Insurance

Financial Conduct Authority

Court sides with HSF and Mishcon in landmark insurance test case

The High Court has ruled in favour of the Financial Conduct Authority, arguing on behalf of a group of policyholders, in a dispute over whether coronavirus-induced shutdowns should be covered by insurance policies. The FCA, instructing Herbert Smith Freehills, brought a series of test cases on an expedited basis to resolve uncertainty as to whether […]

Slaughter and May

Double win for Slaughters as firm nabs new Government mandates

Slaughter and May has won two lucrative UK Government contracts for mandates to help the rail, and TV and film industry, worth a combined £3.7m. The firm has won the two separate contracts in a matter of months. The first one will see Slaughters advise the Department of Transport on an international rail project, the […]

Gherkin Kirkland

Kirkland leads for Bain Capital in latest insurance-related investment

Three firms fielded teams of lawyers on a deal that saw Bain Capital Credit agree a strategic partnership deal with insurance investor Beat Capital Partners. Kirkland & Ellis won the mandate from Bain’s credit arm, with a team led by transactional partners Rajab Abbassi and Aprajita Dhundia, as well as insurance regulatory partner Parimah Hassouri and […]

Vancouver

Kennedys enters into formal association with Canadian firm

Kennedys has entered into a partnership with Canadian insurance firm, Dolden Wallace Folick. The association with Doldens takes the number of Kennedys’ offices, associations or co-operations around the globe to 63. This is the firm’s first association with a Canadian firm and follows the US merger three years ago with Carroll McNulty & Kull. At […]

Zurich

Five firms make the grade in Zurich’s new large claims panel

DWF and DAC Beachcroft are among a quintet of firms that have successfully landed roles on Zurich Insurance Group’s newly-launched panel. The roster, which will cover a geographic area spanning Europe, Middle East and Africa, will be tasked with handling large claims across its operations in the EMEA region. The full line-up includes longtime advisers […]

Financial Conduct Authority

A&O and DACB act for insurers in FCA’s test case

Allen & Overy and DAC Beachcroft are among the firms on hand for insurance companies, as the UK’s financial regulator looks to bring test cases over their business interruption policies. The Financial Conduct Authority is to launch a series of test cases to resolve current uncertainty as to whether certain business interruption policies linked to […]

London skyline

Clydes aviation partner joins DAC Beachcroft

DAC Beachcroft has snagged an insurance partner from Clyde & Co. Aviation partner Alex Stovold has decamped from Clydes to join DACB’s insurance practice in London. Stovold specialises in aviation work for insurers and reinsurers, with a focus on general aviation, as well as product liability and coverage advice. Much of his work is multi-jurisdictional, […]

pub drinking

Mishcon and Harbour team up again in Hiscox dispute

Harbour Litigation Funding has agreed to fund Mishcon de Reya’s claim against insurer Hiscox. The firm was in talks with a funder last week and it has now been confirmed that Harbour will provide the initial funding for the claim. The claim is brought by Hiscox Action Group, which is a collective group of businesses […]

Action group lines up Mishcon for coronavirus insurance battle with Hiscox

The group of companies accusing insurer Hiscox for refusing to pay out business interruption claims as a result of the coronavirus has appointed Mishcon de Reya. The action group, which now includes over 200 companies, was formed earlier this month after several businesses claimed Hiscox was wrongly denying business interruption claims relating to coronavirus. The […]