London FOIL was created in 2018 as 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 provides a platform for lobbying, education and networking. For 2018/19 the division will be led by Jennette Newman, partner at global law firm Clyde & Co, who takes on the role of President and Ingrid Hobbs, partner at international law firm Kennedys, who is Vice President, complemented by Executive Committee Member Damian Cleary, Head of Reinsurance at BLM and Ling Ong, Partner at Weightmans.
The work of the new division is delivered through effective processes and practices that FOIL has established over the last 25 years: London FOIL comprises 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. This could be helping the industry address its modernisation agenda, lobbying on behalf of the industry over Brexit, or teaming up to help the sector tackle the talent and diversity challenges it may face. The thorough industry consultation and modelling that led up to the launch of this new division identified the need for a collective voice on these key issues. London FOIL helps to develop close relationships with insurance and reinsurance companies and trade bodies, whilst maintaining independent views on how to resolve the challenges facing the London market.
Commenting on the launch, Laurence Besemer, FCII, CEO of FOIL:
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
Laurence Besemer, FCII CEO of FOIL
On becoming London FOIL President, Jennette Newman, Partner at Clyde & Co commented:
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.
Jennette Newman Partner at Clyde & Co
Ingrid Hobbs, Vice-President of London FOIL 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.
Ingrid Hobbs Vice-President of London FOIL
In support of London FOIL, Christopher Jones, Director of Legal and Marketing Services from the International Underwriting Association says:
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.
Christopher Jones Director of Legal and Marketing Services from the International Underwriting Association