NA Forum - Bringing Insurance Communities Together
The Inaugural gathering of the North American Forum took place in the Old Library at Lloyd's on 30th September 2016, attended almost 80 professionals from the London Market, all specialising in or with an interest in North American insurance business.
Attendees heard from Dave Matcham, CEO of the IUA on the importance of the USA relationship to the London Market, as well as some of the cross border regulatory challenges. Paul Brady, Head of Conduct from Lloyd's then spoke about the new US Complaints Handling Process, followed by Kevin Mescal, Senior Counsel at Lewis Johs in New York, who gave a fascinating overview, albeit concerning for underwriters, of the US Court's decision to apply the "All Sums" principle to claims which have multiple years of exposure. Guests enjoyed lunch and drinks afterwards at Lloyd's.