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NEWS
This week's edition of Insurance weekly highlights includes: AXA Insurance Plc v Maher; an analysis of an Aon Plc report on M&A cover; plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: AI crucial to navigate shift in insurance risks, Swiss Re says; Lloyd's delays overhaul of markets IT until 2028; CP25/24: FCA consultations includes reducing the frequency that retail intermediaries must submit data to it under the retail mediation activities return; Commission Implementing Regulation setting Q3 2025 Solvency II technical calculations framework published in Official Journal; plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: Case analysis written by Sarah Prager KC, barrister at Deka Chambers in relation to the interaction between the Civil Liability (Contribution) Act 1978 and the Third Parties (Rights Against Insurers) Act 2010; Insured losses from disasters to top US$135bn, Swiss Re says; Insurers set to see boost from UK discount rate change; Insurance giant Allianz warns of rising insolvencies in 2025; PRA consults on liquidity reporting reforms for insurers; FCA outlines Consumer Duty focus areas and priorities for 2024/25; FCA issues updated perimeter report of December 2024; UK insurers post leadership diversity gains; FSB publishes inaugural list of insurers subject to resolution planning standards; IAIS adopts global insurance capital standard; cases and decisions; key dates for your diary; and other news highlights reported over the past week.
NEWS
This week's edition of Insurance weekly highlights includes: Tyson International Company Ltd v Gic Re, India, Corporate Member Ltd (sued as the Sole Corporate Member for Syndicate 1947 At Lloyd's of London for the 2021 and 2022 Years of Account); Liberty Mutual Insurance Europe Se v Bath Racecourse Company Ltd (and 21 other Claimants listed in Appendix 1 to the Particulars of Claim); Pan-NOx Emissions Group Litigation; Driverless technology unlikely to immediately hit UK insurers; Lloyd's reinsurer loses fire payout jurisdiction dispute plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: War risk insurers held liable for jets stranded in Russia (AerCap Ireland Ltd v AIG Europe SA and another); UK ransomware ban could boost cost of cyber-insurance; UK insurers abusing dishonesty defence, legal body warns; Insurers Using More 'Sweep-Up' Clauses In Policies; Lloyd's broker faces 2027 trial over US$3m bribery scheme; UK needs modern sanctions rules, ex-Lord Chancellor warns; Solvency II—Commission consults on draft delegated decision regarding provisional equivalence for third-country insurers within EU-headquartered groups; plus dates for your diary and key recent cases.
NEWS
This week's edition of Insurance weekly highlights includes: Re River Re Ltd; PRA fines U K Insurance Limited £10.6m for Solvency II miscalculation plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: ExCeL wins landmark £16m coronavirus (COVID-19) business interruption insurance test case; Aon, Marsh want Ukraine reinsurance exclusions lifted; London reinsurance sector grew to £11bn in 2023; update to the Insurance and Reinsurance Undertakings (Prudential Requirements) (Amendment and Miscellaneous Provisions) Regulations 2024; European Commission publishes competitiveness strategy for Europe; cases and decisions; key dates for your diary; and other news highlights reported over the past week.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: FCA names first solo-regulated firms to join Scale-up Unit, PRA publishes modification by consent for run-off firms that wrote general insurance, credit and suretyship, plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: Insurers say stranded jets not covered by war risks policies; the case of Leggett and others v American International Group UK Ltd; UK car insurers named and shamed for claims delays; Insurers call for tougher line on cladding after Grenfell; Government introduces reforms to UK terrorism reinsurer; Global commercial insurance rates drop 2% in late 2024; Allianz UK detects £157m record level of fraud in 2024; Man sentenced over £60k coronavirus (COVID-19) travel insurance fraud; Commission Implementing Regulation on technical information as required by the Solvency II Directive published in Official Journal; EIOPA launches consultation on AI governance and risk management Opinion for insurance sector; cases and decisions; key dates for your diary; and other news highlights reported over the last week.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: stranded plane claims belong in Ukraine, UK judge says; Lloyd’s to open Miami office for Latin American market; Council of the EU reaches agreement on retail investment package; EU insurers face fair value scrutiny; PRA sets out final policy on reform of the matching adjustment.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: Howden sued for £20m over hotel chains COVID-19 losses; the case of Dormer (a protected party, by his mother and litigation friend Iteen Dormer) v Wilson and others; Insurers to benefit from Italy’s mandatory catastrophe cover; Berkeley and contractor settle £15m Grenfell-style cladding claim; FCA awaits government’s answer to City Consumer Duty pushback; FCA retains exceptional circumstances test for announcing investigations; UK regulators address diversity and inclusion proposals: current status and future plans; cases and decisions; key fates for your diary; and other news highlights reported over the past week.
NEWS
This week's edition of Insurance weekly highlights includes: SMEs fight Liberty Mutual on discovery wording and COVID-19; UK cyber-insurance payouts soar amid rising digital threats; Amlin dodges US$47m award over ‘pay first’ clause in ship row; BoE vows to make captive insurance regime competitive; FCA faces balancing act in response to super complaint; plus key cases and dates for your diary.