Bancassurance: Bank sanctioned for breach of duty of due diligence
Thursday, 24 July 2025
by Insuralex
In a recent 2025 sanction, the Colombian Financial Superintendence (the “SFC”, for its acronym in Spanish) imposed a penalty on a bank for deficiencies in the management and safekeeping of
- Published in Brigard Urrutia, News + Articles
Tagged under:
Articles 3 and 5 of Law 1328 of 2009 (the Colombian financial consumer protection law), Bancassurance Colombia, Bank sanctioned for breach of duty of due diligence, Colombian Financial Superintendence, Contractual obligation of safekeeping, Insuralex Colombia, Insurance Law Network, Insurance Lawyers Colombia
California Supreme Court enforces forum selection clauses
Wednesday, 23 July 2025
by Insuralex
Businesses often include forum selection clauses in contracts, which restrict where the parties to the contract may sue each other. California has a strong public policy in favor of the
- Published in Bullivant Houser Bailey PC, News + Articles
Colombia enacted Law 2475 to guarantee the inclusion and non-discrimination of cancer survivors
Monday, 21 July 2025
by Insuralex
On July 9, 2025, Colombia enacted Law 2475, which (i) seeks to guarantee the inclusion and non-discrimination of cancer survivors within the framework of insurance contracting, and (ii) modifies Article
- Published in Brigard Urrutia, News + Articles
New Corporate Governance Rules in the Insurance Sector
Tuesday, 15 July 2025
by Insuralex
The Superintendence of Insurance and Reinsurance of Panama recently approved Regulation No. 3-2025 of June 19, 2025. This marks the third regulatory instrument addressing and regulating good corporate governance for
- Published in News + Articles, Sucre Arias Reyes
Insuralex launches “Insuralex Academy”
Wednesday, 09 July 2025
by Insuralex
Insuralex is proud to launch “Insuralex Academy”, a platform for training and learning about insurance law and related fields exclusively for Insuralex firms and their members. Insuralex Academy will deliver
- Published in Estudio Carvallo Abogados, News + Articles
Reviving the Framework: The Arbitration Act 2025 and the New Era of UK Arbitration
Monday, 30 June 2025
by Insuralex
England is widely recognised as a leading choice for international arbitration. There is a strong tradition of arbitration in the jurisdiction with institutional support and a robust judicial record of
- Published in Carter Perry Bailey LLP, News + Articles
What does the SFC say about microinsurance in Colombia?
Friday, 20 June 2025
by Insuralex
By means of a recent legal opinion, the Financial Superintendency of Colombia (“SFC”) made important considerations regarding the regulation of microinsurance in Colombia: General regulatory framework Microinsurance does not have
- Published in Brigard Urrutia, News + Articles
Modification of section 1 of article 19 of the revised text of the General Law for the Defense of Consumers and Users
Thursday, 19 June 2025
by Insuralex
The issue we are facing is of important importance for entrepreneurs and financial institutions, since, with the reform introduced, the content and effects provided for in Article 20 of the
- Published in Belzuz Abogados Spain, News + Articles
What does the SFC say about parametric insurance in Colombia?
Wednesday, 18 June 2025
by Insuralex
By way of a recent legal opinion, the Colombian Superintendency of Finance (“SFC”) issued its views on the regulation applicable to parametric insurance in Colombia. Below is a summary of
- Published in Brigard Urrutia, News + Articles
Lonham Group Ltd v. Scotbeef Ltd
Tuesday, 17 June 2025
by Insuralex
In Lonham Group Ltd v. Scotbeef Ltd [2025] EWCA Civ 203 (see the judgment here), the CoA considered issues of representations and warranties of information provided by the insured to
- Published in Carter Perry Bailey LLP, News + Articles