Legal
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Wrangling over the award of Petroecuador’s 2021 cover has left reinsurers unsure of which primary carrier and broker to back. -
The regulator ordered potential rebates in June after deciding lockdown measures meant some contracts offered little value for money.
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An employment tribunal finds that Liam Vaughan’s claim for constructive unfair dismissal is “well founded”.
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The clauses are widely used in the insurance sector and have led to some high-profile legal battles.
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Patchwork provisions for entities without EU authorisations have largely fallen away during the UK’s protracted divorce.
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The CII, Liiba and others are lobbying hard to have awards such as the ACII recognised in Europe.
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The outcome of the legal battle is hotly anticipated as a litmus test of the viability of the W&I product.
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The court finds no “justifiable doubts” around the arbitrator’s impartiality after the US oilfield services company alleged bias.
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The landmark transaction with Sentry requires court clearance after gaining the state insurance commissioner’s nod.
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The clearance sets Lloyd's on track to complete the mammoth transfer by year end.
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Mr Justice Henshaw says current liabilities are incompatible with the UK Human Rights Act.
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The ruling will follow a final, uncontested court hearing on Wednesday.
