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 Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an arrangement constitutes a contract of...
Under the general prohibition a person cannot carry out a regulated activity, or purport to carry out a regulated activity, in the UK unless they are...
This document tracks the movement of where (re)insurance companies will move in order to retain ‘passporting’ rights, following the UK’s decision to...
IntroductionOne of the purposes of a commercial contract is to allocate risk and liability through, for example, the provision of indemnities. In this...
In some instances someone may suffer damage that results partly from their own fault and partly from the fault of someone else. A claim in respect of...
The parties to a reinsurance contract and reinsurance terminologyThe principal parties to any reinsurance contract are the reinsurer, who assumes the...
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...
AllocationIn the context of insurance and reinsurance, ‘allocation’ is the determination of which insurance policy a loss or part of a loss is covered...
Aggregation—backgroundAggregation remains a major issue in the settlement of insurance and reinsurance claims leading to a number of disputes across...
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