This Practice Note looks at the limitation period for professional negligence (prof neg) claims and explains how to determine the date of accrual in...
What is insurance law?Insurance law can be split into three parts:•insurance contract law which governs the contractual relationship between insureds...
Vitiation of an insurance policyAn insurance policy may be vitiated (or invalidated) if the insured:•misrepresents or fails to disclose any material...
Decennial insurance is insurance that is taken out by contractors to cover costs associated with the potential collapse of a building after completion...
This Practice Note considers fundamental dishonesty both in the context of section 57 of the Criminal Justice and Courts Act 2015 (CJCA 2015) and the...
The parties to a reinsurance contract and reinsurance terminologyThe principal parties to any reinsurance contract are the reinsurer, who assumes the...
This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an arrangement constitutes a contract of...
On 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook...
Corporate Insolvency and Governance Act 2020—This Act makes amendments to the Insolvency Act 1986, including the insertion of a new moratorium process...
Notice of assignment[To be printed on the headed notepaper of the assignor]To: [insert name and address of the relevant insurer]Date: [•]Dear [insert...
[to be printed on headed notepaper of Association][insert name of assignee][insert address of assignee]Dear Sirsm.v. '[insert name of vessel]'—[insert...
Applicable legislationInsolvency laws generally make special provisions for insurance companies, because of the regulated status of the industry and...
What are insurance linked securities?Insurance Linked Securities (ILS) are an alternative form of risk mitigation for insurance and reinsurance firms....
Duties of an office-holder to realise propertyInsolvency procedures (such as administration, liquidation or bankruptcy) involve the appointment of an...
Consistent with the common law of contract, an insurer is not able to transfer the burden of its obligations under a contract of insurance without the...
This document tracks the movement of where (re)insurance companies will move in order to retain ‘passporting’ rights, following the UK’s decision to...
Status of the UKAs of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK...
BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the...
STOP PRESS: From 6 April 2017, the Insolvency Rules 1986, SI 1986/1925 were revoked and replaced by the Insolvency (England and Wales) Rules 2016 (IR...
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