Insurance Notes

UK Supreme Court clarifies English law on arbitrator apparent bias

The UK Supreme Court has handed down its judgment in Halliburton Company (Appellant) v Chubb Bermuda Insurance Ltd [2020] UKSC 48, a case …

Court of Appeal overturns refusal to approve Prudential/Rothesay Life transfer

Aggregation considered under the Minimum Terms and Conditions for solicitors' professional indemnity insurance

In Baines v Dixon Coles and Gill [2020] EWHC 2809 (Ch), the High Court has ruled that a number of claims brought against a law firm following the …

Fintech 2021: from crisis to consolidation

Update on FCA’s COVID-19 business interruption insurance test case

1. Headline summary A “consequentials hearing” in the FCA’s COVID-19 test case (The Financial Conduct Authority v Arch and others [2020] EWHC 2448 …

FCA consults on approach to authorising international firms

Practical implications of the ReAssure/Legal & General Part VII judgement

Judgment handed down in FCA's COVID-19 business interruption insurance test case

1. Headline summary The High Court has today handed down judgment in the COVID-19 Business Interruption insurance test case of The Financial Conduct …

Upcoming webinar: Financial services – Update and preparations for no-deal

With UK/EU deal negotiations in the balance and a no-deal scenario still possible, a panel of experts from Herbert Smith Freehills, the Financial Conduct …

UK Supreme Court confirms bank named as loss payee under assignment of insurance policy not bound by exclusive English jurisdiction clause under the Brussels Regulation Recast 1215/2012

In Aspen Underwriting Ltd & Ors v Credit Europe Bank NV (full judgment available here), the Supreme Court recently held that the High Court of …

Scottish Appeal Court revisits first Insurance Act 2015 decision on whether an insurer had waived its right to disclosure

The Scottish Inner House has dismissed the insured’s appeal in Young v Royal and Sun Alliance Insurance Plc [2020] CSIH 25. Upholding the Outer House …

COURT OF APPEAL CONFIRMS INDEMNITY TO BE AWARDED ON A REINSTATEMENT BASIS FOR DAMAGED PROPERTY WHICH HAD NOT BEEN REINSTATED

Endurance Corporate Capital Limited v Sartex Quilts & Textiles Limited [2020] EWCA Civ 308 The Court of Appeal recently dismissed the insurer’s …