Insurance and Reinsurance

Insurance and Reinsurance

Members of One Essex Court undertake a significant amount of insurance and reinsurance work, with particular expertise in all types of commercial insurance, being regularly engaged to represent a wide range of clients in litigious insurance and reinsurance matters, both in the UK courts and in arbitrations (including in Bermuda Form disputes).

Barristers and arbitrators at One Essex Court have experience ranging from coverage disputes to negligence claims, including those concerning insurance professionals.  As well as extensive historic involvements in the Lloyds Names Litigation, work has included financial ‘spread loss’ reinsurance, the operation of commutation and release agreements, aggregation disputes on solicitors’ professional indemnity policies and acting for London market insurers and reinsurers in arbitration proceedings arising out of claims against financial institutions following the collapse of Enron.

Additionally, barristers at One Essex Court have been involved in proceedings brought under quota share treaties arising out of disputes concerning the nature of direct and facultative account and negligent underwriting, continuing duty of disclosure and affirmation.  Members have also acted in claims arising in connection with liability insurance excess of loss cover and in claims concerning negligent underwriting of LMX reinsurance business.

In addition, specialist counsel here provide advice in relation to the regulation of insurance companies both under the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA).