Insurance Notes

FCA publishes finalised guidance on GI distribution chain

The FCA has published final guidance for insurance product manufacturers and distributors involved in the general insurance distribution chain (see …

FCA publishes interim report on general insurance pricing practices market study

New regulatory regime for insurance intermediaries in Hong Kong takes effect

The new statutory regime for the regulation of insurance intermediaries in Hong Kong takes effect today. This represents the final stage of …

Updated Brexit Legal Guide launched

Court of Appeal clarifies test for rectifying terms of written contract for common mistake

In an important recent decision, the Court of Appeal has confirmed the test for rectifying a contractual document on the grounds of common mistake: FSHC …

Class actions related appeals heading for the Supreme Court

As in many jurisdictions, class actions are becoming more frequent in the English courts. A body of case law is building up, and that will be added to by …

Regulators extend transitional direction powers in line with Brexit delay

The FCA, Bank of England ("BoE") and PRA yesterday announced measures to extend certain UK-specific Brexit transitional relief provisions for a further …

ICO's proposed largest ever fine of £183 million against BA prompts the question: can you insure penalties imposed for breach of GDPR?

The UK's data protection authority, the ICO, has announced twice in two days this week that it proposes to levy significant fines on organisations for …

FCA calls for input on proposed cross-sector sandbox

New technologies, such as artificial intelligence ("AI") and distributed ledger technology ("DLT"), continue to have a significant impact on the way in …

EU guidance on “no-deal” Brexit suggests increased risk Hague Convention on Choice of Court Agreements won’t apply to exclusive English jurisdiction clauses agreed pre-Brexit

The post below was first published on our Litigation blog. As we have previously noted, there is some uncertainty over whether, following a “no-deal” …

FCA review of the general insurance distribution chain – "at a glance" guide

In line with its continuing focus on fairness in pricing and customer value, the FCA has published a thematic review on the general insurance …

Brexit - Impact of Article 50 extension on the UK Temporary Permissions Regime

Following last week's agreement between the UK and the EU to extend Article 50 until 31 October 2019, the FCA has confirmed that it will also extend the …