The HFW Insurance Bulletin 13 May 2016

Welcome to HFW’s Insurance Bulletin, which is a summary of the key insurance and reinsurance regulatory announcements, market developments, court cases and legislative changes of the week.

In this week’s bulletin:

1. Regulation and legislation

• UK: Enterprise Act – new law on late payment of claims to come into force next Spring
• UK: PRA consultation on internal models
• UK: Third Parties (Rights against Insurers) Act 2010 (Commencement) Order 2016

2. Market developments

• UK: Choppy seas or calm waters? UK marine insurance in 2016

3. Court cases and arbitration

• Australia: Insured or not insured? Todd v Alterra at Lloyds Ltd (on behalf of the underwriting members of Syndicate 1400)

4. HFW publications and events 

• HFW Partners attend Property Insurance Claims Group Seminar

Should you require any further information or assistance on any of the issues dealt with here, please do not hesitate to contact any of the contributors to this bulletin, or your usual contact at HFW.