Legal
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The start-up joins Azur, Paragon and Nuclear Risk among the brokers that gained the pre-Christmas go-ahead from the Irish central bank.
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Intermediaries surveyed were split on whether the pandemic had a negative or neutral effect on business.
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Willis has succeeded in winning an injunction that prevents eight brokers from having any contact with their former clients. -
The relative amicability of the breakaway is probably more significant for the insurance sector than the content of the 1,264-page agreement itself.
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Guardrisk argued that its policy did not respond to a general government response to the pandemic.
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The transfer of business to its Irish subsidiary will allow any state within the European Economic Area to carry on the business.
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The insurer said its reserving was still adequate after the court supported its overall approach, but said biosecurity exclusions were not sufficient to decline claims.
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The ruling in favour of Spire Healthcare reaffirms legal principles relating to the aggregation of claims.
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The InsurTech was locked in a dispute with Deutsche Telekom over whether it owns the copyright to the use of magenta.
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The regulator found that Watson and Argo failed to disclose $5.3mn in personal benefits.
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The highest court dashes lingering hopes of pre-Christmas certainty in the BI debacle.
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The firm says the appointment helps to position itself as a “challenger” in the segment.
