In a busy year for the insurance industry, James Healy-Pratt has been busier than many, his remit extending far beyond those of most in-house lawyers.
As general counsel for Amlin, Healy-Pratt kicked off the year by announcing the underwriter’s first ever corporate legal panel. Since then he has been advising Amlin on a range of matters relating to the World Trade Centre attacks, including ongoing litigation in New York. The ‘war on terror’ has brought a number of other issues to the fore for insurers, and Healy-Pratt has travelled the world speaking to regulators.
Towards the end of 2004, the New York Attorney General Eliot Spitzer launched a probe into broker commissions in the insurance industry. Healy-Pratt was quickly involved, dealing with the investigation for Amlin in the US.
Back in the UK, meanwhile, there were more regulatory issues on Healy-Pratt’s plate as he worked with the Lloyd’s Market Association subgroup dealing with the Financial Services Authority’s (FSA) regulation of brokers – a job that will continue into 2005 as the FSA’s control of the industry intensifies.