Following its consultation in February, the European Insurance and Occupational Pensions Authority (EIOPA) published its final guidelines on complex IBIP under the IDD (Guidance).

In the Durham v BAI & Others (2008) test case the Court endorsed the "inhalation/exposure" trigger which had traditionally been applied by the employers liability (EL) insurance market to mesothelioma claims.

A vast amount has been written in the last year or so concerning the potential liabilities faced by directors and officers in the financial downturn and the importance of D&O insurance cover.

The upheaval over the last few weeks in the financial markets has again placed Directors & Officers ("D&O") insurance in the spotlight.

This case concerned the reinsurance arrangements for multiple layers of excess liability umbrella insurance coverage written from 1981 to 1984

Following the publication earlier this year of a report on general insurance comparison websites which welcomed the competition that they would bring, the FSA have now, in a second stage review the results of which have just been published, called for the industry to take prompt action to provide consumers with clear information on excesses and assumptions.

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.

Judgment has recently been handed down in the matter of Corbin & King v Axa. In this case Mrs Justice Cockerill, sitting in the Commercial Court, held that a non-damage denial of access clause...

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

Two very different recent cases illustrate how the law in this area is applied by the Courts.

The economic downturn has led to an increase in speculation of likely investor and shareholder action.

Banco Nacional de Comercio Exterior SNC v Empresa de Telecommunicationes de Cuba SA (English Court of Appeal, July 2007) provides an important illustration of the limits on the ability of the English court to grant freezing orders in aid of litigation in other countries.

On 16 January 2008 the Criminal Court of Paris handed down its judgment in relation to the sinking of the tanker "ERIKA" in 1999.

In Abu Dhabi Investment Company & ors v. H. Clarkson & Company & ors (26 June 2008) the Court of Appeal has held that a special purpose vehicle created by joint venture partners may bring a claim in misrepresentation even where it was not formed when the representation was made.

The Law Commission recently published a summary of responses to business insurance reform.

HM Treasury has recently published its own response to the consultation process.

The Prudential Regulatory Authority (PRA) has published consultation paper CP23/17 (CP) seeking views on its draft supervisory statement (SS) (which is set out in the Appendix to the CP)...

In reaching its decision, the court considered that the scheme was unlikely to materially affect policyholders and that no objections had been received.

The Financial Services Authority has this month published the Turner review, which reports on and makes recommendations for reforming both UK and international approaches to financial regulation in order to create a more robust banking system.

On 12 November 2009 HFW hosted a seminar on "Shipping Pools: Challenges and Solutions", attended by over 40 industry participants and chaired by HFW Partners Alistair Mackie and Julian Pierce.