Legal

In a joint defence, eight carriers in the High Court case reject FCA’s interpretation of proximate cause.

Lloyd’s brush with aviation asphyxia highlights how its elaborate ecosystem, including an extensive use of outsourced suppliers, can make it vulnerable to sanctions clampdowns.

The regulator says that the losses were caused by a “jigsaw” of events that should be considered as a whole.

The FCA said in its skeleton argument that the government’s instructions amounted to an imposition or order.

DXC’s Xchanging backs down from rules that appeared to put the kibosh on any placement that had Cuban or Iranian exposure.

Insurers involved in the Financial Conduct Authority (FCA)’s test case for BI disputes have contested the regulator’s assertion that the Covid-19 outbreak was the proximate cause of insureds’ losses.

The settlement prevents insurers from pegging claims developed over years of exposure to a reinsurance policy year of their choosing.

The regulator says it is reasonable to rely on Imperial and Cambridge models as a form of evidence.

The insurance industry's early victory could set a precedent for the many pandemic-related disputes in train.

Expert testimony will be needed on vicinity point if FCA opts not to amend its original argument by Friday.

Assessments of how closely UK rules mirror those of the bloc look set to remain mired in politics.

The latest damaging D&O loss comes as the market hardening continues to accelerate.