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Insurance/Reinsurance

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Our views:

  • Are extended warranties contracts of insurance? - The Court of Appeal has upheld a decision of the High Court that Digital Satellite Warranty Cover Limited and an associated partnership carried on by two individuals should be wound up on the basis that they were carrying on an insurance business.  The application was made by the Financial Services Authority (“FSA”).  As insurance businesses, they required to be authorised by the FSA, and no such authorisation had been given.  The business in question was the provision of repairs to and replacement of satellite television equipment when the original manufacturers’ warranty had expired.  Read more >
  • NZ Quakes raise number of Issues for Reinsurers - David McCarthy discusses the swarm of earthquakes that have plagued Christchurch in New Zealand and how they will continue to exercise reinsurers' minds for several years to come in terms of the issues of aggregation, numbers of deductibles, limits, reinstatements and Contingent Business Interruption (CBI").  (This article was first published in Insurance Day on 10 November 2011.)   Read more > 
  • The Consumer Insurance (Disclosure and Representations) Bill - Draft legislation has now been introduced into Parliament which will provide a statutory and compulsory basis for what has been seen as good practice in the consumer insurance market.  The consequences for the wider insurance and reinsurance market are more speculative. Read more> 
    For further information on The Consumer Insurance Bill, see Andrew Rose and David McCarthy's article published in Insurance Day in May 2011.  Read more > 

 

Archive:

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Get in touch

Anthony Lennox

Anthony Lennox

BLP
Partner, Head of Insurance / Reinsurance
Jonathan Sacher

Jonathan Sacher

BLP
Partner, Insurance / Reinsurance

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