Insurance bulletin, September 2024
Welcome to our September Insurance bulletin covering the latest regulatory and disputes topics.
Bulletin
30 September 2024
In this Insurance Bulletin:
Regulatory
- FCA publishes product oversight and governance thematic review for general insurance and pure protection products
- FCA publishes review of the oversight of appointed representatives
- What? How? Can a Principal limit third party liability for its Appointed Representatives?
- Insurance Brokers’ Regulation 2024 in the UAE
Disputes
- Court of Appeal decision on “at the premises” wording
- To trust or not to trust, what happens to insurance proceeds held by an insolvent insured?
FCA publishes product oversight and governance thematic review for general insurance and pure protection products
The FCA has recently published its thematic review looking at whether firms in the general insurance and pure protection sectors are meeting their …
FCA publishes review of the oversight of appointed representatives
Following the FCA’s introduction of enhanced rules on the oversight of appointed representatives (ARs) on 8 December 2022, the FCA has recently …
What? How? Can a Principal limit third party liability for its Appointed Representatives?
Section 39 of the Financial Services and Markets Act 2000 sets out the appointed representatives regime. A principal of an appointed representative ..
Insurance brokers’ regulation 2024
On 25 July 2024, the Central Bank of the UAE (CBUAE) issued the new Insurance Brokers' Regulation (the Regulation). The Regulation comes into …
Court of Appeal decision on “at the premises” wording
The Court of Appeal has handed down its judgment on whether non-damage business interruption cover responds to the COVID-19 pandemic …
To trust or not to trust, what happens to insurance proceeds held by an insolvent insured?
The claim in Wood v Desai1 concerned an attempt by third party claimants to obtain the monies paid under a professional indemnity insurance policy …
Editors
