Aggregation of losses under English, Cayman Islands, and Bermuda law: COVID-19 reminder for insurers and reinsurers

The longer and further that COVID-19 spreads, the more likely it is that there will be disputes as to whether or not COVID-19 related losses can be aggregated by (re)insureds for the purpose of (re)insurance claims.

Related briefings

Safe travels: can Bermuda’s testing approach offer lessons?

The aviation industry has been one of the worst hit by the Covid-19 pandemic. If airlines and associated businesses are to survive, it is essential that people start flying again. How to do that safely without promoting the spread of the virus is the sixty-four billion dollar question.

Provisional liquidators, the automatic stay, and the Hong Kong Court

By Ben Hobden and Norman Hau This article considers the approach taken by the Cayman Court when faced with an application by a company to appoint ‘soft touch’ provisional liquidators and obtain the benefit of the statutory moratorium when proceedings are extant in another jurisdiction, and a recent decision of the Hong Kong Court providing […]

BVI passes legislation codifying the “Black Swan” jurisdiction

On 7 January 2021, the BVI enacted an important amendment to the Eastern Caribbean Supreme Court (Virgin Islands) Act which provides that the BVI court now has jurisdiction to grant free-standing interim relief in aid of existing or anticipated foreign proceedings.

10 Things You Need To Know About Taking Security Over a Cayman Islands Flagged Vessel

The Cayman Islands are an attractive choice for ship owners seeking financing for their vessels and for financiers looking for security in relation to their investment due to the well-established, highly experienced and client-focused shipping registry as well as a legal and political system which creates a strong, stable and creditor friendly jurisdiction. In the […]

Latest Briefings

Webinar: Media Law Update

Speakers: Catrin Evans QC, Ian Helme, Lorna Skinner, Kirsten Sjøvoll Topics discussed include: The Sun in Hollywood: Lessons from Depp v NGN Harry Potter to HS2: Known Persons Unknown An unauthorised dossier: Gubarev v Orbis

Business Interruption Insurance Test Case: Supreme Court backs FCA

Today’s Supreme Court judgment paves the way for thousands of businesses to have their claims for Covid-related business interruption losses paid. We reported in September 2020 on a landmark High Court ruling for policyholders with certain business interruption insurance who have been forced to close as a result of the Covid-19 pandemic. The test case, which was […]

As the HSE clamps down on employers, how Covid-secure is your workplace?

With an increase in both inspection and enforcement activity by the HSE and local authorities, we look at what you can do to keep your workplace Covid-secure, employees safe and how to avoid potential warnings or prosecution. Current position Back in the autumn of 2020, employees were encouraged to return to work as lockdown restrictions […]

Tender for nine onshore petroleum concessions in Angola

The National Agency for Petroleum Gas and Biofuel (ANPG) announced on 31 December 2020 the tender for the concession of 9 onshore blocks in Angola. The tender comprises Blocks CON1, CON5 and CON6, of the Lower Congo Basin and Blocks KON5, KON6, KON8, KON9, KON17 and KON20, of the Kwanza Basin. https://www.plmj.com/en/knowledge/informative-notes/Tender-for-nine-onshore-petroleum-concessions-in-Angola/31187/

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Slaughters partner leaves with “immediate effect” after firm probe

Slaughter and May finance partner Oliver Storey has left the firm following an internal investigation. Slaughters confirmed that Storey has retired from the partnership with immediate effect, and that the Solicitors Regulation Authority (SRA) has been notified. Storey began his training with the firm in 2006 was promoted to partner in 2016. Slaughters senior partner […]

Hogan Lovells, HSF and Milbank on call in £600m jurisdiction challenge

A group of high-profile financial institutions have triumphed in a jurisdiction challenge against the Kuwaiti state pension fund in a mammoth fraud matter worth over £600m. In an eagerly anticipated judgment, Mr Justice Henshaw ruled in favour of the defendants that fought for the challenge in a four-day hearing in July. This proved a significant […]

Simmons & Simmons

Simmons re-imagines Fast Forward initiative for Covid era

Simmons & Simmons has conducted a firmwide project to improve client service during the pandemic period, with the firm’s managing partner holding weekly calls to guide partners through the economic consequences of the pandemic. The initiative, called Fast Forward, was born one and a half years ago as a way of providing clients with useful […]

Loving legal life: Wellbeing, stress and professional performance – the solution is here

This week systemic coaches Zita Tulyahikayo and James Pereira QC discuss how the limitations of conventional legal training contribute to poor performance and poor wellbeing. They call for a new set of skills-based competencies to support professional performance; the relinquishing of old cliches around wellbeing and law firm culture; and the creation of a new narrative where resourced lawyers who enjoy their work are renowned for their personal skills, not just their legal knowledge.

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