In Corbin & King v AXA Insurance Plc [2022] EWHC 409 (Comm), the High Court considered the scope of insurance cover provided by a ‘prevention of access’ extension for Covid-19 business interruption losses. While the Divisional Court in the FCA Test Case concerning Covid-19 business interruption insurance had generally found that Prevention of Access clauses…

Judgment was handed down by Zacaroli J today in McClean & Others v Thornhill [2022] EWHC 457 (Ch).
The decision will be of interest to professional liability insurers, legal practitioners, and litigation funders, particularly those involved in tax-related professional negligence claims.
The investors in a series of film finance tax schemes sued the tax QC…

The latest edition of our Regulation in Focus podcast series features two former regulators in conversation about operational resilience – Andrew Procter from Herbert Smith Freehills and Michael Sicsic from Sicsic Advisory. The discussion focuses on implementation of operational resilience requirements for the upcoming UK regulatory deadline of 31 March 2022.
Michael is the Managing…

Although the Brexit transition period ended on 31 December 2020, insurers were insulated from the full impact of the UK’s withdrawal from the EU during 2021. This is set to change in 2022. PRA and FCA concessions to firms affected by Brexit fall away from 31 March 2022 and most firms that are currently in…

We are pleased to share with you our Insurance and Reinsurance Disputes Annual Review of 2021 which provides an overview and analysis of the key cases and developments affecting those engaged in or with contentious matters in the insurance and reinsurance market.
For those of you familiar with our Annual Reviews, you will notice that…

In Spire Healthcare Limited v Royal & Sun Alliance Insurance Limited [2022] EWCA Civ 17, the Court of Appeal overturned the High Court’s decision and held that two groups of claims based on the negligent practice of the same surgeon should be aggregated. Irrespective of which group the claims fell into, the unifying factor between…

After a year of upheaval for the UK insurance sector in 2021, there seems little prospect of 2022 being any quieter.
From a regulatory perspective, 2021 began with the end of the Brexit transition period.  And while firms operating in UK insurance markets have been insulated from the full impact of Brexit during 2021, this…