DLA Piper has advised the shareholders of Garwyn Group Ltd, a specialist liability adjuster, on its acquisition by insurance claims service provider Davies Group Ltd.
Addleshaw Goddard has released the November 2013 edition of InSure. This section is a general update.
InCredit — November 2013: insurance download
Addleshaw Goddard has released the November 2013 edition of InCredit. This section focuses on insurance.
InSure — November 2013: enforcement download
Addleshaw Goddard has released the November 2013 edition of InSure. This section focuses on enforcement.
Addleshaw Goddard has released the November 2013 edition of InSure. This section focuses on data protection.
Conyers Dill & Pearman has been named among the leading law firms in Bermuda, the British Virgin Islands and the Cayman Islands.
The court determined a number of issues about the nature and effect of a policy of professional liability insurance.
It is a frequent and necessary function of the law to create a balance between competing and conflicting desirable aims.
IVASS has launched a survey on the sale of insurance policies (typically in the form of group policies) in conjunction with non-insurance products or services.
The Commercial Court has ruled on a number of key legal issues concerning the duties owed by Lloyd’s brokers to remit funds promptly to clients and reinsurers.
On 6 November 2013, the Commercial Court handed down its judgment in Tokio Marine Europe Insurance Ltd v Novae Corporate Underwriting Ltd.
Irwin Mitchell has lost six partners and a team of 24 lawyers and support staff after being raided by TLT in Manchester.
Ince & Co’s insurance group in Asia has won the Claims Legal Services Provider of the Year award at the inaugural Claims Awards Asia.
KWM has advised Pacific Asset Management Co (PAMC) on setting up an asset-backed scheme for a special funding project through raising insurance funds.
Mark Jones will be joining Hogan Lovells’ antitrust, competition and economic regulation (ACER) practice as a partner in the London office.
New York insurers’ investments in firms engaged in Iranian energy sector activities treated as ‘nonadmitted’ download
New York has enacted Chapter 481 of the Laws of 2013, which adds a new section 1415 to the New York Insurance Law effective 11 February 2014.
Hill Dickinson has posted a 6 per cent rise in revenue for the first half of 2013/14 up from £51.9m to £54.9m.
Bristol-based firm Lyons Davidson expects to make 50 redundancies despite securing a number of recent high-profile alternative business structure (ABS) tie-ups.
DLA Piper has represented Horizon Healthcare Services in the dismissal of a suit by the Association of New Jersey Chiropractors and two individual chiropractors.
This update is targeted specifically at claims officers and underwriters of insurers of professionals required to comply with the FOFA reforms.
DAC Beachcroft has issued a £10m cash call to the firm's LLP members while increasing its rolling credit facility to £40m as it pushes toward a revenue target of £200m for the 2013/14 year end.
DWF has continued its upward trajectory with revenue up 57.5 per cent at the half year, with growth largely driven by the February acquisitions of Fishburns and Cobbetts.
Partner and insurance expert Jeremy Irving welcomes greater clarity regarding Solvency II.
Cardiff-headquartered Morgan Cole is transferring its Bristol-based volume claims and catastrophic insurance teams, including five partners, to DAC Beachcroft while Berrymans Lace Mawer (BLM) has picked up a partner and seven staff from the firm.
Chris Garrod of Conyers Dill & Pearman’s Bermuda insurance practice has discussed the rise of insurance-linked securities (ILSs) in Global Reinsurance magazine.
Debevoise & Plimpton is advising AXA on its agreement with Mercantil Colpatria to acquire a 51 per cent stake in its insurance operations in Colombia (‘Colpatria Seguros’).
In May 2006, the Alexandros T sank off the shore of South Africa; her owners commenced proceedings in the Commercial Court against the vessel’s insurers for an indemnity.
Hogan Lovells has advised Tokio Marine & Nichido Financial Life Insurance Co on its absorption merger with another group company, Tokio Marine Nichido Life Insurance Co.
Insurers may find themselves effectively fixed with constructive knowledge of certain information available online and hence unable to rely on policy conditions to decline cover.
One of the main Jackson reforms to affect civil litigation was the abolition of the recoverability of ATE insurance premiums and success fees in CFAs from the losing (paying) party.
Taylor Wessing has announced that Mark Fraser has been appointed as managing partner, effective from 1 November 2013.
The AA has become the latest high-street company to be granted an ABS licence by the Solicitors Regulation Authority (SRA) after launching a joint venture with Bristol-based Lyons Davidson.
On 24 October 2013, the Federal Reserve released a proposed rule that would apply a Liquidity Coverage Ratio to certain US banking organisations.
Debevoise & Plimpton has announced that Brian F McKenna has been named international counsel to the firm, effective 1 November 2013.
New regulations have become effective that govern how life and non-life insurers in Thailand may conduct investment and engage in other business.
More than 150 firms could face closure after being unable to get professional indemnity insurance (PII) on the open market.
Hiscox has become the latest financial institution to cut its panel, with the insurer slashing its claims roster from 45 to 13.
DLA Piper has been named Law Firm of the Year in Germany for Insurance Law in the JUVE manual Law Firms 2013/2014.
The London office of Debevoise & Plimpton has been shortlisted in the Insurance Day London Market Awards in the Adviser of the Year category.
Clyde & Co has received regulatory approval to establish a joint venture in Chongqing with domestic firm West Link Partnership, making it the first international commercial firm to have a presence in south west China.
Hill Dickinson has expanded its London reinsurance practice through the hire of a two partners from US-firm Riker Danzig Scherer Hyland & Perretti.
The Bermuda Stock Exchange continues to attract international recognition. It is the world’s largest offshore fully electronic securities market.
An unspecified number of jobs have been put at risk in Harper Macleod due to restructuring of its insurance department.
King & Wood Mallesons’ Hong Kong partner Ronald Arculli has been appointed as the first chairman of the FWD Group, the insurance unit of Pacific Century Group owned by Hong Kong tycoon Richard Li.
Kennedys’ merger with Scottish firm Simpson & Marwick has been delayed because “aspects of the merger could not be finalised within the ambitious timetable”, according to a statement today.
This update is intended as a general overview, targeted specifically at claims officers and underwriters of insurers of professionals required to comply with the FOFA reforms.
Slater & Gordon is to take over niche industrial disease firm John Pickering and Partners, the Australian firm’s fourth acquisition since August.
For the second year in a row, Minter Ellison was named Insurance Law Firm of the Year 2013 at the 11th annual AB F Insurance Awards in Sydney.
Allen & Overy, Linklaters and Olswang are among the firms to have missed out on Legal & General (L&G) panel places after the insurer cut its advisor roster from 19 to five, it has emerged.
Mills & Reeve has emphasised the need to read and understand insurance indemnity arrangements.
Legal 500 UK 2013 has recommended Ince & Co as a top-tier law firm in shipping and corporate and commercial.
A court has held that a landlord is not responsible for repairs to the retained parts of a property where the lease does not contain an express repairing covenant relating to those parts.
Financial services and insurance industry group leader
This update sets out the Future of Financial Advice’s best interests duty.
Insurers have resisted funding the contingency for high-risk properties, which has resulted in governmental persuasion through a series of pooling agreements with the ABI.
Financial institutions e-briefing: professional negligence/title rectification/mortgage fraud download
This financial institutions e-briefing from Eversheds looks at the current overhaul going on in the professional indemnity insurance market.
7KBW’s David Edwards QC has received the Insurance Silk of the Year award while the law firm won Insurance Set of the Year.
Minter Ellison’s insurance practice is one of the largest in Australia and truly national.
Our international insurance and reinsurance team is recognised as a leader in the field, bringing a long track record of great results.
Debevoise & Plimpton has announced that Brandon C Gruner and Le V Lam have been named counsel to the firm effective 1 October 2013.
The Commercial Court has ruled that consequential losses arising from riots cannot be recovered from the public purse.
Debevoise & Plimpton has advised Forethought Financial Group on its sale to Global Atlantic Financial Group.
Wildgen newsletter — September 2013 download
Luxembourg law firm Wildgen, Partners in Law, has released the September 2013 issue of its newsletter.
Hogan Lovells was voted the best European law firm at the Reactions Global Awards, which was held in New York on 25 September 2013.
Retired NFL players settle concussion litigation, but potential insurance implications to be determined download
The NFL and helmet manufacturer Riddell Inc faced lawsuits from thousands of former NFL players alleging that injuries sustained during their NFL careers resulted in neurological damage.
Claimant groups will need a lot of convincing about a new proposal for progressing mesothelioma cases
Debevoise & Plimpton is advising New York Life Investments in its definitive agreement to acquire full ownership of Dexia Asset Management for €380m (£23m).
The Insurance Services Office’s 2013 additional insured endorsement revisions place heightened emphasis on contractual risk transfer language.
This briefing provides an overview of some insurance coverage-related issues facing commercial policyholders after a catastrophic storm.
West Virginia is now among the majority of states that recognise defective construction causing bodily injury or property damage is an ‘occurrence’ under standard CGL policies.
Some losses, notably pollution, landslides, asbestos exposure, and other similar losses often arise from progressive injury occurring over a period of years.
Superstorm Sandy: bad-faith claims download
A tool at the insured’s disposal in pursuing insurance claims in the aftermath of Superstorm Sandy.
Insurers may still insist that consumers provide a fair presentation of the risk, but what is fair will be circumscribed by the scope of the new duty under CIDRA.
Clyde & Co increased its corporate turnover by a third during 2012/13, with the group generating revenues of £70.7m over the financial year.
Irwin Mitchell is closing in on a deal with an unnamed Spanish firm which will determine the future of its Spanish subsidiary, Irwin Mitchell Abogados.
North West firm Keoghs has confirmed the appointment of three partners in Greater Manchester.
After being given an A$200,000 criminal fine for safety breaches that led to the death of an employee, a company director avoided personally paying because he was indemnified under an insurance policy.
Keystone Law has closed its 14-month recruitment drive with the addition of a final eight lawyers into its property, employment and insurance teams, bringing the total number to 132.
This year, solicitors’ insurance rarely seems to have been out of the legal news. This has largely been down to the changes to the market that will come into effect from 1 October 2013.
This tool is designed to help covered entities and business associates determine what they need to address under the Health Insurance Portability and Accountability Act.
Intelligent Insurer has named Ince & Co as an overall UK market leader in its annual legal elite survey 2013 for the insurance market.
Focus: 'home insurance' — new provisions concerning management of insurance relationships via the internet download
Life and non-life insurance companies must now arrange suitable areas in their websites reserved for each contracting party.
The FSB has issued proposed guidance on the application of the key attributes of effective resolution regimes for financial institutions to non-bank financial institutions.
Pinsent Masons has hired Clyde & Co partner Manoj Vaghela along with legal director Chamika Hand in its insurance group.
Solicitors’ professional indemnity insurance rates are set to rocket following the withdrawal of underwriter Berliner from the market, leading insurance brokers have warned.
New York has recently enacted and promulgated amendments to its insurance holding company laws and regulations and related laws.
Aviva completes extensive panel rejig, assigning work by jurisdiction
As the renewal season for professional indemnity insurance approaches, insurers see the market hardening
Kennedys has entered into an association with Bogota-based insurance litigation and arbitration boutique Botero Salazar Tobo´n & Abogados (BST).
Allen & Overy has advised ING Group on the KRW1.84tn sale of ING Life Korea to private-equity firm MBK Partners.
Seven more transatlantic mergers, the end of the magic circle and the disappearance of 25 of the current top 100 by 2018 are just some of the wide-ranging predictions made in today’s crystal ball-gazing issue of The Lawyer.
Kennedys has confirmed it is to merge with Scottish law firm Simpson & Marwick on 1 November.
Clifford Chance has missed out on a spot on Aviva’s new group and UK panel, following a similarly unsuccessful pitch for the insurance giant’s plc roster in April.
Appleby has been named ‘Bermuda market leader’ in the 2013 Legal Elite survey published by Intelligent Insurer, which aims to uncover leading law firms and lawyers in the insurance and reinsurance space.
Manchester-headquartered insurance firm Horwich Farrelly has appointed Allianz Global Assistance UK (AGA UK) chairman Mike Webb to its board in a bid to forge deeper relationships with the insurance industry.
Earlier this year we reported on the Statement of Principles, an agreement between the government and the ABI that ensured that homeowners and small businesses had access to affordable flood cover.
In Bate v Aviva Insurance UK Limited the court considered the rejection of a claim brought by an insurance industry loss assessor under a domestic buildings and contents insurance policy.
Mills & Reeves looks at the proposed introduction of a code of conduct for brokers and what it will really mean for the brokers’ market.
The Consumer Insurance (Disclosure and Representations) Act 2012 (CIDRA) came into force in April 2013. It impacts on any insurer or broker dealing with consumer/personal insurance.
The question of how to allocate multiple losses has recently come before the Supreme Court.
Insurance broker Aon Risk Solutions has stepped into the breach following the news that XL Insurance and AIG intend to significantly reduce their market share in the solicitors professional indemnity (PII) market.
The August 2013 issue of DLA Piper’s Asia: Corporate Newsletter is available now.
Reynolds Porter Chamberlain (RPC) has lost two members of its insurance practice, including reinsurance chief Simon Kilgour and partner Jason Bright.
Insurance giant AIG is to reveal its new legal panel next month following a review of its Emea advisers.
Taylor Wessing has relaunched its shipping practice.
Losses under a programme of excess liability insurance are sometimes prioritised in order to maximise the potential insurance recoveries under the programme.
The now iconic song of 1969 aptly describes the insurance regulatory activity we are seeing in the summer of 2013.
Starting an airline requires entrepreneurs with drive, motivation and vision to turn the idea into a viable reality.
Pillsbury’s Robert James shakes up accepted wisdom and puts to the torch a few cherished myths about the aftermath of the 1906 San Francisco earthquake and fire.
The Financial Services Commission recently reported that there are more than 2,301 entities licensed to carry on insurance business in or from within the BVI.
This article considers what the NSW Court of Appeal’s decision on the operation of s 6 of the Law Reform (Miscellaneous Provisions) Act 1946 may mean for advancement of legal costs on appeal.
'Princess of the Stars': Amlin Corporate Member Ltd & Others v Oriental Assurance Corporation download
At a trial of the action, Mr Justice Field held that there had been a breach of the typhoon warranty.
Luxembourg legal update — July 2013 download
The July 2013 issue of Arendt & Medernach’s Luxembourg legal update is available now.
The collapse of several insurers won’t worry the smart set, but it is likely to be a problem for smaller law firms
The PRC Supreme Court has recently issued the Second Judicial Interpretation of the PRC Insurance Code, which came into force on 8 June 2013.
Allen & Overy has advised HB Reavis Group on the sale of Apollo Business Center IV, a Class A office complex in Bratislava, to Ceská pojištovna.
On 11 July 2013, the ABI published its report ‘Encouraging Equity Investment’ following a review of the processes for IPOs and secondary offerings.
Taylor Wessing has been shortlisted for ‘Professional Service Provider of the Year’ in the Worldwide Reinsurance Awards 2013.
DAC Beachcroft has cut five fee earning positions after restructuring its London employment and pensions team.
DLA Piper in Ukraine has been highly ranked in a number of sectors by legal magazine Gvardia.
A court has considered whether NSW legislation that creates a statutory charge over insurance moneys in favour of third-party claimants applies to advancement of defence costs under a D&O policy.
Insurers and insureds do not bear the risk of a contractor becoming insolvent when undertaking insured repair work.
Interpreting and construing insurance policies: dewatering a pond is not as simple as it seems download
Vero Insurance Ltd v Australian Prestressing Services Pty Ltd reaffirms the importance of interpreting and construing insurance policies according to their own particular terms.
Insurers should take care in specifying situations in which endorsements and special conditions apply within their policies.
DLA Piper has released the July 2013 edition of its Insurance and Reinsurance Newsletter: Italy.
Joining a competitor? The potential consequences of insurance brokers soliciting their former clients download
The Gentech case highlights the importance of using restrictive covenants in employee contracts.
The Chinese insurance regulator has established rules for investing insurance funds in financial derivatives.
DAC Beachcroft has strengthened its corporate insurance and health real estate teams with two partner hires in London.
In Murray’s Transport NSW Pty Ltd v CGU Insurance Ltd, insurers successfully relied on an exclusion clause to avoid a third-party claim under section 51(1) of the Insurance Contracts Act 1984 (Cth).
Third parties wishing to proceed against an insurer under s6 must ensure they fall within the statutory limitation period download
Even where the event and the cover coincide, a third party wishing to proceed against an insurer under s6 must ensure that they fall within the statutory limitation period that would be imposed on any claim against the insured.
The court’s reasons in Ensham Resources v Aioi Insurance Company are now, arguably, the leading decision on the issue of privilege and loss adjuster’s reports.
Kyriackou v ACE Insurance Ltd concerned the refusal of an insurer to indemnify an insured under a professional indemnity policy for his costs in defending ASIC proceedings.
As a (very) general rule, debts and claims rank equally in a company winding up. One of the exceptions to this rule applies where the company being wound up is an insurer.
An insured’s failure to seek the insurer’s prior written consent to incur costs in connection with legal proceedings did not preclude the insured from being indemnified for those costs under the policy.
The issue of whether contamination remediation costs are covered by an insurance contract was discussed in Hamcor Pty Ltd v Queensland.
De Smeth v NSW Fire Brigades Superannuation Pty Ltd  NSWSC 19 considered ICA s57 in the context of a total and permanent incapacity claim.
On 24 June 2013, ASIC released a consultation paper proposing changes to the training standards for financial product advisers
The Insurance Contracts Amendment Bill has now been passed by both Houses of Parliament.
The Federal Government has released the Insurance Contracts Amendment (Unfair Terms) Bill 2013.
The decision in Versloot Dredging BV v. HDI Gerling and others (The DC Merwestone) is of considerable significance to marine insurers and non-marine insurers alike.
Allen & Overy is advising the Dai-ichi Life Insurance Company on its IDR3.3tn acquisition of a 40 per cent stake in PT Panin Life of Indonesia.
Berrymans Lace Mawer LLP (BLM) is to open a desk in the Lloyd’s of London building, its second office in the City.
Particular emphasis is on green field investments and mergers and acquisitions involving insurance and reinsurance companies, permitting/filling and regulatory advice.
We have recovered more than $6bn of insurance policy proceeds for our policyholder clients, and regularly help them obtain broad and appropriate insurance coverage.
SRA should soften consumer focus and clamp down on the unrated sector to secure PI future
The past few weeks have seen a flurry of insurance regulatory activity at the federal, state and international level.
The SRA has announced that it is considering the introduction of a financial rating criteria for professional indemnity insurance (PII) underwriters.
In an appeal from Teal Assurance v WE Berkeley Insurance, the Supreme Court has the opportunity to consider and perhaps jettison the hold harmless fiction.
After-the-event insurance has been a popular way of protecting claimants against a loss in litigation but its future is now in question
As a result of the recent entry into force of the CIDR Act 2012, insurers and insureds will have to be aware of changes affecting the treatment of consumer complaints by the FOS.
Non-sensitive personal data must be processed in a way that complies with the eight data protection principles. There are additional requirements if the data is of a sensitive personal nature.
Mills & Reeve acquires nine-strong defendant insurance team from DLA Piper.
Clifford Chance has hired Norton Rose Fulbright corporate insurance partner Ashley Prebble, who joins the magic circle firm’s London practice.
Clyde & Co has hired two partners from US firm Robins, Kaplan, Miller & Cires to launch its fourth US office in Atlanta.
Around 1,300 firms will be forced to find replacement professional indemnity insurance (PII) or be put at risk of being closed down after the Latvian authorities yesterday withdrew operating licences from domestic insurer Balva.
Mills & Reeve is taking a nine-strong insurance team from DLA Piper headed by the firm’s Birmingham insurance head Alan Jacobs.
Latin America has become an emerging market for Bermuda’s world-leading captive insurance industry.
Alice Chan, GC at Prudential Corporation Asia, has to keep a strong grip on a diverse and growing business, recently overseeing a major expansion in Thailand
Hogan Lovells has been recommended by the Legal 500 US 2013 edition in 35 practice areas, including seven rankings in the Tier-1 category.
PRC insurance companies are being encouraged to invest offshore in a number of countries, including Australia.
BISL Ltd has given an undertaking relating to the cancellation terms in its insurance policies, after the Financial Services Authority found the terms to be unfair.
Second Circuit confirms excess insurance is triggered only upon actual payment of all underlying limits download
Federal Insurance Company has achieved an important victory in a long-standing insurance coverage litigation concerning the proper trigger of excess directors and officers insurance.
Changes to the way solicitors insure themselves are kicking in this year. Our peer panel surveys the new landscape.
Ince & Co is celebrating the 20th anniversary of the opening of its Piraeus office.
Mills & Reeve has announced that its merger with Manchester firm George Davies has completed.
Kennedys will formally merge with aviation practice Gates & Partners this weekend (1 June).
US-based insurance giant Lockton has announced the hire of Towergate legal chief Sam Clark as its new general counsel.
DLA Piper has received 177 individual lawyer and 64 practice rankings in the latest annual Chambers USA.
Global GC Adam Rosman’s role at insurance broker Willis demands that he not only defends the business against current risk but that he spies any potential on the horizon
Reactions readers have voted Hogan Lovells as the top insurance and reinsurance law firm in the London market and in the EU.
Admiralty and maritime law is one of the most ancient of all bodies of law, with legal practice in this area deeply intertwined with marine transportation, international trade, international clearing, insurance and other related fields.
The May 2013 issue of Winckworth Sherwood’s E-gen publication is available now.
Weightmans has announced record revenue figures for the 2012/13 financial year, with turnover hitting £82m - up from £77.1m in 2011/12.
A&O joins Slaughters on Aviva’s plc roster; insurer insisted on discounts
Awards of damages in three recent cases provide powerful ammunition for insurers when seeking to reduce their claims exposure.
A solicitor should not be subject to a non-party costs order for failing to obtain ATE insurance download
The court’s jurisdiction to make a NCPO against a solicitor who had acted under a CFA without the benefit of ATE insurance has been the subject of two recent Court of Appeal decisions.
Expert Guides editor Chris Allen spoke to Appleby partner Brad Adderley about the role Bermuda has played and is likely to play in the global insurance industry.
Defendant insurance firm Plexus Law, a subsidiary of Parabis, is to merge with Greenwoods to create a £90m firm.
Weightmans’ incoming management team has vowed to make its London office a priority as the firm refocuses for a post-Jackson world.
Appleby has announced the promotion of three lawyers to the partnership and the appointment of five lawyers to the position of counsel.
Mills & Reeve has announced six new internal partner appointments, which will take effect from 1 June 2013.
Our insurance group sits within our nationally based practice, with excellent lawyers operating across a range of legal disciplines.
The Mills and Reeve insurance team are experts in the area, and are able to dedicate this expertise to meet your needs, from claims defence to corporate strategy.
Bermuda insurance companies download
This memorandum has been prepared for the assistance of those who are considering the formation of an insurance company in Bermuda.
The Financial Services Authority (now replaced by the FCA) took action against Digital Satellite Warranty Cover Ltd to wind it up ‘in the public interest’.
Conyers Dill & Pearman has released issue three of its Jurisdiction Update for 2013, covering Bermuda, the British Virgin Islands, the Cayman Islands and Mauritius. Topics include insurance developments in Bermuda, a new ‘approved manager’ regime in the British Virgin Islands, Cayman Islands master funds and more.
Conyers is regularly involved in the largest, most innovative and complex corporate transactions involving companies in Bermuda, the British Virgin Islands, the Cayman Islands and Mauritius.
Insurer MetLife has appointed former UBS Asia-Pacific general counsel Kevin Wilkey as its new head of legal in Asia.
Vehicle incident management group FMG has become the latest business to launch an ABS in a bid to offer legal services.
With the Consumer Insurance (Disclosure & Representations) Act 2012 coming into effect on 6 April 2013, Hogan Lovells takes a closer look at its potential impacts.
FTSE100 insurer Admiral has stepped into the legal sector via two ABS joint ventures, with Bristol-based claims specialist Lyons Davidson and Cardiff-based compensation firm Cordner Lewis.
Motoring giant RAC has laid the foundations for a move into the legal market after agreeing a deal with the Quindell Portfolio estimated to be worth £500m annually.
Insurance group Ageas UK has become one of the first insurers to set up an ABS to provide legal advice.
Taylor Wessing has released issue six of its UK Regulatory Update.
Thomson Reuters’ Super Lawyers publication recognises Ince & Co.
Ince & Co has been recognised in Chambers Global 2013: The World’s Leading Lawyers for Business.
Conyers Dill & Pearman has been highly ranked in the 2013 edition of Chambers Global.
DLA Piper has released a summary of all of the firm’s rankings and editorial commentary in Chambers Global 2013.
Insurance e-brief — March 2013 download
Ince & Co has released its insurance e-brief for March 2013.
The next chapter of business in Bermuda looks bright and ready to meet the emerging challenges of the evolving global economy.
Appleby’s Tim Faries looks back at an eventful year for Bermuda’s (re)insurance market.
AIG is considering a reverse auction for law firms pitching to win places on part of its legal panel amid a review of its Emea advisers.
Hedge funds have cottoned on to the benefits of Bermuda’s reinsurance market, with many establishing their own start-ups.
Ramifications of the recent ‘Bermuda Form’ judgment will undoubtedly cause insureds concern.
The FSA and OFT have published their final guidance and summary of responses on Payment Protection Products.
Insurance expenses giant Das Group has completed its acquisition of Bristol personal injury firm CW Law.
NCTM offers services to both Italian and foreign insurers, re-insurers and others doing business in Italy.
Key legislative proposals on establishment of the Independent Insurance Authority in Hong Kong download
The Financial Services and the Treasury Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR) has, on 26 October 2012, published legislative proposals on establishment of the Independent Insurance Authority (IIA).
Ashurst, US firm Davis Polk & Wardwell and Slaughter and May have won roles advising on the planned IPO of Esure.
Insurance lawyers at Norton Rose and RPC are among the founding members of an LGBT network for the insurance industry.
Bowman Gilfillan offers insurance expertise in both the dispute resolution and corporate departments.
Blanket notification of claims is likely to be sufficient to trigger an insurance policy.
The lawyers within our Insurance and Reinsurance Law practice advise insurance and reinsurance companies as well as insurance intermediaries on all regulatory matters relevant to their businesses.
Chadbourne promotes four attorneys to counsel in New York and Washington DC.
The Commercial Court has confirmed the position that the insured losses caused by the 9/11 attack on the World Trade Centre arose out of two events and not one.
Opinions on Several Issues Concerning the Implementation of the Regulations on Work-related Injury Insurance (Consultation Draft) has been released to solicit public comments.
No workable solution has yet been found to the flood insurance question.
The latest round of ABS approvals has seen a motor claims specialist with an in-house law firm, a £15m national firm and a costs specialist all gain licences.
Liability insurers need to be aware of the US Supreme Court’s decision in The Catholic Child Welfare Society and others v Various Claimants and the Institute of the Brothers of the Christian Schools  UKSC 56, which represents a further development in the law of vicarious liability.
Insurance e-brief: November 2012 download
The objective of this e-brief is to provide short and focused summaries of legal developments of interest to insurance professionals in the UK and elsewhere.
This month’s round-up of developments affecting the insurance industry.
This month’s round-up of developments affecting the insurance industry.
How do you apportion a claim under a liability policy? The answer, according to the Court of Appeal, is you don’t.
DLA Piper has represented Fosun International in its private equity investment in Peak Reinsurance Holdings Limited, a Bermuda reinsurer with operations in Asia.
Our insurance team specialises in advising on the establishment, regulatory compliance and business operations of insurance and reinsurance companies based in the Cayman Islands, Guernsey and Jersey.
Central to our commercial insurance work is our investment in clients and the effort we put into understanding their needs and problems. We will strive to find you practical and business-like solutions, because litigation in any dispute should always be the last resort.
Ince & Co has worked with the insurance and reinsurance markets for more than 100 years.
In November a guidance note was issued by the Hong Kong Privacy Commissioner for Personal Data to provide the insurance industry with practical guidance on how to comply with the Personal Data (Privacy) Ordinance Cap. 486 when collecting and using personal data of customers.
The TW Annual Insurance and Reinsurance Review summarises the key case law developments in insurance and reinsurance throughout the year.
The China Insurance Regulatory Commission (CIRC) issued the Circular on Issues relating to Investment of Insurance Funds in Equity and Real Estate on 16 July 2012
The United States has enacted a new round of sanctions on Iran targeting non-U.S. companies that are conducting business with Iran related to shipping, shipbuilding, insurance, and metals.
An update on issues in corporate law, covering acquisition agreements, insurance-linked securities and the general economic climate in Europe.
DLA Piper is to offload its Manchester and Sheffield defendant insurance practices to Hill Dickinson.
DLA Piper has confirmed that it will shut its Glasgow office in the coming months and is on the cusp of agreeing deals with takers for its defendant insurance practices following the conclusion of a collective consultation.
Ashurst and a group of Malaysian firms have advised on the RM1.8bn (£373m) sale of Aviva’s Malaysian joint venture CIMB-Aviva to Sun Life Financial and Khazanah.
Manchester insurance litigation firm Horwich Farrelly has become the latest top 200 UK firm to gain an ABS licence.
Krogerus has acted has lead counsel in the reorganisation of Handelsbanken’s Nordic life insurance business.
An overview of issues in insurance and reinsurance law, including the impact of Hurricane Sandy and shipping insurance news.
Clyde & Co has expanded in the US with the addition of a three-strong team to its New Jersey office.
Linklaters and White & Case have landed the lead mandates as Bupa makes its first foray into the Polish healthcare market by acquiring the country’s largest healthcare provider LuxMed Group from Mid Europa Partners for €400m (£326m).
Bournemouth-based insurance company Liverpool Victoria (LV) has promoted general counsel Rachel Small to group company secretary.
DAC Beachcroft has joined forces with business process services provider Innovation Group in a bid to boost its motor claims practice.
NAIC 2012 Fall national meeting download
The National Association of Insurance Commissioners held its 2012 Fall National Meeting from 29 November to 2 December 2012 in National Harbor, Maryland.
Hurricane Sandy wreaked havoc on the East Coast of the US. When it struck land, Sandy was approximately 950 miles wide.
Freshfields Bruckhaus Deringer has advised HSBC on the $9.4bn (£5.8bn) sale of its entire shareholding in China’s Ping An Insurance Group to Thai conglomerate Charoen Pokphand Group, which was represented by Linklaters.
Ince & Co has appointed former Clyde & Co partner Richard Britain as head of its newly formed corporate insurance practice.
Ince & Co has announced the appointment of corporate insurance partner Richard Britain, who joins the firm as head of our corporate insurance practice.
Quindell Portfolio, has signed deals to acquire claims management company Accident Advice Helpline (AAH) and law firm The Compensation Lawyers (TCL).
RPC is to restructure its media practice into the intellectual property group following the exit of media head Jaron Lewis.
Lockton International general counsel Charlotte Taggart has left the broker for private practice, becoming a corporate insurance partner at RPC.
Insurance firm Kennedys is in early-stage tie-up talks with Scotland’s Simpson & Marwick and is preparing to put the prospect of a merger to its partners.
Clyde & Co’s Manchester fraud head Damian Ward is to take a team of 17 to Keoghs after quitting the firm in the summer.
Clyde & Co is considering launching a second Saudi Arabia base in Jeddah, as it emerges that the firm has delayed transferring partner Ben Cowling to the country’s capital Riyadh amid a logistical hitch.
Insurance firm Parabis has launched in Scotland with the hire of HBJ Claim Solutions litigation head Tony O’Malley.
DAC Beachcroft and Chilean firms Seguros Lex and Amunategui y Cia are to join forces to create DAC Beachcroft Chile from today (1 November 2012).
Norton Rose is the latest firm to be raided by Milbank Tweed Hadley & McCloy, with the US headquartered firm hiring financial disputes partner Charles Evans.
Mayer Brown has seen another partner departure from its City base, with high-profile reinsurance litigator Ian McKenna leaving to join US rival Locke Lord.
Reynolds Porter Chamberlain (RPC) has appointed a chief executive officer for its nascent Asia practice to lead the development of the regional base.
Clifford Chance and Norton Rose have made first-time appearances on the corporate legal panel of Bournemouth-based insurance group Liverpool Victoria (LV).
Berrymans Lace Mawer (BLM) has made its first office opening outside the UK with a base in Dublin.
Kirkland & Ellis has been instructed by Chinese insurer, Ping An Life Insurance Company, in a landmark arbitration case against the Kingdom of Belgium, believed to be the first such case to be filed by a Chinese company at the World Bank’s International Centre for Settlement of Investment Disputes (Icsid).
DWF managing partner Andrew Leaitherland has said the firm is on the lookout for further growth in Scotland.
On 28 August 2012, the UK’s Financial Services Authority published a consultation paper which includes proposals to amend the rules on how insurance firms deal with client money.
Allen & Overy (A&O), Linklaters and Slaughter and May are advising as the Royal Bank of Scotland (RBS) plans to float Direct Line Insurance in one of the biggest IPOs of the year.
CMS Cameron McKenna regulatory and disputes head Liam O’Connell is set to join Norton Rose as a partner in its insurance litigation practice.
Five firms have won panel places to handle insurance litigation claims on behalf of a group of London boroughs.
Insurance firm Parabis is set for a £50m cash injection after being granted an ABS licence by the SRA, allowing it to take private equity investment from Duke Street.
Travelers has hired a counsel from Flagstone Re as head of legal and compliance across its European businesses.
Gateley has sealed a deal with global insurer ACE Group to create a legal advice service for businesses and senior directors and officers (D&O).
The ARP is on its way out and law firms are becoming more commercial, which should make renewals less fretful
Keystone Law is aiming to more than double its turnover within three years to £25m by attracting 50 new lawyers to its ranks.
RPC has revealed a 10 per cent rise in turnover to £68m for the 2011-12 financial year, while net profit has climbed 9.5 per cent to £23m.
Lawyers and underwriters are getting battle-ready for the new ATE arena as Jackson LJ’s litigation reforms approach
International expansion has boosted turnover at Holman Fenwick Willan (HFW) by 10 per cent with the firm posting turnover of £123.8m at the year-end, up from £112.5m in 2010-11.
DAC Beachcroft is continuing on the acquisition trail with the appointment of three partners, including Eversheds’ local government practice head Judith Barnes.
Herbert Smith corporate insurance duo Adam Levitt and Hammad Akhtar have quit the firm to join Ashurst.
DAC Beachcroft is to boost its claims solutions group with the hire of Zurich Financial Services’ European claims director Bill Paton.
US firm Goldberg Segalla is to launch in London next month after hiring reinsurance heavyweight Clive O’Connell.
Regulation is the overriding issue for in-house insurance lawyers. Our experts examine where they allocate legal spend in a rapidly changing environment
Acquisition-hungry firm Parabis Group is to take a cash injection from private equity house Duke Street.
Australian insurer QBE is to launch a non-claims UK panel review and establish its first European panel.
The court can enforce an arbitration award if it is for a negative declaration, the Court of Appeal (CoA) has ruled in the much-anticipated West Tankers case.
Kennedys has endorsed the reelection of senior partner Nick Thomas to a fourth consecutive term at the helm after he stood unopposed.
Global insurer RSA has appointed Will Bloomer to the newly created role of UK head of litigation.
FTSE100 insurer Admiral is considering a move into the legal sector following the ban on personal injury referral fees by the Ministry of Justice (MoJ) earlier this year.
Mills & Reeve has made its fifth lateral hire this year with the appointment of insurance partner Paul Spibey.
Simmons & Simmons has hired a corporate insurance partner from Berwin Leighton Paisner (BLP) – its sixth hire from the firm this year.
Hogan Lovells has appointed a new head of corporate and regulatory insurance to replace John Young, who retires in April 2012.
Legal expense insurers cannot use cost as the sole basis for refusing to underwrite fees for policyholders who use non-panel solicitors, the High Court has ruled.
The merger between Beachcroft and Davies Arnold Cooper (DAC)?has been overshadowed by Barlow Lyde & Gilbert’s upcoming tie-up with Clyde & Co.
Chartis, the property casualty insurance carrier of US insurance giant AIG, is to launch its first European panel in 2012 in an effort to streamline its legal spend.
Irwin Mitchell is to transfer 81 support staff to business process outsourcing (BPO) company OCS as it looks to streamline its cost base in preparation for converting to an alternative business structure (ABS).
Quadrant Chambers is to launch an arbitration division with the appointment of retired High Court judge Sir David Steel.
Barlow Lyde & Gilbert insurance partners Simon Cooper and Kiran Soar have defected to Ince & Co ahead of the firm’s merger with Clyde & Co.
The Supreme Court has ruled that people in Scotland who have been affected by the asbestos related condition pleural plaques have the right to compensation.
Firm in bitter litigation with insurance broker Lockton
Collyer Bristow is in dispute with its insurance broker Lockton Companies International over whether the intermediary has placed adequate liability insurance to cover a potential £50m loss in a fast-approaching negligence battle.
North West firm DWF has made six new appointments to its London insurance and retail teams with hires from Berwin Leighton Paisner (BLP), K&L Gates, Plexus Law, Vizyard Wyeth and Zurich - the insurance provider.
The PI insurance market is in a transitional phase, with new entrants heralding better times for smaller practices and fewer firms ending up in the assigned risks pool. By Martin Hall
RBS Insurance has appointed RSA Insurance group legal director Humphrey Tomlinson to the role of general counsel and company secretary.
Four insurance and reinsurance partners are set to leave the Bristol office of CMS Cameron McKenna in a mass defection to Reynolds Porter Chamberlain (RPC).
Referral fees for personal injury cases will be subject to an outright ban, the Ministry of Justice said today.
Global firm Mayer Brown has grown its corporate and securities practice and insurance industry group with the hire of Colin Scagell as a partner in London.
Volume houses are driving the delivery of legal services, says Katy Dowell
After-the-event insurance is changing, and it is the smaller cases that will suffer the most.
Personal injury lawyers have applauded former justice secretary Jack Straw’s calls to ban referral fees, saying the practice does not benefit law firms or their clients.
Clyde & Co has completed its merger with Canadian insurance firm Nicholl Paskell-Mede (NPM).
Davies Arnold Cooper (DAC) and Beachcroft are in merger talks to create a £175m insurance giant, The Lawyer can reveal.
Beachcroft has focused on its core domestic insurance practice in its latest round of partnership promotions, bringing six into the fold.
Potential merger would ’destroy the competition’ in insurance sector
Barlow Lyde & Gilbert (BLG) is planning to merge with fellow insurance firm Clyde & Co, in a deal that would propel the combined entity into the UK top 10 by turnover.
The High Court has dismissed a judicial review launched by the British Bankers’ Association (BBA) against the FSA and Financial Ombudsman Service (FOS) over the handling of payment protection insurance (PPI) claims.
Linklaters and Norton Rose have clinched new spots on Prudential Group’s global legal panel, in a move that formalises both firms’ long-standing relationships with the financial services giant.
Clyde & Co has raided Lloyds of London broker Howden for its general counsel Simon Gildener.
London insurer Jubilee Insurance has appointed Beachcroft to run off the claims for its motor insurance business.
North West firm Weightmans has confirmed that its plan to acquire Vizards Wyeth’s insurance team will go ahead.
The European Court of Justice (ECJ) has outlawed the practice of pricing insurance premiums based on gender.
Beachcroft is to phase out its ringfenced ’B2 from Beachcroft’ brand and roll out the volume business across its real estate and employment practices.
Clyde & Co has appointed partner Robert Ansehl to build a corporate insurance practice in its New York office.
Kirsty Cooper has been appointed to the dual role of general counsel and company secretary at Aviva.
Davies Arnold Cooper (DAC) is putting Latin America at the heart of its strategy with a formal association with São Paolo boutique insurance law firm JBO Advocacia.
SRA comes down on Optima-Capita deal despite leading counsel giving green light to investment strategy
Taylor Wessing has hired litigation partner Susannah Wakefield from Bermuda firm Attride-Stirling & Woloniecki, where she was a counsel.
Incoming Halliwells staff ringfenced into sub-LLPs to protect against potential claims from legacy clients
Morgan Cole has signed a delegated authority deal to enable it to broker after-the-event (ATE) insurance to clients.
Prudential has launched a revamp of its UK legal team with the creation of a new head of legal role.
Insurance and litigation firm Kennedys has reported a 31 per cent rise in turnover to £88.25m at the 2009-10 year-end.
Commercial insurer QBE has promoted Esther Felton to head of legal replacing Adrian Williams, who is set to join Irish firm Matheson Ormsby Prentice.
Relations between the Solicitors Regulation Authority (SRA) and solicitors’ professional indemnity insurers have soured in recent weeks, resulting in underwriters calling for a radical overhaul of the sector.
New Europe-wide regulations to harmonise non-contractual obligation laws have had the opposite affect, says Paula Jefferson and Sarah Wright
Davies Arnold Cooper (DAC) has named Edward Coulson as head of its Manchester insurance practice.
Every time a defective product is recalled, the company responsible must follow a long, meticulous and costly process of expiation. By James Stanbury
Lovells is to close its seven-partner Chicago office after it underperformed for a number of years.
US firm Sidley Austin has hired two Pinsent Masons partners for its London insurance practice, including the head of Pinsents’ insurance group.
Video Test 5: You Tube video
Debevoise & Plimpton and Slaughter and May have landed prize roles on Prudential’s proposed $35.5bn (£23.9bn) purchase of American International Group’s (AIG) Asian insurance business.
Debevoise & Plimpton and Slaughter and May have landed prize roles on Prudential’s proposed $35.5bn (£23.9bn) purchase of American International Group’s (AIG) Asian insurance business.
Debevoise & Plimpton and Slaughter and May have landed prize roles on Prudential’s proposed $35.5bn (£23.9bn) purchase of American International Group’s (AIG) Asian insurance business.
Litigation specialist Cubism Law has started a dedicated insurance group with the hire of two new consultants.
Clyde & Co has extended its US footprint with the launch of an office in New Jersey.
Prudential has appointed its interim general counsel and company secretary Margaret Coltman to the role on a permanent basis.
Plexus Law has strengthened its links with insurance giant QBE by acquiring the insurance practice of Whitfield Hallam Goodall.
Insurance firm Keoghs has hired Steve Thomas, formerly technical claims director for general insurance giant Zurich.
Insurance giant Zurich has revamped its UK legal panel, with Bevan Brittan losing out while Beachcroft and Pinsent Masons have held on to their spots.
Professional indemnity firm Plexus Law has acquired insurance boutique Squire & Co.
Pinsent Masons has signed a deal with legal expenses provider FirstAssist Legal Protection that will give the firm delegated authority to broker after-the-event (ATE) insurance.
A riot at a detention centre has resulted in a clearer definition of ‘damages’ in public liability cases, says Richard Mattick
A raft of changes are hitting the insurance market, but what do they all mean for law firms? Dan Cutts explains.
Professional indemnity insurance in the coming year will likely be more of a headache for the smaller firms, but the bigger players should have an easier time of it, says Sandra Neilson-Moore
Clyde & Co has swooped on Barlow Lyde & Gilbert (BLG) to hire insurance partners Roger Doulton, Neil Beresford and Toby Rogers.
Dutch financial giant ING has launched a global panel review in the first appraisal of its key advisers in more than five years.
Can we expect a rash of major directors’ and officers’ claims to hit the UK? asks John Turnbull
The stormy economic conditions will prove a tough test for reforms intended to improve insurance contract certainty and overall standards. By Paul Wordley and Graham Denny
Insurance boutique Hextalls has lost a team of eight, including two partners, to Kennedys.
Insurance group Pearl is cutting back its legal function following its £5bn takeover of rival Resolution.
Professional negligence claims against solicitors have rocketed, prompting underwriters to warn of a 10 per cent hike in solicitors’ professional indemnity (PI) insurance rates.
The crisis among financial institutions has created a dearth of groundbreaking and unique work for banking and finance lawyers, much of it coming from the regulators.
Boyes Turner partner Adrian Desmond has been elected as chairman of the Forum of Complex Injury Solicitors (Focis). He replaces Richard Vallance of Charles Russell, who has held the role since 2007.
Hill Dickinson celebrates Maersk’s Liverpool relocation" /Maersk Line, the shipping company and division of the AP Moller-Maersk Group, announced last week that it will shift its UK headquarters from London to Liverpool later this year.
Regulators are looking afresh at the activities of professionals, and litigation is sure to follow. But how will these claims be paid for? asks Peter Smith.
A rise in claims against professionals generally follows a downturn – and accountants are no exception. Matt Andrews and Barnaby Winckler look at what could be in store.
A recent case provides useful guidance on when a law firm can and cannot act for a former client. Richard Harrison reports.
Weightmans has been appointed as legal adviser to two public sector bodies in the areas of education and health.
Barlow Lyde & Gilbert (BLG) has picked up a choice mandate for reinsurer Abbey Life Assurance Company on a £1.5bn insurance portfolio sale to Pacific Life.
The legal fallout from the economic crisis will be more severe for professional advisers than ever before, professional indemnity lawyers have warned.
Hill Dickinson is preparing to extend its international footprint with the launch of a Singapore office in March.
Thames Valley firm Morgan Cole has taken over Bristol-based insurance boutique CIP Solicitors, which has four partners and 75 staff.
Canterbury-headquartered firm Furley Page has opened in London in a bid to capitalise on the insurance market.
The Solicitors Regulation Authority (SRA) today launched a series of allegations of misconduct against six partners at Barnsley-based Raleys Solicitors in relation to their handling of compensation claims from sick coalminers.
Thames Valley firm Morgan Cole has taken over Bristol-based insurance boutique CIP Solicitors, which has four partners and 75 staff.
Scores of law firms are in the firing line for professional negligence claims this year, The Lawyer’s annual top cases survey reveals.
Octogenarian Mr Sheppard was pushed into the Manton Miners Welfare in his wheelchair. Frail, elderly and very sick he waited for an hour before springing into action. He leapt from his wheelchair and launched into a tirade against greedy solicitors. Mrs Beckett listened on; her resolve was quiet but equally firm.
Kennedys returns to DLA for fresh pickings" /DLA Piper’s Birmingham office has been hit by a second recruitment assault from insurance heavyweight Kennedys.
Beresfords Solicitors partner Jim Beresford has been struck off along with his colleague Douglas Smith after all but three of 11 allegations of professional misconduct against them were upheld by the Solicitors Disciplinary Tribunal (SDT).
Legal broker Clarity Connections has teamed up with claims management company AIMS Services to offer up to 20,000 cases a month to small and medium-sized law firms.
Staff at Doncaster-based Beresfords Solicitors, which saw name partner Jim Beresford struck off yesterday, is considering launching Britain’s first ‘legal services supermarket’.
The conditional fee arrangement (CFA) model is at risk of collapse due to the high level of litigation relating to after-the-event (ATE) insurance premiums.
The only consumer body able to bring class actions in the UK has slammed the system for being costly, time-consuming and offering little reward.
It may be thought that there is an uneasy relationship between after-the-event insurance and third-party funding, but my experiences have shown this is not the case.
The Solicitors Disciplinary Tribunal hearing against Jim Beresford of Doncaster-based Beresfords Solicitors has been adjourned due to the case proving more technical than expected.
Simon Gildener of insurance brokers Howden is an in-house legal chief with a difference – in what may prove a legal business model of the future, he’s there to advise the company’s clients as much as his own board.
CMS Cameron McKenna has taken a leap of faith in its decision to relaunch its insurance practice with a focus on contentious work, as revealed by The Lawyer last week (3 November).
Norwich Union is to radically overhaul the legal team of its life insurance business, slashing 20 per cent of its annual budget.
Leading insurance group Aegon has created the new role of UK general counsel, hiring Shepherd & Wedderburn corporate partner Marian Glen (pictured) for the position.
Eversheds health team decamps to Beachcroft" /Beachcroft has taken an 11-lawyer clinical negligence team from Eversheds in a bid to become the leading healthcare practice in England and Wales.
Weightmans team in a month" /A seven-strong team is to leave Weightmans for DWF, joining six insurance partners that announced last month they were making an identical move.
Trawling through the Solicitors Account Rules (SAR) is not fun, even for a hardened managing partner, general counsel or director of risk. But that is exactly what most of them have been doing in the past few weeks in an attempt to deal with the possibility that the money held by law firms in client accounts could be unprotected in the event of a bank insolvency.
Insurance firm Kennedys has raided DLA Piper’s Birmingham office for eight fee-earners to ramp up its liability and professional negligence capabilities in the region.
Following five consecutive years of falling rates, lawyers have been shocked to find that professional indemnity (PI) insurance rates have doubled for the 2009 renewal season. Hardest hit are those already facing a myriad of economic challenges: small firms, sole practitioners and conveyancing practices.
Lloyds of London's broker, Howden, has appointed Simon Gildener as a client-facing general counsel.
Kennedys senior partner Nick Thomas has been quick off the mark to react to insurer clients’ demands with a series of takeovers. And he predicts further consolidation to come in the sector
The Professional Negligence Lawyers Association (PNLA) has launched the largest after-the-event (ATE) insurance group scheme outside of the personal injury sector.
US insurance giant AIG drafted in Sullivan & Cromwell to advise it on its $20bn (£11.23bn) lifeline from ;New ;York ;State regulators.
Sullivan & Cromwell land key AIG roles" /Davis Polk & Wardwell and Sullivan & Cromwell have landed lead roles on the US government $85bn bail out of AIG.
DWF has snared a six-partner insurance team from regional rival Weightmans for its fledgling London office.
The Court of Appeal precludes escape from narrow vacatur grounds available under the English Arbitration Act 1996
Reed Smith has bolstered its French arm with the hire of a three-lawyer shipping team from local Paris firm Bouloy Grellet & Godin.
ACE European Group, the European arm of one of the world’s largest insurers, has overlooked former favourite Lovells on its first formal legal panel.
Resolution general counsel Randal Barker has left the company following its takeover by Pearl Group.
Howard Kennedy has merged with personal injury boutique Douglas-Mann & Co with the aim of bolstering its client base.
Taylor Wessing taps Clydes for insurance hire" /Taylor Wessing has hired Clyde & Co insurance litigation partner Anthony Menzies in a bid to become a bigger player in the insurance field.
Beachcroft has secured former Manchester United hopeful Ben Collett more than £4m in compensation after his football career was prematurely ended five years ago.
Insurance giant Zurich is to establish a hitlist of personal injury (PI) firms in a bid to crack down on claimant practices that bring exaggerated costs orders against it.
Denton Wilde Sapte is facing a £300,000 professional negligence claim from two Indian company directors.
Fladgate faces potential £10m payout as Izodia gets around to negligence action" /Fladgate may have to pay out in excess of £10m in damages if the negligence action brought against the firm by former dotcom company Izodia is successful.
The purpose of the Ministry of Justice reviewing the personal injury process was because the opinion from both insurers and lawyers alike was that the current process was cumbersome, complex and too costly.
With the High Court currently deliberating over the point at which employers – and their insurers – become liable for asbestos claims, the contract law rulebook could well be rewritten.
The Court of Appeal’s recent ruling in Tyco v Rolls-Royce means parties to joint-names or composite insurance would do well to insist that the issue of waiver of subrogation is dealt with when contracts are being drawn up.
Claims that the insurance industry can somehow sidestep the meltdown of the US financial market are wide of the mark, say Linda Dakin-Grimm and Patty Quilizapa
Insurers everywhere are bracing themselves for an upsurge in claims as the global economy slides into recession. And this when the UK insurance market is experiencing some fundamental changes relating to how it handles claims.
Mills & Reeve has continued its insurance recruitment spree, hiring Vizards Wyeth partner Nicolas Oldham for its London insurance team. The firm expects to make another lateral insurance hire by the end of the year. This follows the recent hire of professional indemnity partner Elisabeth Taylor from Halliwells in Manchester.
Eversheds and Slaughter and May have bagged the lead roles on a $1bn (£502.3m) outsourcing deal for insurance company Aviva.
Personal injury (PI) lawyers have slammed the Ministry of Justice (MoJ) for its failure to implement far-reaching reform of the claims process.
Kennedys absorbs RPC’s Tiverton insurance office" /Kennedys has today (28 July) taken over the Tiverton office of its insurance rival Reynolds Porter Chamberlain (RPC) and plans to move the staff to Taunton.
Personal injury (PI) lawyers have slammed the Ministry of Justice for its failure to implement far-reaching reform of the claims process.
Reynolds Porter Chamberlain (RPC) is to hand its Tiverton office to insurance rivals Kennedys as a going concern.
In the field of professional liability, mortgage fraud and claims against professionals arising from it remain the topics of the moment.
Dickinson Dees is the latest firm to launch redundancy talks, entering consultation with three of the four departments in its volume business.
Competition among insurers for legal firms’ business has rarely been fiercer, but the pressure this is putting on underwriters’ rates means some will soon have to walk away from the professional indemnity insurance market altogether, warns Steve Holland
Changes to the way the medical profession is regulated are being brought in for good reasons – but concerns about how they will be implemented still remain.
A forthcoming Lords decision in the case of Moore Stephens v Stone & Rolls could well see auditors better protected from spurious claims.
October will see the end of the solicitors’ professional indemnity (PI) insurance season, when lawyers will again benefit from low insurance rates. Lawyers are being warned, though, of an imminent rating correction.
Pinsent Masons and Wragge & Co have been handed mandates in a £3bn project to build two new aircraft carriers for the Royal Navy. The Ministry of Defence called on Wragges project partners Michael Whitehouse and Jane Pittaway, supported by IP partner Michael Luckman.
The shipping and ship finance markets have always seen strong cyclicality - but for once the current driver for change is not from the shipping market itself, but in the financial market with the banking liquidity crisis which originated in the US sub-prime housing market. So, what can an owner expect if it approaches its banks for finance for a ship right now? The most obvious message is that it is going to cost the owner more and it is unlikely to be able to borrow so much.
Despite the international market’s uncertainty and volatility, the ship finance market in Spain is still experiencing rapid and steady growth. This is largely due to growing interest in the field from banks that have been traditionally wary of the sector. These banks, which often restricted their participation in ship ...
New rules governing the transportation of goods by sea have been drawn up by the UN. Graham Kershaw looks at what the new convention could mean for goods traders, carriers and shippers
Atlanta-based Troutman Sanders is planning a move into the London insurance market following the firm's merger with US insurance boutique Ross Dixon & Bell. London managing partner Robert Bata has pledged to hire "aggressively" in the sector following the move.Troutman Sanders' three-partner City outfit does not currently have an insurance capability. ...
Insurance firm Davies Lavery knocked back a takeover bid from DWF in favour of a merger with Kennedys, The Lawyer can reveal.
CMS Cameron McKenna has boosted its insurance offering by poaching the group legal adviser of insurance broker Jardine Lloyd Thompson Group.
Stephenson Harwood and Norton Rose have snared lead roles on the outsourcing of sharia-compliant insurance, believed to be the first deal of its kind.Norton Rose, led by partner Mike Rebeiro, advised Principle Insurance on the £90m outsourcing...
One of the areas most likely to see the introduction of new forms of collective claim is the field of antitrust damages claims. On 2 April the European Commission published a white paper setting out concrete proposals to make antitrust damages claims easier to bring. The Office of Fair Trading (OFT) also published its own recommendations to the UK Government on this topic at the end of last year. An important part of both proposals are changes designed to introduce more effective forms ...
Organ donation is in the spotlight as the effects of the Human Tissue Act start to appear. Julie Austin reports on how the law has changed since the Nationwide Retained Organs Group litigation
In May 2007, the Ministry of Justice (MoJ) published a set of proposals aimed at radically overhauling the UK's personal injury (PI) system. It aimed to introduce a raft of measures designed to speed up the process with the aim of cutting costs and improving access to justice for both claimants and defendants.
The Ministry of Justice keeps delaying its response to proposals to change the personal injury system, causing massive disruption to law firms. Four lawyers from opposing sides share their concerns
Clinical negligence is an emotive subject.
A rebound in the insurance and litigation markets helped Davies Arnold Cooper (DAC), Nabarro and Weightmans cushion against a second-half market downturn.
HBJ Gatelely Wareing is set to merge with niche shipping and transport firm Holmes Hardingham.
Brokers must take notice of strict guidance from the FSA concerning their duty to the client. David Coupe and Rowena Grundy report.
Martin Watson, founding partner of Watson Farley & Williams, has been elected president of the UK Chamber of Shipping - the first lawyer to occupy this post. Watson has been a senior consultant at his firm since standing down as a partner eight years ago.
The University of Dundee is introducing a bachelor of law degree that enables students to gain dual-qualification in Scottish and English and Welsh law.
Insurance, a market that impacts on every aspect of life, is forever changing in the eyes of the law. Case law is constantly evolving, impacting on how insurers operate.
The House of Lords decision on historical sexual abuse cases is unlikely to result in a torrent of claims being brought, says Kathy Perrin
With the UK facing potential action from Europe over failing to implement the Environmental Liability Directive, perhaps now is the time for action rather than consultation.
Berrymans Lace Mawer has promoted six new partners, one fewer than last year.
The Association of Personal Injury Lawyers (Apil) has hit out at fresh claims of spiralling costs in the legal arena.
The Solicitors' Indemnity Fund (SIF) is to become an insurance claims-handling provider in an effort to keep insurance rates down.
Clifford Chance shipping partner Paul Turner has defected to Clyde & Co as the firm aims to refocus its shipping practice.
Insurers have declared that underwriting non-European lawyers looking to run competition cases in the EU would be almost untenable due to the Akzo Nobel ruling.
Irwin Mitchell aiming for £150m turnover" / Irwin Mitchell managing partner Howard Culley has been re-elected in his 20th year in office and is predicting a 35 per cent rise in turnover to £150m by the end of the financial year.
Reynolds Porter Chamberlain (RPC) is sending a reconnaissance team to Bermuda to scout the possibility of launching on the island.
Standard Life has turned to long-term adviser Slaughter and May in a deal that will see the life insurance giant offload annuity liabilities worth £6.7bn to Canada Life.
In September 2006 the prime minister of Singapore Lee Hsien Loong urged London's leading insurance figures to look east for investment opportunities. The insurance market has since responded with vigour and Lloyd's of London is thriving in the region.
Kennedys is set to launch a Singapore office in the summer with the aim of servicing its insurance clients.
Insurance giant Genworth Financial will be reviewing its European panel firms after merging the legal departments of its payment protection and mortgage insurance businesses.
Personal injury lawyers now have another deadline. The Ministry of Justice has at last made a statement on the proposed claims process reforms for personal injury claims, following the consultation which closed in July last year.
Manchester-based solicitors Rowe Cohen and a raft of other personal injury firms have come to a settlement in The Accident Group (TAG) litigation.
Clyde & Co's US insurance and reinsurance chief Michael Knoerzer has declared that expansion in the US is an urgent priority for the firm, which has hired a partner to boost its transatlantic presence.
UK insurers Norwich Union and Allianz are looking at whether they can sue water authorities for failing to prevent the floods this summer.
Keelys Solicitors has acquired insurance defendant specialist Burrells. The Lichfield-headquartered firm said Burrells would be merged with Keelys London. Burrells partners Derek Burrell and Eamonn Clifford will work directly with Keelys head of costs litigation Simon Murray. Burrells specialises in complex and high-value claims and recoveries for insurers. Keelys managing partner Daniel Keane said the acquisition would boost the firm's national presence.
Norwich Union and Royal & SunAlliance are reviewing their panels in anticipation of a Ministry of Justice overhaul of the PI claims system.
With a role that encompasses Africa, Europe and Asia, RGA International’s new global counsel Catherine Regan has a lot to get to grips with.
Ince & Co’s head of marine casualty James Wilson has been chosen to succeed Peter Rogan as the firm’s senior partner in April.
Barlow Lyde & Gilbert (BLG) has hired three personal injury lawyers as part of its expansion of its casualty practice.
London-based Kendall Freeman's merger with Boston firm Edwards Angell Palmer & Dodge last Tuesday (30 October) has sparked speculation about which UK firm is next for a transatlantic merger.
Barlow Lyde & Gilbert (BLG) has raided shipping boutique Thomas Cooper for marine partner Drew James.
London-based Kendall Freeman is to merge with Boston-based US firm Edwards Angell Palmer & Dodge.
Personal injury boutique Greenwoods is gearing up for aggressive growth after launching an office in Manchester.
CMS Cameron McKenna has rejoined one half of its insurance group to the other in its new City offices in Leadenhall Street.The team was separated when Camerons opened for business there in July 2006 in a bid to be closer to the insurance markets. The move fits in with the firm's new sector-focused strategy, in which insurance and reinsurance was a key practice area.
DLA Piper has hired Clifford Chance senior associate William Harrison as a partner in its Asian insurance practice.
US reinsurance giant RGA International has hired RiverStone Management general counsel and company secretary Catherine Regan as international legal counsel.
Clyde & Co has recruited LeBoeuf Lamb Greene & MacRae partner Michael Knoerzer in New York to spearhead the firm's assault on the US insurance and reinsurance market.
Insurers are finally being dragged into line with the rest of the business world, with a consultation paper on contract law set to shake up the industry. Richard Evans and Tom Watkinson report
The Companies Act has placed greater weight on directors' liability in shareholder claims. Anthony Menzies reports on how the D&O insurance market is set for a boon
Insurers stand to lose more than most if the predictions on climate change hold true. Ashley Prebble and Natalie Perkin report on the industry's response to the scientific evidence
Lovells and O'Melveny & Myers have steered a landmark joint venture between UK insurance giant Prudential and its South African counterpart Discovery.
Addleshaw Goddard’s insurance practice is linking up with its newly created class actions group as the firm repositions itself in expectation of an economic downturn.
Michael Pilkington has joined Holman Fenwick & Willan's Dubai office as a partner.
Insurance law firm Kennedys has announced plans to open an office in Manchester.
Lawyers have lashed out at research from the Association of British Insurers (ABI) that says that injury claims on motor policies take 90 days longer to settle if a lawyer is consulted.
Property and personal injury (PI) work spawned the highest number of negligence claims against solicitors in the first three quarters of 2007, according to professional indemnity insurance broker Lockton Professions.
Clifford Chance has continued its mobility strategy with the transfer of a senior associate from London to Hong Kong.
Insurance specialist Davies Lavery has hired two insurance partners, including Halliwells London head of insurance, reinsurance and professional indemnity John Groome.
Former Freshfields Bruckhaus Deringer restructuring head Peter Bloxham has reappeared as a “policyholder advocate” at Prudential just as the insurance giant instructed Freshfields on a headline deal with troubled mutual Equitable Life.
Cross-border insurance transactions are likely to throw up tax problems. Greg Sinfield and John Young look at how Zurich in particular is addressing the issue
Insurers and reinsurers across the EU await the forthcoming Solvency II regime with bated breath. Martin Mankabady reports
A forthcoming review of the whole personal injury claims system can help eradicate false claims and make the whole process more consensual. Lea Brocklebank reports
Insurance giant Zurich has concluded its secretive review of global advisers, with six firms making it on to its preferred list.
Ince & Co has been hit with a sex and disability discrimination claim from a former reinsurance lawyer who left the firm last April.
Insurance distribution company Primary Group has appointed Barlow Lyde & Gilbert (BLG) partner David Arthur as group corporate counsel. A partner in BLG’s professional liability and commercial litigation team, Arthur joins Primary after 24 years at the firm – 20 of those as a partner. His experience includes acting for large accountants and insurance firms in litigation, including the BCCI and Barings cases. Primary is headquartered in Bermuda and has broking and underwriting capabilities.
DLA Piper Rudnick Gray Cary has secured German insurance capability for the first time with the hire of Clifford Chance insurance expert Herbert Palmberger.
Denton Wilde Sapte (DWS) will rebuild its London contentious insurance and reinsurance practice after losing its five-partner group to Chadbourne & Parke.
Clyde & Co has picked up 10 mandates in London relating to the investigation launched by US Attorney General Eliot Spitzer into broker Marsh & McLennan (M&M). These include an instruction from Munich Re to look at the terms and conditions of its broking relationships.
Reynolds Porter Chamberlain (RPC) is kick-starting a new insurance regulatory and brokers group with the hire of a partner from Akin Gump Strauss Hauer & Feld.
Wachtell Lipton Rosen & Katz last week secured a major victory over the World Trade Centre’s insurers after a jury ruled that the 11 September attacks constituted two separate occurrences for insurance purposes.
Australian and Indian law firms have emerged as unlikely targets for DLA ahead of this Saturday’s (4 December) vote on the merger with Chicago’s Piper Rudnick.
THE Association of British Insurers (ABI) and the NHS Litigation Authority (NHSLA) have distanced themselves from recommendations made in the latest edition of the tables used to calculate personal injury compensation.
Beachcroft Wansbroughs senior partner Lord Hunt of Wirral is taking on a new role as chair of the Chartered Insurance Institute’s (CII) professional standards board. Hunt will be in charge of the launch of the CII’s new code of ethics and conduct, which is being designed to give a code of conduct for institute members and the industry as a whole. The institute is a professional organisation for those working in the financial services and insurance industries.
Tucked away in the heart of London’s insurance hub, between the London Underwriting Centre and Lloyd’s, is a niche firm with a global reach.
Richards Butler has bolstered its insurance and reinsurance group with the lateral hire of Hill Dickinson partner Chris Zavos, who joins as a partner in London. Zavos has expertise in the marine and energy insurance sectors. At Hill Dickinson, Zavos advised underwriters on coverage issues in a broad range of hull, cargo, energy, yacht, construction and liability issues.
From a small Lloyd’s syndicate to an international powerhouse in the space of a decade. Joanne Harris on how the Catlin Group achieved its rise to prominence
Eversheds has poached the head of claims management from Hill Dickinson, its biggest competitor in the high-volume business.
The cost of professional indemnity insurance cover for the top 20 UK law firms dropped by up to 10 per cent this year, according to research for The Lawyer.
DLA’s international association DLA Group is expanding its presence in Eastern Europe after securing its first Polish member.
Eversheds’ Spanish alliance partner Lupicinio Eversheds has tied up with two niche practices.
Insurer Zurich has launched a global review of its external legal services in a move to rationalise its legal spend and will form its first official panel of preferred advisers as part of the process.
Barlow Lyde & Gilbert is opening an office in Singapore as part of its planned expansion in Asia.
It’s that time of year again – the solicitors’ professional indemnity renewal season, when managing partners and finance directors start recognising the difference between managing their third-highest overhead throughout the year, or leaving it to chance.
The input of in-house legal teams at life insurers has come under the spotlight following warnings from the Financial Services Authority (FSA) that some companies are not exercising sufficient control over legal risk.
Norton Rose has consolidated its relationship with two of Europe’s largest insurers. The firm scooped a key role on the initial public offering (IPO) of Admiral and associate Adrian Williams landed the general counsel role at QBE.
Twelve months ago in Liverpool, a new kind of niche firm was born. Sue Mawdsley and Frank Maher left Weightman Vizards to set up a risk management consultancy called Legal Risk. They claim its principal aim is to save its clients money. “Our main focus is on helping firms save more than they spend. We saved one firm half a million pounds last year,” says Maher.
Solvent schemes of arrangement and other exit strategies are helping to keep London at the head of the insurance market, say Ian McKenna and Richard Gregorian
With the removal of barristers’ immunity from negligence actions, a raft of claims was predicted. But as John Bennett reports, this has not transpired
The development of public legislation relating to segregated accounts companies is proving beneficial to the insurance market in Bermuda. Neil Horner reports
Manchester insurance litigation firm James Chapman & Co has expanded its specialist catastrophic injury team with the appointment of partner Philip D’Netto. D’Netto, recently a partner with Ilford firm Edward Duthie Solicitors, specialises in advising insurance clients on catastrophic injury cases. He brings with him client Highway Insurance.
Irwin Mitchell’s Leeds office has appointed a new managing partner.
Half of the UK’s top 20 firms have responded to growing threats of negligence claims by appointing full-time risk managers.
Risk management is now a full-time job at the UK’s biggest law firms. Joanne Harris reports
In our article of 9 August 2004 about Merriman White, we reported that the firm was closed for business. We understand however that the firm has been taken over by two new partners: Andrew Crossley and Dominic Murphy, who have bought the practice from its former partners. Merriman White acts for the majority of its predecessor’s clients and employs the vast majority of its support staff and fee-earners and, as before, will be a specialist practice in its core areas of commercial and ...
A leading corporate partner from Kirkland & Ellis has been appointed as president and chief executive of recovering US insurance giant Conseco.
Insurance group Markel International has appointed its first ever head of legal.
Davies Arnold Cooper has announced a trio of promotions and a new appointment at associate partner level. Janie Castle joins the commercial litigation team in London from Paul Hastings Janofsky & Walker, while Gillian Dada, Mark Shaya and Crispin Tomlinson have all been promoted to associate partner level in the product liability, insurance and property divisions. The promotions follow the recent announcement of five new equity partners at the firm.
With multiple roles for Chubb Insurance, Ranald Munro can keep a watchful eye on all proceedings, from EU legislation to management plans. Joanne Harris reports
Insurers have pulled out of providing legal expenses cover in an arbitration that has grossed the largest lawyers’ fees – some £100m – in any case of its kind in English history.
Anglian Water is set to impose a legal panel on its insurance claims handler Willis.
Niche insurance and litigation firm Kendall Freeman has reported a 44.3 per cent rise in profits in its first full year since the demise of DJ Freeman.
Clifford Chance (David Lewis) acted for Luxembourg steel producer Arcelor on acquiring a 33.75 per cent stake in Companhia Siderúrgica de Tubarão worth $579m (£311.8m), increasing Arcelor’s overall holding in the company to 62 per cent. Vieira Rezende Barbosa e Guerreiros acted ...
The Law Society and insurance giant The St Paul have renewed their joint venture for at least another five years. They have collaborated since the abolition of the Solicitors Indemnity Fund in 2000. The St Paul has since become a leading professional indemnity player, insuring around 20 per cent of the solicitors’ market. First revealed on www.thelawyer.com 29 June
The Council of the Bars and Law Societies of the European Union (CCBE) this week criticised the introduction of a third European money laundering directive.
Ian Hopkins, managing partner of South Wales law firm Leo Abse & Cohen (LAC), makes no bones about how the firm needed a shake-up two years ago. “We recognised that big changes were needed and went through an enormous cultural shift,” he admits. “We were a sleeping giant, but we’ve woken up.”
Despite two years of a hard insurance market and rising professional indemnity premiums, Trevor Moss argues that law firms are better off in the open market than under SIF
Lovells is closing its niche commodities and securities litigation practice in Chicago, a move that will lead to the departure of litigation partner Timothy Carey and two associates.
My, my. The timing couldn’t have been better. A week after Barry O’Brien’s team at Freshfields Bruckhaus Deringer was thrown off the M&S bid, Law Society president Peter Williamson was giving delegates at The St Paul risk management conference an insight into the way the new conflicts rules were shaping up.
Norton Rose is the major beneficiary of FTSE 250 insurance company Amlin’s first legal panel for non-insurance-related work. Linklaters will continue as its key corporate adviser, but Norton Rose will act on corporate and regulatory issues. Group general counsel James Healy-Pratt will focus on forming a legal panel for ...
Sidley Austin Brown & Wood has beaten US rival Shearman & Sterling to win a mandate to defend China Life Insurance in a class action against the company.
A recent industry report has rubbished the idea of a compensation culture, but with businesses being put under increasing pressure from insurance premiums, who can identify where the real problems lie? Jon Robins reports
Professional indemnity insurer The St Paul is launching a new product especially for law firms that convert to limited-liability partnership (LLP) status.
Lovells has split its contentious insurance, professional indemnity and environment group in preparation for an anticipated rise in asbestos claims.
A new survey has revealed that UK law firms are losing clients as a result of computer viruses.
After months of stand-off, insurers last week agreed to pay out almost £250,000 in legal fees owed to Hempsons Solicitors, which defended the NHS against a large-scale class action funded partly by conditional fee arrangements (CFAs).
Standard Life has finally held a beauty parade for its massive demutualisation, but it is understood that the mutual has not asked Herbert Smith’s star corporate insurance team to pitch for the work.
Hill Taylor Dickinson’s maritime insurance department has been hit with the loss of another key partner, Chris Zavos, who is joining Richards Butler.
Canadian firm Fasken Martineau has bolstered its presence in London with the hire of Canadian Jim Lisson, formerly a partner with Osler Hoskin & Harcourt.
South West firm Bond Pearce has made three internal partner appointments: Bristol-based property litigator James Rees, Bristol-based insurance litigator Nathan Peacey and Southampton-based corporate finance specialist Sebastian Briggs.
Professional indemnity cover is continuing to rise to astronomic proportions. Lynne Abess reports on how partnerships are responding
Halliwell Landau has posted its highest-ever turnover for the last financial year after revenue grew by 12.7 per cent to £40m.
Hill Taylor Dickinson’s maritime insurance department has been hit with the loss of another key partner, this time to Richards Butler.
The titanic battle between two of the New York bar’s trial heavyweights is nearing its end after a US federal jury rejected World Trade Center leaseholder Larry Silverstein’s bid to effectively double his insurance payments from Swiss Re.
Bond Pearce has signed a deal to take 50,000 sq ft of space in a new Bristol development as the firm continues its attack on the South West market.
Reynolds Porter Chamberlain has appointed a new senior partner after the present incumbent stepped down after 12 years in the role.
Bond Pearce in clinical negligence expansion" /Bond Pearce has launched a claimant clinical negligence practice in Bristol as it continues to expand its insurance defence offering.
London’s insurance market is having to adapt to survive. Jodi Bartle speaks to the top in-house lawyers working in the sector
The repercussions of 11 September are still being felt by the insurance industry, which is making some important changes. Marian Boyle reports
The downgrading of many top reinsurance companies by ratings agencies has raised a number of serious questions. Simon Kilgour reports
When the value of a company’s intangible assets is sky high, insurance to cover any losses is essential. Matthew Hogg reports
The regulatory spotlight has now fallen on senior management in the insurance sector, which should beware of the FSA. By Nigel Davenport
Dechert’s London office is pulling out of the insurance market following the departure of partner James Lewis to LeBoeuf Lamb Greene & MacRae. Lewis, who became a partner in the firm in 1992, is expected to leave Dechert at the end of this week. His departure follows that of Charles Brown, head of Dechert’s City construction practice, who is moving to the London office of Philadelphia firm Duane Morris.
Lovells has tightened its hold on key client Prudential, with the firm advising the insurance giant on a development project located in the heart of Cannes.
London-based firm Hextalls is continuing to strengthen its US hold with the appointment of two partners in New York. Mendes & Mount partners Matthew Byrne and Lawrence Rose have joined Hextalls’ reinsurance team, which is based on Wall Street. Byrne and Rose will represent domestic and international reinsurance companies in the US and London.
Simmons & Simmons is continuing to ramp up its mainland China practice with the appointment of Minter Ellison’s former managing partner to its Shanghai office.
US firm Steptoe & Johnson has become the first firm to benefit from the dismantling of Oppenheimer Wolff & Donnelly’s European network.
North West firm Ricksons is poised to dispose of its claimant insurance arm Axis Solicitors, as part of the firm’s strategic shift towards corporate and commercial work.
Hextalls is continuing its attack on the London market, with the hire of Beachcroft Wansbroughs insurance litigation partner Dominic Dennis-Browne to head the firm’s professional indemnity department. Dennis-Browne specialises in defending claims against a number of professions, including solicitors, with particular expertise in claims involving dishonesty. The hire comes just two weeks after the firm took on Druces & Atlee partner Stephen Kingsley to head commercial property.
Hextalls is continuing its attack on the London market, with the hire of Beachcroft Wansbrough’s insurance litigation partner Dominic Dennis-Browne to head the firm’s professional indemnity department.
The Serious Fraud Office’s (SFO) use of a former solicitor – described by a judge as a “liar” and a “thief” – as a leading witness in its prosecution of an $11.5m (£6.1m) money laundering scam has led to the collapse of the case, which cost millions of taxpayers’ money. The case concerned the alleged laundering of proceeds from a fraudulent high-yield investment scheme through the client accounts of several law firms, including the now defunct Swepstone Walsh.
After racking up at least £10m in legal fees, the Serious Fraud Office (SFO) has abandoned a case after being told of a crucial legal point that lawyers argue it should have been aware of from the outset.
The UK arm of Bermuda-based life reinsurer Scottish Re has appointed George Scott as its first ever in-house lawyer.
Insurance company Letsure’s in-house legal team is unique in acting for clients outside the company. By Steve Hoare
2 Temple Gardens has lost a second silk to professional negligence set Four New Square. Jeremy Stuart Smith QC, an insurance and products liability specialist who acted for claimants in the MMR litigation, joined Justin Fenwick QC’s set last week. It follows the arrival last July of 2 Temple’s Graham Eklund QC, a professional negligence silk, and product liability expert David Turner.
CMS Cameron McKenna is losing high-profile and highly-rated insurance and reinsurance partner Mark Elborne to an in-house position at US conglomerate GE.
CMS Cameron McKenna is losing a partner but potentially gaining more work as one of its lawyers joins the insurance and reinsurance division of US conglomerate GE.
Martineau Johnson’s head of pensions Simon Laight has quit the firm to join Pinsents’ Birmingham office.
Steptoe & Johnson is branching out into the UK insurance and reinsurance market after setting up a new practice with the hire of a former Clifford Chance senior associate.
Bingham McCutchen has been drafted into to fight for bondholders in the ever-worsening financial crisis surrounding Italian food group Parmalat.
Five partners of Dutch firm SchutGrosheide are launching their own practice, after disagreeing with the firm’s decision to merge with DLA.
The Master of the Rolls has attacked the UK’s record on looking after accident victims. Lord Phillips of Worth Matravers (left) asked the Government to back the rehabilitation of those affected in its plans to deal with the spiralling costs of employers’ liability insurance. He told delegates at the Forum of Insurance Lawyers annual conference ...
Reading firm Field Seymour Parkes has broken into the insurance and reinsurance market with the hire of Denton Wilde Sapte partner James Pilgrim-Morris.
Pilgrim-Morris is an insurance litigator, with particular expertise in Lloyd's work, reinsurance and product liability disputes. Although Field Seymour already has a commercial litigation capability, this is the firsttime it has been able to offer ins...
The benefits of EU membership, a flexible tax system and grass roots support is seeing the insurance industry flourish in Gibraltar. Brendan Murphy and Nick Keeling report
Benjamin Dyer reports on financing alternatives for Bermuda captives
Brit Insurance, the UK insurance subsidiary of Brit Insurance Holdings, has created its first formal legal panel.
Brit Insurance, the UK insurance subsidiary of Brit Insurance Holdings, has created its first formal legal panel. Many of Brit’s previous advisers have lost out in the review, which has formalised a smaller number of law firm relationships. The full review of service providers kicked off in April and formed part of Brit’s strategic development of claims handling processes.
The seven-partner insurance department of North-East firm Jacksons, which this year announced it was splitting in two, has found a new home with Berrymans Lace Mawer (BLM).
What is the difference between an 'event' and an 'occurrence'? Charles Bending reports on recent insurance cases that have tried to clear up the debate
Should fraudulent insureds lose the legitimate part of their claim or just the inflated part? Alison Hart reports on the diminishing duty of good faith within the insurance market
In response to the Insurance Mediation Directive, the FSA is slapping yet more regulations on insurance intermediaries. Maria Ross discusses the implications
A recommendation from the magic circle has awarded Kendall Freeman a new client in the guise of Germany's Ergo Group subsidiary Victoria Seguros.
The top five insurance firms have all enjoyed massive profit hikes this year as their clients become increasingly litigious in today's hardened market.Kennedys, the best performer, saw profits per equity partner rise by 25 per cent, Beachcroft Wansbroughs profits went up 18 per cent and Reynolds Porter Chamberlain's went up 10 per cent, while Barlow Lyde & Gilbert and Clyde & Co's both saw an 8 per cent increase.Kennedys chief executive Ric Martin said: "There's a link ...
After three years of cheap cover on the open market, law firms this year will pay more for their primary-level insurance than they did in the year that the Solicitors Indemnity Fund (SIF) collapsed.
Pinsents is saying goodbye to three partners and four assistants, originally from its 2001 London merger partner Biddle, following strategy and performance reviews.
The Accident Group's (TAG) founder Mark Langford is not known for his personal touch. Earlier in the year, an attempt at an interview with The Lawyer had to be called off after he became indisposed at the last moment. Not a problem, his PR guy said, we'll just send in his QC and you can attribute his words to the boss. Call us fussy, we replied, but it is a journalistic convention that the subject of a profile be in attendance for his own interview. So it's not surprising to learn that ...
Lovells has completed a ground-breaking study of product liability law for the European Commission. The City firm has recommended that the commission drops plans laid out in its 1999 green paper for radical reform of the product liability directive.
Russell Jones & Walker (RJW) has sought to distance its New Claims Direct service from that of The Accident Group (TAG), which collapsed last week, as well as from the old Claims Direct service, which RJW purchased in February 2003.
The chambers of 4 Pump Court has been hit by the loss of three tenants, including respected commercial specialist Lindsay Boswell QC, to shipping and commercial chambers 4 Essex Court, which has also hired the eminent Littleton Chambers silk Julian Malins QC.
North East firm Jacksons has announced that it is splitting its core areas of business into two new firms, with effect from 1 September.
Brick Court Chambers has recruited Tim Lord from 2 Temple Gardens. Lord has focused on personal injury and insurance work in the past, but has been signed to assist Brick Court with its banking and financial services work. He spent 10 years at 2 Temple Gardens after qualifying at Slaughter and May.
Minter Ellison has rocked the Adelaide office of Phillips Fox by poaching almost 25 per cent of its lawyers.
Sixteen law firms on tenterhooks as insurance giant set to chop panel places; no chance to retender
When Sandra Basaran was hired by Winterthur Life, she got more than she bargained for. Husnara Begum reports
There are no regrets for DJ Freeman's David Kendall and Laurence Harris as Kendall Freeman is born. Emma Vere-Jones investigates
Ince & Co and Weil Gotshal & Manges could end up suing each other as a result of a complex film finance litigation suit.
Following a period of aggressive expansion via numerous acquisitions, insurance outsourcer Rubicon is also trying to cut its legal costs. Husnara Begum investigates
Enthusiastic one minute and prickly the next, Davies Arnold Cooper's Daniel Gowan doesn't like to talk about the past. Julia Cahill reports
Lloyd's of London Names are a dying breed at the oldest insurance market in the world. Down from 35,000 to just 2,490 unlimited liability Names today, individual investors are regarded as an anachronistic throwback needing to be helped into extinction by reform-hungry corporate investors.Sax Riley, the chairman of Lloyd's, has called for members to vote in favour of seeking to update the 1982 act of Parliament that governs the insurance market. An extraordinary meeting ...
Claims Direct has come crashing down to earth. As with all good tragic characters, fatal and inescapable flaws have caused this one-time darling of the London Stock Exchange to self-destruct. Investors' rocky love affair with the personal injury (PI) revolutionary/ambulance-chasing scumbag (depending on your point of view) finally came to an acrimonious end earlier this month.Claims Direct, whose shares had traded for as much as £3.60, called in the administrators when ...
DJ Freeman's new head of corporate Richard Spiller doesn't know why he landed the role, but Kathryn Hobbs is sure he is the right man for the job
Summer is finally here, bringing Wimbledon, ice-creams and unsightly upper arms to the fore. For law firms it also signals the start of the professional indemnity (PI) renewal season. Firms have until the end of August to sort out their PI arrangements, so how does the land lie this year?The PI open market has been in effect for two years since the demise of the Solicitors' Indemnity Fund (SIF) in 2000. Last year the open market generated around £160m in premium income, compared ...
It's that time of year again. The results of a year-long endeavour are awaited and while jubilation awaits the winners, heartache and a 'maybe-next-year' mentality beckons to the losers. Eurovision has been and gone, but The Lawyer Awards - the definitive reckoning of law firm performance - still have to be decided.Insurance firms do not have their own awards category, preferring to enter for litigation or corporate team of the year. So, for one column only, and ...
Law firms and their insurance clients are strange bedfellows. While insurers claim that their lawyers do not work quickly, efficiently and certainly not cheaply enough, lawyers argue that their clients do not understand the vagaries of handling a claim. It is therefore a market with raised eyebrows that monitors the progress of new technology risk insurer Click for Cover and its strategic partner Hammond Suddards Edge.Click is an underwriting agency for a number of Lloyd's of ...
The insurance industry has become the latest bunny to be stunned by the oncoming headlights of the Financial Services Authority (FSA) and its cavalcade of regulators. Since assuming its full powers at the end of November 2001, the FSA has publicly avowed to ramp up regulation of the UK's insurance industry.Regulatory costs are anticipated to rise 10 per cent this year, with the same again the next, as FSA resources are redirected towards the insurance market and away from ...
Title insurers may not be the most popular US import among UK lawyers, but First Title's legal and underwriting director Philip Oldcorn believes there is room for all. Helen Power reports
In a costs hearing last week, Amelans successfully rebuffed an argument which stated that an after the event (ATE) insurance policy provided by Temple Legal Protection should be regarded as a credit arrangement. It was the third in a series of similar cases involving Amelans and Temple and the latest attempt to find a loophole sufficiently large for defendant insurers to squeeze through.The costs hearing was nothing unusual. The legal arguments were inventive and well made, with ...
Robin Spencer isn't the type of man to give himself an easy ride - sorting out the Equitable debacle for work, and for fun running across the Sahara
If Lovells has its way at the High Court, this week should see the conclusion of Equitable Life's att-empts to steer a course for the less troubled waters of a compromise scheme of arrangement. Its progress has not always been smooth. A number of disgruntled former and current policyholders have attempted to run the scheme aground with threats of litigation. But, with Lovells at the rudder, Equitable seems set to achieve the outcome it needs.The mutual, although never far ...
Canada Life UK may have been lying low for a while but the acquisitive company is ever on the lookout for that perfect purchase. Naomi Rovnick discovers it is still a client to watch
CMS Cameron McKenna has scored an insurance victory over Clifford Chance in the House of Lords. A ruling this week upheld the 1999 Court of Appeal decision that reinsurance brokers Johnson & Higgins (J&H) were negligent in their dealings with Aneco Reinsurance. The result marks the first successful claim of its type against ...
Life insurance giant Prudential has appointed Belfast firm Elliott Duffy Garrett as its main adviser for property investment work in Northern Ireland.
Eight insurers opt to leave the Law Society's minimum terms list despite premium hike of fifteen per cent
Following the demise of SIF, Aon Claims Solutions decided to second private practice lawyers rather than have its own in-house team. Fiona Callister finds out how the scheme is going
Weightmans has been axed from two panels, lost its retail and leisure team and seen merger talks collapse, but senior partner Ian Evans is fighting on
Once you get past the complex structure of St Paul's international empire, it is a client that would be a feather in any firm's cap. Fiona Callister finds out that a communication specialist is what's needed
Skandia Life head of legal Ken Morrison won't take any sloppiness from laws firms. Fiona Callister talks to a man for whom impeccable customer service is a given
Herbert Smith has come out on top in the current Independent Insurance collapse.
Regional insurance firm Berrymans Lace Mawer has signed a commercial agreement with 14-partner City firm Druces & Attlee in a bid to provide its clients with a wider portfolio of legal services.`The formal agreement is the first of its kind for Berrymans, which lost more than half of its Liverpool-based commercial department to rival North West firm Brabner Holden Banks Wilson seven months ...
Pittsburgh firm Buchanan Ingersoll is taking on a partner from Denton Wilde Sapte to spearhead a move into insurance work.
Clifford Chance has recruited Ian MacDonald, group legal counsel at CGNU, to its global financial institutions group.
LeBoeuf's James Johnson loves the London life but after six years he is looking forward to returning to New York, despite the different working style
Hextall Erskine senior partner John Bundy fell into law by accident. But the chance stops there- purposefulness has been his driving force ever since
Insurance firm Berrymans Lace Mawer is set to merge with Bristol-based firm Cartwrights.
After testing the water in the UK, Capital One is expanding into Europe. Brendan Malkin meets Nick Carter, the man charhed with overseeing the move and building up the in-house team.
DJ Freeman has appointed corporate insurance specialist Toby Greenbury to the role of senior partner following an equity vote last week. He will take over from litigator Colin Joseph in May.
When Vanni Treves takes over as chairman of Equitable Life, his life promises to be anything but. Can he turn the tables on the headline writers?
Financial Security Assurance provides insurance only for those companies that it believes do not actually need it. Vanessa Pawsey talks to assitant general counsel David Ridl about his favourite type of deal
Philadelphia firm Cozen and O'Connor is hiring its first two UK-qualified insurance partners to boost its fledgling London office.
Davies Arnold Cooper (DAC) is losing an insurance and reinsurance partner to one of its clients, Jardine Lloyd Thompson.
Stephenson Harwood is bolstering its insurance/reinsurance practice by securing a new head from Barlow Lyde & Gilbert.
Lloyd's syndicates Brockbank and Hiscox are setting a new precedent in the insurance market by teaming up for the purchasing of legal services.
Berrymans Lace Mawer and Kennedys are returning to Axa's panel after the insurer finally lifted a six-month suspension on the two firms.
Insurance giant Aon is setting up a 30-strong in-house legal department to be staffed entirely by lawyers on secondment from panel firms.
When insurer Iron Trades decided to restructure its panel last year, it knew it was not going to be a simple operation. After all, when you have no in-house department and you outsource to more than 50 firms, any shake-up has the potential to become very messy indeed.
Dearbail Jordan meets Nick Rochez, Davies Arnold Cooper's senior insurance litigation partner, who caused a stir by going to US firm Leboeuf Lamb Greene & MacRae
Simon Twigden, the head of Addleshaw Booth & Co's London office, has big plans for the firm. Abigail Townsend talks to the man who has his work cut out for him.
Sean Farrell talks to Peter Schwartz, a man who is determined to take a sense of humour with him to Baker & McKenzie - as well as all his clients
Ryan Dunleavy finds that Hextall Erskine's John Startin laughs in the face of law firm panel cuts - he has a cunning plan up his sleeve.
Peter Leaver QC has joined Graham Kelly and Glenn Hoddle on the bench. John-Paul Flintoff discovers that the latest member of football's ruling elite to be sent off still feels mightily aggrieved - and perhaps for good reason
Last week, The Lawyer revealed details of the massive restructure at Davis Arnold Cooper. Now at the helm, with new title of managing director, Nick Sinfield is preparing to steer the firm on a new course. Sean Farrell reports