As one floor closes another (virtual) one opens; 330-year-old specialist insurance market Lloyd’s of London (“Lloyd’s“) has closed its underwriting floors in response to Government guidance regarding the coronavirus pandemic. Last week, the world’s largest insurance hub replaced its four-story “underwriting room” with its electronic trading system, Placing Platform Ltd (“PPL“), which was successfully stress tested a week earlier.…

Earlier this month, the Government endorsed the Law Commission’s report on Electronic Execution of Documents.…

The UK’s Financial Conduct Authority (“FCA“) warned the insurance market at the end of last week that it must be flexible with customers amidst the COVID-19 pandemic.…

Many investment funds domiciled in the EU are currently marketed in the UK through the EU’s passporting regime. Shortly after the end of the Brexit transition period of 31 December 2020, and the end of the UK’s temporary regime to permit marketing, this will change and funds will have to gain permanent market access in the UK. In response to this challenge, HM Treasury has published a consultation on two new regimes, one for retail…

Chancellor Rishi Sunak last night sought to provide some certainty for those businesses worried about their business interruption (“BI“) insurance.…

Last week we blogged about the need for businesses to check their business interruption (“BI“) insurance policies as the Coronavirus crisis continued to bite.…