Third party rights against insurers

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The Third Parties (Rights against Insurers) Act 2010 (TP(RAI)A 2010) repealed and replaced the Third Parties (Rights against Insurers) Act 1930 (TP(RAI)A 1930). The key change in TP(RAI)A 2010 is that a third party can now bring proceedings directly against the insurer or seek information about the insurance position at an early stage without first establishing the liability of the insured.

TP(RAI) 2010 applies where the insured has ‘incurred a liability’ or where

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Latest Insurance & Reinsurance News

Insurance & Reinsurance weekly highlights—8 May 2025

This week's edition of Insurance & Reinsurance weekly highlights includes: the case of Malhotra Leisure Ltd v Aviva Insurance Ltd; Greensill, Gupta get 2027 trial date over US$400m dispute; Regulatory costs claim 3.3% of insurance brokers revenue; cases and decisions; and key dates for your diary.

Greensill, Gupta get 2027 trial date over US$400m dispute

Law360, London: Administrators overseeing part of the collapse of Lex Greensill's empire will head to trial in October 2027 to seek US$400m from a Swiss insurance company that has accused the financier and one of his major former clients, Sanjeev Gupta, of fraud.

Regulatory costs claim 3.3% of insurance brokers revenue

Law360, London: Insurance brokers in the UK pay an average 3.3% of their annual revenue to cover regulatory costs, compared with only 1.9% paid by insurers, according to research published on 1 May 2025 by consultant London Economics.

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