Assurance

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  • Insuring the Future: Challenges of Change

    Séminaire

    Date de l’évènement: 26 September 2019

    Join us for our annual Insuring the Future event - an afternoon dedicated to a review of the current legal, commercial and jurisdictional challenges.

  • Breach of warranty claims - measure of damages for a good bargain

    Article

    Envoyé: 31 July 2019

    ​W&I insurers and their corporate insureds may be interested in the decision in Cardamon v MacAlister, which clarifies the court’s approach to quantum in breach of warranty claims.

  • W&I insurance claims - late notification

    Article

    Envoyé: 31 July 2019

    We consider the issue of late notification under a W&I policy, and the recent decision of Cardamon v MacAlister.

  • Legal Headwinds: Insurance Q3 2019 Accès restreint

    Article

    Envoyé: 30 July 2019

    This report focuses on key regulatory developments relevant to insurance companies. It looks at future developments, rather than being a retrospective analysis. We outline what is relevant this quarter and beyond.

  • Stricter supervision for subordinated debt issuances by life insurers and pension schemes

    Article

    Envoyé: 29 July 2019

    As of 15 July 2019 the German regulator BaFin announced stricter supervision for subordinated debt issuances by life insurers and pension schemes. BaFin’s point is that the holders of life insurers’ subordinated debt will, depending on the drafting of the respective terms, only suffer a loss in the insurer’s insolvency whilst BaFin has the means to cut the claims of insured persons already before insolvency as a crisis prevention measure. Thus, BaFin has decided that holders of life insurance and pension scheme issuers have to suffer a loss prior to the insured customers and has published a wording to be included in future terms and conditions of subordinated loans and subordinated bonds.

  • W&I insurance in the M&A market - is there potential for contribution claims against sellers?

    Blog Post

    Envoyé: 18 July 2019

    We consider why buy-side insureds are starting to request the exclusion of insurers’ subrogation rights against the buyer’s professional advisors. Are concerns that contribution claims might be made against the seller well founded?

  • FOI requests continue to expose cyber weaknesses in the financial services sector

    Blog Post

    Envoyé: 11 July 2019

    The FCA has confirmed that in November 2018 four UK banks were targeted by hackers, further highlighting cyber weaknesses in financial services.

  • Ramming home the point, the ICO intends to fine Marriott almost £100m

    Blog Post

    Envoyé: 09 July 2019

    Following on from its announcement of the largest ever GDPR fine yesterday – £183m against British Airways - the ICO has gone again, announcing the second largest ever GDPR fine – this time a fine of almost £100m against Marriott.

  • British Airways - the ICO shows its teeth

    Blog Post

    Envoyé: 09 July 2019

    This morning the Information Commissioner’s Office announced that it intended to impose a fine of £183.39m on British Airways in respect of the well-publicised data breach, in which, beginning in June 2018, the data of 500,000 customers was compromised.

  • FOI request sheds light on stark increase in reported cyber incidents

    Blog Post

    Envoyé: 03 July 2019

    A recent Freedom of Information Act request submitted to the Financial Conduct Authority highlights a near 12-fold increase in cyber incidents between 2017 and 2018.

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