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Understanding the political direction of travel at a country level is increasingly significant for businesses operating across international borders. This report demonstrates how salient macro-political issues are among grassroots communities, providing businesses and their insurers with a clear understanding of emerging risk to enable long-term sustainable operations.
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.
The EU-UK Trade and Cooperation Agreement (TCA) provides the basis for further legal certainty to be agreed following the end of the transition period on 31 December 2020. It was, as we all saw, a fairly tortuous journey and securing a deal seemed impossible at times because both sides had very different aims in mind.
On the surface, the London Market enters 2021 looking very different to its 2020 version. Underwriting rooms lay empty, offices unoccupied, pubs eerily quiet. But beyond the physical stillness, this world leading hub has not paused for breath. Digital systems and solutions have taken centre stage as the London Market has responded to a seismic shift in working patterns and insurance risks.
Kennedys is celebrating 20 years in Hong Kong, and is also moving to new offices.
Kennedys has announced that partners Victoria Clucas and Bill Evans have moved from London to Dubai as part of the firm’s plans to strengthen its capabilities across the Gulf and Middle East region.
Financial Conduct Authority has announced it intends to ask the courts to rule on whether a ‘representative sample of the most frequently used’ BI policy wording provide cover for COVID-19 related losses.
Potential implications of COVID-19 for the Singapore political risk and trade credit market, and initial steps for insurers
The rapid spread of the coronavirus (COVID-19) has led to widespread disruption of global trade and business operations. Government actions to contain the spread of COVID-19 are challenging businesses’ ability to fulfill their contractual obligations. The pandemic is likely to have particular repercussions for underwriters of political risk and trade credit insurance. Most industries will be negatively impacted by COVID-19, and the effects will be exacerbated as the severity and length of the pandemic persists.
The current coronavirus outbreak (recently named COVID-19 by the World Health Organisation (WHO)) is dominating global headlines. Since it was first reported from Wuhan, China on 31 December 2019 it has spread to 25 countries, infected over 42,000 people and claimed over 1,000 lives.