Insurance and reinsurance

Source@RPC - December 2023

Published on 12 December 2023. By Mark Crichard, Partner

The aim of Source@RPC is to provide lawyers, procurement professionals and CIOs/CTOs (amongst others) with a regular update on the legal implications and risks (and how best to manage them) of sourcing and utilising technology and outsourced technology-enabled services, as they affect businesses operating in the insurance and financial services sector.

Product law bulletin – December 2023

Published on 07 December 2023. By Gavin Reese, Partner, Head of Regulatory and Fiona Hahlo, Partner and Mamata Dutta, Partner and Elinor Sidwell, Associate and Andrew Martin, Associate and Rashna Vaswani, Associate

Welcome to the latest edition of our product law bulletin, this month we focus on: • EU CE marking recognition extended indefinitely • Best Practice for food allergen labelling published by FSA • Consultation on non-surgical cosmetic procedures • UK Product Safety Review Consultation • EU Product Liability Directive • New regulations on batteries • Developments in e-scooter and e-bike battery safety discussion

Florida: Insurance in the Sunshine State (With David Altmaier)

07 December 2023

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by David Altmaier, former Commissioner of Insurance for Florida State and now Consultant for the Southern Group Florida. In this episode they will discuss the Florida insurance market and David's time as Insurance Commissioner.

Project Angel Bidco v AXIS - what are the key takeaways for warranty and indemnity insurers?

Published on 30 November 2023. By James Wickes, Partner and Matthew Wood, Senior Associate and Matt Ward, Associate

On 31 October 2023, the London Circuit Commercial Court gave judgment in Project Angel Bidco Limited (in administration) v Axis Managing Agency Limited & Ors (2023) EWHC 2649.

Insurance and The Foundation of The United States (With Professor Hannah Farber)

22 November 2023

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Hannah Farber, Assistant Professor of History at Columbia University in New York. In this episode they look at the American revolution and the role insurance played in the foundation of the United States.

Recruitment Special Part 2: Starting a Career in Insurance (With George Barker)

09 November 2023

Welcome to Insurance Covered, the podcast that covers everything insurance. In this special episode on recruitment Peter explores the world of insurance recruitment through conversations with 4 guests:

Wordings do matter

Published on 06 November 2023.

Contract drafting has been brass tacks for lawyers since the dawn of time. In its broadest terms, it involves putting the scope of a bargain reached between parties into clear and effective language.

Recruitment Special: why insurance should be a career of choice (With Caroline Wagstaff, Ben Bolton, Samantha Ridgewell & William Gallimore)

01 November 2023

Welcome to Insurance Covered, the podcast that covers everything insurance. In this special episode on recruitment Peter explores the world of insurance recruitment through conversations with 4 guests:

Source@RPC - October 2023

Published on 31 October 2023. By Mark Crichard, Partner

The aim of Source@RPC is to provide lawyers, procurement professionals and CIOs/CTOs (amongst others) with a regular update on the legal implications and risks (and how best to manage them) of sourcing and utilising technology and outsourced technology-enabled services, as they affect businesses operating in the insurance and financial services sector.

Storm Babet, flooding and the insurance implications

Published on 24 October 2023. By Victoria Sherratt, Partner and Andrew Roper, Partner and Aimee Talbot, Knowledge Lawyer

Subtropical cyclone Storm Babet is currently responsible for over 350 flood warnings in the UK, with more flood warnings expected later this week.

A Look at Friendly Societies (With Martin Shaw)

12 October 2023

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Martin Shaw, Head of Policy at the Association of Financial Mutuals, and in this episode they are discussing friendly societies.

Getting to know Global Access Lawyers

Published on 09 October 2023. By Carmel Green, Partner and Simon Laird, Global Head of Insurance

Global Access Lawyers brings together some of the worlds leading insurance law practices. In the following pages get to know the different law firms that make up Global Access, who we are, where we operate and the kind of work we do. We hope you find this useful to understand the international reach of Global Access.

Women, Social Impact and Motor Insurance (With Sam White)

06 October 2023

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Sam White, Founder of Stella Insurance, and amongst other things they will be discussing motor insurance.

General Liability newsletter – September 2023

Published on 21 September 2023. By Gavin Reese, Partner, Head of Regulatory and Fiona Hahlo, Partner and Beth Lewis, Associate and Chris Gower, Senior Associate

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

Court of Appeal finds in favour of FSCS on scope of the Policyholder Protection Rules (PRR)

14 September 2023

The Court of Appeal has upheld an appeal by the FSCS from a High Court decision to grant an application for JR against FSCS following FSCS's refusal to compensate a policyholder for an insolvent insurer's failure to meet its liabilities.

Are settlements covered under liability policies if not consented to by the insurer? Does it make any difference if the insured was told to "act as a prudent uninsured"?

Published on 13 September 2023. By Ben Gold, Partner

Does it make any difference if the insured was told to "act as a prudent uninsured"?

The Future Of Flooding (With Ivan Haigh)

12 September 2023

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by James Platt, former Global Chief Operating Officer and Chief Digital Officer and now an Advisor at Aon. They will be discussing the 4 questions every organisation should be able to answer before considering changing and deploying digital technology.

Meditations on Insurance And Society 8: The Unexpected Triumph Of Morality

01 September 2023

Welcome to Insurance Covered summer special miniseries Meditations on Insurance and Society.

Meditations on Insurance and Society 7: Towards A Philosophy Of Insurance

31 August 2023

Welcome to Insurance Covered summer special miniseries Meditations on Insurance and Society.

Meditations on Insurance and Society 6: Everyone Everywhere All At Once

24 August 2023

Welcome to Insurance Covered summer special miniseries Meditations on Insurance and Society.

Meditations on Insurance and Society 5: Understanding Life Forwards

21 August 2023

Welcome to Insurance Covered summer special miniseries Meditations on Insurance and Society.

Meditations on Insurance and Society 4: Unmoved Mover

17 August 2023

Welcome to Insurance Covered summer special miniseries Meditations on Insurance and Society.

Meditations on Insurance and Society 3: The Beneficial Selfishness of Strangers

14 August 2023

Welcome to Insurance Covered summer special miniseries Meditations on Insurance and Society.

Meditations on Insurance and Society 2: An Irreligious Faith

11 August 2023

Welcome to Insurance Covered summer special miniseries Meditations on Insurance and Society.

Meditations on Insurance and Society 1: In Response To Fear

07 August 2023

Welcome to Insurance Covered summer special miniseries Meditations on Insurance and Society.

4 Questions For The Digital Age (With James Platt)

13 July 2023

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by James Platt, former Global Chief Operating Officer and Chief Digital Officer and now an Advisor at Aon. They will be discussing the 4 questions every organisation should be able to answer before considering changing and deploying digital technology.

The El Niño year and impact on subsidence claims

Published on 13 July 2023. By Andrew Roper, Partner and Aimee Talbot, Knowledge Lawyer

Insurers should be bracing for a wave of subsidence claims arising from the increasingly warm weather. The UN’s World Meteorological Organization (WMO) has declared that an El Niño climate event is in progress, which helps explain why June 2023 was the hottest on record in the UK.

What does the FRC's proposed corporate governance overhaul mean for D&O exposures?

Published on 04 July 2023. By James Wickes, Partner and Aimee Talbot, Knowledge Lawyer

The Financial Reporting Council (FRC) has now published the draft new UK Corporate Governance Code following the Government's requirements that it incorporate more robust internal control and prudent and effective risk management requirements. The deadline for responses to the FRC's consultation is 13 September 2023.

A Chatbot Discusses Insurance (With ChatGPT)

27 June 2023

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by ChatGPT, an AI chatbot developed by open AI, and they will be exploring ChatGPT's views on insurance.

What’s next for PFAS litigation?

Published on 26 June 2023. By Lucy Dyson , Partner

RPC’s Lucy Dyson explores how growing public awareness of PFAS and the associated health and environmental concerns has seen a rise in litigation in the US that parallels asbestos as a toxic tort, with claims over chemical contamination in Europe also on the rise.

Covered: Insurance regulation – Asia edition

Published on 16 June 2023. By Andrew Carpenter, Partner and Heidi Ng, Associate

Covered: Insurance regulation – Asia edition

The Smyrna Catastrophe And The Birth Of Lloyd's Of London (with Adrian Leonard)

08 June 2023

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Adrian Leonard of Strategic Insurance Communications and in this episode they discuss the Smyrna catastrophe of 1693 and its impact on marine insurance and Lloyd's of London.

Crypto: issues for solicitors and their PI insurers

Published on 31 May 2023. By Simy Khanna, Partner and Harriet Keltie, Senior Associate

We explore the types of work lawyers are doing in this area, the risks this work may give rise to and issues for solicitors and their PI insurers to consider.

Product law bulletin – May 2023

Published on 26 May 2023. By Gavin Reese, Partner, Head of Regulatory and Fiona Hahlo, Partner and Mamata Dutta, Partner and Elinor Sidwell, Associate and Andrew Martin, Associate and Rashna Vaswani, Associate

• The spotlight's on product safety following the adoption of the General Product Safety Regulation (EU) and the UK Government's Round Table on online marketplaces • European Council adopts general approach for proposed EU Artificial Intelligence Act • Ford launches history making "hands-off, eyes on" car • Allergen update: more calls for stronger reporting and guidance • General Product Safety Regulations breaches • OPSS publish Product Regulation Strategy for 2022 – 2025

The Insurance Of War (With Bruce Carman)

23 May 2023

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Bruce Carman, Founder and CUO of HIVE Underwriters. They will be discussing aviation war insurance.

How a Supreme Court ruling could cause surge in claims against directors

Published on 22 May 2023. By Ben Gold, Partner

Ben Gold, explains how a recent Supreme Court case (BTI v Sequana) confirms company directors owe a duty to creditors if the company nears balance sheet or cash flow insolvency.

The Insurance Of Long-term Capital Risks (With Mary O'Connor)

10 May 2023

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Mary O'Connor, CEO of Howden Capital Advisory (Howden CAP), and they will be discussing the Insurance of long term capital risks.

Beware unexploded bombs, proximate causes and …. the unintended consequences of adding clarity

Published on 02 May 2023. By Laura Sponti, Associate

It is not that often that the standard UK market War Exclusion, language which for decades has sat materially unchanged, is the basis of a declinature by insurers. The recent case of Allianz Insurance plc v University of Exeter is therefore particularly interesting as the Court was asked to interpret this language and decide whether BI losses arising from the controlled detonation of a WWII bomb, discovered on nearby property were excluded from cover

Will An Insurance Robot Take My Job? (With James Benham)

25 April 2023

In this episode Peter is joined by James Benham, CEO and co-founder of three insurtechs; SmartCompliance, Terra and JB Knowledge. He is also the co-host of the Insuretech Geek Podcast. In this episode they discuss the rise of artificial intelligence and the impact on the insurance industry.

How Insurance Shaped The Industrial Revolution (With Robin Pearson)

13 April 2023

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Robin Pearson, Professor of Economic History at the University of Hull and they will be discussing insurance during the time of the Industrial Revolution.

The Month That Was – April 2023 – Pension drawdowns – the next FCA big concern?

12 April 2023

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 Contingency Insurance (With Martin Lawson)

06 April 2023

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Martin Lawson, Director and Head of Contingency at Dale Underwriting.

The Month That Was – March 2023 – the FCA's consumer duty of care – a new chapter for regulation?

31 March 2023

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

Law and jurisdiction in insurance and reinsurance contracts (Asia Pacific)

Published on 15 March 2023.

A Look At Livestock Insurance (With Ruth Gordon)

14 March 2023

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Ruth Gordon, Livestock Underwriter at Markel Insurance.

The English courts are emerging as a "hotspot" for environmental and ESG-related claims

Published on 14 March 2023. By Lucy Dyson , Partner

Insurers can expect to continue to see an uptick in environmental and mass tort group litigation in the English courts and elsewhere in Europe, against the backdrop of climate change-related, plastics and other environmental risks

The Role of the Chief Information Officer (With Darren Sharp)

06 March 2023

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Darren Sharp, Chief Information Officer (CIO) at Tokio Marine Kiln, and we will be discussing what his role entails.

General Liability newsletter – February 2023

Published on 02 March 2023. By Gavin Reese, Partner, Head of Regulatory and Fiona Hahlo, Partner and Tom Butterfield, Associate

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

Insuring The Metaverse (With Michael Brunero)

21 February 2023

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Michael Brunero, Head of Tech, Media and IP at CFC Underwriting and in this episode we will be venturing into the Metaverse to discuss the applications of insurance.

Less is not always more in the context of commercial insurance clauses

Published on 20 February 2023. By Laura Sponti, Associate

The recent Court of Appeal judgment in Al Mana Lifestyle Trading LLC v United Fidelity Insurance Co PSC [2023] EWCA Civ 6 is a quick read on a relatively short point and serves as a useful recitation of the rules of interpretation in the context of insurance policy wordings.