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.

Description

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.

Speaker

• Christopher Crane, lawyer in Ince’s insurance and reinsurance team

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.