Date / time
1:00 pm - 2:00 pm
In a landmark speech at Lloyd’s in 2015, Mark Carney warned of the systemic risk that climate change could pose for the financial services industry. He described three categories of climate risk: physical, transition, and liability.
In this presentation Clyde & Co will explore all three categories and, in particular, the various ways in which liability can arise. They will look at some of the cases already making their way through the courts and also outline the regulatory position, including the PRA’s recent Supervisory Statement.
Nigel handles international insurance and reinsurance disputes and drafts and advises on (re)insurance wordings, including parametric and transactional contracts.
He leads Clyde & Co’s global campaign on Resilience and Climate Change Risk, building a body of know-how and raising awareness of climate-related legal duties and potential liabilities. He co-authored the firm’s 2018 Reports on Parametric Insurance and Inclusive Insurance – exploring the role of innovative risk transfer in closing the global protection gap – and has led Clyde & Co’s 2018/19 series of reports on the rising tide of climate change liability and duties of care.
Laura advises on coverage issues and disputes across all forms of financial lines and directors and officers liability insurance. Her experience encompasses a variety of complex losses and liabilities in many different jurisdictions, often involving combinations of civil, regulatory and criminal proceedings and investigations.
Neil heads the Global Product Liability and Recall practice at Clyde & Co. He specialises in product liability and recall, environmental liability and professional liability. He is a first port of call for complex and cross-border product liability claims and he acts as coverage, defence and monitoring counsel in all parts of the world.
Neil has written and lectured extensively on the risks and opportunities of climate change. He is particularly interested in the evolving relationship between product and environmental liability. Neil is currently advising a number of international insurers on their exposure to climate litigation and the policy response to existing claims.