From the monthly archives:

November 2006

isle of man the new bermuda?

by jolyonpatten on November 30, 2006

According to an article today in Ellan Vannin Jiu (hey, you didn’t know that is “Isle of Man Today”) the local Insurance and Pension Authority is keeping close tabs on developments in the reinsurance sphere. David Vick, chief executive of the IPA, said: ‘Bermuda is the international centre for large reinsurers. It’s a very [...]

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Contractor’s duties extended

by jolyonpatten on November 22, 2006

In Gray v Fire Alarm Fabrication Services Ltd. (decided on 10 November, and reported in the Times today) the Court of Appeal held that if a contractor had the right to supervise the work of a sub-contractor so as to ensure that it was carried out safely, then it was also under a duty of [...]

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resources: bermuda

by jolyonpatten on November 11, 2006

Well, this looks like an, er, interesting idea. ReSources (Bermuda) provides insurers and reinsurers locally and overseas with a range of management capabilities during peak seasons or whenever extra help is required… [It] will provide production, underwriting, and audit services to Bermuda’s insurance and reinsurance sector, and to companies overseas, on an outsourced basis. [...]

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Softening conditions

by jolyonpatten on November 10, 2006

I was having a chat with a client of mine the other day. He looked a bit glum, and when I asked him about the state of the market it was a chance for him to let rip. You know, Jolyon, the thing about the insurance and reinsurance game is that it’s not [...]

Treasury 1, Lloyd’s Names 0

by jolyonpatten on November 9, 2006

Lloyd’s Names have lost a legal challenge against the Treasury over claims that successive governments had failed properly to implement an EU insurance directive dealing with insurance risk, which would have brought to light substantial additional syndicate liabilities The High Court held, first, that the directive had not given the Names the necessary rights to allow [...]

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Rubbish

by jolyonpatten on November 7, 2006

Well, this has been a rubbish time for posting, hasn’t it? Nothing since 26 October? Come on, Patten, pull yourself together and get on with it. Excuses: had blood poisoning from a cut or something on a finger, which raged up into a fever and laid me low, then tons of work when I [...]

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