Market News

Eversheds Sutherland makes significant Financial Services Disputes hire

Insurance professional Mark Everiss joins the firm as partner

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IRLA Media release

Appointments to Association governance

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PwC Non-life insurance run-off deals H1 2022 review

Highlights include:

  • 18 deals announced in the first half of the year, slightly outperforming the 16 deals announced in the same period in 2021.
  • $5.4bn disclosed gross liabilities transacted, a $1.6bn increase compared to H1 2021.
  • 10 different acquirers have transacted during H1 2022.
  • 5 disclosed types of liabilities transacting with Property and Casualty, General Liability and Workers Compensation the most prominent.
  • A variety of transaction structures have been executed including ADCs, LPTs, RITCs, novations and share sales.
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LMAG presentation

IRLA’s board director Paul Corver said

“I was pleased to be asked to participate on a panel discussing all aspects of legacy and presenting to the London Market Actuaries Group.  Even more pleased to have done this in person in the Old Library at Lloyd’s”

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Clyde & Co

NICE approves use of nivolumab and ipilimumab as first-line treatment for mesothelioma

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Weightmans

Stronger Together – Weightmans and RadcliffesLeBrasseur merge

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Asbestos and other legacy liabilities: An alternative approach to bankruptcy – LIVE webinar

If your company or clients have legacy liabilities that they seek to divest or you wish to learn more about divesting legacy liabilities, we invite you to attend a live webinar.

Learn how your liabilities may not be so inseparable with proper structuring. Hear why now is the best time to act. Discover multiple strategies to address your risk exposures.

Join us in one week with senior leaders from Blank Rome, FARA Recovery, and Milliman on:

Wednesday, June 15th at 12pm Eastern Time

 

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Congress 2022 Wrap Up

Congress Day 1

Monday started with breakout sessions, opening with a passionate argument for legacy claims teams, followed by an informal and informative session on asbestos. The main hall was busy when we covered both operational resilience and investor perspectives. We also welcomed a dozen delegates who arrived by bicycle from London, including former IRLA Director Simon Barnes, raising funds for IRLA’s 2022 chosen charity, the National Autistic Society (“NAS”). Total raised so far will follow.  On Monday evening delegates enjoyed informal drinks, a karaoke room, and a trip up the i360 and the witnessing of a successful marriage proposal (not Congress delegates) whilst taking in the amazing view!

Congress Day 2

Tuesday commenced with an uplifting talk from our guest speaker, Mandy Hickson, who was the UK’s first female jet fighter pilot. For many this was the Congress peak and we are thinking of charging for starting a fan club. Delegates then heard the experienced views of a strong panel of CEOs before celebrating Nicola Gaisford of RQIH being presented with IRLA’s Young Professional of the Year Award. Following an eye-opening presentation on AI, and a lively regulatory discussion, the highlight of the afternoon was a very insightful, illuminating and powerful session with the NAS. The evening hosted a very successful Gala Dinner with 300 diners all being served a delicious three courses. Being by the sea, fresh fish was on the menu.

Congress Day 3

Wednesday morning we heard Stephen Roberts’s final address as Chairman of IRLA and this segued into a session from the IRLA Young Professionals Group, with informative sessions on both emerging claims trends and views on future legacy. It also featured guest speaker Dr Katherine Daniels educating us on the safe disposal of waste products from a geological perspective. Currently the UK has no dangerous nuclear waste stored, but this is an area that can come back and haunt insurers. Thank you to all who contributed to make this such a lively and collaborative event.

We will reconvene again on 8-10 May 2023 and pre-booking is open, please email registrations@irla-international.com

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IRLA

Congratulations to the nominees for this year’s Young Professional of the Year Award

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IRLA

We would like to welcome our new YPG committee members!

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IRLA

The deadline is fast approaching for this year’s Young Professional of the Year Award…

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IRLA

Online courses – available on-demand

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Clyde & Co and BLM agree merger

Global law firm Clyde & Co and UK-headquartered law firm BLM have agreed to a merger following a vote in favour by partners at both firms.

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7KBW

Latest 7KBW judgment – Gavin Kealy QC and Henry Moore succeed in striking out £50 million claim with limitation point

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Hogan Lovells

Engage – Legal insight and analysis: UK adopts extensive Russian sanctions and export control and trade activity restrictions

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IRLA

IRLA invites all returning members to the annual Summer BBQ: 7 September 2022

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Hogan Lovells

Engage – Legal insight and analysis: New EU Russia sanctions package

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Hogan Lovells

Engage: Legal insight and analysis. Norwegian court revokes wind power licences to protect the cultural practice of minorities

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Hogan Lovells

Engage: Legal insight and analysis. SEC proposes reforms to enhance private fund transparency

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Kennedys

2022 insurance industry forecast: trends and future risks. February 2022

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Hogan Lovells

Engage – Legal insight and analysis: German FDI regulator spoils GlobalWafers’ $4.35 billion Siltronic deal

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Bank of England

Prudential Regulation Authority publishes CP2/22

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IRLA

IRLA is pleased to announce it’s chosen charity for 2022 – the National Autistic Society. We will be raising funds throughout the year for this worthy cause.

If you have any fundraising ideas, please let us know: secretariat@irla-international.com

 

 

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Cooley

Ninth Circuit’s Fraudulent Payments Coverage Ruling Has Implications for Cyber Insurance Purchasers

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IRLA

A request from the Insurance Museum

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IRLA

IRLA’s YPG joins forces with AIRROC’s NextGen

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Bank of England

Statistical release: Credit Union quarterly statistics 2021 Q3

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Hogan Lovells

The Rise of ARR Financings

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IRLA

New IRLA Link and Learn workshop: Re/insurance, Mergers and Acquisitions – 3 March, 2022 (15:30-17:00)

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28/09/2022

Our runners continue to stretch, warm up, run and limp their way towards the London Marathon on October 2nd. One of our runners, Chris Woolener, is a bit of star when it comes to physical exertion having completed in......More