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Insurance

Austria

Whether you are an insurer, broker, reinsurer or insured party, you face an increasingly unpredictable world. From day-to-day operational matters to strategic planning, liability and disputes resolution, policy drafting, coverage and regulatory issues, your world is changing rapidly as tougher capital and risk requirements impact your business. With 100 specialist lawyers in 42 countries, we are attuned to your commercial interests and can protect them in your home market and across borders.

We understand the complexities of your markets. Whether you require guidance on claims, regulation policy drafting, wider business disputes, M&A, capital raisings and restructurings, cyber or other liability, HR, tax, real estate or commercial issues, our multi-disciplinary specialists can help you. We have a recognised domestic and cross-border track record of delivering for clients on the most complex transactional and advisory engagements in this sector. Equally, in the event of a domestic or cross-border insurance or reinsurance dispute, we can guide you through the disputes process, striving to secure the best business outcome.

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01/03/2019
What a “no-deal” Brexit means for in­sur­ance com­pan­ies...
19 Nov 19
The life-cycle of a cy­ber breach
05 Nov 19
Whis­tleblow­ing Dir­ect­ive ad­op­ted by the EU Coun­cil
On 7 Oc­to­ber 2019, the EU Coun­cil ap­proved the word­ing of the "Dir­ect­ive of the European Par­lia­ment and of the Coun­cil on the pro­tec­tion of per­sons who re­port breaches of Uni­on law", also known as the...
11/04/2018
New In­sur­ance Dis­tri­bu­tion Act Amend­ing Act 2018 presents...
24 Apr 19
Bel­gian reg­u­lat­ory frame­work for MGAs now in force
On 21 Novem­ber 2018 and 7 March 2019, we is­sued news­let­ters (re­spect­ively avail­able here and here) re­gard­ing the Bel­gian pro­pos­al to cre­ate a new reg­u­lat­ory frame­work for man­aging gen­er­al agents (“MGAs”)...
15/03/2018
In­sur­ance Dis­tri­bu­tion Act Amend­ing Act 2018:
Nu­mer­ous changes for in­surers and re­in­surers
12 Mar 19
Bel­gi­um braces for Hard Brexit with draft law
On Feb­ru­ary 19, Bel­gi­um passed a draft law pre­par­ing it­self for a Hard Brexit should the UK leave the European Uni­on (EU) on the dead­line of 29 March 2019 without a with­draw­al agree­ment in place to reg­u­late...
16/11/2016
Thomas Böhm ist neuer Part­ner bei CMS
07 Mar 19
Up­date of Bel­gian pro­pos­al for MGA reg­u­lat­ory frame­work
On 21 Novem­ber 2018, we is­sued a news­let­ter (ac­cess­ible here) re­gard­ing a draft law amend­ing the law of 4 April 2014 on in­sur­ance, which will cre­ate a new reg­u­lat­ory frame­work for man­aging gen­er­al agents...
02-2016
Un­gemach für Ver­sicher­ungen – Das "ewige" Rück­tritt­s­recht...
20 Sep 18
Stand­ard­isa­tion of with­draw­al rights for poli­cy­hold­ers and new reg­u­la­tions...
On 4 Ju­ly 2018, the Na­tion­al Coun­cil ad­op­ted a com­pre­hens­ive amend­ment to the rights of with­draw­al for poli­cy­hold­ers. At the same time, the leg­al con­sequences for “late with­draw­al” in life in­sur­ance...
12/11/2015
CMS Part­ner Döne Yalçın Be­comes the First Turk­ish Mem­ber...