Sign-in Help

Marine

View Insurance & Reinsurance by content type:

News
Practice notes
Precedents
Q&As

Latest Insurance & Reinsurance News

Continuing duties after Walsham—limitation and the pitfalls of delay (Equitas v Sande Investments)

Continuing duties after Walsham—limitation and the pitfalls of delay (Equitas v Sande Investments)

The following Commercial news provides comprehensive and up to date legal information on Continuing duties after Walsham—limitation and the pitfalls of delay (Equitas v Sande Investments)

MV Ever Given—Suez Canal blockage—insurance implications

MV Ever Given—Suez Canal blockage—insurance implications

The following Insurance & Reinsurance news provides comprehensive and up to date legal information on MV Ever Given—Suez Canal blockage—insurance implications

FCA review of insurance pricing ‘weighs down outlook’

FCA review of insurance pricing ‘weighs down outlook’

The following Financial Services news provides comprehensive and up to date legal information on FCA review of insurance pricing ‘weighs down outlook’

UK insurance ‘lags’ on environment, but leads for governance, says EY

UK insurance ‘lags’ on environment, but leads for governance, says EY

The following Environment news provides comprehensive and up to date legal information on UK insurance ‘lags’ on environment, but leads for governance, says EY

Featured Insurance & Reinsurance content

Double insurance and contribution

Double insurance and contribution

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

Insurance conduct regulation—COBS and ICOBS

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...

PRA Rulebook—introduction for the insurance and reinsurance sector

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...

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 arrangement constitutes a contract of...

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...
Read More >
9th Nov
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...
Read More >
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...
Read More >
Produced in partnership with Daniel Martin of HFW 12th Jan
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...
Read More >
9th Nov
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...
Read More >
9th Nov
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...
Read More >
Produced in partnership with David Savage of Charles Russell Speechlys LLP 12th Jan
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...
Read More >
9th Nov
tag iconIn-house
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...
Read More >
9th Nov
tag iconIn-house
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...
Read More >
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...
Read More >
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...
Read More >
9th Nov
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...
Read More >
9th Nov
Practice notes

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...
Read More >
Produced in partnership with Andrew Wilson 12th Jan
Practice notes

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...
Read More >
Produced in partnership with Adrian Furlonge of Hemsley Wynne Furlonge LLP 12th Jan
Practice notes

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...
Read More >
Produced in partnership with Laura Bolado 12th Jan
tag iconBrexit
Practice notes

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...
Read More >
Produced in partnership with Ralph Morley of 7KBW 12th Jan

Most recent Marine content

Precedents

Mutual insurance association letter of undertaking: for notice of assignment of insurances in shipping finance

[to be printed on headed notepaper of Association][insert name of assignee][insert address of assignee]Dear Sirsm.v. '[insert name of vessel]'—[insert...
Read More >
12th Apr
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...
Read More >
9th Apr
Practice notes

General insurance types

Consumer insurance and commercial insurance for businessesThis Practice Note provides an overview of some of the most common types of insurance that...
Read More >
Produced in partnership with Alexander Rosenfield of Fenchurch Law and John Curran of Fenchurch Law 25th Mar
Precedents

Insurance broker’s letter of undertaking: for a ship finance transaction

To: The mortgagee/lessor/guarantorDear Sirsm.v. '[name of vessel]'—[name of owner]We confirm that we have effected insurances for the account of the...
Read More >
13th Feb

Popular documents

LEXISNEXIS

What is a statutory declaration of solvency, and what happens if a false declaration of solvency is made

Statutory declaration of solvencyA company enters voluntary liquidation when the members of the company vote to do so by a special resolution. For more information, see Practice Note: What is a members' voluntary liquidation (MVL) and where/when is it typically used?Before the members can vote on a

LEXISNEXIS

Non-UCITS retail schemes (NURS)

BREXIT: As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. This has an impact on this Practice Note. For further guidance on

LEXISNEXIS

What is a tort?

This practice note provides an introduction to tort law by addressing three questions:•what does the concept of being liable in tort mean? And how does tort relate to contract and criminal law•how has the law of tort developed?•what is the scope of tort, ie what interests does it protect? What

LEXISNEXIS

The equity of redemption

Disposal and devolutionThe equity of redemption arises as soon as the mortgage is made. It is an interest in the land which the mortgagor can:•transfer, lease or mortgage inter vivos, or•by will (it passes on intestacy)No cloggingIt is a fundamental principle of a mortgage that there must be no clog