The Stewarts-repped London International Exhibition (ExCel) Centre has successfully seen off an appeal by insurers over its Covid-19 business interruption claim. The case, which was one of The Lawyer’s Top 20 Cases of 2023 and Top 10 Appeals of 2024, concerned whether pandemic lockdowns entitled the Centre to claim £16m under the disease occurring “at […]
Insurance giant Clyde & Co is cutting its Northern Irish presence in half, The Lawyer can reveal, closing one of its two offices in the region later this year. Clydes is preparing to wind down its Derry/Londonderry office when the lease ends later in 2024. The firm inherited the Derry/Londonderry base through its merger with […]
DAC Beachcroft (DACB) recorded its 10th year of consecutive growth for 2023/24, while leadership remains open to third-party investment after talks to sell off its Claims Solutions Group broke down last summer. Over 2023/24, DACB’s revenue broke through the £300m mark with a 9 per cent revenue uplift to £326.5m. Profits saw growth too, increasing […]
Revenue at Kennedys increased 17 per cent during the 2023/24 financial year, with non-UK revenue contributing 50 per cent towards the firm’s top-line for the first time. Kennedys generated £384m in revenue, up from the £328m it generated in 2022/23. This marks the second consecutive year of double-digit growth for Kennedys, with the firm achieving […]
As the mammoth Russian aircraft claim make its way to trial in October, a similar case involving jets stranded in Ukraine has been struck out. The smaller Ukrainian aircraft claim has been stayed by the Commercial Court in a judgment handed down today. Aircraft lessor claimants represented by Herbert Smith Freehills, Hausfeld and McGuireWoods have […]
Since Katja Roth Pellanda joined Zurich Insurance in 2020, a lot has changed. The GC has broken down the silos in the 700-person legal function, reducing the distance between the regions and the corporate centre. Zurich Insurance is a Swiss-based insurance company that has a presence in approximately 80 countries. With such a large business, […]
Two Swiss powerhouses have collaborated to offer their in-house legal teams a two-way secondment programme. Private bank UBS and insurer Zurich Insurance have agreed to swap two secondees each for a three-month placement. Intakes happen in the spring and autumn of each year, meaning that four secondment swaps occur per year. The programme is spearheaded […]
Will Bloomer, Howden’s chief corporate and legal affairs officer, has passed away, with the insurer today paying tribute to its late legal head. Howden said in an announcement that Bloomer died suddenly and unexpectedly last week, and his survived by his wife Nikki and children. In a statement, Howden CEO David Howden said: “Bloomer’s impact […]
The general counsel at Crown Agents Bank has moved to Ki Insurance after just five months. Joanna Nayler made the move from the cross-border payments and FX services provider to become GC and compliance director at the insurance firm as of March 2024. Ki Insurance is a digital insurance company, driven by algorithmically powered underwriting. […]
The consortium behind Nord Stream, which runs a network of pipelines under the Baltic Sea between Russia and Germany, has moved to sue its insurers Lloyds and Arch Insurance. According to the public filing system, multinational consortium Nord Stream AG has filed a part 7 claim against the insurance duo. Nord Stream is 51 per […]
Insurance giant Clyde & Co has launched a UK restructure with up to 14 partner roles understood to be under threat. It is understood that the partners affected were informed of the restructure at the start of January. Sources close to the firm said roles in Clydes’ defendant casualty practice, which covers employer, public, road […]
RPC’s insurance head is looking to expand the firm’s capabilities in two key areas ahead of a revamped strategy to kick off the 2024/25 financial year. Simon Laird’s three-year strategy for the insurance group will run until the end of the 2027/28 financial year and seeks to grow in two key areas that the firm […]