Andrew Symons

Andrew Symons

DLA Piper

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Insurance and Reinsurance Alert: Follow the Settlements Clauses revisited.

In autumn 2011, Thailand suffered severe floods. Among the properties damaged were shops and distribution centres owed by a subsidiary of Tesco. Tesco was insured against property damage and BI losses in Thailand under a...more

7/23/2014 - Loss Coverage Reinsurance

Insurance and Reinsurance Newsletter: Claims Settlement: English Commercial Court Considers Lead Underwriter's Duties To Following...

In San Evans Maritime Inc and others v Aigaion Insurance Co SA1, the English Commercial Court considered whether the following underwriter was obliged to follow the settlement of the lead underwriter on one policy, in...more

3/4/2014 - Insurers Reinsurance Settlement UK Underwriting

Reinsurance Alert: Equitas Ltd And Another V Walsham Brothers & Co Ltd

In Equitas v. Walsham Bros, the Commercial Court ruled on a number of key legal issues concerning the duties owed by Lloyd's brokers to remit funds promptly to clients and to reinsurers. BACKGROUND - Equitas is...more

12/2/2013 - Equitas Lloyds Banking Group Reinsurance

Reinsurance Alert: Commercial Court clarifies the position on follow settlement clauses for retrocessionaires

On 6 November 2013, the Commercial Court handed down its judgment in Tokio Marine Europe Insurance Ltd v Novae Corporate Underwriting Ltd [2013] EWHC 3362 (Comm). Mr Justice Hamblen held that the defendant retrocessionaire...more

11/27/2013 - Follow-the-Settlements Law Insurers Reinsurance Retrocessional Claims Settlement

Insurance And Reinsurance Update - UK Supreme Court upholds general rule on prioritisation of claims in liability insurance

In Teal Assurance Company Ltd v WR Berkley Insurance (Europe) Ltd the Supreme Court considered whether an insured and its captive insurer were entitled to choose the order in which claims were paid under a tower of insurance...more

9/3/2013

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