Law360, London: Insurers paid out a record £11.7bn in motor claims in 2024, a trade body said on 17 February 2025 after it warned the government against hiking taxes on the sector.

Law360: Conflict in the Middle East could affect the revenue streams of insurers, a consultancy has warned, particularly if it spreads further to disrupt energy markets and air travel.

Law360: A London appeals court ruled on 12 January 2024 that a Japanese insurance company can bring a claim over the delayed delivery of aircraft under a contract it was not originally party to, finding that rights reassignments 'by operation of law' are not the same as those made 'by any party'.

Law360, London: Insurers have won the right to deduct the value of government financial support to businesses during the coronavirus (COVID-19) pandemic from however much they can claim against their policies, as an appeals court handed down a landmark judgment on 21 February 2025.

Law360, London: The evolving cyber insurance market could be heading for a seismic shift if more insurers scale back standard business IT breach policies to limit the impact of state-backed cyberattacks on their bottom line.

Law360, London: Nine Lloyd's insurers are seeking to avoid covering the criminal defence costs of two former Petrofac International Ltd executives ahead of their bribery trial in October 2026, arguing that the executives failed to disclose matters relating to their alleged offences as part of their directors' and officers' insurance.

Law360, London: The Association of British Insurers (ABI) has updated its guidance for insurance companies and salvage firms that categorise written-off vehicles to cover electric and hybrid cars.

Pool Reinsurance Company Limited (also known as 'Pool Re') was formed in 1993 following a series of terrorism incidents in the early 1990s in London and elsewhere in England related to the situation in Northern Ireland at that time. The cost of these losses caused insurers and reinsurers to focus on the difficulties of providing terrorism cover for commercial properties, in particular the high potential cost of losses and the lack of any reliable method of estimating what the future loss experience might be. Insurers depended on reinsurers for financial protection should very large claims occur and, accordingly, both insurers and reinsurers decided they could no longer provide terrorism cover using traditional methods. Pool Re is a mutual reinsurer whose members (and funders) comprise the vast majority of insurers and Lloyd’s Syndicates which offer commercial property insurance in the UK. However, the scheme is backed by a government guarantee to pay out on claims if its pooled fund runs out, subject to review every five years. The guarantee was extended in March 2022 by HM Treasury for a

This Practice Note looks at the situations in which tax insurance may be used, the types of risks that may be covered, the steps involved in a typical underwriting process and the key terms of a tax insurance policy. In many situations, tax risks identified can be managed through the placement of a tax insurance policy. As with the use of warranty and indemnity (W&I) insurance in mergers and acquisitions (M&A) deals (see Practice Note: Warranty and indemnity insurance in M&A transactions), the use of tax insurance has become an increasingly common strategy to address contingent tax risks. Traditionally used for specific tax risks arising during a deal process, as the market has matured, tax insurance is used increasingly in non-transactional contexts. For information on the practical issues that a tax lawyer should consider when advising on an M&A transaction structured as a share sale where one of the parties will be taking out either W&I insurance or tax risk insurance, see Practice Note: Insured M&A transactions—a

Law360: The next government must create a 'positive, enabling policy environment' that allows more insurance technology firms to enter the market and facilitates better funding to drive growth in the sector, a trade body said 25 June 2024.

The first meeting between the mediator(s) and the parties, usually approximately 30 minutes long, that may be dealt with by way of a joint meeting or individual meetings—the intake session enables both the parties and the mediator to ascertain whether mediation will be a suitable process for the parties.

Assets without physical substance, eg goodwill and intellectual property rights