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Law360: Insurance broker Marsh McLennan said on 1 March 2024 that it is extending its Ukraine war risk insurance to cover ships carrying all non-military cargo, including containerised shipping, in support of the country's wider maritime industry.
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Law360: Insurance broker WTW said on 5 February 2024 that it is launching a new policy designed to offer protection to the coral reef system in a group of islands in the South Pacific Ocean.
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Law360: Insurance broker WTW unveiled a new collaboration on 14 February 2024 between its research network and the London Mathematical Laboratory to improve how it predicts natural disasters such as earthquakes or hurricanes and deals with the consequences.
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Law360, London: Markos Markou, the director of a mortgage broker who demonstrated a 'lack of integrity' has been banned and must pay a £10,000 fine after a London appeals court ruled on 17 December 2024 that he recklessly risked his company operating without professional indemnity insurance (PII).
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Law360: A Mexican reinsurance broker and one of its clients are suing a London-based broker for more than £14.8m, claiming that one of the UK company's agents faked documents for nonexistent reinsurance arrangements and pocketed the proceeds.
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Law360, London: A former aeroplane parts broker was sentenced on 23 February 2026 to more than four years in prison for forging the certification of parts in a fraud that grounded commercial jets and cost the aviation industry £39m.
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Law360, London: McGill and Partners said on 9 January 2025 it has launched what it calls the first-of-its-kind war risk reinsurance facility for commercial property in Ukraine to improve understanding and underwriting of risks to assets in the region.
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Law360, London: The owner of a portfolio of hotel companies has sued its insurance broker for allegedly failing to arrange adequate cover that would have protected the businesses from losses incurred during the coronavirus (COVID-19) pandemic.
NEWS
Law360: Vantage Capital Markets Ltd discriminated against a broker by withholding her pay until she completed excessive requirements to prove she was fit to work following cancer treatment, an employment tribunal has ruled.
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Law360: An insurance broker has reached a settlement in its attempt to pull a property management company into litigation brought by an investor seeking an insurance payout to cover the costs of rebuilding two properties tied to a fire in Glasgow.
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Law360, London: A litigation funder has sued an insurance brokerage for £2.5m, alleging that it advised a property firm to take out a policy that did not provide full cover after a fire at a block of flats in northern England.
NEWS
Law360, London: A trade body for insurance brokers has urged the UK government to exempt policyholders in apartment buildings with flammable cladding from a tax on premiums, as it seeks to avoid a jump in the price of cover.