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AIG Europe Limited v Woodman and others

On 22 March 2017, the Supreme Court handed down judgment in the case of AIG Europe Limited v Woodman and others, in which they considered the meaning of the words 'a series of related matters or transactions' within an...more

Five things you should know about the Insurance Act 2015

The Insurance Act 2015 (the Act) comes into force on 12 August 2016. It has been described by the government as "the biggest reform to insurance contract law in more than a century" and will apply, by default, to commercial...more

Non-Disclosure, Inducement and Avoidance - A Blast From the Past in Reinsurance Litigation

The Commercial Court held in Axa Versicherung AG v Arab Insurance Group (B.S.C.) that, despite the reinsured's failure to disclose loss statistics and therefore to make a fair presentation of the risk, the reinsurer was not...more

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

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

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

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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