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Supreme Court construes aggregation provision in minimum terms and conditions of professional indemnity insurance
The Supreme Court has today handed down its judgment in AIG Europe Limited v Woodman and others [2017] UKSC 18. The Supreme Court allowed the …
Key governance developments - "at a glance" guide for insurers
The governance landscape for insurers continues to develop following the introduction of the Senior Insurance Managers Regime last year and PRA …
Treasury Committee inquiry into Solvency II - the case for change
The House of Commons Treasury Committee ("TC") is looking at the case for changing, or even replacing, Solvency II in a post-Brexit world. Its …
Court of Appeal considers meaning of notification wording
The Court of Appeal has upheld a decision of the Commercial Court that found an insurer could not rely on a notification condition precedent to avoid …
Insurance and Reinsurance Disputes Annual Review 2016 published
We are pleased to share with you our Insurance and Reinsurance Disputes Annual Review of 2016, published today, which provides an overview and analysis …
Court of Appeal considers trigger for liability coverage when settlement is agreed by payment of monies into escrow account
In (1) WR Berkley Insurance (Europe) Limited and (2) Aspen Insurance UK Limited v Teal Assurance Company Limited [2017] EWCA Civ 25, a defendant in a …
Reminder to brokers of the need to advise insureds on policy terms
In RR Securities Ltd v Towergate Underwriting Group Ltd [2016] the Court held a broker liable for failing to advise its insured client that certain …
High Court construes wording as aggregating language to give effect to limit of liability
In Spire Healthcare Limited v Royal & Sun Alliance Insurance Plc [2016] EWHC 3278 (Comm), the High Court considered the wording of a clause in an …
Court of Appeal confirms insured's entitlement to a declaration of indemnity for cost of reinstatement of property damaged by fire
In Great Lakes Reinsurance (UK) SE v Western Trading Limited [2016] EWCA Civ 1003 the Court of Appeal confirmed that the court may make a declaration …
WTC and aggregation: the meaning of "arising from one event"
In MIC Simmonds (Lloyd's Syndicate 994) v AJ Gammell (Lloyd's Syndicate 102) [2016] EWHC 2515 (Comm), Mr Justice Cooke considered an appeal against the …
Brexit - Implications for insurance intermediaries
Following the UK referendum on EU membership, businesses have no alternative but to prepare for the UK's exit from the EU. Our "at a glance" guide …
A guide to the Solvency II remuneration rules and final PRA guidelines
The PRA has issued its final supervisory statement(SS10/16) on the remuneration rules under Solvency II. Because the Solvency II regime came into force …
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