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Building on the firm’s deep expertise in insurance, our corporate insurance team delivers technically sound, pragmatic advice on corporate and commercial matters to a wide range of clients operating in the insurance sector.
We help our clients implement their strategies and grow their businesses. In order to do so, we bring together specialists from across the firm, including specialists in corporate, commercial, tax and regulatory areas, who work together to ensure that our advice provides a seamless solution to our clients’ requirements.
Operating from our five offices across the UK, our seven partner team advises our insurance sector clients including Lloyds and non-Lloyds insurers, re-insurers, insurance brokers and MGAs.
The Financial Services Duty of Care Bill (the “Bill”) was introduced into the House of Lords in October 2019 and had its second reading on 9 January 2020.
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On 19 November 2019, the Financial Conduct Authority (“FCA”) published “Finalised guidance” (FG19/5) for “insurance product manufacturers and distributors”.
The latest update covering delegated authority, insurance product development, the senior insurance managers regime, data protection, operational control frameworks, Lloyds market, and horizon scanning.
Companies should undertake a comprehensive review and audit to identify those products and legacy contracts that are LIBOR-linked and carry out an in-depth risk assessment of discontinuation. Where possible, companies should look at appointing an individual to oversee the programme.
Consistently provides sound advice.
They go the extra mile when it comes to seeing the client's perspective.
They have a high level of client care in their culture and they are very user friendly.
Browne Jacobson LLP ‘delivers exceptional client service’, and its ‘experience of working with global brands shines through’.
We acted for the founders of Insure The Box on the sale of a 75% interest to Aioi Nissay Dowa, a leading Japanese insurance group for £104.5m.
We advised a leading insurance broker association on the availability of the insurance intermediary exemption from VAT.
We regularly act for a leading insurer in relation to delegated authority agreements and binding authority agreements with third parties, in both specialist and non-specialist areas.
We regularly advise on the terms of agreements with aggregator websites, including the data protection aspects of such agreements, and have recently advised on agreements with confused.com, comparethemarket.com, moneysupermarket.com and uSwitch.com.
We advised a leading telematics MGA on the provision of a “white label” telematics insurance solution for a household-name professional services organisation.
On 16 July 2019 the Serious Fraud Office released details of the Deferred Prosecution Agreement reached with Sarclad Ltd in July 2016.
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The Court of Appeal decision in Clay v TUI UK Ltd [link] considers where an intervening act is sufficient to break the chain of causation.
As news has emerged of the first reported case in the US involving a self-driving car killing a pedestrian, it is interesting to consider the future claims climate in its wake.
EU ambassadors confirmed yesterday that new dates for the transposition and application deadlines for the Insurance Distribution Directive had been agreed following the European Commission’s proposal to delay them in 2017.
Partner and Head of Corporate