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Recent regulatory developments of interest to insurers and their intermediaries. See also our General regulatory news in the Related Materials links.
Contents
How competitive are UK insurance markets? Bank Underground article
TCFD recommendations: UNEP FI pilot report and guidance for insurers
COVID-19: Supreme Court judgment in FCA s BI insurance test case
On 15 January 2021, the Supreme Court handed down judgment in FCA v Arch Insurance (UK) Ltd and others [2021] UKSC 1 on the issues on appeal from the High Court in the test case brought by the FCA seeking legal clarity on the meaning and effect of certain non-damage business interruption (BI) insurance policy wordings. The FCA has published a press release and updated its dedicated webpage on the test case to summarise the key aspects of the judgment and outline the next steps.
ACCA Year in Review: demanding conditions in a year like no other
Verdict Staff January 26, 2021 (Last Updated January 26th, 2021 10:47)
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2020 has highlighted the invaluable role professional accountants play in steering organisations through intensely demanding conditions. ACCA chief executive Helen Brand takes a look back at the year gone by
Every ACCA member in every type and size of organisation has needed to step up to the unprecedented challenges created by the global pandemic. And this has made all of us at ACCA incredibly proud, as we have worked to support our members and future members every step of the way.
UK: Zennor launches Net Zero Carbon Strategy and achieves carbon neutrality in 2020
25 Jan 2021
Zennor Petroleum, the independent UK based oil and gas company engaged in the appraisal, development, and production in the UKCS, supports the goal of the Paris Agreement to achieve a carbon neutral global economy.
In line with that support and as part of its ongoing Net Zero journey, Zennor is launching its
Net Zero Carbon Strategy and announces that it has become
one of the first North Sea E&P companies to achieve carbon neutrality for 2020 in Scope 1 and 2 CO2 emissions.
This has been achieved initially by offsetting CO2 emissions through programmes aligned with the UN Sustainable Development Goals.
Kamecia Mason Named Vice President of Diversity, Equity and Inclusion for McCarthy Holdings, Inc.
Kamecia Mason Named Vice President of Diversity, Equity and Inclusion for McCarthy Holdings, Inc. McCarthy Holdings, Inc. is pleased to announce Kamecia Mason has been selected to serve as the firms Vice President, Diversity, Equity and Inclusion (DE&I). In this new role, she will build upon and expand significant company DE&I efforts already in place to evolve the firms national internal and external strategy and implementation. Mason, based in Dallas, will work in close collaboration with regional diversity directors across the company and will report directly to CEO Ray Sedey.