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NEWS
This week's edition of Insurance weekly highlights includes: Court of Appeal rules on composite policies and furlough deductions (Bath Racecourse v Liberty Mutual); Insurers lose application to avoid US$37m ship detention payout; UK subsidence claims hit £153m amid record warm spring; Insurance broker Aon warns of looming market shift; Motor finance ruling shifts focus to wider broker-fee cases; Global insured losses hit US$80bn in record first half of 2025; Reform of the SM&CR—Proposals and next steps plus dates for your diary and key recent cases.
NEWS
This week's edition of Insurance weekly highlights includes: an Irish aircraft operating company adds 24 reinsurers to its lawsuit that aims to recover US$44m to cover the loss of a plane leased to a Russian airline and held there after the country's invasion of Ukraine; the Building Safety Act 2022 (BSA 2022) on 28 April 2022, received royal assent, bringing about the biggest change to building safety in 40 years; Association of British Insurers (ABI)’s response to the Spring Budget 2024; Lloyd’s Market Association (LMA) and Insurance Capital Markets Research (ICMR) plans to release a report into Lloyd’s results following the publication of all the syndicates’ accounts on 28 March 2024. Lloyd’s report on Generative AI; and Treasury Committee’s report following an inquiry into the sexual harassment and bullying culture against women in the City; cases & 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: Re The Russian Aircraft Litigation—Operator Policy Claims; Aon says Middle East conflict could reduce insurance capacity; FCA issues update on Elite Insurance Company Ltd’s administration plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: Insurers urge shared approach to define major cyber-events; Young drivers buying fake insurance, Aviva says; Global M&A insurance claims slumped by 21% in 2023; FCA fines and bans director for misusing insurer funds and misleading regulator; EIOPA consults on mass-lapse reinsurance and termination clauses to enhance risk mitigation guidance; EIOPA publishes final report on prudential treatment of sustainability risks; 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: several (re)insurers deny liability for losses stemming from planes stranded in Russia; what steps businesses can take after CrowdStrike failure; insurers call for planning reform as claims surge to £1.4bn; pay riot damage claims quickly, government urges UK insurers; insurer Hiscox puts aside US$28m to cover Baltimore bridge; Aon calls for more transparency on funded reinsurance; FCA fines and bans insurance broker for acting without honesty and integrity; an analysis on what EU opinion may mean for ESG product classification; EIOPA publishes follow-up report on the collaboration of insurance supervisory authorities; IAIS publishes consultation paper on the draft Application Paper on Operational Resilience Objectives; cases & 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: the UK Supreme Court rules insurers must pay out on third-party hire car losses (Armstead v Royal & Sun Alliance Insurance Company Ltd); a case analysis on Gatwick Investments Ltd v Liberty Mutual Insurance Europe SE; court says catastrophe applies in coronavirus (COVID-19) reinsurance cases; marine insurer Skuld cancels Red Sea war risks; the Royal Institute of British Architects (RIBA) published a new professional indemnity insurance guide; UK insurers agree to pause sale of guaranteed asset protection cover; cases & 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: Mercantile Indemnity Company Ltd [2025] EWHC 3396 (Ch); Unity Ship Group SA v Euroins Insurance JSC [2026] EWHC 7 (Admlty); Aircraft company settles US$44m claim over plane stranded in Russia; ESRB supports EIOPA’s proposed guidelines on supervisory powers to remedy liquidity vulnerabilities plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: AIG wins COVID-19 loss payout dispute with Cornish hotels; Franco Manca owner settles coronavirus (COVID-19) cover dispute with QIC; WTW launches insurance solution for FinTech companies; Marsh blamed for US$143m loss on Greensill as trial opens; CP25/12—FCA consults on simplifying insurance rules; Lloyd's body calls for reduced reporting under new CEO; EU Solvency II: implementing regulation regarding calculation of technical provisions and basic own funds for reporting for Q2 2025 published in OJ; plus recent cases and key dates for your diary.
NEWS
This week's edition of Insurance weekly highlights includes: Re EC3 Brokers Ltd (In Administration) plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: Broker launches Ukraine property war risk reinsurance; Gallagher settles £15m Koko venue negligence claim; Motor insurer could get £100m boost from rate change; PRA sends Dear CEO letter to PRA-regulated Insurance firms regarding its 2025 priorities for the UK Insurance sector; BoE eyes relaxed financial regulation to support growth; EIOPA publishes 2024 consumer trends report; key dates for your diary; and other news highlights reported over the past week.
NEWS
This week's edition of Insurance weekly highlights includes: PRA and FCA consult on plan to allow firms to establish their own captive insurers in the UK, EIOPA publishes consultations, guidelines and draft RTS on IRRD implementation, IAIS updates application papers on recovery and resolution, plus key cases and dates for your diary.
NEWS
This week's edition of Insurance & Reinsurance weekly highlights includes: UK broker WTW launches Ukraine land war insurance cover; MPs mull using frozen Russian assets for Ukraine recovery; taxpayers could face bill for 'shadow fleet' oil spill; Coronavirus (COVID-19) business interruption—Disease clauses revisited (Bellini v Brit); Amtrust loses cap costs dispute in Lloyd’s syndicate deal (Premia Reinsurance Ltd v AmTrust International Insurance Ltd); Court of Appeal rules on exclusion in W&I policy (Project Angel Bidco v Axis); insurer beats engineering companies new bid for US$10m payout (Medgulf); Lloyd's tightens cyberwar insurance cover; the British Insurance Brokers' Association (BIBA) publishes two new guides on brokers’ commissions and premium finance; experts see risks in FCA's soft-touch response to AI; the European Insurance and Occupational Pensions Authority (EIOPA) publishes May 2024 Insurance Risk Dashboard; cases & decisions; key dates for your diary; and other news highlights reported over the past week.