2022 Insuralex report: Overview of reinsurance law in Latin America

Insurance companies, like many others, are exposed to multiple risks and, therefore, they are concerned about having mechanisms to ensure their operations, avoiding that, in the event of a large loss, the exposure of their patrimony becomes greater. That is why reinsurance is such an important contract in insurance markets worldwide. It helps to (i)
Tagged under: , ,
GUATEMALA: Insuralex covers another jurisdiction in Latin America

GUATEMALA: Insuralex covers another jurisdiction in Latin America

GUATEMALA: Insuralex covers another jurisdiction in Latin America   Prestigious Guatemala´s law firm BLP has been chosen by Insuralex Global Insurance Lawyers Group, a worldwide association of independent insurance and reinsurance lawyers, as its exclusive member firm in Guatemala.   For more than ten years, BLP has provided legal counsel to both emerging and established companies on
Tagged under: , , , ,

Reinsurance Round-Up 2021

Reinsurance Round-Up 2021 The all-pervading topic of conversation, worldwide, over the last year has been Covid-19. Much has been written about insurance coverage and there has been litigation in many countries. The FCA Test Case in London has received widespread international media coverage. Following on from that, the extent to which losses can be aggregated
Tagged under: , , ,

Low-Cost insurances as a result of the Covid pandemic

Low-Cost insurances as a result of the Covid pandemic. ABSTRACT Currently, and as a result of the pandemic, a variety of low-cost policies has entered the healthcare insurance market, advertising services such as “comprehensive medical directory from 8 Euros a month.” Monthly private healthcare cheaper than a daily special in a bar? The effects of
Tagged under: , ,

Foreign accident claims – has the Supreme Court opened the door to floods of claims?

Foreign accident claims – has the Supreme Court opened the door to floods of claims? The Supreme Court handed down judgment in FS Cairo (Nile Plaza) LLC v Brownlie [2021] UKSC 45, clarifying the Courts are now more likely to accept claims from English and Welsh litigants over wrongdoings that have taken place abroad provided
Tagged under: , , , ,

Proposing for insurance – a question open to interpretation?

A reminder of when insurers can(not) exercise their entitlement to avoid The High Court has, in its judgment in Ristorante Ltd t/a Bar Massimo v Zurich Insurance plc [2021] EWHC 2538, restated the principles relating to interpretation of questions in proposal forms, waiver and their impact on insurers’ entitlement to avoid. The decision is a
Tagged under: , , ,

Insuralex chooses MehaffyWeber as its exclusive member in Texas

MehaffyWeber, a top ranked law firm and a provider of legal services in the area of insurance law and related litigation, has been selected to serve as the exclusive member firm for Texas by Insuralex Global Insurance Lawyers Group, the world’s leading insurance and reinsurance law firm network. As part of Insuralex, clients and Insuralex´s
Tagged under: , ,

FIDES launches insurance regulatory report in collaboration with Insuralex

FIDES (Federación Interamericana de Empresas de Seguros) has launched a report on insurance regulatory matters in the countries where FIDES has member insurer associations. FIDES represents 18 Latin American Countries as well as Spain and The United States.   Topics include:   • Licensing requirements for setting up insurers   • Regulatory and financial information
Tagged under: , ,

2021 Insuralex report: Insurers ´subrogation in Latin America: An overview

The right of subrogation of insurers is a common institution in most Latin American countries. However, although in all cases law establishes the right, the conditions regulating its exercise differ in each country. For instance, in some jurisdictions the right of subrogation applies to any insurance type, while in others certain types of insurance are
Tagged under: , , ,

A new scope/purpose of duty test in professional negligence cases

A summary of the Supreme Court judgment in Manchester Building Society v Grant Thornton UK LLP   On 18 June 2021, the Supreme Court handed down a landmark judgment in the case of Manchester Building Society (MBS) v Grant Thornton UK LLP [2021] UKSC 20 in which it has provided further guidance in relation to the
Tagged under: , , , ,