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Insurance and reinsurance

Video

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

Published on 29 May 2020. By Peter Mansfield, Partner

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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'.

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Publication

Coronavirus – a bumpy road ahead for D&O

28 May 2020

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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.

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Video

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

Published on 27 May 2020. By Peter Mansfield, Partner

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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'.

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Publication

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

22 May 2020

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

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Publication

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

19 May 2020

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

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Publication

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

12 May 2020

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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.

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Podcast

A look at Lloyd's Lab

06 May 2020

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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.

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Publication

General liability newsletter - April 2020

04 May 2020

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

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Publication

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

01 May 2020

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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.

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Publication

International risk team: The Evolution of the Remedy of Avoidance

24 April 2020

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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”.

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Publication

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

Published on 22 April 2020. By Paul Baker, Legal Counsel

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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.

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Publication

International Risk Team: Practical briefing - marine products

20 April 2020

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

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Publication

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

16 April 2020

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

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Blog

International risk team: To repair or not to repair

14 April 2020

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

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Podcast

Mental health and wellbeing in the insurance industry

14 April 2020

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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.

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Blog

COVID-19: Trials - the show must go on

Published on 09 April 2020. By Alexandra Anderson, Partner

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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.

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Publication

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

09 April 2020

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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.

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Publication

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

08 April 2020

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

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Publication

International risk team: Mitigation in Trade Credit Insurance

Published on 07 April 2020. By Paul Baker, Legal Counsel

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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.

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Blog

Tax breaks to promote insurance sector

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

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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.

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Publication

Health and Safety Bulletin – March 2020

01 April 2020

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

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Podcast

The role of an insurance broker

31 March 2020

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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.

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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

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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.

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Publication

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

Published on 19 March 2020. By Lucy Cadwallader, Associate

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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.

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Publication

Contingency market coronavirus briefing – event cancellation

16 March 2020

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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.

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Publication

Covid-19 risk update for UK insurers

12 March 2020

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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.

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Publication

International risk: the evolution of the remedy of avoidance

10 March 2020

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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”.

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Blog

Building on renewable energy #2 - Wind power

05 March 2020

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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.

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Podcast

A CEO's outlook of the insurance market (with Sian Fisher)

03 March 2020

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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 the insurance market from the perspective of Sian Fisher, CEO of the Chartered Insurance Institute (CII).

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Blog

Product Law update - Feb 2020

Published on 28 February 2020. By Gavin Reese, Partner and Elinor Sidwell, Associate

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Welcome to the latest edition of our product law update, this month we focus on product regulation post Brexit, the relationship between the limitation longstop and the Consumer Protection Act 1987 and product recalls of electrical goods across the UK.

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Publication

Novel Coronavirus ("Covid-19") and its potential implications for Business Interruption Insurers

20 February 2020

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

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Podcast

A look at MGAs

18 February 2020

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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 MGAs with the help of Tim Jones, Director at MPR Underwriting.

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Publication

The march of the machines?

Published on 10 February 2020. By Leigh Williams, Partner and William Jones, Senior Associate

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You may have seen the piece by the BBC a couple of weeks ago about Artificial Intelligence entering into a “winter”, following its “summer” of the last decade). In short, there appears to be a growing consensus that AI has been over-hyped particularly by those selling it.

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Publication

General liability newsletter - January 2020

06 February 2020

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Welcome to the latest edition of our general liability newsletter, rounding up the key cases from January 2020. This month we look at recent cases involving; claims for court fees, late applications to vacate trial, part 36 settlements & litigation privilege.

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Podcast

The Future at Lloyd's Blueprint One

04 February 2020

The Future at Lloyd's Blueprint one

Welcome to Insurance Covered! The podcast that looks at the inner workings of the insurance industry with the help of expert guests! For our maiden episode we look at 'The Future at Lloyd's Blueprint One' with a particular focus on the plans to revolutionize the claims process.

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Blog

Building on renewable energy #1 - Solar power

Published on 03 February 2020.

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Solar power is produced by the absorbing of the sun's rays by solar panels. The photovoltaic (pv) cells contained within the panels convert sunlight into electricity, which (after conversion into an alternating current) can then be exported to the grid or used to power the sites on which the panels are situated. This all sounds simple enough, but solar pv arrays can present some challenges from a design and construct perspective.

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Blog

Building on renewable energy

Published on 03 February 2020.

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2019 was potentially a significant year for the renewable energy industry. Record temperatures and environmental catastrophes highlighted the need to reduce carbon emissions and make greater use of sources of renewable energy, and political parties championing green policies saw – for the most part – their share of the vote increase both domestically and internationally.

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Blog

The risks of peer to peer lending

Published on 09 January 2020. By Ben Goodier, Partner and Katharine Cusack, Partner

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Insurers are on the watch for a potential increase in claims arising in 2020 from peer to peer lending.

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Publication

Product liability update - November 2019

02 December 2019

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A round-up of some of the recent stories making the news.

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Publication

General liability newsletter - October 2019

04 November 2019

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Welcome to the October edition of our general liability newsletter. This month looks at recent cases involving; fraud, privilege, covert surveillance, non-party access and legal costs.

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Publication

Privilege Absolute: documents remain privileged forever, unless privilege is waived

Published on 21 October 2019. By Nick Bird, Partner and Laura Stocks, Partner

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The Court of Appeal has taken a robust stance against an attempt to retrospectively redraw the boundaries of legal professional privilege in the recent decision of Addlesee and others v Dentons Europe LLP1.

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Blog

Hong Kong insurance regulation update - Regulator Codes of Conduct for Brokers and Agents

Published on 06 September 2019. By Andrew Carpenter, Partner

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With effect from 23 September 2019, the independent Hong Kong Insurance Authority (the IA) will take over regulation of insurance intermediaries from the three existing self-regulatory organisations (the Hong Kong Confederation of Insurance Brokers, the Professional Insurance Brokers Association, and Insurance Agents Registration Board) and administer a new statutory licensing regime.

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Publication

Product liability update August 2019

29 August 2019

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A round-up of some of the recent product liability stories making the news.

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Blog

High Court rejects Part VII transfer - Prudential and Rothesay Life

Published on 20 August 2019. By Neil Brown, Partner

High Court rejects Part VII transfer in Prudential and Rothesay Life case which had been approved by the regulators and blessed by the independent expert.

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Publication

General liability newsletter - August 2019

Published on 05 August 2019. By Gavin Reese, Partner and Robert John, Senior Associate and Jonathan Drake, Senior Associate

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The latest general liability news coming out of the courts.

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Blog

How the “30 days period” to pay a claim in Latin America works in practice

04 June 2019

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Everyone dealing with Latin American claims will become familiar with the short deadlines imposed in these jurisdictions for paying a claim. However, how those deadlines are applied in practice can be a complex matter to work out.

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Publication

Kidsons and Kajima reviewed

31 May 2019

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The Court of Appeal considers the notification of a “hornet’s nest” in Euro Pools Plc v Royal Sun Alliance Plc

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Publication

Product liability update May 2019

31 May 2019

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A round-up of some of the recent stories making the news, from consultation on food labelling to changes to the product liability and safety legislation in the event of a "no deal" Brexit.

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General liability newsletter April 2019

Published on 30 April 2019. By Gavin Reese, Partner and Jonathan Drake, Senior Associate

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The latest general liability news coming out of the courts.

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Product liability update - February 2019

28 February 2019

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A round-up of some of the recent stories making the news, from the Product Safety Marking in the event of a “no deal” Brexit to Social media and product advertising.

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