Month: November 2020

Lloyd’s Part VII Transfer Approved by English High Court

With Lloyd’s syndicates due to lose their EEA passporting rights on 31 December 2020, on 25 November the English High Court sanctioned a Part VII transfer of all policies (or parts of policies) insuring EEA risks from the syndicates to Lloyd’s Insurance Company, Brussels (‘LIC’). From the end of the […]

Product Recall Insurance: Checking is the Best Policy

Over the last few years, a number of factors, including the introduction of a new UK regulator, the Office for Product Safety and Standards, and an increased international focus on enforcing product safety regulatory regimes, have led to an increase in the frequency of product recalls. This, and the fact […]

FCA Test Case: The Perils of Business Interruption Insurance and COVID-19

Richard Hopley and Sam Tacey have recently published an article in Zeitschrift für Versicherungswesen concerning the recent FCA test case. It can be read here. Since the article was published, the Supreme Court has confirmed it will hear a leapfrog appeal of the decision in a four day hearing commencing […]

UK Supreme Court to Hear FCA Business Interruption Test Case Appeal

On 2 November, the UK Supreme Court agreed to hear the appeals against the judgment of Lord Justice Flaux and Mr. Justice Butcher (sitting as a Divisional Court), handed down on 15 September in the Financial Conduct Authority’s COVID-19 business interruption insurance test case. The appeal will commence on 16 […]