Legal

The HMRC proposal would restrict VAT recoveries that are currently permitted for insurance services providers supplying carriers located outside the EU but serving UK clients.

Only 7 percent of those surveyed buy insurance for intellectual property litigation risk now but one-third would do so in the future, the broker found.

In a letter to the European Commission, the trade body called for legal certainty about the transfer of personal data between the UK and the EU and the EEA ahead of Brexit.

The college alleges that 13 carriers are in breach of contract for not covering costs, including a $500mn settlement.

The new wording builds on the non-subscription market clause the IUA published last month.

Legal costs tied to intellectual property can be large yet risks are often excluded.

Willis said “the raid” by the rival broker led to at least nine other departures.

The Reconstruction and Renewal process at Lloyd’s more than two decades ago has limited syndicates’ options for legal redress.

For now, motor insurers can sleep a little easier.

The increase in securities class actions is not a fleeting thing because it is part of a larger shareholder activism movement that has loomed for several years now.

One could point to Solvency II as evidence that our part of the sector will take the incoming accounting standard standard in its stride.

The (re)insurer is establishing Markel Insurance SE within the EEA ahead of Brexit.