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IVASS Authority delated the prohibition of transfer of only claims’ portfolios

Following consultations on amendments to the ISVAP Regulation n.14/2008, with Provision No. 107/2021, IVASS eventually delated the specific prohibition of transfer of only claims’ portfolios. The Regulator’s stated goal is to keep the Italian regulatory framework in line with other European systems and with Solvency II, granting a greater degree of flexibili…

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The Italian Superbonus 110%

The Italian Superbonus 110%

As a key component of Italy’s COVID-19 recovery plan, the government launched the “ Superbonus 110% ”: a very appealing tax credit for those who will carry out requalification of real estate properties. The economic convenience is clear: “ 110%” means that every 100,00 € spent on renovation work, 110,00 € is gained as a fiscal credit. This provision will inc…

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Transfer of policies to Lloyd’s Insurance Company S.A.

Transfer of policies to Lloyd’s Insurance Company S.A.

Lloyd’s proposes to transfer certain insurance policies entered into within the EEA (European Economic Area) to Lloyd’s Insurance Company S.A. The transfer will not alter the terms and conditions of those policies, except that Lloyd’s Insurance Company S.A. will become the insurer and data controller in relation to the transferred policies. Further informati…

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