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Insurance

CMS Adonnino Ascoli & Cavasola Scamoni is a leading Italian firm for Insurance law. Many of our lawyers have worked and/or have been seconded in the insurance market (including the London market), which means we understand the complexities of your markets.

Our advice covers all aspects of insurance and reinsurance law. In particular, the firm has outstanding expertise in (re)insurance dispute resolution, regularly advising domestic and foreign life and non-life insurance companies, brokers, agents on a wide range of (re)insurance claims (e.g. D&O, P.I., P.O., MedMal, G.L., bonds, and more).

Our services and expertise extend from conventional advice on complex claims with regard to liability and insurance coverage and/or assistance before Italian Courts, Arbitration Tribunals and in Mediation procedures, through the enforcement of awards in Italian Courts, to the design of new insurance products and advice on drafting policy wordings. We also have remarkable experience in assisting underwriters in placing W&I policies.

We have advised insurance companies and other players on issues around insurance regulatory law for many years. We also represent and assist our clients before IVASS (the Italian Insurance Regulator) for alleged infringements of laws and regulations.

Our experts have unique expertise and provide corporate advice on mergers and acquisitions, regulatory compliance, competition, tax, employment law, property advice and structured finance matters to support insurers, brokers and agents through its multi-disciplinary team.


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08/04/2024
New obligation to apply withholding taxes on commissions received by agents...
With Circular letter no. 7/E of March 21, the Italian Revenue Agency provided some clarifications in relation to the new obligation to apply withholding taxes on commissions received by agents and other...
18/03/2024
After many postponements, the Council of the European Union reached an...
As part of the European Green Deal, the European Commission proposed the Corporate Sustainability Due Diligence Directive (“CSDDD” or the “Directive”) on 23 February 2022, with the aim to introduce...
07/03/2024
Practical guidance on how to assess the existence of aid for risk financing...
On 26 January 2024, the Commission adopted practical guidance for Member States on assessing the existence of State aid for measures aimed at facilitating access to financing for certain busi­nesses.Risk...
05/03/2024
Medical Malpractice: new Decree on Minimum Policy Requirements
On 1 March 2024, Decree No 232/2023 (the “Decree”) implementing Article 10(6) of Law No 24/2017 (the “Gelli-Bianco Law”) was finally published, almost 7 years after the enactment of the law regulates...
29/02/2024
Amendments to Directive 2011/61/EU on alternative investment fund managers...
On 26 February 2024, the Council of the European Union officially approved amendments to Directive 2011/61/EU on alternative investment fund managers (read more), marking a significant development in...
13/02/2024
The EU Parliament and Council reached an agreement on ESG rating
On 5 February 2024, the European Parliament (the Parliament) and the Council of the European Union (the Council) reached a provisional agreement on the EU Commission's proposal from June 2023 for a regulation...
13/02/2024
EU legislative initiatives on recovery and resolution planning for insurance...
With the compromise proposal for an Insurance Recovery and Resolution Directive (IRRD) published by the EU Council in January 2024, EU legislative initiatives to establish a recovery and resolution framework...
09/02/2024
ESMA reports on impact-washing concerns around funds focused on the United...
IntroductionOn 1 February 2024, the European Securities and Markets Authority (ESMA) published an article on the efficiency of funds focused on the United Nations Sustainable Development Goals (SDG)...
18/12/2023
ESAs propose amendments to the SFDR RTS
Continuing the theme of frequent changes to the application of the Sustainable Finance Disclosure Regulation (“SFDR”), the European Supervisory Authorities (“the ESAs”) are introducing amendments...
06/12/2023
EU publishes Directive on distance financial services contracts in Official...
In November 2023, the EU legislator adopted the new Directive regarding financial services contracts concluded at distance.This Directive essentially aims to modernise the existing legal framework governing...
15/11/2023
REQUIREMENT FOR CATASTROPHIC RISK INSURANCE UNDER DISCUSSION IN THE BUDGET...
While still under parliamentary discussion, the potential impact of the obligation for insurance against catastrophic risks is certainly a measure that, if confirmed, could prove to be of fundamental...
15/11/2023
Final text of political agreement on AIFMD II has been published
1.Background:On 25 November 2021, the European Commission (the Commission) put forward its proposal for amendments to the Directive 2011/61/EU on alternative investment fund managers (the AIFMD) as regards...