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Latest Insurance & Reinsurance News

CPR Committee annual open meeting—14 May 2021

The following Construction news provides comprehensive and up to date legal information on CPR Committee annual open meeting—14 May 2021

Aon floats $US 3.5bn disposal after probe into Willis merger

The following Insurance & Reinsurance news provides comprehensive and up to date legal information on Aon floats $US 3.5bn disposal after probe into Willis merger

Evaluating insurance options in light of Suez Canal blockage

The following Insurance & Reinsurance news provides comprehensive and up to date legal information on Evaluating insurance options in light of Suez Canal blockage

USA—New Jersey pandemic insurance bill stalled

The following Insurance & Reinsurance news provides comprehensive and up to date legal information on USA—New Jersey pandemic insurance bill stalled

Featured Insurance & Reinsurance content

Insurance and reinsurance arbitration—an introduction

Arbitrations arising from insurance and reinsurance disputes share many common features with other types of commercial arbitration. This Practice Note...

Overview of the EU legal system

Brexit: This Practice Note contains guidance on subjects impacted by the UK’s withdrawal from the EU. As of 31 January 2020 (exit day), the UK is no...

Warranty and Indemnity (W&I) insurance in private M&A transactions—guide to the key documents

With the significant rise in the use of Warranty and Indemnity (W&I) insurance in private M&A transactions, lawyers are increasingly involved in the...

Fraud, exaggeration and LVIs in personal injury claims

DefinitionsFraudDefined in Derry v Peek as where it is shown that:'a false representation has been made (1) knowingly, or (2) without belief in its...

Practice notes

Insurance—duty of disclosure

Duty of 'fair presentation'Under the Insurance Act 2015, s 3 (IA 2015), the insured has a duty to make a 'fair presentation' of the risk to the...

9th Nov

Practice notes

Limitation—professional negligence claims

This Practice Note looks at the limitation period for professional negligence (prof neg) claims and explains how to determine the date of accrual in...

9th Nov

Practice notes

Financial Conduct Authority—Principles for Businesses (PRIN)

This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the...

9th Nov

Practice notes

Motor insurance

Brexit: The UK's departure from the EU on exit day, ie 31 January 2020, has implications for practitioners considering road traffic accidents. For...

9th Nov

Practice notes

General principles of insurance contract law

What is insurance law?Insurance law can be split into three parts:•insurance contract law which governs the contractual relationship between insureds...

9th Nov

In-house

Practice notes

Insurance—non-vitiation (non-invalidation) clauses

Vitiation of an insurance policyAn insurance policy may be vitiated (or invalidated) if the insured:•misrepresents or fails to disclose any material...

9th Nov

In-house

Practice notes

Decennial insurance

Decennial insurance is insurance that is taken out by contractors to cover costs associated with the potential collapse of a building after completion...

Produced in partnership with David Savage of Charles Russell Speechlys LLP 12th Jan

Practice notes

Claim for subrogation—a restitutionary remedy

What is subrogation?Subrogation is an equitable mechanism aimed at preventing unjust enrichment by permitting one party to ‘step into the shoes’ of...

9th Nov

Practice notes

What is fundamental dishonesty?

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...

9th Nov

Practice notes

Sanctions clauses and the effect of sanctions on insurance policies

The Practice Note entitled EU/UK financial and trade sanctions for insurers outlines the sanctions applicable to insurers, the nature of those...

Produced in partnership with Daniel Martin of HFW 12th Jan

Practice notes

Marine insurance—general principles

This Practice Note describes the main principles of marine insurance as governed by the Marine Insurance Act 1906. It looks at the principles of...

9th Nov

Practice notes

Forms of reinsurance and terminology

The parties to a reinsurance contract and reinsurance terminologyThe principal parties to any reinsurance contract are the reinsurer, who assumes the...

9th Nov

Practice notes

What is a contract of insurance?

This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an arrangement constitutes a contract of...

Produced in partnership with RPC 12th Jan

Practice notes

PRA Rulebook—introduction for the insurance and reinsurance sector

On 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook...

9th Nov

Practice notes

Insurance conduct regulation—COBS and ICOBS

The Financial Conduct Authority Handbook (FCA Handbook) includes sourcebooks to regulate the conduct of business by a regulated firm relevant to...

9th Nov

Practice notes

Double insurance and contribution

Overlapping insurance policesThere are various reasons why an insured may end up with overlapping insurance cover, whether deliberately or...

Produced in partnership with Susie Wakefield and Matthew Brown of Shoosmiths LLP 12th Jan

Most recent Highlights and horizon scanning content

Practice notes

Insurance & Reinsurance—Horizon scanning

Insurance & Reinsurance—Horizon scanningThis Practice Note provides a summary of some of the key legal and regulatory developments that may impact...

Produced in partnership with Amy Nesbitt of Weightmans 16th May

Practice notes

Implications of climate change for the insurance industry

Implications of climate change for the insurance industryThe effect of climate change continues unabated. Indeed, evidence of the relationship between...

Produced in partnership with Mike Grant of Weightmans 16th May

Practice notes

Regulation of distributed ledger technology applications for financial services

Regulation of distributed ledger technology applications for financial servicesBREXIT: The UK is leaving EU on Exit Day (as defined in the European...

15th May

Practice notes

Sustainable finance and ESG—key global principles for financial institutions

Sustainable finance and ESG—key global principles for financial institutionsGlobal sustainable finance and ESG initiatives for financial...

Produced in partnership with Dianne Bell of Freelance 15th May

Sustainable Business Toolkit

Practice notes

FCA consultation paper tracker—2020

FCA consultation paper tracker—2020BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation...

15th May

Practice notes

UK and EU regulation of financial innovations and fintech

UK and EU regulation of financial innovations and fintechThe UK fintech sectorThis Practice Note provides an overview of the most prevalent financial...

15th May

Practice notes

Aon plc/Willis Towers Watson (M.9829)

Aon plc/Willis Towers Watson (M.9829)CASE HUB See further, timeline.Case factsOutlineEuropean Commission merger investigation into the proposed...

15th May

Practice notes

Global, EU and UK sustainable finance initiatives

Global, EU and UK sustainable finance initiativesIn response to the Paris Agreement, governments and intra-governmental organisations launched a...

Produced in partnership with Kathryn Emmett, Rosa Mottershead, Rob Marsh, Andrew Hedges, Imogen Garner and Cara Dowling of Norton Rose Fulbright 15th May

Sustainable Business Toolkit

Practice notes

Autonomous vehicles and insurance

This Practice Note considers the impact of Part 1 of the Automated and Electric Vehicles Act 2018 (AEVA 2018) on the UK’s motor insurance framework,...

Produced in partnership with Hogan Lovells 5th May

Practice notes

Autonomous vehicles—key legal issues

This Practice Note considers the following issues in relation to the development and use of autonomous and connected vehicles (also referred to as...

Produced in partnership with Lucy McCormick of Henderson Chambers 29th Apr

Q&As

Does the Insurance Distribution Directive apply to insurance intermediaries distributing only general insurance products (ie no insurance-based investment products)? What is the process for conflicts of interest for insurance intermediaries distributing only general insurance products (ie no insurance-based investment products)? What is the process for conflicts of interest for insurance intermediaries distributing insurance-based investment products?

Insurance Intermediaries: conflicts of interest and the Insurance Distribution Directive (IDD)This Q&A addresses how insurance intermediaries should...

Produced in partnership with Julia Dias QC of 7KBW 9th Apr

Q&As