Water cooler and triangular chairs.

Insurance and Reinsurance

Blog

Building on renewable energy #3 – Anaerobic Digestion

Published on 24 September 2020. By Adrian Hurlock, Associate

Green tint 1

Anaerobic digestion is the process by which biodegradable materials are broken down in a controlled environment. Whilst being broken down, the materials emit gas (which can be used as a source of renewable energy), and produce heat (which can also be harnessed on or near-to site). The process also leaves a waste material (digestate), which can be used as fertiliser, contributing to the circular economy.

Read more
Blog

Product Law bulletin – August 2020

Published on 28 August 2020. By Gavin Reese, Partner and Nick McMahon, Head of Health and Safety and Robert John, Senior Associate and Elinor Sidwell, Associate

Abstract building

Welcome to the latest edition of our product law update, this month we focus on how COVID-19 is impacting product liability regulation.

Read more
Podcast

The future of insurance

25 August 2020

Purple tint 5

Welcome to Insurance Covered! The podcast that looks at the inner workings of the insurance industry with the help of expert guests.

Read more
Podcast

Insuring the sharing economy with Chris Moore

17 August 2020

Untinted 5

Welcome to Insurance Covered! The podcast that looks at the inner workings of the insurance industry with the help of expert guests.

Read more
Publication

General Liability newsletter – July 2020

10 August 2020

Green tint 1

Welcome to the latest edition of our general liability newsletter, rounding up some the key cases from the last few months. This month we look at recent cases and government updates regarding: Ogden tables, fraudulent or exaggerated claims, consent orders, pre action disclosure applications and the vital importance of causation as an ingredient of negligence in addition to breach of duty.

Read more
Video

Tales from COVID: Insurance in the time of coronavirus – Cyber

Published on 10 August 2020. By Peter Mansfield, Partner and Simon Laird, Global Head of Insurance

Green tint 2

In conjunction with our US alliance partners, Hinshaw and Culbertson LLP, we have produced a series of 'informal chats' with the title 'Tales from Covid: Insurance in the Time of Coronavirus'.

Read more
Podcast

A look at the Lloyd's Market Association

03 August 2020

Gray tint 5

Welcome to Insurance Covered! The podcast that looks at the inner workings of the insurance industry with the help of expert guests.

Read more
Blog

D&O – the irrelevance of the Corporate Insolvency and Governance Act

Published on 28 July 2020. By Simon Goldring, Partner and Richard Booth, Senior Associate

Green tint

The Corporate Insolvency and Governance Act ("the Act") came into expedited effect on 26 June 2020 and is intended to maximise the chance of corporate survival and reduce the threat of personal liability on directors during this unprecedented economic crisis.

Read more
Publication

Business interruption update

Published on 27 July 2020. By Toby Savage, Partner and Victoria Sherratt, Partner and Catherine Percy, Partner and Leigh Williams, Partner

Green tint

In the wake of the government lockdowns across the globe and as restrictions begin to be eased in some countries, RPC has accessed a number of pre-eminent insurance practices in the major claims centres to swap notes on some of the key legislative developments to date in their respective jurisdictions and any recent cases of interest.

Read more
Blog

Tax incentives for HK Insurance market

Published on 24 July 2020. By Andrew Carpenter, Partner

Purple tint 5

First proposed in December last year, the Hong Kong Legislative Council has now passed a measure that will reduce profits tax on several insurance businesses.

Read more
Publication

International risk team: The future at Lloyd’s

Published on 24 July 2020. By Hugh Thomas, Senior Associate and Toby Savage, Partner

Green tint 1

At the end of last year Lloyd’s published its Blueprint One, another instalment in the Future at Lloyd’s initiative. Blueprint One is a strategic document which maps out the ways in which the Corporation intends to combine data, technology and new ways of working in order to revolutionise the Lloyd’s market. The proposals are wide ranging and touch upon all facets of business at Lloyd’s, from risk placement through to claim payment, along with initiatives for attracting more capital and the development of new products.

Read more
Publication

Is your OEE cover under control?

15 July 2020

Gray tint 1

This month marked the 32nd anniversary of the devastating fire and explosion which destroyed the Piper Alpha platform in the UK sector of the North Sea. The event remains one of the largest ever offshore catastrophes, tragically claiming 167 lives.

Read more
Podcast

A look at US insurance trends

15 July 2020

Green tint 1

Welcome to Insurance Covered! The podcast that looks at the inner workings of the insurance industry with the help of expert guests. This episode we are joined by Scott Seaman, co-chair of the insurance practice group at our US alliance firm Hinshaw & Culbertson. For this episode we will be looking at; social inflation, bad faith and punitive damages in the context of the US insurance market.

Read more
Publication

Health and Safety Bulletin – June 2020

01 July 2020

Green tint 1

Welcome to the latest edition of our Health and Safety update.

Read more
Blog

International risk team: Practical issues resulting from the impact of lockdown restrictions on BI/DSU losses

Published on 22 June 2020. By Alex Almaguer, Senior Associate and Chris Burt, Senior Associate

Green tint 1

There has been much discussion about the general impact of COVID-19 on the insurance sector. In this note we highlight some practical issues (re)insurers are facing following the imposition of lockdown restrictions implemented by governments on existing or new BI/DSU losses where there is covered PD that is unconnected with COVID-19.

Read more
Blog

International risk team: Mediating in a time of social distancing

Published on 16 June 2020. By Naomi Vary, Partner and Damon Brash, Senior Associate

Abstract building

The new, and arguably more relaxed, government guidance notwithstanding, it seems inevitable that the COVID-19 crisis will leave people more cautious about face-to-face meetings. Nonetheless, disputes will continue, and so must efforts to resolve them.

Read more
Video

Tales from COVID: Insurance in the time of coronavirus - Bad faith

Published on 12 June 2020. By Peter Mansfield, Partner

Gray tint 4

In conjunction with our US alliance partners, Hinshaw and Culbertson LLP, we have produced a series of 'informal chats' with the title 'Tales from Covid: Insurance in the Time of Coronavirus'.

Read more
Blog

No room for error – The decision in Mahoney v Royal Mail

Published on 10 June 2020. By Gavin Reese, Partner and Nick McMahon, Head of Health and Safety and Robert John, Senior Associate

Green tint 1

In a decision reported by Crown Office Chambers, the claim of Mahoney v Royal Mail had been proceeding through the online claims portal uneventfully and in the usual manner. Liability had been admitted by the Defendant at stage 1 and the parties had been negotiating settlement at stage 2.

Read more
Blog

Product Law bulletin – June 2020

Published on 05 June 2020. By Gavin Reese, Partner and Nick McMahon, Head of Health and Safety and Robert John, Senior Associate and Peter Rudd-Clarke, Legal Director and Elinor Sidwell, Associate

Abstract building

Welcome to the latest edition of our product law update, this month we focus on how COVID-19 is impacting product liability regulation.

Read more
Podcast

A look at Lloyd's of London

04 June 2020

Purple tint 2

Welcome to Insurance Covered! The podcast that looks at the inner workings of the insurance industry with the help of expert guests. This episode we look at Lloyd's of London, who they are and why they are such a key part of the global insurance industry. Our guest this week is Elliot Maule, Senior Programme & Marketing Manager at Lloyd's.

Read more
Blog

International risk team: The potential and perils of offshore wind

Published on 04 June 2020. By Gary Walkling, Partner

Purple tint 1

A recent report by the IEA(1) has laid bare the impact of the COVID-19 pandemic on the energy industry. Demand for coal and oil plummeted as entire countries and industries went into lockdown in the first quarter of 2020. Renewable energy, however, bucked the trend and actually saw demand increase, primarily due to larger installed capacity and priority dispatch.

Read more
Video

Tales from COVID: Insurance in the time of coronavirus - Bankruptcy and insolvency

Published on 01 June 2020. By Peter Mansfield, Partner

Gray tint 2

In conjunction with our US alliance partners, Hinshaw and Culbertson LLP, we have produced a series of 'informal chats' with the title 'Tales from Covid: Insurance in the Time of Coronavirus'.

Read more
Video

Tales from COVID: Insurance in the time of coronavirus - Event cancellation

Published on 29 May 2020. By Peter Mansfield, Partner

Gray tint 2

In conjunction with our US alliance partners, Hinshaw and Culbertson LLP, we have produced a series of 'informal chats' with the title 'Tales from Covid: Insurance in the Time of Coronavirus'.

Read more
Publication

Coronavirus – a bumpy road ahead for D&O

28 May 2020

Green tint 1

Globally, insurers are waiting to see how COVID-19 related exposures will impact their respective D&O books. RPC has accessed a number of pre-eminent insurance practices in the major claims centres to swap notes on the possible D&O exposures in their respective jurisdictions and how they envisage insurers might act in response.

Read more
Video

Tales from COVID: Insurance in the time of coronavirus - Business interruption

Published on 27 May 2020. By Peter Mansfield, Partner

Green tint 2

In conjunction with our US alliance partners, Hinshaw and Culbertson LLP, we have produced a series of 'informal chats' with the title 'Tales from Covid: Insurance in the Time of Coronavirus'.

Read more
Publication

Draft Fatal Accidents Act 1976 (Remedial) Order 2020: Second Report

22 May 2020

Green tint 1

On 18 May 2020, the commons Human Rights Committee published their second report on the reforms proposed to bereavement damages available in the UK.

Read more
Publication

International risk team - What’s my part in all this?

19 May 2020

Green tint 1

One of the most common issues to arise in offshore energy construction claims is the application of WELCAR’s Defective Parts clause.

Read more
Publication

International risk team: Aggregation issues in Covid-19 related claims

12 May 2020

Green tint 1

A lot of electronic ink has been used by lawyers to debate whether coronavirus on the surface of physical things constitutes damage. Although that may have seemed a crucial question some weeks ago before the lock-down it is probably largely academic now.

Read more
Podcast

A look at Lloyd's Lab

06 May 2020

Gray tint 3

Welcome to Insurance Covered! The podcast that looks at the inner workings of the insurance industry with the help of expert guests. This week we are taking a look at Lloyd's lab, the renowned insure-tech startup programme. Our guest is Ed Gaze, who is the Lab Manager.

Read more
Publication

General liability newsletter - April 2020

04 May 2020

Gray tint 1

Welcome to the latest edition of our general liability newsletter, rounding up some the key cases from the last few months.

Read more
Publication

International risk team - The Atlantik Confidence: precautions to take in respect dubious claims in the wake of economic crises

01 May 2020

Gray tint 1

Insurers want to pay claims. However, insurance claims history shows that when certain businesses face an existential threat they are inclined to take a very aggressive attitude towards their insurance “assets” in a desperate attempt to generate liquidity.

Read more
Publication

International risk team: The Evolution of the Remedy of Avoidance

24 April 2020

Purple tint 2

There used to be a side-splitting “joke” amongst the barrister authors of a particular insurance law textbook that its title ought to have been “How to Avoid”.

Read more
Publication

International Risk Team: Arbitration in the time of Coronavirus - should Tribunals suspend proceedings?

22 April 2020

Gray tint 1

The global pandemic has caused many of the ‘normal’ facets of life to come to an abrupt standstill. The legal world is, of course, not immune to the effects of coronavirus and dispute resolution has been impacted.

Read more
Publication

International Risk Team: Practical briefing - marine products

20 April 2020

Green tint 1

The impact of the current COVID environment (and its longer-lasting effects) on marine insurance products falls, we believe, into three categories.

Read more
Publication

International risk team: The impact of COVID-19 on existing business interruption claims

16 April 2020

Purple tint 2

The global spread of COVID-19 and its impact on a wide range of businesses is unprecedented in its speed and scale.

Read more
Blog

International risk team: To repair or not to repair

14 April 2020

Gray tint 1

A universal truth for businesses in the grip of the current global pandemic is that “Cash is King”.

Read more
Podcast

Mental health and wellbeing in the insurance industry

14 April 2020

Untinted 5

Welcome to Insurance Covered! The podcast that looks at the inner workings of the insurance industry with the help of expert guests. This week we have Nick Bloy, Founder of Wellbeing Republic, and the topic of discussion will be mental health and wellbeing with a particular focus on the insurance industry. Nick talks about his career journey, starting as a lawyer before moving into a mental health and well being role.

Read more
Blog

COVID-19: Trials - the show must go on

Published on 09 April 2020. By Alexandra Anderson, Partner

Purple tint 2

Judges are taking to heart the HMCTS's guidance focused on encouraging judges to maximise the use of video and telephone hearings using current technology. So, while the theatres in the UK remain closed, the theatres of justice continue with their activities.

Read more
Publication

“Tech, lies and video-conferencing”: The Court’s implementation of remote hearings

09 April 2020

Gray tint 1

Perhaps very few legal practitioners would have thought that an establishment so rooted in 19th century custom and tradition would be so willing to adopt comparatively modern means of navigating the logistical challenges brought about by the COVID-19 pandemic.

Read more
Publication

International risk team: Practical suggestions for prompt payment on complex claims

08 April 2020

Abstract building

In the current climate, settling claims and getting funds to an assured promptly is as vital now as it ever was.

Read more
Publication

International risk team: Mitigation in Trade Credit Insurance

07 April 2020

Untinted 3

The measures taken by governments around the world to halt the spread of COVID-19 are already having a significant impact on the global economy. The prohibitions on trade, and closures of businesses, unfortunately mean that an increase in defaults and insolvencies is inevitable.

Read more
Blog

Tax breaks to promote insurance sector

Published on 06 April 2020. By Antony Sassi, Managing Partner, Asia and Andrew Carpenter, Partner

Gray tint 5

On 30 March 2020 the Financial Services Development Council (FSDC) published its paper “Insuring Hong Kong’s Future –Tax Recommendations to Enhance and Grow Hong Kong’s Insurance Industry”. This is a further step taken by the FSDC to enhance the competitiveness of the Hong Kong insurance market as a key global risk management centre and regional insurance hub. The several proposed tax measures would extend to both (re)insurance companies, brokers and individual policyholders.

Read more
Publication

Health and Safety Bulletin – March 2020

01 April 2020

Green tint 1

Welcome to the latest edition of our Health and Safety update.

Read more
Podcast

The role of an insurance broker

31 March 2020

Untinted 4

Welcome to Insurance Covered! The podcast that looks at the inner workings of the insurance industry with the help of expert guests. This episode we are joined by Steve Ray, Director at Howden Group and our topic for discussion is the role of an insurance broker.

Read more
Publication

Insureds likely face uphill battle in seeking coverage for coronavirus losses in both US & UK

Published on 20 March 2020. By Victoria Sherratt, Partner and Naomi Vary, Partner and Leigh Williams, Partner and Simon Laird, Global Head of Insurance

Purple tint 1

As the coronavirus, COVID-19, continues to spread, organizations around the globe are facing mounting business disruptions and economic losses. Some of these entities may seek coverage for these losses under a variety of insurance policies. Coverage under any form will depend, of course, on the facts of the claim, policy wordings, and the applicable law. Here, we highlight some policy wordings insurers should keep in mind when evaluating coronavirus-related claims under various coverage forms.

Read more
Publication

Risk management for surveyors – how to be prepared for your PII renewal

Published on 19 March 2020. By Lucy Cadwallader, Associate

Gray tint 4

Surveyors will be aware of the requirement to have Professional Indemnity Insurance (PII), both for RICS membership and to protect themselves in the event of a claim. Despite the fact that valuers are facing considerably fewer claims than they did in the years following the 2008 economic crisis, there has still been a reduction in the availability of PII and surveyors are facing a challenging time when they come to renew their insurance.

Read more
Publication

Contingency market coronavirus briefing – event cancellation

16 March 2020

Purple tint 5

On 11 March 2020, the World Health Organisation declared the current COVID-19 outbreak to be a worldwide pandemic. For the vast majority of people, this label may make little practical difference; the WHO designation does not trigger any automatic or mandatory global reaction, and the decision as to the steps to be taken in response to the outbreak remain in the hands of national governments.

Read more
Publication

Covid-19 risk update for UK insurers

12 March 2020

Purple tint 5

In the context of the novel coronavirus dominating international news headlines, RPC consider some key insurance issues with respect to the potential application of notifiable disease and supply chain extensions to standard business interruption insurance policies.

Read more
Publication

International risk: the evolution of the remedy of avoidance

10 March 2020

Purple tint

There used to be a side-splitting “joke” amongst the barrister authors of a particular insurance law textbook that its title ought to have been “How to Avoid”. This was because twenty-five years ago telephone calls between insurance carriers and their lawyers might often have started with: “We are going to get clobbered. How can we get out of this?”. Back then the insurance market was a very different place to what it is now. It was somewhat fragmented and there was a heady mix of under-capitalisation and LMX spiral business (a hazardous game of “pass the exploding parcel” played through mutual reinsurance). A big loss could spell doom – hence the “joke”.

Read more
Blog

Building on renewable energy #2 - Wind power

Published on 05 March 2020. By Adrian Hurlock, Associate

Green tint 4

Wind power is, unsurprisingly, generated by wind (typically as little as a light breeze) passing over and turning the turbine's blades. The blades are connected via a shaft and gearbox to a generator, which converts the kinetic energy into electrical energy. A transformer then increases the voltage of the generated energy to enable transmission to the grid.

Read more