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Insurance

Romania

Insurers, reinsurers, and brokers face an increasingly unpredictable world, not least because of tougher capital and risk requirements impacting on your business. So you can be certain to meet these challenges successfully, you need advisors with specialist knowledge of your sector and a detailed understanding of the evolving regulatory framework.

CMS has helped major insurers establish and expand operations in Central and Eastern Europe. We are the market leader in M&A in the sector, offer dedicated regulatory expertise and have extensive experience from distribution of insurance products to defence of class action claims.

CMS Romania has a dedicated team of insurance law specialists who focus on both contentious and non-contentious matters, primarily advising leading global insurers and reinsurers, as well as intermediaries, on their regulatory and business challenges in Romania – from complex regulatory issues, through to mediation and litigation around claims, and also corporate and commercial transactions.

With 100 insurance lawyers across 34 countries, we can protect your commercial interests in your home market and across borders. We provide advice based on strong local knowledge delivered on a Europe-wide basis by expert lawyers, many of whom have worked in the sector or for regulatory authorities.

We assist clients on the most complex transactional, advisory and contentious matters. A multi-disciplinary team advises on strategic as well as operational matters, liability and dispute resolution, policy drafting, coverage, regulatory issues, M&A, capital raising and restructurings, HR, tax, real estate and commercial issues.

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21 October 2016
CMS ad­vises AIG on sale of CEE as­sets to Fair­fax
18/05/2018
EU Product Li­ab­il­ity Dir­ect­ive still an ad­equate tool, ac­cord­ing to...
On 7 May 2018, the European Com­mis­sion pub­lished its fifth re­port on the per­form­ance of the EU Product Li­ab­il­ity Dir­ect­ive (Dir­ect­ive/85/374/EEC) in the mem­ber states. The dir­ect­ive in­tro­duced the concept of strict li­ab­il­ity for pro­du­cers of de­fect­ive products.
01/09/2014
10 things every in­surer should know about Cent­ral East­ern...
17/11/2017
In­sur­ance Dis­tri­bu­tion Dir­ect­ive: Pro­pos­al to post­pone ap­plic­a­tion...
The In­sur­ance Dis­tri­bu­tion Dir­ect­ive (the “IDD”) came in­to force on 22 Feb­ru­ary 2016; the cur­rent dead­line for trans­pos­i­tion by mem­ber states is 23 Feb­ru­ary 2018. Re­cently, the European Par­lia­ment’s Eco­nom­ic and Mon­et­ary Af­fairs Com­mit­tee (“ECON”) re­com­men­ded.
Iain Batty
17/07/2014
Risk Mat­ters: In­sur­ance Sec­tor news­let­ter Sum­mer 2014
High­light­ing top­ic­al is­sues for in­sur­ance sec­tor par­ti­cipants