Home HRCommunication HFW Insurance Bulletin – January 2021

HFW Insurance Bulletin – January 2021

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HFW Insurance Bulletin – January 2021

Costas Frangeskides Partner Holman Fenwick Willan LLP
  In this issue:
Climate risk will be a focus for the PRA and Lloyd’s in 2021 In June 2021 the Prudential Regulation Authority (PRA) will launch a stress test to assess UK insurers’ resilience to climate risk. » Read more

Court of Appeal considers Part VII transfer principles This case concerned the approach that the court should adopt in dealing with applications to sanction transfers of insurance business under Part VII (Part VII) of the Financial Services and Markets Act 2000 (FSMA). It was the first time that this issue had been raised before the Court of Appeal. » Read more

Wider consequences of the Supreme Court judgment in the FCA test case On 15 January, the English Supreme Court handed down its final judgment in the COVID-19 Business Interruption test case commenced by the FCA. » Read more

Recent Court of Appeal judgment likely to increase the use of DBAs in English litigation The recent decision of the English Court of Appeal in Zuberi v Lexlaw [2021] will make the use of Damages Based Agreements (DBAs) more attractive and is therefore likely to widen the scope of funding and financing available to parties in English litigation. » Read more
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 Alison Tasker
Co-editor Email Alison.Tasker@hfw.com

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