9/11 – On-going Aggregation Issues

Date2 July, 2019

Time 12:30 PM - 2:00 PM

Location RPC Office, 38/F
One Taikoo Place, 979 King's Road

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About

It is the Hong Kong Insurance Law Association Limited’s great pleasure to invite you to our next event.  Please see attached flyer for information and registration.

Lecture: “9/11 – On-going Aggregation Issues”

Speaker: Stephen Hofmeyr QC, 7King’s Bench Walk

Date and Time: 2 July 2019 (Tuesday); 1:00 – 2:00 pm. Registration from 12:30pm onwards

Fee: $150 (Members)    $250 (Non-Members)     $100 (Students)

Venue: RPC offices, 3802-3806, 38/F One Taikoo Place, 979 King’s Road, Quarry Bay, Hong Kong

Lunch: Light lunch will be provided

RSVP: Please complete Registration Form overleaf (see attached below or Click Here).  Places may be limited.

HILA – Invitation to lecture on 2 July 2019

*** CPD accreditation from the Law Society has been applied for ***

Lecture Synopsis

Stephen Hofmeyr QC will provide an overview of some of the on-going issues concerning the aggregation of losses under reinsurance contracts (primarily those on the terms of the Joint Excess of Loss Clauses) to which the 9/11 terrorist attacks have given rise. Cases to be discussed will include:

  • Axa Reinsurance (UK) Plc v Field
  • Caudle v Sharp [1995] CLC 642
  • Scott v Copenhagen Reinsurance Co (UK) Ltd
  • Countrywide Assured Group Plc v Marshall
  • KAC v KIC
  • IF P&C Insurance Ltd v Silversea Cruises Ltd [2004] Lloyd’s Rep. IR 217
  • Aioi Nissay Dowa Insurance Company Ltd v Heraldglen Ltd [2013] EWHC 154 (Comm)
  • Mann v Lexington
  • Simmonds v Gammell
  • ACIC v INSCO

Speaker Background

Stephen Hofmeyr QC is a leading commercial barrister with a wide-ranging international commercial law practice.  His relatively unique combination of legal and accounting qualifications has equipped him to specialise in all aspects of commercial law and make him particularly suited to complex disputes.  The areas of commercial law to which Stephen has been most exposed and with which he has had most experience range from the general contractual to the more specialized, such as insurance and reinsurance, financial services and banking, professional negligence, aviation, rail, shipping and company law (in particular, shareholder disputes and claims against directors).

For the past 26 years Stephen Hofmeyr QC has been involved in a plethora of disputes arising from most of the major problems which have given rise to large-scale claims in the world-wide insurance and reinsurance markets, including the internecine disputes in the Lloyd’s market in the early 1990s, pensions miss-selling, oil spills, the invasion of Kuwait, the collapse of financial institutions in the East, the collapse of the Soviet Union, the PA LMX spirals, political risks losses in Sierra Leone, Argentina, Thailand, Colombia, Turkey and Israel, Film Finance, the 9/11 US Terrorist attacks, piracy and ransom off the coast of Africa and the world-wide financial crisis following the collapse of Lehman Brothers in 2008.

We hope to see as many of you as possible there.

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