BLM’s thoughts on the Mactavish report

12 Jan 2012

The Mactavish Report: Corporate Risk and Insurance – the case for placement reform, has been widely debated amongst the insurance sector.

Here, Berrymans Lace Mawer LLP (BLM) partner Helen Grimberg provides a summary in a webcast that looks at the three areas of reform that Mactavish suggest and explains how the report makes excellent use of interviews with insurance buyers, brokers and underwriters when conducting the research.

In three areas Mactavish suggest reform of the placement process that will ensure that:

1. Insurance brokers can ensure that buyers have a better understanding of insurance law;
2. There should be a more forensic dialogue about risks during the insurance placement process;
3. To facilitate the above there should be an enhanced two-stage tendering process (for placing corporate risk).

Click below to view the webcast

In a clear account BLM respond to the seven protocols that Mactavish sets out and what evidence Mactavish demonstrates for suggesting that there is a collective failure of the market's participants to acquire or deliver the product needs of its clients when communicating risk.

Click here to read BLM's thoughts on Mactavish – a spotlight on corporate risk and insurance.

For more information or to discuss the content of the webcast or article, please contact Helen Grimberg directly at Helen.grimberg@blm-law.com or 020 7865 8473.

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