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Financial Institutions

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Our team has wide ranging experience in dealing with large, complex cases as well as the smaller day-to-day claims in relation to the Financial Institutions insurances sector.

Whether faced with a first party fidelity claim under a Bankers Blanket Bond or Fraud cover or a third party liability claim under a Professional Indemnity or D&O policy, whether you wish us to analyse the policy coverage position, monitor and report to you on the handling of the underlying issues by the insured or handle a policy coverage dispute with your insureds, we have the experience and personnel to assist and guide you towards a legally sound and commercially viable solution.

Dispute resolution: We help our clients avoid litigation and provide expert advice to resolve disputes where possible. Our advice is clear, commercial and conscious of reputational risk. We will vigorously defend unmeritorious claims.

Full Service: As a full-service firm, we work closely with colleagues with expertise in other areas as well as those in other offices to advise quickly. 

For more information and detailed credentials, contact the Partner team, details above.


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12/06/2024
Are Professional Indemnity Claims getting harder and more expensive to...
 Our annual Professional Indemnity Seminar for insurance professionals is taking place on Wednesday 12 June 2024. This year we will be considering whether Professional Indemnity claims are becoming harder and more expensive to defend and, if they are, what steps Insurers and Insureds can take to mitigate against this. There will be a number of short presentations from CMS partners and associates on what we consider are the key factors that are impacting the defence of Professional Indemnity Claims, including:The Court’s approach to case management and pre-action con­duct­Man­age­ment of claims against multiple insured partiesIssues in defending insolvent insuredsEnhanced claimant rights - Building Safety ActDevelopments in the recovery of costsPlease register by clicking the button below, and feel free to forward this invitation to colleagues who may find this of interest.
07/05/2024
Energy and climate change: The most significant climate change litigation...
In Verein KlimaSeniorinnen Schweiz and Others v. Switzerland (application no. 53600/20), the European Court of Human Rights (ECtHR) issued arguably the most impactful and far-reaching ruling on climate...
30/04/2024
Financial Services Webinars On Demand
View recordings of CMS financial services webinars available on demand.Webinars are a convenient way to stay informed and hear from our legal ex­perts. We­binars On Demandmedium
30/04/2024
Court of Appeal rejects the Abbott tests for “convenient disposal” of multiple...
The Court of Appeal has overturned the tests set out in Abbott v Ministry of Defence [2023] EWHC 1475 (KB) [2023] 1 WLR 4002 in relation to determining whether it is suitable for multiple claimants to...
24/04/2024
CMS Banking Disputes Report 2024
Working with litigation analytics company, Solomonic, CMS has published its Banking Disputes Report 2024, a data-driven review of the Banking and Finance sector’s dispute-related activity to identify...
17/04/2024
APP fraud – Quincecare duty claims against banks replaced by new “retrieval...
The recent decision in CCP Graduate School Ltd v National Westminster Bank plc and another [2024] EWHC 581 (KB), demonstrates how Claimants are repositioning claims against banks arising from authorised...
15/04/2024
Fundamentally dishonest claimant’s claim dismissed: s.57 of the Criminal...
In Kirsty Williams- Henry v Associated British Ports Holdings Ltd [2024] EWHC 806 (KB), a claimant who had sustained serious injuries following her fall from a pier in 2018 had her claim dismissed because...
10/04/2024
FCA Consultation on Payment Optionality for Investment Research (CP24/7)
On 10 April 2024, the FCA published a consultation on Payment Optionality for Investment Research (CP24/7). In the consultation, the FCA proposes a new option for asset managers when paying for investment...
04/04/2024
Supreme Court ruling on the correct approach for assessing PSLA in “mixed...
In a judgment welcomed by claimants, the Supreme Court has upheld the Court of Appeal’s decision in the case of Hassam & Anor v Rabot & Anor [2023] EWCA Civ 19 in respect of the correct approach to...
04/04/2024
Lexology Masterclass: The future of AI in financial services, where innovation...
On 29 February, our CMS Financial Services Regulatory team and Nextwave hosted a Lexology Masterclass on the future of AI in financial services. In this webinar, we offered practical insights into how...
28/03/2024
FCA Publishes Finalised Guidance on Financial Promotions on Social Media
The Financial Conduct Authority (“FCA”) has published its finalised guidance on financial promotions on social media (FG24/1) (the “Guidance”). This follows a consultation carried out by the FCA...
27/03/2024
Margin of error crucial in defeating negligence claim against valuer
A recent High Court judgment demonstrates the vital importance of the margin of error in claims against valuers, and the need to focus on the valuation result rather than the process.In Bratt v Jones...