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As previously reported here, the Third Parties (Rights Against Insurers) Bill was introduced into Parliament in November 2009. It is designed, in particular, to remedy the shortcomings of current legislation in protecting the rights of third party claimants against insurers of the liabilities of insolvent defendants. 

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Read More UK: Third Party (Rights Against Insurers) Bill

At The Insider Scope 2010 seminar in London on 10 February 2010, Joe Plumeri, Chairman and Chief Executive of Willis – and “Number 1 Fan” of the insurance industry – put forward his outlook for the (re)insurance industry. During his speech, Mr Plumeri set out his “Top Ten Risks in 2010”. 

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Read More Chairman and Chief Executive of Willis Sets Out (Re)Insurance Industry’s “Top 10 Risks in 2010”

The Department for Work and Pensions has published a consultation entitled, “Accessing Compensation: Supporting people who need to trace Employers’ Liability Insurance.” The consultation makes two key proposals. First, that an Employers’ Liability Tracing Office (ELTO) be created; and, second, that an Employers’ Liability Insurance Bureau (ELIB) be created. 

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Read More UK: Employers’ Liability Insurance Public Consultation Published

As previously reported here, the Third Parties (Rights Against Insurers) Bill was introduced into Parliament in November 2009. It is continuing to progress through the House of Lords, having completed the Special Public Bill Committee stage on 9 February 2010. 

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Read More UK: Third Party (Rights Against Insurers) Bill Passes Through Special Public Bill Committee Stage

On 8 February 2010, Lloyd’s released its 2010 to 2012 strategy plan, including specific corporate actions for 2010. The strategy plan follows a detailed review of the market’s position involving more than 50 managing agents, brokers and market associations. 

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Read More UK: Lloyd’s Publishes its 2010 to 2012 Strategy and Reshuffles Management