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István Pozsgay
Of Counsel

István Pozsgay

Languages
  • Hungarian
  • English

István Pozsgay is an Of Counsel in the Insurance Group of CMS Budapest. 

István is an experienced commercial, transactional and regulatory legal professional, who worked for several US-based insurance companies in Hungary prior joining CMS. He served as Head of Legal and Data Protection Officer at MetLife Hungary and prior to that, he held various key positions at AIG/ALICO Hungary. 

Besides insurance regulatory matters, István also has robust experience in compliance and data protection matters, including the implementation of integrated privacy governance and data protection systems, implementation and maintenance of compliance policies and procedures as well as risk management protocols.

Relevant experience

  • MetLife/Alico on a buyout process (international M&A) and MetLife/Aviva on a buyout process (local project) with strong regulatory implications.
  • Supervising the implementation of several complex regulatory initiatives in the insurance sector.
  • Comprehensive regulatory advising for FOS insurers and intermediaries having business in the Hungarian market.
  • Product localisation for FOS and FOE insurers on recurring basis to ensure local compliance, legal advising to complaint handling and claims policies and procedures.
  • A Hungarian General Insurance Company – on litigation and criminal, insurance and regulatory law support to a local insurance company having critical claims and financial exposure to FOS passported policy portfolio in another EU country.

Memberships & Roles

  • 1996 - Budapest Bar Association

Education

  • 2003 - Registered Insurance lawyer 
  • 1991 - Faculty of Law, Cum Laude, Eötvös Loránd University, Hungary
sectors

Insights by István

D&O insurance

24 Mar 2023

Insurance and ESG - challenges and contradictions

31 Jan 2023 8 min read

Regulation of corporate insurance contracts and related practical considerations

02 Dec 2022

CMS Budapest strengthens its Insurance practice with a senior hire

09 Oct 2017 2 min read
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