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The Fire Safety Act – An update

Published on 27 May 2022. By Georgina Haynes, Senior Associate and Katharine Cusack, Partner and Alexandra Anderson, Partner

Since the Fire Safety Bill received Royal Assent on 29 April 2021, it has been in limbo, waiting for its provisions to be brought into force. This has now happened, at least in part, with the publication of the Fire Safety (England) Regulations 2022 (the Regulations) made under article 24 of the Fire Safety Order (the FSO).

General Liability newsletter – May 2022

Published on 25 May 2022. By Gavin Reese, Partner, Head of Regulatory and Fiona Hahlo, Partner

Welcome to the latest edition of our general liability newsletter, rounding up some of the key cases from the last few months.

Catastrophe Risk Modelling (With Karen Clark)

Published on 24 May 2022.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Karen Clark, Co-Founder of Karen Clark & Company and they will be discussing catastrophe risk modelling.

Mariana v BHP may expand scope of environmental group litigation

Published on 19 May 2022. By Lucy Dyson , Partner

The much-anticipated Court of Appeal decision on a claim resulting from Brazil's worst environmental disaster could herald a new era for group litigation against multinationals in the English courts.

The Importance of Brand (with Ben Bolton)

Published on 11 May 2022.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Ben Bolton for his second appearance on the podcast. In this episode we discuss the growing importance of brand in commercial insurance.

A look at lawyers PI insurance (With Martin Ellis)

Published on 26 Apr 2022.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Martin Ellis, Executive Director at Howden and our topic of discussion is Lawyers professional indemnity insurance.

COVID-19 and the impact on UK corporate insolvencies

Published on 25 Apr 2022. By James Wickes, Partner and Paul Bagon, Partner

It has been just over two years since the World Health Organisation first declared Covid-19 a pandemic, and as the UK prepares to transition away from an era of pandemic restrictions and unprecedented government intervention, to a more ‘business-as-usual’ open economy, it seems timely to consider the possible legacies of this crisis on UK businesses.

A look at climate insurance (With Richard Matsui)

Published on 20 Apr 2022.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Richard Matsui, Co-founder of kWh Analytics, and they will be discussing the insurance of renewable energy sources with a particular focus on solar power.

A look at climate insurance (With Richard Matsui)

Published on 20 Apr 2022.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Richard Matsui, Co-founder of kWh Analytics, and they will be discussing the insurance of renewable energy sources with a particular focus on solar power.

'Big Plastic' is an emerging climate risk and a ticking time-bomb for litigation

Published on 14 Apr 2022. By Lucy Dyson , Partner

The tangible commitment to plastics regulation and action will likely trigger a new wave of plastics-related litigation.

FCA consultation on British Steel redress scheme published

Published on 31 Mar 2022. By David Allinson, Partner and Robert Morris, Partner

The FCA has now published its consultation paper on the proposed redress scheme for British Steel Pension transfers under s.404 of FSMA. The scope of this is wider than anticipated and the proposals contain some surprises around the lack of an opt-in process and potential involvement of FOS.

50th episode special - A judges view of insurance (With Sir Bernard Rix)

Published on 29 Mar 2022.

Welcome to a special episode of Insurance Covered, celebrating our 50th episode. In this episode Peter interviews Sir Bernard Rix discussing his career as a barrister and a judge, focusing on the judgements he made that impacted the insurance industry.

Insurers need their own Hippocratic Oath

Published on 22 Mar 2022. By Simon Laird, Global Head of Insurance and Peter Mansfield, Partner

Does insurance have a role to play in setting the ethical standard for corporate ESG and promoting a ‘do no harm’ philosophy?"

Insurers need their own Hippocratic Oath

Published on 22 Mar 2022. By Simon Laird, Global Head of Insurance and Peter Mansfield, Partner

Does insurance have a role to play in setting the ethical standard for corporate ESG and promoting a ‘do no harm’ philosophy?"

The Bermuda insurance market (a podcast with Stephen Weinstein)

Published on 15 Mar 2022.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Stephen Weinstein, Chair of the Bermuda Business Development Agency (BDA). The topic for discussion is the Bermuda Insurance Market and why it has become a global insurance hub.

Insurance & Reinsurance - ePD, EECC and GDPR: The EU Road to Privacy, Security and Data Protection

Published on 08 Mar 2022. By Richard Breavington, Partner and Elizabeth Zang, Associate and Laura Thackeray, Senior Associate

International Comparative Legal Guide – Insurance & Reinsurance 2022

Published on 07 Mar 2022.

Practical cross-border insights into insurance and reinsurance law

Why Gen Z should choose insurance (A podcast with Tom Beckett)

Published on 02 Mar 2022.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Tom Beckett who a broker with CityNet Insurance Brokers and in this episode, we look at why Tom chose to start his career in insurance and why others should consider doing the same.

Singapore chapter: "Trends & Developments" in Chambers Insurance & Reinsurance Global Practice Guide 2022

Published on 24 Feb 2022. By Carmel Green, Partner

A look at the Association of British Insurers (a podcast with Seth Williams)

Published on 21 Feb 2022.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Seth Williams of the Association of British Insurers (ABI) which is also their topic for discussion.

Is Cyber insurance in crisis? (a podcast with Tom Johansmeyer)

Published on 08 Feb 2022.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by returning guest Tom Johansmeyer, Head of Property Claims services at Verisk. In this episode they discuss and try to answer the following question: 'Is cyber insurance in crisis?'.

SIPPs and FOS - does the Rowanmoor decision change anything?

Published on 02 Feb 2022. By Rachael Healey, Partner

Last week FOS published a decision it reached last year in a complaint against a SIPP provider involving advised sales. The FOS upheld the complaint, finding that the SIPP provider should have rejected business from the regulated financial adviser, CIB Life and Pensions Limited (CIB), given, broadly, red flags available to the SIPP provider with respect to the operation of CIB's business model including that CIB was not advising on the ultimate investment within the SIPP and as a result such introductions involved a significant risk of consumer detriment. The decision has received quite a bit of press attention - but has it moved the dial for SIPP complaints before FOS or not?

A look at sustainable insurance (a podcast with Julian Richardson)

Published on 20 Jan 2022.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Julian Richardson, CEO of Parhelion Underwriting and our topic for this episode is sustainable insurance.

A look at sustainable insurance (a podcast with Julian Richardson)

Published on 20 Jan 2022.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Julian Richardson, CEO of Parhelion Underwriting and our topic for this episode is sustainable insurance.

Parametric innovation in travel insurance (a podcast with Carl Carter)

Published on 10 Jan 2022.

Welcome to Season 3 of Insurance Covered, the podcast that covers everything insurance. In our first episode of the year Peter is joined by Carl Carter, UK Country CEO at CPP Group UK and our topic for this episode is parametric insurance and its applications in travel insurance.

The Future of Insolvency Regulation

Published on 04 Jan 2022. By Rachael Healey, Partner

On 21 December 2021 the Government launched a consultation into the future of insolvency regulation. The changes proposed in the consultation document will have a wide ranging impact on the insolvency profession (and its insurers) with the proposals including: the direct regulation of insolvency firms, the introduction of a single regulatory body with powers to order compensation against insolvency practitioners and firms, a new additional requirements regime, changes to the bond regime and a public register of insolvency practitioners and firms. Many of the changes proposed require primary legislation and so it may be some time before the changes to take effect (if adopted). But there does appear to be some wind behind these proposals given they follow on from the Call for Evidence in 2019 and a more general focus on insolvency issues in the wake of the Covid-19 pandemic.

A look at Flood Re (a podcast with Andy Bord)

Published on 22 Dec 2021.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Andy Bord, CEO of Flood Re, a specialist UK reinsurer of flood risks. In this episode we will be discussing all things Flood Re.

A look at Flood Re (a podcast with Andy Bord)

Published on 22 Dec 2021.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Andy Bord, CEO of Flood Re, a specialist UK reinsurer of flood risks. In this episode we will be discussing all things Flood Re.

Home Alone: the birth of a lawyer

Published on 21 Dec 2021. By Peter Mansfield, Partner

Partner Peter Mansfield reveals the shocking truth about the iconic Christmas movie Home Alone.

First English judgment on the ‘Duty of Fair Presentation’ under the Insurance Act 2015

Published on 17 Dec 2021. By Catherine Percy, Partner

Berkshire Assets (West London) Limited v AXA Insurance UK plc [2021] EWHC 2689 (Comm) High Court of Justice Queen’s BenchDivision Commercial Court This judgment of the High Court Queen’s Bench Division provides a welcome analysis of how the courts will approach a policyholder’s breach of the ‘Duty of Fair Presentation’ under the Insurance Act 2015 (the ‘Act’).

The Matrix and the Reality of Insurance

Published on 15 Dec 2021. By Peter Mansfield, Partner

1 hour, 31 minutes and 39 seconds into The Matrix, something remarkable happens. We glimpse a skyscraper, at the top of which is the single word, 'Norwich', and what looks suspiciously like the Norwich Union logo. 15 minutes and 9 seconds later, it's a different skyscraper, but this one has 'Aon'. This tells us everything we need to know about The Matrix. Literally everything.

The birth of modern life assurance (a podcast with Craig Turnbull)

Published on 09 Dec 2021.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Craig Turnbull, Senior Technical Specialist at the Bank of England, and our topic is the birth of modern life assurance.

When the bough breaks...

Published on 03 Dec 2021. By Andrew Roper, Partner and Ally Yeandle, Associate

When the bough breaks: Force majeure or Third Party negligence? How to identify a recovery. When trees fail, they have the potential to cause significant damage and disruption to property and businesses.

Product law bulletin – December 2021

Published on 02 Dec 2021. By Gavin Reese, Partner, Head of Regulatory and Mamata Dutta, Partner and Elinor Sidwell, Associate

Welcome to the latest edition of our product law bulletin, this month we focus on compliance with Natasha's law, the extension of the UKCA mark deadline, the OPSS Awareness Scheme into the dangers of swallowing small high powered magnets and whether COVID-19 can cause new allergic reactions to products.

The role of an in-house lawyer (a podcast with Will Bloomer)

Published on 30 Nov 2021.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Will Bloomer, Chief Corporate & Legal Affairs Officer at Howden Group and we will be discussing the role of an in-house lawyer in the insurance market.

An introduction to InsurTech (With Sarah Kocianski)

Published on 16 Nov 2021.

Welcome to Insurance Covered. In this episode our guest is Sarah Kocianski, Strategic Insight Lead at Founders Factory, an accelerator that invests in FinTech and InsurTech start-ups. This week we are looking at an introduction to InsurTech's.

The Titanic: a tale of insurance (a podcast with Paul Miller)

Published on 02 Nov 2021.

Welcome to Insurance Covered. In this episode our guest is Paul Miller, Senior Consultant at HFG Insurance Recruitment, and we will be discussing the sinking of the Titanic from an insurance perspective.

When does an arbitration clause become binding? A reminder from the English High Court in Markel Bermuda Limited v Caesars Entertainment Inc

Published on 02 Nov 2021. By Sarah Herniman, Associate

Parties can agree and become bound by an arbitration clause in advance of the finalisation of the remainder of a contract; a recent case in the English High Court concerning an insurance policy has served as a salient reminder. The judgement also includes a thorough walk through of the law as to when an insurance policy comes into existence (Hint: it is not necessarily when the final policy wording is provided to the Insured and/or its broker).

Are procedural and administrative errors driving claims?

Published on 01 Nov 2021. By Laura Stocks, Partner and Georgia Durham, Associate

The PI insurance market has continued to harden in 2021, with most firms seeing premium increases in their 2021 renewals. As we come out of a highly disruptive period off the back of the pandemic and adjust to a new way of working, the solicitors PI market is likely to continue to see claims arising in areas such as cyber-related incidents, residential conveyancing, commercial property, wills and probate, and lost litigation. In this article we look at a common thread in many of these types of claim: procedural and administrative errors.

Navigating the hazards of Part 36 offers Part 2

Published on 08 Oct 2021. By Gavin Reese, Partner, Head of Regulatory

In our first article we looked at problems associated with settlement offers made in multiparty actions and settlement offers where the intended consequence is unclear. In this article we look at some of the issues that can be caused by the litigation process itself and upon the way the offer is made.

How to create an insurer - the Inigo story (a podcast with Karen Graves)

Published on 05 Oct 2021.

Welcome to Insurance Covered. In this episode our guest is Karen Graves, Chief Operating Officer at Inigo Insurance and we will be discussing what goes into creating an insurer.

Navigating the hazards of Part 36 offers Part I

Published on 28 Sep 2021. By Gavin Reese, Partner, Head of Regulatory

Most claims seek money from other people. Although such claims might be for money owed for goods and services, or compensation for loss caused by breach of contract, or compensation for injury or damage to property or for defamation, the fundamental point of the claim is that the Claimant wants to be paid, and will agree to settle if sufficient money is offered.

Slipcase: How to know what you don’t know (With Alex Hearn)

Published on 20 Sep 2021.

Welcome to Insurance Covered. In this episode we discuss Slipcase a curator of insurance focused news and insights. Our guest is Alex Hearn, Managing Director at Slipcase and we will be looking at how Slipcase can become a valuable tool for those working in the world of insurance.

How the insurance industry could bring down fossil fuels (a podcast with Tom Johansmeyer)

Published on 06 Sep 2021.

Welcome to Insurance Covered. In this episode we discuss the relationship between fossil fuels and insurance. Our guest is Tom Johansmeyer, Head of Property Claims Services at Verisk insurance solutions. Tom recently had an article published in the Harvard Business Review 'How the insurance industry could bring down fossil fuels' which is what we will be focusing on today.

The Month That Was – August 2021 – An FCA update – an update on Authorised Fund Managers

Published on 03 Sep 2021.

Welcome to Money Covered, a monthly podcast from RPC aimed at those dealing with complaints, claims and risk management in the financial services sector.

A look at personal accident insurance (a podcast with Peter Laidlaw)

Published on 20 Aug 2021.

Welcome to Insurance Covered. In this episode we are looking at personal accident insurance. Our guest this week is Peter Laidlaw, Head of the accident and health underwriting team at Atrium Underwriting. Peter specialises in writing a variety of risks, from K&R to our topic for today personal accident.

Subsidence recovery: the burden of proof - Maximising the prospects of recovery from the outset

Published on 17 Aug 2021. By Ally Yeandle, Associate

Tree root induced subsidence is caused by extraction of moisture from subsoil by the roots of trees. The extraction of moisture causes the volume of the soil to shrink, undermining properties’ foundations and is by far the most common cause of subsidence damage to properties in the United Kingdom.

The Month That Was – July 2021 –An FCA update – the 2021/22 FCA business plan and a new consumer duty of care

Published on 10 Aug 2021.

Welcome to Money Covered, a monthly podcast from RPC aimed at those dealing with complaints, claims and risk management in the financial services sector.

A look at embedded insurance (a podcast with Robin Merttens)

Published on 04 Aug 2021.

Welcome to Insurance Covered. In this episode we are looking at embedded insurance. Our guest is Robin Merttens, Co-Founder and Partner at InsTech London, and we will be discussing a recent report published by InsTech London on embedded insurance and its current uses.

Current developments/trends in shareholder/ D&O claims in Europe

Published on 03 Aug 2021. By James Wickes, Partner

Every country across the world is increasingly taking on more debt and this has only been intensified by the pandemic, resulting in an upsurge in claims. People and companies will seek to recover funds wherever they can.