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Category Archives: Case reports

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Posted in Case reports, UK

UK: Robust approach to reinsurer’s follow obligation

Tokio Marine Europe Insurance Limited v Novae Corporate Underwriting Limited In a refreshingly short judgment, Field J adopted a robust, common sense approach in granting summary judgment to a cedant and refusing to allow a reinsurer to try to develop arguments that the underlying commercial settlement was reached without all proper and business like steps

Posted in Case reports, Spain

Recent developments in Spanish Case Law as regards compensation in cases of Lawyer´s liability

In the Spanish jurisdiction how to calculate lawyer´s civil liability has always been a controversial issue. The key question is, if the professional makes a mistake, is the client´s right of defense damaged or is there only an infringement of a contractual relationship with the obligation to pay a compensation for damages?

Posted in Case reports, Italy

Italy: Unit and Index linked policies: the wavering position of Italian courts

Unit and Index linked policies are at the centre of a debate as to whether they should be classified as insurance contracts or financial products, respectively governed by different sets of rules. Linked policies concluded after 25 January 2007 – i.e. the entry into force of Legislative Decree no. 303 of 29 December 2006 –are

Posted in Case reports, UK

UK: The perils of follow clauses: a following underwriter may have to follow a settlement even if the settlement agreement purports not to bind them

San Evans Maritime Inc & Ors v Aigaion Insurance Co SA In this case the Commercial Court held that the Aigaion, one of the insurers of a ship – the St. Efrem, was required to follow a settlement entered into by a group of Lloyd’s syndicates who were the lead insurers of the vessel under

Posted in Case reports, Regulatory and legislative updates, Spain

Spain: Does an excessive use of the health insurance double the insurance premium?

Several studies maintain that an increase in the use of the health cover is lately provoking sensible rises of the insurance premiums. The first consequence of this fact is a general discontent of the policy holders and the subsequent launching of the debate on whether these premium rises are lawful or not. The aforementioned premium

Posted in Case reports, France

France: Jurisdiction clause

Pursuant to Article 23 of EC Regulation no. 44/2001 on jurisdiction, a jurisdiction clause inserted in the contract signed between the manufacturer of a good and the first buyer does not bind the second buyer, except if the latter expressly gave his/her consent to the said jurisdiction clause. In the present case, the French Supreme

Posted in Case reports, France

France: Direct action against the insurer

A direct action by a claimant against an insurer is admissible only if the insured at stake can still be held liable for the damage for which compensation is sought. In the present case, a court of first instance had exempted the insured from liability and the claimant had not lodged an appeal against this

Posted in Case reports, France

France: Exclusion of coverage

Departing from previous case law, the French Supreme Court has ruled that a clause according to which an insurer denies coverage for claims resulting from the lack of necessary repairs or maintenance, whether before or after the occurrence of the damage, except in cases of Force Majeure, is valid under Article L. 113-1 of the

Posted in Case reports, USA

US: The New “Best Interests” Standards developed by US Courts for Insurance Rehabilitation Plans in 2013

The October 24, 2013 decision of the Wisconsin Court of Appeals to affirm approval of a rehabilitation plan for the Segregated Account of Ambac Assurance Corp. (the “Ambac Segregated Account”) concluded a year of dramatic shift in the standards for approval of rehabilitation plans, at least in regards to financial guaranty insurers. See Nickel v.

Posted in Case reports, UK

UK: Actual rather than alleged liability necessary for product liability insurance indemnity

In December last year, the English Court of Appeal handed down judgment in the case of  Astrazeneca Insurance Company Limited v (1) XL Insurance (Bermuda) Ltd and (2) ACE Bermuda Insurance Ltd. The appellant insurer appealed against a determination of two preliminary issues in its claim for an indemnity from the respondent reinsurers under a