The Box
The Box: EC3 Brokers Limited
In this edition, James Thompson and Jenny Rhind consider the High Court’s recent decision in EC3 Brokers Limited (in Administration) in which an insolvent broker was left holding client monies and the broker’s record keeping made accurate redistribution a challenge. We ask: - How to disentangle monies held on trust for clients versus those due to insurers? - How should the client money pool be distributed where it is impracticable to determine precise entitlements due to defective records?
The Box: Covid-19
As we approach the sixth anniversary of the onset of the Covid-19 pandemic, the limitation period for claims against brokers in relation to insurance policies which did not respond to business interruption losses in the way that policyholders may have hoped will either be approaching or, in many cases, have already passed. In this edition of the Box, Ben Hardiman and Ian Tattersall reviews the legal landscape for brokers in this area.
The Box: Risk Management Q&A
The Box is Mills & Reeve's webinar series for insurance brokers, intermediaries and their insurers. Tune into this session on Risk Management Q&A for brokers, coverholders and MGA's. James Thompson and Priya Ranch answer a range of questions on all aspects of risk management from placing cover, to handling claims and operating within a delegated authority.
The Box: What are the chances? Causation in claims against insurance brokers
Recorded on 1 April 2025. In our April edition of The Box, James Thompson and Shaira Begum consider the Court of Appeal’s approach to causation in Norman Hay Plc v Marsh Ltd in claims against insurance brokers. They discussed how the courts will approach cases where a broker has failed to put cover in place and the court is asked to assess the likelihood that hypothetical cover would have been available if the broker had done its job.