Legal/ Regulatory

Driving innovation in the legal industry

DWF’s head of transport and marine specialist Jonathan Moss discusses the legal implications of AI, blockchain and big data analytics for the insurance industry

How GDPR is reshaping the cyber insurance landscape

General Data Protection Regulation (GDPR) and other regulation aimed at protecting personal data are creating new exposures for companies at risk of cyber attack, opening up new risk transfer opportunities for insurers, according to Partner Re’s European senior specialty casualty underwriter Chris McEvoy

Danish insurer Qudos ceases underwriting

Only hours after the Lloyd’s Syndicate 1884 announced it had ceased underwriting, the unrated Danish insurer Qudos Insurance confirmed that it has suspended underwriting with immediate effect.

US antitrust approval granted for MMC’s acquisition of JLT

The US Federal Trade Commission (FTC) has granted US antitrust approval for Marsh & McLennan Companies’ $5.6bn takeover of JLT.

Ardonagh: Insurance Insider “inaccurate” over energy defections

The Ardonagh Group has described an Insurance Insider article as “inaccurate” in a bitter legal battle between the firm and its larger rival, Gallagher Group.

Insurers lose court battle over Iran sanctions claim

A host of London market and Lloyd’s insurers have lost their High Court battle over a decision to not pay out on a $1.7mn marine cargo policy over fears that payment may expose them to a wave of Iran-related political sanctions.

Ardonagh’s £625,000 loan to rival’s employee not made to secure 'loyalty'

An offshore company associated with UK broking house The Ardonagh Group paid a £625,000 loan to an employee of a rival firm without any intention of securing his “agreement” or “loyalty” to join the group despite him later doing so, according to defence submissions filed at the UK High Court.

AIG sues Kim Kardashian’s bodyguard for $6mn

AIG is attempting to recoup $6.1mn in losses from the former bodyguard of Kim Kardashian West.

London market insurers claim Iran sanctions prevent claim settlement

Eleven London market and Lloyd’s insurers are in the UK’s High Court defending their refusal to pay out on a historic Iran-related marine cargo claim due to fears that payment may expose them to a wave of political sanctions.

Gallagher: Ardonagh conduct over energy defections raises “serious ethical issues”

Gallagher has finally broken its silence over its bitter legal battle with UK intermediary Ardonagh Group by claiming its rival’s conduct over the recruitment of a six-strong London-based energy team in 2017 raises “serious ethical issues”.

'Concealed' £625k loan revealed in bitter Ardonagh – Alesco poaching dispute

The animus between Gallagher and Ardonagh Group has once again erupted with a London subsidiary of the industry’s fourth largest broker accusing the David Ross-led UK insurance intermediary of acting illegally to poach both staff and business following the defection of a six-strong energy team last year, Re-Insurance can reveal.

New Nordic sues Echelon over 2017 Qudos sale

Scandinavian focused investor group New Nordic has issued legal proceedings against the listed Canadian Insurance group Echelon Financial Holdings Inc after the failure of recent settlement talks, Re-Insurance can reveal.

What are the legal implications of Brexit?

Brexit is likely to be front of mind for many at the Monte Carlo Rendez-Vous this year so Kennedys’ head of corporate and public affairs Deborah Newberry explains some of the implications for insurers.

Dale Syndicate 2525 bucks Lime Street trend with expansion plan

Despite Lloyd’s strong-arming top line reductions for the majority of trading syndicates next year, the Dale Syndicate 2525 is aiming to increase its stamp capacity by 7.5 percent.

The connected risk challenge

In the first of a two-part series on connected risk, Russell Group founder Suki Basi – who has spoken on the topic at the Bank of England and Chatham House – reveals a fault line in our interconnected world.

Survival of the quickest

The (re)insurance market is at a crossroads. The soft market, regulatory challenges, increased competition, abundant capacity, and external disruptors are just a handful of the threats (re)insurers face across international markets.

The perils of driving blind

The fast-changing world is fuelling new perils to underwrite. But with opportunity comes risk, warns Drinker Biddle partner Andrea Best

Greenberg calls on China to 'level the playing field'

Former AIG patriarch and now head of the Starr Companies, Hank Greenberg, has called on China to reform its protectionist stance to overseas trade and investment arguing that it is the country’s own “interest to reform”.

Exin Capital faces being wound up by HMRC in court tomorrow

Matt Fairfield’s beleaguered Exin is expected to enter liquidation tomorrow (15 June) following a wind-up petition being issued by HM Revenue & Customs.