Insurers

Myanmar’s insurance sector opens to foreign insurers

In a long-awaited step forward for the Myanmar insurance sector, on 2 January 2019, the Ministry of Planning and Finance (MPF) officially announced its plans to open up the life and non-life insurance sectors to foreign insurers. Further details of … Continue reading

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INSURANCE AND REINSURANCE DISPUTES ANNUAL REVIEW OF 2018 PUBLISHED

We are pleased to share with you our Insurance and Reinsurance Disputes Annual Review of 2018, published today, which provides an overview and analysis of the key cases and developments affecting those engaged in or with contentious matters in the … Continue reading

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Filed under Annual Review, Case law, Insurers, Intermediaries, Legal/Regulatory, Miscellaneous, Policyholders

Another non-party costs order against a liability insurer

In Various Claimants v Giambrone & Law and Ors [2019] EWHC 34 (QB), the High Court awarded a non-party costs order against a law firm’s professional indemnity insurer under section 51 of the Senior Courts Act 1981 in circumstances where … Continue reading

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Cyber insurance: the impact of evolving legal and regulatory risk

Cyber insurance is still (just about) the new kid on the block. It is commonly thought of as a tool to mitigate exposure to ever-evolving cyber risks. That is right up to a point; but the increasing exposure of business … Continue reading

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Preparing for Brexit: EEA (re)insurers – UK Temporary Permissions Regime

The FCA portal for incoming EEA firms to notify the PRA and the FCA of their intention to enter the UK Temporary Permissions Regime (“TPR”) is now open. The TPR will apply if the UK leaves the EU on 29 March … Continue reading

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EIOPA Conference: The Main Themes

Three of the themes that EIOPA sees as its priorities were covered at its annual conference on 20 November. All of the topics were the subject of frank and spirited debate, with a range of different views being represented in the … Continue reading

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Brexit Final Political Declaration: Nothing [new] to see here?

The Political Declaration setting out the Framework for the Future Relationship between the EU and the UK was published earlier today. On financial services (including insurance), the final declaration essentially contains the same three points as in last week’s outline … Continue reading

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Brexit deal – what does it mean for insurers and insurance intermediaries?

Yesterday’s announcements on the terms agreed for the UK’s withdrawal from the EU say relatively little about the future framework for cross-border trade in goods or services.  More detail is expected on this next week. The final deal remains subject … Continue reading

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Brexit – Deal on financial services may deliver little for insurance industry

Press reports over the past couple of days suggest that a deal struck by the UK government would “give UK financial services companies continued access to European markets after Brexit” and that “UK financial companies will be able to operate … Continue reading

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Coverage for ‘Doomsday or Armageddon’ data breach class actions: insurance implications of the Court of Appeal’s decision to confirm Morrisons’ vicarious liability for employee’s deliberate actions

In the recent judgment in Wm Morrisons Supermarkets Plc v Various Claimants [2018] EWCA Civ 233 the Court of Appeal has dismissed an appeal against the High Court’s decision that Morrisons was vicariously liable for its employee’s misuse of data, despite: … Continue reading

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