Over the last few months we have closely advised a new mutual insurance business, established as a friendly society, to provide unregulated insurance cover type products to various business sector members. Today ‘Mutuals’ are big business and are growing in popularity. Discretionary Insurance Mutuals, in particular, are often seen as a cost efficient alternative to traditional insurance companies, providing flexible cover for members.
We have provided advice on the various regulations in this area, the appropriate business structures and assisted develop a Claims Process. We have also prepared the detailed Membership Rules, Cover Terms and Policy Documents for use by the Mutual and its Members, in respect of risks including: Credit Risk; Key Person Protection; Cyber Risks; Media Liability Protection; Fraud Risks; Business Interruption; Terrorist Activity; and Supplier Failures.
If you are interested in Mutuals or how we might assist you in this area, please contact Andrew Iyer at: [email protected] or on: + 44 207 1773371.
“[Iyer is] an extraordinarily fine lawyer with the full portfolio of skills, from negotiating contracts to claims, disputes and arbitrations - he’s the whole package!”
From 'Chambers Guide to the Legal Profession' while Andrew Iyer was practising as a solicitor'Leading Arbitration Specialist UK' 2022
AI Global Excellence AwardsWinner of the International Law Office 'Client Choice Award for Energy & Natural Resources UK'
While Andrew Iyer was practising as a solicitor“[Iyer is] one of the most experienced energy lawyers that I have come across. His energy practice has a unique offshore flavour which suits our requirements”
From the 'International Law Office, Client Choice Guide' while Andrew Iyer was practising as a solicitor“Iyer has a deep understanding of international markets and an impressive track record in arbitration and commercial disputes”
From 'Chambers Guide to the Legal Profession' while Andrew Iyer was practising as a solicitor'Shipping & Trade Firm of the Year in England' 2023
Corporate Intl Magazine Global AwardsEnergy & Natural Resources Law Expert of the Year in England 2020
Leaders in Law Global AwardsShipping & Trade Firm of the Year in England 2020
Global Law Experts Annual Awards“[Iyer] has the experience to instantly recognise the problems being encountered and the professional expertise to always provide sound, concise and, most importantly, clear legal advice”
From the 'International Law Office, Client Choice Guide' while Andew Iyer was practising as a solicitor'Energy & Natural Resources Firm of the Year in England' 2023
Corporate Intl Magazine Global Awards“[Iyer] is very cost effective, efficient and proactive - he takes the initiative in speeding up recalcitrant opponent lawyers to the negotiating table”
From the 'International Law Office, Client Choice Guide' while Andew Iyer was practising as a solicitor“an extraordinarily fine lawyer with the full portfolio of skills, from negotiating contracts to claims, disputes and arbitrations - he’s the whole package!”
From 'Chambers Guide to the Legal Profession' while Andrew Iyer was practising as a solicitor“Andrew Iyer continues to glean high praise from clients”
From 'The Legal 500' while Andrew Iyer was practising as a solicitor“Sharp, to the point and efficient. [Iyer] responds with electrifying speed and is always contactable”
From 'The Legal 500' while Andew Iyer was practising as a solicitor'Arbitration Advisers of the Year' 2021
Global Business Magazine
