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Governance

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Latest Insurance & Reinsurance News

Ireland—no ‘one stop’ forum—High Court refers part of pandemic insurance claim to arbitration (Charwin T/A Charlie’s Bar v Zavarovalnica Sava Insurance Company)

Ireland—no ‘one stop’ forum—High Court refers part of pandemic insurance claim to arbitration (Charwin T/A Charlie’s Bar v Zavarovalnica Sava Insurance Company)

Ireland—no ‘one stop’ forum—High Court refers part of pandemic insurance claim to arbitration (Charwin T/A Charlie’s Bar v Zavarovalnica Sava Insurance Company)

Government acts to cut cost of flood insurance premiums

Government acts to cut cost of flood insurance premiums

The following Environment news provides comprehensive and up to date legal information on Government acts to cut cost of flood insurance premiums

The limits of disclosure under the pilot—what you won’t get even if you ask (Curtiss v Zurich Insurance plc)

The limits of disclosure under the pilot—what you won’t get even if you ask (Curtiss v Zurich Insurance plc)

The following Construction news provides comprehensive and up to date legal information on The limits of disclosure under the pilot—what you won’t get even if you ask (Curtiss v Zurich Insurance plc)

Insurance & Reinsurance monthly highlights—July 2021

Insurance & Reinsurance monthly highlights—July 2021

The following Insurance & Reinsurance news provides comprehensive and up to date legal information on Insurance & Reinsurance monthly highlights—July 2021

Featured Insurance & Reinsurance content

Insurance premium

Insurance premium

Insurance premiumAn insurance premium is the sum paid for insurance or reinsurance cover and is the consideration paid by the (re)insured for the...

PRA Rulebook—introduction for the insurance and reinsurance sector

PRA Rulebook—introduction for the insurance and reinsurance sector

PRA Rulebook—introduction for the insurance and reinsurance sectorOn 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA...

Motor claims in the Portal—a practical guide (Stage 1)

Motor claims in the Portal—a practical guide (Stage 1)

Motor claims in the Portal—a practical guide (Stage 1)The Pre-Action Protocol for Low Value Personal Injury Claims in Road Traffic Accidents—30 April...

Insurable interest

Insurable interest

Insurable interestThis Practice Note considers insurable interest, including insurable interest in construction and liability insurance. It also...

Practice notes

Subrogation in insurance and reinsurance

Subrogation in insurance and reinsuranceWhat is the right of subrogation?In the context of insurance and reinsurance, the right of subrogation...
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Produced in partnership with Eleanor Ruiz of Reed Smith and Mark Pring of Reed Smith 19th May
Practice notes

Buildings insurance—subrogation rights and waivers

The principle of subrogationSubrogation is the right of an insurer, once it has made payment to its insured for loss covered by an insurance policy,...
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19th May
Practice notes

Liability of the reinsurer to the insolvent insurance company

Liability of the reinsurer to the insolvent insurance companyEffect of liquidation on reinsurance recoveriesWhen an insurer goes into liquidation, its...
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19th May
tag iconIn-house
Practice notes

Brexit—exiting the EU under Article 50 [Archived]

Brexit—exiting the EU under Article 50 [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note contains...
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Produced in partnership with Adam Cygan of University of Leicester 19th May
tag iconBrexit
Practice notes

The registration and regulation of friendly societies

The registration and regulation of friendly societiesWhat is a friendly society?There has been a system of registration, and with it regulation, of...
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Produced in partnership with John Gilbert of Hogan Lovells International LLP 19th May
Practice notes

Double insurance and contribution

Double insurance and contributionOverlapping insurance policesThere are various reasons why an insured may end up with overlapping insurance cover,...
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Produced in partnership with Susie Wakefield and Matthew Brown of Shoosmiths LLP 19th May
Practice notes

Sanctions clauses and the effect of sanctions on insurance policies

Sanctions clauses and the effect of sanctions on insurance policiesIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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Produced in partnership with Daniel Martin of HFW 19th May
Practice notes

What is a contract of insurance?

What is a contract of insurance?This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an...
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Produced in partnership with RPC 19th May
Practice notes

Forms of reinsurance and terminology

Forms of reinsurance and terminologyThe parties to a reinsurance contract and reinsurance terminologyThe principal parties to any reinsurance contract...
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19th May
Practice notes

Insurance reserves, claims data and loss development triangles

Insurance reserves, claims data and loss development trianglesThis Practice Note explains insurance industry practice in relation to loss reserves,...
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19th May
Practice notes

Conduct Rules for SM&CR Firms

Conduct Rules for SM&CR FirmsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation...
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Produced in partnership with Mark Compton and Lauren Smith of Mayer Brown International LLP 19th May
Practice notes

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

Warranty and Indemnity (W&I) insurance in private M&A transactions—guide to the key documentsWith the significant rise in the use of Warranty and...
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Produced in partnership with Adrian Furlonge of Hemsley Wynne Furlonge LLP 19th May
Practice notes

Public liability insurance—basic insurance principles

Public liability insurance—basic insurance principlesPublic liability insurance contractsInsuring clausePublic liability insurance indemnifies a...
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19th May
Practice notes

Insurance—duty of disclosure

Insurance—duty of disclosureDuty of 'fair presentation'Under the Insurance Act 2015, s 3 (IA 2015), the insured has a duty to make a 'fair...
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19th May
Practice notes

The functions and duties of insurance brokers—policy placement

The functions and duties of insurance brokers—policy placementThis Practice Note provides a high level introduction to the functions and duties of...
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19th May
Practice notes

A guide to the Consumer Insurance (Disclosure and Representations) Act 2012

A guide to the Consumer Insurance (Disclosure and Representations) Act 2012Insurance contracts have always had an aura of mystery about them in the...
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Produced in partnership with Alexander Rosenfield of Fenchurch Law and John Curran of Fenchurch Law 19th May

Most recent Governance content

Practice notes

Governance, systems and controls requirements for insurers

Governance, systems and controls requirements for insurersIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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Produced in partnership with Nicholas Thompsell of Fieldfisher 1st Aug
Practice notes

Prudential requirements for UK insurers—Pillar 2 and Pillar 3 requirements

Prudential requirements for UK insurers—Pillar 2 and Pillar 3 requirementsIntroduction to the prudential regulatory frameworkThis Practice Note is one...
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Produced in partnership with Clyde & Co 1st Aug
Practice notes

SM&CR—application to insurers

SM&CR—application to insurersOn 7 March 2016, the Senior Managers and Certification Regime (SM&CR) replaced the Approved Persons Regime (APR) for UK...
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Produced in partnership with Carol-Ann Burton and Margarita Kato of Holman Fenwick Willan LLP and Dominic Pereira as research contributor 1st Aug
Q&As

The PRA Rulebook used to have rules on prudential risk management and associated systems and controls for insurers in SYSC 14. What is prudential risk and what did the rules cover?

The PRA Rulebook used to have rules on prudential risk management and associated systems and controls for insurers in SYSC 14. What is prudential risk...
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31st Jul
Q&As

What options are available under the Senior Managers and Certification Regime for providing maternity cover for the Head of Internal Audit in an SII firm?

What options are available under the Senior Managers and Certification Regime for providing maternity cover for the Head of Internal Audit in an SII...
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31st Jul
Practice notes

SM&CR—policy development and key dates

SM&CR—policy development and key datesOn 7 March 2016, the Senior Managers and Certification Regime (SM&CR) replaced the Approved Persons Regime (APR)...
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31st Jul
Practice notes

The EU Taxonomy Regulation—one-minute guide

The EU Taxonomy Regulation—one-minute guideThis one minute guide, written in partnership with Philippa List, professional support lawyer, and...
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Produced in partnership with Philippa List of Dechert and Mikhaelle Schiappacasse of Dechert 31st Jul
tag iconSustainable Business Toolkit
Practice notes

General reporting requirements

General reporting requirementsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation...
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Produced in partnership with Orrick, Herrington & Sutcliffe 31st Jul
Practice notes

Group risk systems and controls requirements

Group risk systems and controls requirements BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
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31st Jul
Practice notes

Climate-related disclosures for UK financial institutions—new UK mandatory requirements

Climate-related disclosures for UK financial institutions—new UK mandatory requirementsBREXIT: As of exit day (31 January 2020), the UK is no longer...
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Produced in partnership with Arun Srivastava of Paul Hastings 31st Jul
Practice notes

Operational risk requirements for insurers

Operational risk requirements for insurersBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
Read More >
31st Jul
Practice notes

Conduct Rules for SM&CR Firms

Conduct Rules for SM&CR FirmsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation...
Read More >
Produced in partnership with Mark Compton and Lauren Smith of Mayer Brown International LLP 31st Jul
Practice notes

SM&CR—Statements of Responsibility (SoRs)

SM&CR—Statements of Responsibility (SoRs)Banks, building societies, credit unions, PRA-regulated investment firms and insurers are required to file a...
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31st Jul
Practice notes

SM&CR—FCA and PRA Fitness and Propriety requirements

SM&CR—FCA and PRA Fitness and Propriety requirementsThe Senior Managers & Certification Regime (SM&CR) is the Financial Conduct Authority’s (FCA) and...
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Produced in partnership with John Drabble of Kemp Little LLP 31st Jul
Practice notes

Senior management arrangements, systems and controls

Senior management arrangements, systems and controlsThis Practice Note outlines the requirements of the Senior Management Arrangements, Systems and...
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31st Jul
Practice notes

FCA—training and competence

FCA—training and competenceBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...
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31st Jul
Practice notes

Certification Regime for SM&CR firms

Certification Regime for SM&CR firmsThe Certification Regime (CR) is one component of the broader Senior Managers & Certification Regime (SM&CR), the...
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31st Jul

Popular documents

Claiming negligent misrepresentation or negligent misstatement—practical considerations

Claiming negligent misrepresentation or negligent misstatement—practical considerations

Claiming negligent misrepresentation or negligent misstatement—practical considerationsA claim for negligent misrepresentation may often be brought alongside or in the alternative to a claim for negligent misstatement. It is therefore useful to understand the key practical considerations in respect

SRA Code of Conduct for individuals and firms

SRA Code of Conduct for individuals and firms

SRA Code of Conduct for individuals and firmsThis Practice Note provides guidance on the SRA Codes of Conduct, contained in the SRA Standards and Regulations, in force from 25 November 2019. The SRA Standards and Regulations include two Codes of Conduct—a Code forSolicitors, RELs and RFLs and a Code

Pre-trial and case management hearings in the Crown Court

Pre-trial and case management hearings in the Crown Court

Pre-trial and case management hearings in the Crown CourtCoronavirus (COVID-19): This Practice Note contains guidance on subjects impacted by the Coronavirus Act 2020 (CA 2020). CA 2020, among other measures, makes provision for the extended use of live links and audio links in criminal proceedings.

Proprietary estoppel

Proprietary estoppel

Proprietary estoppelThis Practice Note considers proprietary estoppel from a generic standpoint.For industry specific guidance on proprietary estoppel, see Practice Notes:•Estoppel and property law•Mortgages by estoppelProprietary estoppel—what is it?Unlike the other forms of estoppel (see Practice