Legal
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The French mutual and its CEO say they will contest the ruling issued on Tuesday by a Paris court. -
Separate criminal proceedings brought by the French reinsurer against the mutual and its chief have yet to be heard.
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Chancellor of the Exchequer Sunak says the government will take a “technical, outcomes-based approach” to the assessments.
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Amanda Lewis will lead a specialty disruption offering, including contingency, agri-contingency and legal indemnity lines.
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Wording construction, the use of counterfactuals and the notorious Orient Express ruling will all be under the spotlight.
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The CEO reports “forward momentum” after recording strong rate and GWP growth.
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Carriers expect only marginal gains and remain concerned that the UK overhaul will jeopardise equivalence.
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The regulator found that an initial statement about preference shares was “reasonably capable” of misinterpretation.
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Legal developments and the growth of litigation funding create challenges for the industry.
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The outcome of the dispute between Lixil and 20 insurers led by AIG is being seen as a major test of the W&I market.
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The industry group highlights Swiss, US, Asian and Middle Eastern outreach.
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New civil case filings in federal court were up 43% as of the end of June.
