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BIBA conference May 2017 – Mactavish to address delegates on how the market has responded to the Insurance Act.

The Insurance Act. How has the market responded? What do brokers need to be aware of?               A panel will be studying how The Insurance Act has shifted the framework of the law on commercial insurance contracts and sharpened the focus of the broker’s advisory roles, amongst other things. Attendees will leave with a greater understanding of how the market has responded to The Insurance Act and what brokers need to be aware of when advising their clients. By the end of this session delegates will be able to: Benefit from a greater understanding of The Insurance Act and how market practice has adapted to its...

Mactavish address ABI property conference on Insurance Act 2015

In a year which began with over 16,000 properties being flooded, the launch of Flood Re, a world first government supported, industry-led scheme to deliver affordable home insurance for households at flood risk, and the 350 year anniversary of the Great Fire of London, the development and importance of household and commercial property insurance has been vital…..

Mactavish chaired Airmic Captive Special Interest Group Seminar on Insurance Act & what Captives need to plan for

The Captive special interest group seminar was hosted at Devereux Chambers and Richard Harrison supported the Seminar. Richard is a Barrister who is ranked as a leading junior for Insurance and Reinsurance in both Chambers UK Barrister and who works closely with Mactavish.

A wide range of FTSE 250 clients with complex risks and significant captive arrangements attended the seminar….

Belrim delegates addressed by Bruce Hepburn CEO, urging businesses to understand their risk.

UK’s Insurance Act 2015

By Bruce Hepburn, CEO Mactavish

The UK’s Insurance Act 2015 will affect buyers across Europe because of the huge amount of international insurance and reinsurance business placed in the London insurance market.

The Act, which comes into force in August next year, is the most important new law affecting commercial insurance in the UK for more than a century. It provides buyers with valuable extra protection, meaning that insurers will no longer be able to use various technicalities or trivial breaches of contract to deny or decline claims on policies. At the same time, it places an enhanced burden on buyers to present underwriters with accurate information that provides a fair and detailed picture of their organisation’s risk profile.

The new Act will bring significant additional direct and indirect benefits to businesses buying insurance in the UK. However, in order to get these benefits, European risk managers will face a challenging task and need to understand the substance of the reform and adapt their practices in response.

Brussels – Belrim/Mactavish seminar on UK Insurance Act 2015 & Enterprise Act 2016

The UK insurance industry, and especially the London market, has a global reach and reputation.
Changes to insurance law in the UK will therefore be felt worldwide. The significant amounts of European insurance and reinsurance arranged in London mean that European businesses need to be aware of the Insurance Act 2015.
Two experts from Mactavish…..

Paris – Amrae/Mactavish seminar on UK Insurance Act 2015 & Enterprise Act 2016

The UK insurance industry, and especially the London market, has a global reach and reputation.
Changes to insurance law in the UK will therefore be felt worldwide. The significant amounts of European insurance and reinsurance arranged in London mean that European businesses need to be aware of the Insurance Act 2015.

Two experts from Mactavish shed their light on this complex matter…..

UK – Mactavish/Airmic co-author Insurance Buying Guide

This guide is about purchasing insurance for your business as an integral part of your risk management strategy. Almost all businesses buy insurance although the scope of the insurance purchased will vary dramatically depending on the nature of the business and its attitude towards or appetite for risk….

Guernsey – Mactavish address Captive seminar on UK Insurance Act 2015

This seminar was a chance to hear from and ask questions to the experts on the Act.

The aim of this seminar was to provide:

An overview of the key compliance and governance challenges which the Act will bring.
Explain what the risks, responsibilities and opportunities are for Captives given the unique challenge posed by the variety of roles they play including direct writer, reinsurer and buyer of
Practical recommendations on how to adapt and ensure compliance with the
The opportunity to hear from the architect of the Act and pose questions to…..

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