New Recovery Planning Regulations for (Re)insurers authorised by the Central Bank of Ireland

Under new Regulations commenced on 19 April 2021, (re)insurers authorised by the Central Bank of Ireland (CBI) are now required to prepare pre-emptive recovery plans by 31 March 2022. Where a (re)insurer is newly authorised on or after 19 April 2021, the deadline for preparation of the plan is within 12 months of authorisation. 
In this publication, we highlight key elements of this development that are of particular importance for Irish (re)insurers.
 
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For more information on this topic, please contact Sinéad Lynch, Partner, Laura Mulleady, Partner, James Grennan, Partner, Catherine Lee, Solicitor or any member of A&L Goodbody's Insurance & Reinsurance team.
 
Date Published: 14 May 2021