Explore the pivotal elements involved in drafting, interpreting, and enforcing insurance and reinsurance contracts. Gain insights into essential clauses, risk considerations, and common pitfalls to ensure comprehensive coverage and compliance. Equip yourself with the expertise needed to adeptly handle contractual ambiguities and disputes, streamlining your practice in this specialised area. Stay informed about the latest legal developments and judicial decisions influencing contract formulation and negotiation. Enhance your proficiency in delivering precise and pragmatic advice to clients, fortifying your position as an adept legal professional in insurance and reinsurance law.
This week's edition of Insurance weekly highlights includes: the PRA’s updated statement of policy on it’s approach to the publication of Solvency II...
This week's edition of Insurance & Reinsurance weekly highlights includes: the PRA’s consultation on amalgamations and transfer guidance for friendly...
This week's edition of Insurance weekly highlights includes: PRA and FCA consult on plan to allow firms to establish their own captive insurers in the...
This week's edition of Insurance weekly highlights includes: Nord Stream loses €580 million claim following war exclusion ruling (Nord Stream AG v...
Public liability insurance—essentialsPublic liability insurancePublic liability insurance is a form of liability insurance that indemnifies a...
Subrogation in insurance and reinsuranceWhat is the right of subrogation?In the context of insurance and reinsurance, the right of subrogation...
Insurable interestThis Practice Note considers insurable interest, including insurable interest in construction and liability insurance. It also...
Insurance agents and brokersWhat is the difference between an agent and a broker?Where insurance is transacted through an intermediary, that...
Exclusion clauses in insurance contractsWhat are exclusion clausesUnlike some exclusion or exemption clauses in ordinary contracts, an exclusion clause in a contract of insurance is not usually designed to exclude, restrict or limit a party’s legal liability. Rather, these clauses carefully define
Subrogation in insurance and reinsuranceWhat is the right of subrogation?In the context of insurance and reinsurance, the right of subrogation entitles an insurer or reinsurer, having indemnified the (re)insured, to ‘step into its shoes’ to bring an action in the (re)insured’s name. For the purpose
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
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