Insurance Law360 UK provides breaking news and analysis on the insurance industry. Coverage includes U.K. and European Union regulation, legislation, enforcement, and litigation involving insurance companies, underwriters, reinsurers, and brokers.
The creation of a U.K. pandemic reinsurance company took a step closer to reality on Monday with the appointment of former Home Secretary Amber Rudd to one of six working groups established to get the project off the ground.
A Liberian agricultural commodities company has settled its $1.6 million insurance dispute against a Swiss grain supplier over who should cover losses from the theft of thousands of tons of rice.
The Universities Superannuation Scheme plans to ditch stocks in tobacco, coal and weapons manufacturers following pressure from members about responsible investing, its investment manager announced Monday.
A fraud expert representing British insurers on Monday added to warnings that consumers must be on guard for a spike in insurance fraud as scammers try to take advantage of heightened financial anxieties amid the COVID-19 pandemic.
Personal injury law firms across the U.K. as well as insurers such as Allianz and Aviva have extended a deal made in April to use digital tools to resolve injury disputes and "keep the wheels of justice moving" during the COVID-19 lockdown, representative bodies said Monday.