London Market Quarterly
London Market, Autumn 2023: What the insurance market needs to know
08 December 2023
Welcome to the Autumn 2023 edition of ‘London Market Quarterly’; a digest of cases, news and information for those working in the Lloyd’s and London Market.
In this edition we look at some recent and ongoing cases involving decisions in the Covid BI litigation, interpretation of a DTEP exclusion in a WELCAR policy, and recent Australian decisions involving trade credit and D&O.
We also compare climate change-related decisions from around the world, track the progress of the Vesttoo fraud, and review the Law Commission’s proposed amendments to the Arbitration Act 1996.
As ever, if you would like to discuss any of the matters below, do not hesitate to get in touch with our London Market team.
Contents
- Covid BI litigation (Autumn 2023): Insurance coverage disputes update
- Energy insurance: Technip Saudi Arabia Limited v The Mediterranean and Gulf Cooperative Insurance an
- Trade credit: Australian Courts consider the meaning of ‘recoveries’
- D&O: Australian Courts consider the meaning of ‘personal advantage'
- Climate change related insurance decisions being made around the world
- Al Mana Lifestyle Trading L.L.C. & Others v United Fidelity Insurance Company PSC & Others [2023] EW
- Proposed amendments to the Arbitration Act 1996
- The downfall of Vesttoo: Fraudulent letters of credit
- Chubb leads a $50m consortium to help mitigate the increasing risks associated with lithium-ion batt
Our people
Colin Peck
Partner
Laura Brown
Principal Associate
Related expertise
You may be interested in...
31 March 2026
Legal Update - London Market Quarterly
Insurance insights: London market quarterly, March 2026
31 March 2026
Legal Update
Bath Racecourse & Others v Liberty Mutual: Supreme Court hearing on furlough
31 March 2026
Legal Update
Mortgagee interest insurance and war risk losses: Oceanus Capital v Lloyd’s Insurance Company
31 March 2026
Legal Update
When slips and certificates collide: Jurisdiction clauses and document hierarchy in the London reinsurance market
31 March 2026
Legal Update
Key lessons on limits of liability from Acasta v Eshiett
26 March 2026
Legal Update - The Word
Insurance Insights: The Word, March 2026
06 March 2026
Legal Update
FCA's regulatory priorities for insurance 2026: What firms must do
26 February 2026
Legal Update - Insurance insights hub
Insurance insights annual review 2026
26 February 2026
Legal Update
London market and speciality
26 February 2026
Legal Update
Casualty
26 February 2026
Legal Update
Underwriting and policy drafting
26 February 2026
Legal Update - The Word
Insurance Insights: The Word, February 2026
26 February 2026
Legal Update
Happy Aras: 'Incompetent master' defeats a US$1.27m general average demand - what it changes for insurers
26 February 2026
Legal Update
AI-powered insurance comparison: Insurify's ChatGPT app signals shift in distribution models
26 February 2026
Legal Update
Questions professional indemnity insurers should be asking about their clients' AI usage
26 February 2026
Legal Update
Chemicals in headphones: An emerging risk signal for insurers
26 February 2026
Legal Update
Soaring gold prices are pushing vault insurance to its limits and forcing insurers to rethink accumulation risk
26 February 2026
Legal Update
Dark kitchens: Understanding the insurance implications of the delivery-only food revolution
12 February 2026
Legal Update
Horizon scanning: FCA's anticipated priorities for 2026
12 February 2026
Legal Update
FCA’s anticipated priorities for the insurance market
19 January 2026
Legal Update
Insurance industry 2026: Cutting through the noise to find what really matters
18 December 2025
Legal Update
Autonomous vehicles framework: Government consultation signals new era for motor insurance
18 December 2025
Legal Update
Conditions precedent to liability: Why clear policy wording matters
18 December 2025
Legal Update
The rising tide of civil unrest: Critical implications for insurers
18 December 2025
Legal Update - The Word
Insurance Insights: The Word, December 2025
15 December 2025
Legal Update
Covid-19 business interruption claims: Supreme Court appeal on furlough deductions
15 December 2025
Legal Update
Russian aviation dispute: Commercial Court denies war risks insurers' appeal
15 December 2025
Legal Update
Duty of fair presentation: No second chance for policyholders
15 December 2025
Legal Update
Onerous clauses and 'pay first' in marine policies
15 December 2025
Legal Update
Settlement considerations for insurers and reinsurers
15 December 2025
Legal Update - London Market Quarterly
Insurance insights: London market quarterly, December 2025
27 November 2025
Legal Update - The Word
Insurance Insights: The Word, November 2025
31 October 2025
Legal Update - Professional and management matters
Professional and management matters: October 2025
30 October 2025
Legal Update - The Word
Insurance Insights: The Word, October 2025
30 September 2025
Legal Update
E-bikes and e-scooters in the UK: New research challenges safety assumptions
30 September 2025
Legal Update
Marine insurers face coverage uncertainty as GPS spoofing incidents rise
30 September 2025
Legal Update - Consumer Duty
The insurance industry’s battle with jargon: The fight continues
30 September 2025
Legal Update - Economic Crime and Corporate Transparency Act
What does the new offence under the ECCTA 2023 mean for corporate accountability and insurers?
30 September 2025
Legal Update
London shopfront vandalism: Rising criminal damage and insurance implications for retailers
30 September 2025
Legal Update