Insurance

News

Clydes set to axe 14 partners in post-BLM shake-up

Insurance giant Clyde & Co has launched a UK restructure with up to 14 partner roles understood to be under threat. It is understood that the partners affected were informed of the restructure at the start of January. Sources close to the firm said roles in Clydes’ defendant casualty practice, which covers employer, public, road […]

RPC’s insurance head unveils new three-year growth strategy

RPC’s insurance head is looking to expand the firm’s capabilities in two key areas ahead of a revamped strategy to kick off the 2024/25 financial year. Simon Laird’s three-year strategy for the insurance group will run until the end of the 2027/28 financial year and seeks to grow in two key areas that the firm […]

Peter McCusker, Pinsent Masons

Pinsents hires Royal London’s deputy GC

The deputy general counsel of mutual insurer Royal London is switching back to private practice after over a decade in-house. Peter McCusker is moving to Pinsent Masons’s corporate team from April. The in-houser had been working with the firm on a long-term legacy simplification project that aimed to modernise its life and pensions business via […]

BLM’s 25-year Warburtons relationship disintegrates after Clydes merger

Clyde & Co has been replaced by Warburtons as the bakery’s primary provider of employee personal injury and motor injury claims. The work was taken over by Kennedys as of the start of this month. BLM had conducted this work for 25 years before being replaced by a team at Clydes following the £700m merger between […]

hand shake

Plexus finds a buyer after losing investor support

Axiom DWFM, the firm that recently bought the struggling Ince Group, is expected to sign off an acquisition deal later today for defendant insurance firm Plexus Legal. The Lawyer understands the deal will close this afternoon. Plexus filed a notice of intention to appoint an administrator earlier this month, having confirmed earlier in that week that […]

Analysis

Beyond the Bubble: Harbottle & Lewis has a new double-act

London: Harbottle & Lewis has a new double-act: Last November, Tony Littner joined Charlie Leveque as joint-managing partner for a five-year term. It’s the first time Harbottles has changed its leadership structure in this way, and while it’s not unheard of to have two managing partners (look at Lewis Silkin or Bristows), most go for the […]

Working as an associate on the Manchester Arena inquiry

The Manchester Arena suicide bombing in May 2017 left 22 dead and over 800 injured. Seven years on from the atrocity and the effects are still reverberating. Following substantial lobbying from the family of victim Martyn Hett, legislation to better protect the public from terrorism is underway. Martyn’s Law was outlined in the King’s Speech […]

Revealed: The Top 10 appeals of 2024

At the beginning of the year, The Lawyer released its Top 20 cases of 2024, detailing some of the most influential and intriguing disputes hitting the courts for the first time this year. However, for many parties involved in high-profile cases, there will be a return to the courtroom over the next 12 months. The […]

Bryony Theaker, Clifford Chance

“You suddenly find yourself quite senior”: A Clifford Chance associate reflects on her time in-house

Tallying up two maternity leaves and an 11-month stint in-house, Clifford Chance project finance senior associate Bryony Theaker spent the best part of the pandemic out of private practice. While lawyers may once have associated progression with office visibility, the dial has shifted. Indeed, Theaker explains that she returned from her secondment at interconnector Greenlink […]

Featured Briefings

The reality of the value of ATE insurance for high-net-worth clients

I often hear commercial dispute resolution practitioners, unlike their personal injury and clinical negligence colleagues, say “Our clients are not interested in ATE Insurance or disbursement funding because they can afford to pay disbursements and bear the opponents costs if the case is unsuccessful”. I have a few things to say about this view.

The no creditor worse off principle in the resolution of insurers

The proposal for a directive on the recovery and resolution of insurance and reinsurance companies enshrines the no creditor worse off principle as provided for in the Bank Recovery and Resolution Directive (BRRD). This opens the door for the Portuguese legislature to repeat the mistakes it made when incorporating the BRRD into Portuguese law.

Eroding confidence – when things go south with ATE insurance

In the context of ATE insurance and before the trial of the claim, this often will mean the confidence in the insured’s case has been seriously eroded. Unsurprisingly the cause of such erosion can be a number of factors – disclosure may throw up inconvenient evidence, an expert’s report may be less than supportive, or inconsistencies identified in a key witness’s recollection of events that took place a long time ago.

Ireland: Regulations prohibiting ‘price walking’ in motor and home insurance industries published

Following on from the Central Bank of Ireland’s ‘Review of Differential Pricing in the Private Motor and Home Insurance Markets’, price walking was identified as a key consumer risk. On foot of this, the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Insurance Requirements) Regulations 2022 have now been published and will come into force on 1 July 2022.

IFRS 17: the new reporting standard takes effect

After almost two decades in development, International Financial Reporting Standard 17 (IFRS 17) came into effect on 1 January 2022, replacing IFRS 4. This means that IFRS 17 is effective for reporting periods beginning on or after 1 January 2023, with earlier adoption permitted if both IFRS 15 Revenue from Contracts with Customers and IFRS 9 Financial Instruments have also been applied. The temporary exemption to IFRS 9 Financial Instruments has been extended to 1 January 2023.

Group Litigation – ‘The Right Crowd and No Crowding’

The Temple head office is located just a few miles from the historic motor racing track at Brooklands. In the 1930s the track announced on its posters that it offered “The Right Crowd and No Crowding.” It strikes the author that this catchy phrase sums up the effectiveness of group litigation.

Lender claims in property litigation: a guide based on experience

Property litigation is familiar territory for Temple but one area that often features prominently are claims arising out of the valuation of property. These claims are inevitably cyclical – a downturn in the economy prompts lenders to look to the property against which they may have lent in the past.

Insurance Annual Review

In this review of developments in 2021 and analysis of some of the important issues on the horizon in 2022, Browne Jacobson shares insights that it hopes will enable you to rise to the challenges, and make the most of the opportunities, which lie ahead across various sectors and lines of business.

EIOPA’s Supervisory Statement on the Supervision of Run-Off Undertakings

On 8 July 2021, the European Insurance and Occupational Pensions Authority (EIOPA) published its draft Supervisory Statement on Supervision of Run-Off Undertakings (Paper). The Paper is a precursor to a pan-European supervisory approach to regulating entities in run-off.