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Kennedys reaffirms commitment to diversity and inclusion agenda, as a global partner of 2021 Dive In festival
We are delighted to again be a global partner of Dive In, the international festival for diversity and inclusion (D&I) in insurance and an initiative of Inclusion@Lloyd’s.
Kennedys is implementing a hybrid working policy which will allow people to work from home up to 40% of the time.
Kennedys has promoted ten lawyers to its partnership. Four of those promoted are based in the UK, with six in the US. Kennedys’ worldwide partner count is now 280.
This chapter covers common issues in enforcement of foreign judgments, laws and regulations through the detailing of the general enforcement regime, enforcement regime applicable to judgments from certain countries, and methods of enforcement in 25 jurisdictions.
Case review 18/03/2021
Fiona Lorraine Philipp v Barclays Bank UK PLC  concerned a couple, the victims of a “push payment” fraud, who were unable to recover damages from their bank for failing to prevent the payment of substantial sums to the fraudster.
A roundup of recent global cyber-related developments, including the introduction of mandatory data breach notification requirements in Singapore, the digitisation of insured businesses and resulting risks to insurers, the Bermuda Cyber Underwriting Report, corporate forum shopping for favourable data protection laws and the New York launch of the Cyber Insurance Risk Framework.
Cyber underwriting report released by Bermuda Monetary Authority: And it may remind you of another regulator’s recent report
On February 18, 2021, the Bermuda Monetary Authority (BMA) released its annual Bermuda Cyber Underwriting Report. For those unfamiliar with the Report, the publication outlines statistics, findings and general recommendations regarding cyber underwriting and, “to a lesser extent,” operational cyber resiliency. Its findings and suggestions were similar to the Cyber Insurance Framework guidance recently published by the New York Department of Financial Services.
Bermuda’s Personal Information Protection Act 2016 (PIPA) will, when fully operative, represent a significant change in informational privacy law in Bermuda. While it envisages a comparatively “light regulatory environment” for informational privacy, the act will require a number of practical changes for many organisations.
Few industries illustrate the tension between the forces of supply and demand as neatly as the insurance industry: locked in a perpetual cycle of fluctuating supply – or “capacity” – with a “soft” market during periods of excess capacity, characterised by lower pricing and broader policy coverage, and a “hard” market during periods of restricted capacity, characterised by higher pricing and narrower policy coverage.
Kennedys continues to grow in 2021, with the acquisition of Langleys’ insurance team. This sees Kennedys opening an office in Leeds, our 12th in the UK and 42nd globally. The new office will be headed up by David Thompson formerly Managing Partner and Head of Insurance at Langleys.