IUA Circular 039/22

IUA Financial Interest Endorsement: Q&A Discussion with Market Practitioners

Event Date:  Tuesday 26 April 2022

Time:  12 noon  for approx 1 hour  (UK/London time) 
Check your time zone here

Subject:  At this market briefing our guest speakers will discuss the recently published IUA 09-090 Financial Interest Endorsement and answer questions on its rationale and intended effect. 

Contact:  Deborah Finch, IUA Events Manager (020 7617 4451)

This is a free event, but names and email addresses of all attendees are required for registration.  Please click here to register.

Click here  for dial in details.

We understand that some attendees are unable to join our webinar's due to company restrictions for some applications on company computers . Please note you can also connect and join with a mobile or tablet device.

Please adhere to on line etiquette during our presentations.  We kindly ask you to mute your microphone and video upon commencing the link and to use the Chat application for any  questions, which will be addressed by the speaker at the end of the presentation. We suggest dialling in at least 5 mins before the start of the webinar.
Please note that any recording of this event will be available post-event in DropBox format, subject to speaker authorisation. 

Multinational insurance programmes (commonly referred to as “global programmes”) are designed to provide multinational corporations with comprehensive and consistent insurance cover for their worldwide exposures, including those of their subsidiaries around the world.

In recent years, global master and excess layer policies have increasingly incorporated financial interest clauses in order to ensure legal and regulatory compliance in jurisdictions where cover under such global policies is not permitted.

This IUA Q&A discussion with market experts will consider the rationale behind the IUA’s recently published Financial Interest Endorsement and Commentary and provide attendees the opportunity to pose questions on the clause to those involved in its drafting.  

Our Speaker:  

Christopher Crane
is a lawyer in Ince’s insurance and reinsurance team. He advises on a broad range of commercial matters and disputes arising in the insurance sector including property and construction, reinsurance, professional indemnity, trade credit and cyber risks.

Chris is experienced in all forms of dispute resolution and regularly advises on coverage disputes, liability issues, subrogation and contribution claims, reinsurance disputes and disputes between other parties in the insurance chain. He also regularly advises insurers on the development of new products including policy wordings and insurance structures. Chris also advises on financial losses and data protection issues arising from cyber breaches. 

Christopher Crane will also be joined by expert speakers from the IUA Clauses Committee and wider insurance community, who contributed to the drafting of IUA 09-090.

DISCLAIMER: The market briefing presentation materials and speaker comments therein were prepared solely by the presenter(s) in their personal and professional capacity. Any materials or opinions expressed do not necessarily represent the views of the IUA and IUA does not bear any responsibility for, or liability to, any parties in respect of the accuracy, legality or overall content of the presentation or any other comments made by speakers or other attendees during the market briefing.  
As a member of the CPD (Continuing Personal or Professional Development) Certification Service the IUA is committed to providing high quality training activities. Our market briefing events are certified as being suitable for CPD purposes. To obtain a self assessment form for any particular event please email Deborah Finch. These forms will be issued after each individual event upon request. 

Anti-Trust Statement: It is the clear and unequivocal policy of IUA to comply in all respects with all applicable competition or antitrust laws. Consequently, IUA Market Briefing Attendees will not participate in any practice that would have the object or effect of restricting competition, nor will IUA provide a forum to promote anti-competitive conduct. In particular, any discussion or agreement on key commercial terms, such as commercial premiums, is likely in all instances to be unlawful and must be avoided. A competition law ‘Do’s and Don’ts’ guide is available and the IUA is happy to answer any questions on competition law that  attendees may have.