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Legal Focus

 

 

Time to shake up the senior managers regime

The UK government and regulators have set out long-awaited proposals to reform the Senior Managers and Certification Regime

United Kingdom Legal focus

Insurers must do due diligence before writing solicitors’ PI cover

Law firms that undertake volume claims litigation present risks for their professional indemnity insurers

United Kingdom Legal focus

UK councils risk costly legal minefields in upcoming restructures

Historic liabilities, if not properly mapped, could become one of the most expensive hidden pitfalls of the entire shake-up

United Kingdom Legal focus

Innovation and collaboration key to property catastrophe resilience

The challenges facing the global property catastrophe market are formidable, but they are not insurmountable. Success will depend on collaboration between insurers, reinsurers, governments, regulators and legal advisers

International North America

A well-structured cyber policy is an essential component of operational resilience

Recent high-profile incidents have shown the financial profile of a major cyber event can look much more like a catastrophe scenario than a routine operational loss and cyber wordings are maturing quickly in response

United Kingdom Legal focus

Insurers must work together to lead on ethical AI

With artificial intelligence outpacing regulation, insurers face a choice: collaborate now to establish ethical standards that support innovation and transparency, or risk having restrictive rules imposed later

International Legal focus

Risk managing the UK’s failure to prevent fraud offence

Four ‘foundational’ steps can provide the backbone of a proportionate, risk-based framework

United Kingdom Legal focus

Insurers must prepare for the risk multiplier that is global supply chain disruption

As supply chains grow more complex and geopolitics more volatile, insurers face a surge in claims and legal challenges that cut across jurisdictions. Preparation now means anticipating where the next claims will arise, and how they will be resolved

International Legal focus

Reasonable recovery and grip of peril considered in landmark rulings

Recent decisions of English courts have given helpful guidance on the steps assureds should take to mitigate losses, as well as giving clarity on the scope of the grip of peril doctrine

Europe Legal focus

What the delay to the IMO’s Net-Zero Framework means for marine insurers

Insurers must be aware of how to support their insured clients in navigating the rapidly changing regulatory landscape and the transition to new fuels

International Legal focus

MS Amlin court win sets major precedent for English contract law

Marine insurers entitled to rely on pay to be paid rule

London Legal focus

Commercial Court decides principles of claiming interest in re/insurance disputes

In the recent case of Royal & Sun Alliance v Equitas, the Commercial Court considered in what respects interest might be recovered by insurers under their reinsurances

United Kingdom Legal focus
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