The LMA has this week released the new Joint Excess Loss Committee wordings which replace CL400, following a lengthy project of consultation and drafting

One of the major structural changes in the refined sugar market over the past few years has been that sugar is increasingly shipped by container.

JLT has joined Placing Platform Limited (PPL), the London Market's electronic placing platform. PPL is aimed at supporting more flexible negotiation and fast placement allowing brokers...

In this roundtable discussion, HFW's panel of litigation experts focus on the increase of cross border fraud in Dubai, the BVI and London, the far reaching impact of cross border fraud, as well as the role each region plays. 

The turmoil in the property and financial markets has not left the insurance industry immune, even that behemoth of the US insurance industry, AIG, has been affected.

Welcome to HFW's 'Shipping Insight: Who Rules the Waves?' report which is the first in a series of four publications focussing on a range of issues critical to the shipping industry in 2017.

In the wake of this year's catastrophic hurricanes, Lloyd's has taken the step of postponing the distribution of profits by syndicates.

The recently announced Budget closed a loophole in relation to premium insurance tax.

The oil tanker "Prestige" sunk off the coast of northern Spain in 2002, after being denied safe harbour during a storm.

Having begun market beta-testing of its reinsurance blockchain prototype at the Monte Carlo Rendezvous last month, the Blockchain Industry Initiative, B3i, has grown the number of participants...

The European Network and Information Security Agency (ENISA) issued a report last week on the "Commonality of risk assessment language in cyber insurance".

From 1 April the Financial Ombudsman Service (FOS) award limits have increased to the following amounts...

The Commercial Court set aside an arbitration award becausethe Claimant's emailed arbitration notice to an individual employee at the Respondent did not constitute valid service under the Arbitration Act 1996.

The Court of Appeal in CTI Group Inc v Transclear SA (22 July 2008) has reiterated that under English law international commodities sellers are required to perform their contractual obligations in full even if deprived of their intended source of supply.

Forward freight agreements have given rise to relatively little litigation. It is likely that the litigation which does arise will result from the insolvency of one of the parties.

The recent judgment of the High Court in The Silver Constellation (29 July 2008) considers the extent to which time charterers may insist upon vessels obtaining approval from RightShip, the Australian ship vetting company established as a joint venture between BHP Billiton, Rio Tinto and Cargill.

In February 2008 the LME launches futures trading in steel billets. Steel futures contracts will be traded on the LME like other metals futures, with an option for physical delivery using approved warehouses.

English court proceedings against parties including the arbitrator, B were commenced by A alleging he was induced to enter the arbitration agreement by fraudulent misrepresentation.

By the end of December 2008, the FSA expects all firms involved in retail business to be able to demonstrate, through the use of management information, that they consistently treat their customers fairly in compliance with Principle 6 of the FSA's Principles for Business.

Claims Co-operation Clauses ("CCC") aim to provide reinsurers with a greater degree of control in order to manage risks.