Understanding the roles and responsibilities of intermediaries is crucial for legal professionals in the insurance and reinsurance sector. This topic provides essential insights and practical guidance on market practices, regulatory requirements, and the evolving landscape of intermediary activities. Stay updated on the latest developments and ensure compliance with industry standards. Enhance your expertise and effectively advise your clients by delving into the detailed aspects of the intermediary market.
This week's edition of Insurance & Reinsurance weekly highlights includes: EIOPA submits advice to Commission on Taxonomy disclosures; the IAIS calls...
This week's edition of Insurance & Reinsurance weekly highlights includes: the Budget’s appointment of a Co-operatives and Mutuals Champion; the HoL...
The UK Supreme Court has unanimously allowed the appeal in The Kingdom of Spain v The London Steam-Ship Owners' Mutual Insurance Association Ltd (No...
This week's edition of Insurance & Reinsurance weekly highlights includes: Insurers lose application to pull Petrofac executives’ £45 million defence...
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...
The functions and duties of insurance brokers—policy placementThis Practice Note provides a high level introduction to the functions and duties of insurance brokers and explains the roles of insurance brokers and their duties in relation to the placement of insurance policies. It also provides
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
Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a
Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an
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