Significant changes introduced by Law 5/2025, of 24 July, on civil liability and insurance in the circulation of motor vehicles

On 22 July 2025, the Spanish Parliament approved Law 5/2025, amending the Consolidated Text of the Law on Civil Liability and Insurance in Motor Vehicle Traffic, approved by Royal Legislative
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Insurance Regulation in Latin America and Spain: Evolution or Revolution?

Over the past decades, the insurance markets in Latin America and Spain have experienced steady growth, accompanied by increasing regulatory complexity. Globally, the trend has moved toward risk-based frameworks —
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2025 UK Reinsurance Round-up

In 2025, War and Political risks litigation continues to dominate the landscape of English litigation. Judgment was handed down in June 2025 in the claim brought by various aircraft lessors
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Why timely notification matters

The recent judgment in Makin v QBE Insurance (Europe) Ltd [2025] EWHC 895 (“Makin”) highlights the importance of notifying potential insurance claims promptly. This case, which reinforces the significance of
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Supreme Court and the insurers’ duty of due diligence

In a recent 2025 judgment, the Colombian Supreme Court of Justice (hereinafter, the “SCJ”) ruled on a constitutional proceeding (acción de tutela) filed against a second-instance decision issued by the
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What does the SFC say about coverholders registered in REACOEX?

Colombian regulator clarifies rules for foreign reinsurers’ underwriting agencies (coverholders) In a legal opinion issued in May 2025, the Colombian Superintendence of Finance (the “SFC”, for its acronym in Spanish)
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Insurers’ duty of due diligence to verify the nature of the risk

Insurers’ duty of due diligence to verify the nature of the risk In a recent ruling issued in 2025, the Colombian Constitutional Court (hereinafter, the “Court”) ruled on key aspects
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Indemnity under performance bond insurance for loss of opportunity

In a recent 2025 ruling, the Council of State (the “CS”) clarified that, for an insured party covered under a performance bond to claim compensation for loss of opportunity, it
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Streamlining Environmental Permitting is Part of White House AI Action Plan

The Takeaway A cornerstone of the White House’s new AI Action Plan is to remove regulatory barriers and streamline environmental permitting for the infrastructure needed to implement the Plan. Overall
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Bancassurance: Bank sanctioned for breach of duty of due diligence

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
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