Insurance

December 05 2017
Caroline Landerfors Insurance mediation or investment advice?

Sweden - Magnusson

The Supreme Court recently referred a case to the European Court of Justice (ECJ) concerning the demarcation of insurance mediation and investment advice, and the extent to which the statutory liability insurance for insurance intermediaries should respond to claims in respect of such services. In tandem with the ECJ proceedings, the Swedish Ministry of Finance proposed that the EU Insurance Distribution Directive 2016/97 be transposed into local law by way of introducing an insurance distribution act.

Authors: Caroline Landerfors, Alexander Galfvensjö
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Anthony Dempster Construction of exclusions in insurance policies

United Kingdom - Herbert Smith Freehills LLP

In a recent case, the Commercial Court found in favour of the defendant insurer in regard to the disputed construction of an insolvency exclusion in a professional indemnity insurance policy. The case is a useful restatement of the law on the interpretation of exclusion clauses in insurance contracts. It also serves as a reminder that policyholders should not assume, simply because an exclusion is widely drafted, that it will not be upheld by the courts in the event of a dispute.

Authors: Anthony Dempster, David A Jones
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