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In insurance, a group of insurers who share premiums and losses in order to spread risk.In investments, the combination of funds for the benefit of a common project, or a group of investors who use their combined influence to manipulate prices.1.Simon was also very pleased to be asked to participate in the initial private consultation meetings with Lord Justice Jackson in early 2009 at the Royal Courts of Justice involving the Third Party Funding Market and the After the Event Insurance Market.
All of these issues have affected the cost and availability of PII in one way or the other.
It is also one of the most significant expenses faced by most practices, third only to the cost of staff and premises.
At Brunel we have access to the whole open market, rather than a limited panel of insurers or insurance schemes.
As a result, this has led to a change to Simon's more familiar workload and has seen him move towards developing other markets, such as advising D&O insurers in relation to claims for costs arising out of civil and criminal investigations overseas, the USA in particular.
Simon has also seen his client base grow concerning media work having acted for some of the national newspapers in relation to privacy, defamation and libel claims which have been made against them.