HFW Insurance Bulletin – June 2015

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

• England and Wales: Professional indemnity insurer liable for repayment of loans taken out for client disbursements, by Jonathan Goulding, Associate.
• England and Wales: Non-executive director’s failure to disclose conflicts of interest results in ban from holding a regulated financial role, by Jonathan Goulding, Associate.
• Australia: High Court clarifies scope of proportionate liability regime in misleading or deceptive conduct claims, by Susannah Fricke, Associate.

2. HFW events

• Latin America: HFW attend IUA market briefing on the perils of underwriting Latin American risks and handling claims in Latin America, by Jonathan Bruce, Partner andGeoffrey Conlin, Partner.
• London: HFW UAE/MENA Regulatory Environment Update Workshop, by Carol-Ann Burton, Consultant,  Tanya Janfada, Senior Associate and Richard Spiller, Partner.

3. News

• United States of America: Texas flood losses set to exceed US$1 billion, by Lucinda Rutter, Associate.

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.