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Mitigating cyber security exposures: Risk transfer through cyber insurance
Now may be the time to review your cyber risk mitigation strategy and give serious consideration to whether the financial cost of cyber attacks could be …
Revised IDD text published
The revised text of the Insurance Distribution Directive (IDD) was published in July, following agreement by the EU institutions under the "trilogue" …
A new regime for senior insurance managers: changes to the approved persons regime for Solvency II firms
In November 2014, the PRA and the FCA proposed wide-ranging reforms of the Approved Persons Regime (APR) for insurers and reinsurers. The PRA will …
Privy Council decision on limitation in professional negligence cases
A recent Privy Council decision has considered the point at which damage is suffered where a claimant has entered into a flawed transaction as a result …
Court requires disclosure of insurance details by defendant in personal injury context – wider implications as yet unclear
In Senior v Rock UK Adventure Centres and other the court ordered disclosure of the defendant’s insurance arrangements in the context of a personal …
FCA expresses concern over use of Delegated Authorities in General Insurance
A recent FCA report on the use of delegated authorities in general insurance serves as a warning to insurers, in particular, to look carefully at whether …
Court of Appeal considers conflicting jurisdiction clauses in broker's TOBA and Insurance Framework Agreement
In the recent case of Trust Risk Group SPA v AmTrust Europe Ltd [2015] EWCA Civ 437 the Court of Appeal held that there was a good arguable case that the …
Supreme Court confirms employer's liability insurers have a right to seek contribution from the insured and other insurers in mesothelioma claims
An employer which exposes an employee to asbestos creating a risk of mesothelioma is, as matter of English law, treated as causing later contracted …
Court of Appeal considers meaning of a Product under a Contractors' Combined Liability Policy
In Aspen Insurance UK Limited v Adana Construction Limited [2015] EWCA Civ 176, the Court of Appeal considered the meaning of a "Product" under the terms …
Court of Appeal reaffirms that rights of recovery and subrogation in situations of joint insurance will depend upon the terms of the underlying contractual relationship
In the recent cases of Gard Marine & Energy Ltd v China National Chartering Co Ltd and China National Chartering Co Ltd v Daiichi Chuo Kisen Kaishai …
Solvency II and Non-Executive Directors
The PRA and FCA have confirmed their approach to non-executive directors (NEDs) under the Senior Insurance Managers Regime (SIMR). Some …
Insurance and Reinsurance Disputes Annual Review 2014 published
We are pleased to share with you our Insurance and Reinsurance Disputes Annual Review of 2014, which provides an overview and analysis of the key …
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