Aggregation – a Series of Unfortunate Events?
Join us for an update on aggregation of insurance claims – an important issue for insurers, insureds and reinsurers. The Supreme Court ruled on Wednesday 22 March that “a series of related matters or transactions" should not be construed in a narrow sense – overruling the Commercial Court and the Court of Appeal.
We analyse recent cases which show that results can vary dramatically depending on the policy words chosen and their interpretation:
- AIG Europe Ltd v Woodman [2017] UKSC 18 – does the Supreme Court’s decision have wider consequences than aggregation under solicitors’ professional indemnity policies? And from whose perspective should aggregation be judged?
- Simmonds v Gammell [2016] 2 Lloyd's Rep. 631 – is the Commercial Court’s decision the last word on 9/11 reinsurance aggregation? Is there any judicial conflict with AIOI v Heraldglen? When do losses arise from one event?
Our panel includes Colin Edelman QC (counsel for AIG) and Andrew Burns QC (counsel for Gammell) and will include a practical examination of common aggregation wordings and their effects.
Bayo Randle and Marianne Tutin will be conducting a mock arbitration of an aggregation dispute.
This seminar will be suitable for insurers, brokers and insurance law practitioners. It is free of charge, and will take place at our offices on Wednesday 26th April 2017.
Registration begins at 5.30pm with the seminar commencing at 6pm followed by drinks and canapés from 7.15pm.
To register your interest, please email Lorna Claridge, Marketing Assistant.
Spaces are limited but please do feel free to ask others in your firm to contact us if they are interested in attending.
