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Insurance UK

  • November 2, 2018

    UK Litigation Roundup: Here's What You Missed In London

    The last week has seen a private equity firm sue a major U.K. pub operator, an Iranian shipper take on dozens of insurers and a breach of contract claim against Merrill Lynch. Here, Law360 looks at those and other new claims in the U.K.

  • November 2, 2018

    Ropes & Gray Snags Ex-FSA Regulatory Partner From Akin

    Ropes & Gray LLP has hired a former Financial Services Authority attorney away from Akin Gump Strauss Hauer & Feld LLP to expand its international risk team in London.

  • November 2, 2018

    Appliance Insurer Defends Right To Poach Rival's Staff

    A rival to Domestic & General Insurance PLC has admitted to trying to poach the company’s customers but denied allegations of wrongdoing, adding that its own representatives do not mislead potential clients as a “general rule.”

  • November 2, 2018

    Airbus Gets UK Go-Ahead For Suit Against Italian Insurers

    Airbus can press ahead with its lawsuit seeking to avoid liability to a group of Italian insurers over a damaged airplane, a London judge ruled Friday, rejecting the companies' bid to delay proceedings while they contest the jurisdiction of their claim against the aircraft manufacturer in the Italian courts.

  • November 2, 2018

    Insurance Website May Breach Competition Law, CMA Says

    Compare the Market, a high-profile price comparison website, appears to be breaking competition law by preventing home insurers from offering lower quotes on rival sites, the U.K.’s antitrust enforcer said on Friday.

  • November 1, 2018

    Agency Fires Warning Shot For Accountants In Pensions Case

    An accountant for a London cafe was fined nearly £6,900 ($8,970) on Thursday for lying about whether the company had complied with enrollment rules for its pension scheme, the first time an outside service provider has been prosecuted for such a violation.

  • November 1, 2018

    Asset Recovery Cos. That Duped Investors Get Shut Down

    Two linked companies that claimed to be able to claw back cash for people who lost money in alternative investments have been closed down by an English court after an investigation revealed they routinely misled clients, a government agency said Thursday.

  • November 1, 2018

    Genworth Can't Blame Santander For £28M Suit, Judge Says

    A judge in London refused on Thursday to allow Genworth Financial Inc. to shift the blame for missold payment protection insurance onto two British units of Santander, after AXA SA sued the U.S. insurer for £28.5 million ($37 million).

  • November 1, 2018

    FCA To Offer More Brexit 'Clarity' Amid Industry Concerns

    The Financial Conduct Authority has said it will be more transparent about how it expects financial services businesses to comply with new rules as it seeks to ease concerns within the sector about its supervisory response to Brexit and the growth in cyberrisks.

  • November 1, 2018

    EU, US Insurance Regulators May Link To Fight Cybercrime

    Regulators in the U.S. and the European Union could join forces to test the vulnerability of insurers on both sides of the Atlantic to international cyberattacks as the threat from online crime escalates, Europe’s top insurance supervisor has indicated.

  • October 31, 2018

    FCA To Probe Insurance Pricing Amid Overcharging Worries

    The Financial Conduct Authority detailed plans Wednesday to look into how insurance coverage is priced amid concerns that some consumers were being overcharged for home and motor insurance, a move that could lead the regulator to step in.

  • October 31, 2018

    Insurers Demand Tougher Rules After Grenfell Tower Blaze

    An insurance trade group on Wednesday accused the government of taking its eye off the ball as it seeks to reduce fire fatalities following the deadly Grenfell Tower blaze, pushing for tougher rules on combustible cladding in buildings.

  • October 31, 2018

    UK Supreme Court Dismisses Appeal Tied To PPI Redress

    The U.K.’s highest court has dismissed an appeal brought by a trustee seeking the rights to compensation that his client won after being missold insurance, ruling that neither the trustee nor the creditors of the estate have a claim because their responsibilities were discharged before the redress was discovered.

  • October 31, 2018

    Pension Withdrawal Tax Rebates Rise To Record High

    British savers clawed back more than £38 million ($48.5 million) from the government in overpaid pensions withdrawal tax from July to September, as rebates from the controversial levy hit a record high, according to data released on Wednesday.

  • October 31, 2018

    Insurance M&A Soars Under EU's Tough Capital Regime

    The value of mergers and acquisitions among international insurance companies soared by almost a fifth to €37 billion ($42 billion) between January and June, a growth driven partly by the European Union’s sweeping capital regime, according to new data revealed on Wednesday.

  • October 30, 2018

    Clyde & Co. Partner Goes In-House At Insurance Broker

    A Clyde & Co. LLP partner who spent more than 17 years at the firm has gone in-house at specialist insurance and reinsurance broker BMS Group Ltd to serve as group chief legal counsel.

  • October 30, 2018

    UK Data Breach Fines Double As GDPR Sets In

    The average fine handed out by Britain’s data regulator for information breaches doubled in the year ending in September, as large firms now risk stiffer penalties under Europe’s new General Data Protection Regulation, a law firm said Tuesday.

  • October 30, 2018

    Accounting Firm, Insurer Move £86M Claim Out Of Court

    A London judge has stayed an £85.5 million ($109.6 million) lawsuit between an insolvent Caribbean insurer and a U.K. accounting firm that it accuses of reckless auditing, paving the way for an out-of-court settlement.

  • October 30, 2018

    Insurer Fined £5M For Oversight Failings In 1st For FCA

    Liberty Mutual Insurance Europe SE has been fined £5.2 million ($6.6 million) by Britain's Financial Conduct Authority for failing to properly oversee its handling of claims and complaints about mobile phone cover, the regulator said on Tuesday.

  • October 30, 2018

    Watchdog Looks To Revamp Annual Reporting Practices

    The Financial Reporting Council said on Tuesday that it will review the information that businesses, including banks and insurers, set out in their annual reports to ensure they provide shareholders with useful data on their investments.

Expert Analysis

  • Litigation Finance Trends To Watch In 2018

    Jay Greenberg

    Jay Greenberg and Max Volsky, co-founders of litigation finance platform LexShares Inc., analyze emerging trends based on conversations with their investors and executives in this rapidly evolving sector.

  • The Enneagram And The Practice Of Law

    Jennifer Gibbs

    Study of the Enneagram personality typing system can provide attorneys with better insights into themselves, and into those they interact with professionally, including clients, opposing counsel and judges, says Jennifer Gibbs of Zelle LLP.

  • What Open Banking Has In Store For Wealth Managers

    Neil Warlow

    This year, the revised Payment Services Directive takes effect in the EU, providing the legal framework for open banking, which is intended to encourage competition in the retail banking sector by enabling customers to consent to allowing third parties safe and secure access to their current accounts, says Neil Warlow of JLT Specialty.

  • What To Expect From Blockchain In 2018

    Austin Mills

    Blockchain's growth next year is unlikely to match its 2017 growth, but 2018 may well be a much more impactful year in the blockchain and cryptocurrency space. Emerging themes and initiatives include smart contracts, state-backed cryptocurrencies and the maturation of the initial coin offering market, says Austin Mills, head of the blockchain and cryptocurrency group at Morris Manning & Martin LLP.

  • Hearing The Need For More Women’s Voices In The Courtroom

    Carrie Cohen

    For many female attorneys, the results revealed in the New York State Bar Association’s recently adopted report on female litigators in the courtroom were not encouraging but not terribly surprising. Each stakeholder in the litigation process — judges, law firms and corporate clients — should contribute toward increasing female voices in the courtroom, says Carrie Cohen of Morrison & Foerster LLP.

  • Legal Technology In 2017: Trends And Implications

    Nicole Moriniere

    This has been a year of critical mass for legal tech and a transformative year for the legal industry as a whole. We also witnessed increased collaboration between legal tech companies and more traditional players, says Nicole Moriniere of Lexoo.

  • A GDPR Primer For US-Based Cos. Handling EU Data: Part 2

    Caroline Krass

    In the final part of this series about the General Data Protection Regulation, attorneys at Gibson Dunn & Crutcher LLP explain the stringent restrictions placed on cross-border data transfers to countries outside of the European Union, various compliance mechanisms and penalties, and potential deviations in implementation among EU member states.

  • A GDPR Primer For US-Based Cos. Handling EU Data: Part 1

    Caroline Krass

    While many U.S. companies have already begun work on complying with the General Data Protection Regulation, it has such a long reach that it may encompass many organizations that would not ordinarily expect to be subject to European data privacy laws, say attorneys at Gibson Dunn & Crutcher LLP.

  • Keeping Your Law Library Relevant In The Age Of Google

    Donna Terjesen

    Google’s status as a go-to research tool has transformed legal research habits, leading critics to view law libraries as cost centers. Law firms should embrace Google-style research tools and manage costs efficiently in order to position their libraries as valuable assets for years to come, says Donna Terjesen of HBR Consulting.

  • Health And Insurance In And Outside The UK After Brexit

    AJohn Hall

    The upcoming divorce between the United Kingdom and the European Union will have ramifications for health, safety and personal injury claims in the U.K., as well as for U.K. residents' access to insurance while traveling in the European Economic Area, says John Hall of Tilly Bailey & Irvine LLP.