gilbert
The biggest legal issues facing insurers and reinsurers are not surprisingly a changing regulatory environment and a heightened demand for companies to have enough money behind them.
These issues were on the list of things to do before the financial crisis came along but the urgency and terms of them have since intensified.
With the onset of Solvency II in Europe, financial services regulatory reform in the US, and the rest of the world keeping a keen eye on how their systems might have to change as the pieces of the puzzle come together, it is not clear what form this new regulatory landscape might look like.
This means the biggest legal issue facing insurers and reinsurers is one of uncertainty.
“It is a very fluid situation and the industry is working pretty hard,” William Marcoux, co-chair of Dewey & Le Boeuf’s global insurance industry sector group, told Reactions. “I...
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