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Latest Insurance & Reinsurance News

PRA corrects error in Solvency II standard formula mass lapse life underwriting risk rule

PRA corrects error in Solvency II standard formula mass lapse life underwriting risk rule

Arsenal, Liverpool settle with insurers in COVID-19 dispute

Arsenal, Liverpool settle with insurers in COVID-19 dispute

The following Insurance & Reinsurance news provides comprehensive and up to date legal information on Arsenal, Liverpool settle with insurers in COVID-19 dispute

EIOPA publishes strategic plan and work programme for 2024-2026

EIOPA publishes strategic plan and work programme for 2024-2026

Broker banned for 'lack of integrity' over indemnity risk

Broker banned for 'lack of integrity' over indemnity risk

The following Financial Services news provides comprehensive and up to date legal information on Broker banned for 'lack of integrity' over indemnity risk

Featured Insurance & Reinsurance content

Insurable interest

Insurable interest

Insurable interestThis Practice Note considers insurable interest, including insurable interest in construction and liability insurance. It also...

The functions and duties of insurance brokers—policy placement

The functions and duties of insurance brokers—policy placement

The functions and duties of insurance brokers—policy placementThis Practice Note provides a high level introduction to the functions and duties of...

Public liability insurance—essentials

Public liability insurance—essentials

Public liability insurance—essentialsPublic liability insurancePublic liability insurance is a form of liability insurance that indemnifies a...

Double insurance and contribution

Double insurance and contribution

Double insurance and contributionOverlapping insurance policesThere are various reasons why an insured may end up with overlapping insurance cover,...

Practice notes

An introduction to Lloyd’s of London

An introduction to Lloyd’s of LondonWhat is the Lloyd’s market?The Lloyd’s market is an insurance market, whose origins date back to the seventeenth...

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Produced in partnership with The Society of Lloyd's Legal Team

1st Mar

Practice notes

Insurance agents and brokers

Insurance agents and brokersWhat is the difference between an agent and a broker?Where insurance is transacted through an intermediary, that...

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Produced in partnership with Ruth Hosking of Quadrant Chambers

2nd Mar

Practice notes

Professional indemnity insurance—essentials

Professional indemnity insurance—essentialsWhat is professional indemnity insurance?Professional indemnity insurance is a form of liability insurance....

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2nd Mar

Practice notes

General principles of insurance contract law

General principles of insurance contract lawWhat is insurance law?Insurance law can be split into three parts:•insurance contract law which governs...

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2nd Mar

Practice notes

Exclusion clauses in insurance contracts

Exclusion clauses in insurance contractsWhat are exclusion clausesUnlike some exclusion or exemption clauses in ordinary contracts, an exclusion...

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Produced in partnership with Susie Wakefield of Shoosmiths

2nd Mar

Practice notes

Insurance premium

Insurance premiumAn insurance premium is the sum paid for insurance or reinsurance cover and is the consideration paid by the (re)insured for the...

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2nd Mar

Practice notes

Marine insurance—general principles

Marine insurance—general principlesThis Practice Note describes the main principles of marine insurance as governed by the Marine Insurance Act 1906....

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2nd Mar

Practice notes

What is a contract of insurance?

What is a contract of insurance?This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an...

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Produced in partnership with RPC

2nd Mar

Practice notes

Sanctions clauses and the effect of sanctions on insurance policies

Sanctions clauses and the effect of sanctions on insurance policiesThe Practice Note entitled EU/UK financial and trade sanctions for insurers...

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Produced in partnership with Daniel Martin of HFW and James Neale of HFW

2nd Mar

Practice notes

Product liability and product recall insurance

Product liability and product recall insuranceWhat is product liability insurance?Product liability insurance provides an indemnity to a business in...

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Produced in partnership with Sam Tacey of Cooley (UK) LLP and Richard Hopley of Cooley (UK) LLP

2nd Mar

Practice notes

Trade credit insurance

Trade credit insuranceTrade credit insurance typically provides protection to a policyholder against non-payment of accounts receivable, due to the...

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Produced in partnership with Michael Morris of Clyde & Co LLP

2nd Mar

Practice notes

Reinsurance—essentials

Reinsurance—essentialsThe parties to a reinsurance contract and reinsurance terminologyThe principal parties to any reinsurance contract are the...

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1st Mar

Practice notes

ICOBS Insurance: Conduct of Business Sourcebook—application, general matters, distance communications, information about the firm and product information

ICOBS Insurance: Conduct of Business Sourcebook—application, general matters, distance communications, information about the firm and product...

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2nd Mar

Precedents

Terms of Business Agreement (TOBA)—insurer and managing agent/broker

Terms of Business Agreement (TOBA)—insurer and managing agent/brokerAn Agreement dated [date] governing the conduct of Insurance Business...

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Produced in partnership with Davinia Collins of Womble Bond Dickinson (UK) LLP

1st Mar

Q&As

What is meant by an 'indemnity to principals' provision and an 'additional insured' provision? What are the practical differences in protection each affords to the principal/additional insured?

What is meant by an 'indemnity to principals' provision and an 'additional insured' provision? What are the practical differences in protection each...

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2nd Mar

Q&As

What is aviation and transport insurance?

What is aviation and transport insurance?Aviation and transport insurance provides financial cover specific to aircraft and transport operations, and...

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Produced in partnership with Hannah Laithwaite of Lamb Chambers

2nd Mar

Popular documents

Scotland—the process for applying for sequestration

Scotland—the process for applying for sequestrationSequestration in Scotland is the legal process by which an insolvent debtor’s estate is gathered in, realised and then distributed among their creditors by a trustee appointed for that purpose. The process requires that a formal award of

Financial clean break orders in family proceedings

Financial clean break orders in family proceedingsDuty of the court to consider a clean breakAlthough there is no presumption in favour of there being a financial clean break between parties on divorce, the court is under a duty to consider whether it would be appropriate to exercise its powers so

Early leavers—preservation

Early leavers—preservationFORTHCOMING DEVELOPMENT: Section 10 of the Finance Act 2022 will increase the normal minimum pension age (NMPA) from 55 to 57 on 6 April 2028 (save for members of the firefighters, police and armed forces public service pension schemes).The Finance Act 2022 will also give

Where are misrepresentations made? Jurisdictional traps for the unwary (Bellmare Holdings Ltd v Wells)

Dispute Resolution analysis: The High Court has provided concise guidance as to how misrepresentation should be analysed when considering jurisdictional gateways. Under Article 5(3) of the Lugano Convention, in negligent misstatement cases, the place of the event giving rise to damage is normally