London Market Quarterly
London Market, Autumn 2023: What the insurance market needs to know
08 December 2023
Welcome to the Autumn 2023 edition of ‘London Market Quarterly’; a digest of cases, news and information for those working in the Lloyd’s and London Market.
In this edition we look at some recent and ongoing cases involving decisions in the Covid BI litigation, interpretation of a DTEP exclusion in a WELCAR policy, and recent Australian decisions involving trade credit and D&O.
We also compare climate change-related decisions from around the world, track the progress of the Vesttoo fraud, and review the Law Commission’s proposed amendments to the Arbitration Act 1996.
As ever, if you would like to discuss any of the matters below, do not hesitate to get in touch with our London Market team.
Contents
- Covid BI litigation (Autumn 2023): Insurance coverage disputes update
- Energy insurance: Technip Saudi Arabia Limited v The Mediterranean and Gulf Cooperative Insurance an
- Trade credit: Australian Courts consider the meaning of ‘recoveries’
- D&O: Australian Courts consider the meaning of ‘personal advantage'
- Climate change related insurance decisions being made around the world
- Al Mana Lifestyle Trading L.L.C. & Others v United Fidelity Insurance Company PSC & Others [2023] EW
- Proposed amendments to the Arbitration Act 1996
- The downfall of Vesttoo: Fraudulent letters of credit
- Chubb leads a $50m consortium to help mitigate the increasing risks associated with lithium-ion batt
Our people
Francis Mackie
Partner
Colin Peck
Partner
Sam Zaozirny
Senior Associate
Laura Brown
Senior Associate
Related expertise
You may be interested in...
28 October 2024
Legal Update
Updates to the UK’s Arbitration Bill
28 October 2024
Legal Update
Ozempic: The rising costs and coverage issues of weight loss medication
28 October 2024
Legal Update - Employment Rights Bill
What does the Employment Rights Bill mean for employment practices liability insurance?
28 October 2024
Legal Update
ICAEW: Changes to PII requirements
28 October 2024
Legal Update
Contractor insolvency: Peabody Trust v NHBC
17 October 2024
Legal Update
By a narrow 2 to 1 majority, the Court of Appeal finds in favour of insurers in the construction of an exclusion clause in a W&I policy
23 September 2024
Legal Update
LMA binders’ consultation
23 September 2024
Legal Update
Smooth sailing ahead: The LMA's new Open Form Default Clause
23 September 2024
Legal Update
PFAS: The issue that won’t go away
23 September 2024
Legal Update
Oklahoma earthquake: Racial discrimination in adjudication
23 September 2024
Legal Update
Will the Online Safety Act help reduce Google ad spoofing in insurance?
23 September 2024
Legal Update
Latest short-term insurance trends
29 August 2024
Legal Update - The Word
The Word, August 2024
09 August 2024
Published Article - Consumer Duty
General insurance claims: The consumer duty’s easy target? (part 2: ‘a history of warnings’)
29 July 2024
Legal Update
Words matter: Another case on the importance of accurate drafting
29 July 2024
Legal Update
How might AI impact insurer climate targets?
29 July 2024
Legal Update
London Fire Brigade to stop attending for automatic fire alarms: Implications for insurers
29 July 2024
Legal Update
Navigating Oil Price Cap legislation: LMA issues revised Cargo and Hull wordings
29 July 2024
Legal Update
It’s not cricket: Insurers change their mind about jurisdiction
23 July 2024
Press Release
Browne Jacobson survey finds 38% of insurers considering pulling out of the solicitors PII market
27 June 2024
Legal Update
Court of Appeal upholds decision on professional indemnity policy exclusions in insurer's appeal
27 June 2024
Legal Update
Multi-occupancy building insurance: Latest tribunal decision
27 June 2024
Legal Update - The Word
The Word, June 2024
28 May 2024
Legal Update - Consumer Duty
Updated UK Consumer Wordings Guidance: Browne Jacobson collaborates with the LMA
28 May 2024
Legal Update - Consumer Duty
From products to protection: The rise of embedded insurance
28 May 2024
Legal Update - The Word
The Word, May 2024
24 May 2024
Published Article - Consumer Duty
General insurance claims: The Consumer Duty’s easy target?
22 May 2024
Legal Update - London Market Quarterly
London Market Quarterly, Spring 2024: An eye on what the market needs to know
30 April 2024
Published Article
English Commercial Court rules against Russian exclusive jurisdiction clauses
24 April 2024
Legal Update
The Baltimore bridge collapse: One of the biggest losses in maritime insurance history?
24 April 2024
Legal Update
The EU AI Act: What does it mean for insurers?
24 April 2024
Legal Update
FCA and FOS set out strategic plans for 2024 and beyond
24 April 2024
Legal Update
The space data revolution
24 April 2024
Legal Update
New guidance on supporting autistic customers for the insurance industry
24 April 2024
Legal Update
Chubb ordered to indemnify SXSW for Covid cancellation
28 March 2024
Legal Update - The Word
The Word, March 2024
05 March 2024
Legal Update
Commercial Court considers requests for stay or anti-suit injunction where two competing reinsurance wordings
01 March 2024
Legal Update
Insurers prevail once more in construction of an exclusion clause in W&I policy
27 February 2024
Legal Update
Parametric flood policies - Insurers no longer in uncharted waters?
27 February 2024