Peter MacDonald Eggers KC will be delivering a talk on “The Subscription Insurance Markets: Leaders and Followers” for the British Insurance Law Association Lecture Series on Wednesday 17 April.

Peter’s talk will seek to explore the legal issues arising from the particular roles of the leaders and followers in the London insurance market.

The London subscription insurance market is characterised by the participation of a number of separate underwriters in a single risk. Those underwriters either take a greater or lesser role in the placing of the risk, the investigation of losses and the management of claims. There are Leading Underwriters and Following Underwriters. The regulation of the role of each underwriter and perhaps the relationship between the underwriters themselves can be set out in the contract itself or in market agreements (such as the General Underwriters Agreement). The distinct position occupied by the underwriters can have a significant impact on the fair presentation of the risk to the underwriters, the conclusion and amendment of insurance contracts, and the settlement of claims. Peter’s talk will seek to explore the legal issues arising from the particular roles of the Leaders and Followers in the London insurance market.

For more information, go to the BILA website here

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