FCA call to action: rule breaches in general insurers’ delegated authority & outsourcing arrangements
An FCA Thematic Review suggests that many more rule breaches are occurring in the general insurance market than we might have expected; and that insurers, intermediaries and outsourced-service providers should act quickly to identify and resolve them, if they want to avoid regulatory action. The FCA’s “Thematic Review TR15/7 – Delegated authority: Outsourcing in the general insurance market” takes a […]
The case Maccaferri Limited v Zurich Insurance Plc  EWHC 1708 (Comm) concerned a claim brought against the insurers (Zurich) for refusing to indemnify the insured Maccaferri (Maccaferri). The relevant policy included an obligation to “give notice in writing to the insurer as soon as possible after the occurrence of […]
In Union Marine Classification Services LLC v The Government of the Union of Comoros  EWHC 508 (Comm) the Commercial Court gave judgment on whether a section 67 Arbitration Act 1996 (AA 1996) application was the appropriate vehicle to challenge an arbitration award.