The Forum of Insurance Lawyers (FOIL) has launched London FOIL, a new division of the organisation that will support the insurance and reinsurance law firms and lawyers working in the London and Lloyd’s market.
With an exclusively defendant-focused agenda, London FOIL will provide a platform for lobbying, education and networking.
The new division will be led by Jennette Newman, partner at Clyde & Co. She takes on the role of president. Ingrid Hobbs, partner at Kennedys, will be its vice president, complemented by executive committee member Gavin Coull, head of reinsurance at BLM.
FOIL London will comprise sector-focused teams—small groups of specialist expert lawyers from different firms collaborating, campaigning, discussing and seeking common solutions to some of the larger thematic issues the industry faces.
These include modernisation, Brexit, and talent and diversity. An industry consultation was carried out in the run up to the launch of FOIL London that identified a need for a collective voice on these issues.
Commenting on the launch, Laurence Besemer, CEO of FOIL, commented: “In the last quarter-century FOIL has established itself as the leading voice representing those engaged in the defence of insurance-related claims.”
“Rolling out this successful model into the most famous insurance market in the world, marks the start of an exciting new chapter and I’m looking forward to working with Jennette, Ingrid and all the other exceptional lawyers in this market.”
On becoming the new division’s president, Newman said: “At a time of such monumental change, challenge and opportunity for the London Market it’s important that everyone involved in it works to support it and seeks to collaborate on some of the bigger sector issues the industry faces both from a technical and risk perspective.”
“The future of the UK’s insurance sector post-Brexit, industry and process modernisation, and developing talent and inclusive innovation are all important as well as being close to my heart. I am looking forward to leading London FOIL in its inaugural year, helping to tackle some of these issues and establishing it as a major authority in the London insurance market.”
Hobbs added: “I am excited at the opportunities London FOIL will afford the insurance industry, and the lawyers who serve it, to collaborate and strengthen London’s reputation as a first class jurisdiction for international insurance and dispute resolution.”
In support of London FOIL, Christopher Jones, director of legal and marketing services from the International Underwriting Association, said: “The formation of the London FOIL is a welcome development. Insurance law has changed much in recent years and a more effective voice for legal professionals in our sector will certainly benefit the industry as a whole.”