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OFT competition investigation results in formal commitments from motor insurers to limit data exchange

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • January 20 2011

The UK Office of Fair Trading (OFT) announced on 13 January 2011 that seven insurance companies (Ageas Insurance Limited (formally Fortis Insurance Limited), Aviva plc, AXA Insurance UK plc, Liverpool Victoria Friendly Society, RBS Insurance Group Limited, Royal Sun Alliance and Zurich Insurance plc), and two IT software and service providers (Experian Limited and SSP Limited) have offered formal commitments to limit the type of information shared through a specialist market analysis tool

High Court considers whether advance payment guarantees issued by insurance company were performance bonds or contracts of suretyship

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • January 19 2011

In Meritz Fire & Insurance Co Ltd v (1) Jan De Nul NV (2) Codralux SA 2010 EWHC 3362 (Comm), the High Court ruled that advance payment guarantees (APGs) issued by the claimant insurance company to the defendants, guaranteeing the repayment of payments made by the defendants under three shipbuilding contracts (the Contracts), were performance bonds or demand guarantees on which the claimant was liable without regard to the Contracts

Equitable Life (Payment) Act 2010 receives Royal Assent

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • January 7 2011

We have previously reported here on the Equitable Life (Payment) Bill's progress through the UK Parliament

Law Commission publishes summary of responses to Issues Paper 7

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • January 5 2011

The Law Commission has published the responses it has received to Issues Paper 7: The Insured's Post-Contractual Duty of Good Faith