In brief: Royal & SunAlliance

Royal & SunAlliance has become the first major company to offer after-the-event insurance in commercial and contract disputes, easing the pressure on the Lord Chancellor's legal aid reforms. The product is targeted not at personal injury cases, but at the commercial sector. Insurers have been reluctant to cover commercial, contract and intellectual property cases because of the high risks involved. Lord Irvine welcomed the new product in the House of Lords last Tuesday, saying “as I have long predicted, the insurance industry is bringing forward the products which will underpin conditional fee agreements”.