Insurance

News

Ten firms win places on Aviva’s first panel review since 2013

FTSE 100 insurance giant Aviva has completed a review of its two largest legal panels, with ten firms making the grade. Allen & Overy, DLA Piper, Eversheds Sutherland, Pinsent Masons and Slaughter and May have been reappointed to the Aviva Group panel, as well as RPC as a new addition. DLA Piper and Eversheds have […]

Norton Rose Fulbright to lose seven insurance lawyers to DACB

Norton Rose Fulbright‘s insurance team has been hit once again, as seven lawyers exit for DAC Beachcroft. The group will follow former Norton Rose Fulbright partner Liam O’Connell, who left the firm in May to head DACB’s global insurance practice. He will be joined by fellow partner Kirsty Hick, who litigates on behalf of insurance […]

Weathervane

Clydes debuts smart contract to insure against weather damage

Clyde & Co has engineered a new type of contract that allows insurers to fend off the consequences of disastrous weather events by using real-time data to inform policy covers. The concept falls under the technical name of ‘connected parametric insurance contract’, describing a contract that relies on external data sources to automate provisions of client […]

Dublin

Brexit forces Clydes’ hand into Dublin office opening

Clyde & Co has become the latest UK-headquartered law firm to launch in Dublin with the potential impact of Brexit cited as a key influence in its decision. The firm has said that its new Dublin site will allow its Irish law capabilities to continue “seamlessly” after the UK leaves the European Union, which is […]

Analysis

Loans

After Burford, litigation funders need a healthy dose of transparency

Litigation funders live and breathe disputes, but this was not the sort of dispute Burford Capital was used to. On August 8, Burford’s share price plunged 66 per cent after a ferocious attack from San Francisco-based hedge fund Muddy Waters, whose founder Carson Black questioned the accuracy of the funders accounting practices. Black described the […]

Featured Briefings

Insurance: Third Party Rights Act 2010 – what you need to know

Since 1930 we’ve had laws aimed at ring-fencing certain insurance proceeds from an insured company or individual’s insolvency for the benefit of third parties with insured claims against the insolvent party. Without this legislation, any insurance proceeds would go into the general pot and shared among the insolvent party’s creditors as a whole rather than […]

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