Legal
Gallagher sued for negligence and breach of contract over failure to cover flat block
Paradigm Housing Group is suing Gallagher for failure to provide the right advice or cover for a £8m flat complex which was damaged in 2020 storms.
Stuart Reid joins Harbour Underwriting as NED
Former Bluefin and Gallagher boss Stuart Reid has joined commercial dispute insurance specialist Harbour Underwriting as a non-executive director, Insurance Age can reveal.
Dirty Martini cocktail chain owner files £4m BI legal case against QIC Europe
CG Restaurant has opened a £4m business interruption legal proceeding against QIC Europe at the High Court in London.
Blog: Nine ways to reduce risk in tech firm contracts
Technology firms thrive in fast-paced environments. But more time spent on customer contract T&Cs would be time well spent, says Travelers Europe’s Toby Harris
Das LEI reports comprehensive £4.3m loss for 2021
Das Legal Expenses Insurance Company made an underwriting loss of £2.1m for the full year 2021 according to its solvency and financial condition report.
Premier League football clubs open court claim against insurers
A suite of football clubs including Arsenal, Aston Villa, Brighton & Hove Albion, Leicester, Liverpool, Tottenham and West Ham have filed a claim in the commercial court against Allianz, Aviva, CNA, Liberty, MS Amlin and Zurich.
BHL-backed Coral Insurance opens for business
Specialist legal expenses provider Coral Insurance, backed by Allianz, began trading this week with the aim of making LEI a “valued, must have” for UK consumers and targeting 15% of the market.
Blog: Lessons in the use of confidential information
Browne Jacobson’s Mark Daniels and Chloe Poskitt outline the key lessons for MGAs following recent court cases.
Mason Owen Financial Services completes MBO from parent company
Commercial property agency Mason Owen & Partners has sold its majority shareholding in broking arm Mason Owen Financial Services and its subsidiary companies to the current management team led by managing director Andrew Gibbons.
Blog: Sanctions screening and responsibilities of UK insurance brokers
It’s critical for brokers to understand and manage sanctions screening and anti-money laundering compliance to avoid possible penalties, including fines, reputational damage and potential imprisonment for senior decision makers, says Paul Tasker CEO of…
Lords Committee calls for “a broader reassessment of regulatory culture”
The Industry and Regulators Committee has outlined concerns about proportionate regulation in the London Market in a letter written to the Economic Secretary to the Treasury, John Glen MP.
FCA puts broker commission under the spotlight in multi-occupancy property insurance review
The regulator’s survey includes asking if brokers have a bribery and corruption policy and a request for a copy.
Lawyers reveal record levels of fines for companies let down by their directors and officers
SMEs racked up over £60m in D&O fines in 2021, compared to £120m between 2016-2020, according to law firm BLM.
Axa opts not to appeal BI ruling in Corbin & King case
The insurer said it is working with the restaurant group to finalise the claim as quickly as possible as well as looking at the impact of the court’s decision on other declined claims.
Opinion: Legal disputes rise as tough times get tougher
Left reeling by pandemics, volatile markets, rising costs and labour shortages, UK businesses are also seeing a spike in legal disputes. ARAG MD, Tony Buss, explains why demand for legal protection is steadily rising with no quick end in sight.
In depth: Employment practices liability: getting back to business?
The disruption to working practices following the Covid-19 pandemic has also prompted major upheaval in the employment practices liability (EPL) market. Tim Evershed reports
In Depth: Legal expenses cover proves value in volatile times
The turmoil caused by pandemics and politics in the past two years has created an increasingly litigious landscape and served to highlight the value and benefit of legal expenses to businesses, says Tim Evershed
Blog: Reducing the personal guarantee risk of solicitors’ PI
Todd Davison, managing director of Purbeck Personal Guarantee Insurance, assesses a particular challenge facing brokers and the solution available as the solicitors professional indemnity insurance renewal season fast approaches.
Marsh McLennan to exit Russia
Businesses to be transferred to local management who will operate independently.
Arc Legal Group launched
The organisation merges AmTrust underwriting and Legal Insurance Management with Arc Legal Assistance.
Insurance sector welcomes changes to Online Safety Bill
The Department for Culture, Media & Sport announced yesterday that the Bill has been adapted to include paid-for scam adverts on platforms like Facebook, Twitter and Instagram.
Government sets 28 March deadline for Russian aviation insurance ban
The UK government revealed the insurance sanctions on 3 March in response to the invasion of Ukraine by Russia.
UK brings in sanctions blocking Russian access to aviation insurance
AM Best put ratings of suite of Russian insurers and reinsurers on negative watch at the start of the month.
Broker Daniel Wilkinson found not guilty in sex assault case
Wilkinson was cleared of groping a woman at an industry awards dinner in 2017.