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...
Allocation and attachment of lossesAllocationIn the context of insurance and reinsurance, ‘allocation’ is the determination of which insurance policy...
Forms of reinsurance and terminologyThe parties to a reinsurance contract and reinsurance terminologyThe principal parties to any reinsurance contract...
Liability of the reinsurer to the insolvent insurance companyEffect of liquidation on reinsurance recoveriesWhen an insurer goes into liquidation, its...
See Tokio Marine Europe Insurance Ltd v Novae Corporate Underwriting Ltd.It was held in that case, however, that the reinsurer was bound to follow its...
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