Insurance UK

  • June 12, 2017

    Calastone Completes Major Blockchain Test In Funds Industry

    Global funds transaction network Calastone announced on Monday it has successfully bought and sold mutual funds using blockchain technology, outpacing regulators with the largest-scale test of its kind in the industry to date.

  • June 10, 2017

    UK's May Reappoints Top Brexit Team Despite Poll Setback

    British Prime Minister Theresa May's new government has reconfirmed Brexit negotiator David Davis and other top ministers in their posts, ending speculation of a major cabinet reshuffle after Thursday's general election. 

  • June 9, 2017

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

    In recent days, London's High Court has seen a new suit from a beleaguered real estate investment vehicle in liquidation, another contract dispute from the owner of Taiwanese shipping giant TMT Group against a specialist commodity derivative brokerage, and an insurance claim from an Indian real estate tycoon. Here, Law360 looks at those and other new claims in the U.K.

  • June 9, 2017

    Election Shake-Up Thickens Fog For London's Financial Firms

    New Brexit uncertainties are plaguing Britain’s financial services sector in the wake of Thursday’s snap election that left the country without a clear majority party in Parliament, as lawyers warn the results bode ill for U.K. negotiators hoping to win a good trade deal from European Union counterparts.

  • June 9, 2017

    Prepare Staff For New Accounting Rules, PwC Urges Insurers

    Insurers must ensure staff and boards are prepared for radical reforms to their accounting rules and check they hold sufficient funds to comply with the new regime, a senior official at PricewaterhouseCoopers warned Friday.

  • June 9, 2017

    Insurance Reforms May Slow In Hung Parliament, Lobby Says

    A hung parliament in the U.K. could help shield the insurance industry from radical changes by forcing cross-party cooperation and weakening the executive powers of government, the head of Britain’s top insurance lobby predicted Friday.

  • June 9, 2017

    UK Terrorism Reinsurer Warns Of More Attacks

    The U.K.’s Treasury-backed terrorism insurer reported its findings on Friday on three attacks by extremists within just 10 weeks, saying police and security services had known most of the perpetrators, and preparing the public for similar outrages to come.

  • June 9, 2017

    May Links With DUP To Govern, Will Press Ahead With Brexit

    British Prime Minister Theresa May said on Friday she will form a Conservative government backed by Northern Ireland’s Democratic Unionist Party, asserting that this alliance will enable the U.K. to take part in Brexit negotiations with European officials as planned.

  • June 9, 2017

    Data Watchdog Raids Homes In Nuisance Caller Probe

    The U.K.’s data regulator said on Friday it had executed two search warrants this week in an ongoing investigation into nuisance callers which target clients for personal injury claims using stolen information.

  • June 9, 2017

    EU Officials Say UK Election Casts Doubt Over Brexit Talks

    Senior European Union officials warned on Friday that the uncertainty arising from Prime Minister Theresa May's lost majority in the U.K. Parliament is threatening the planned June 19 starting date for Brexit negotiations and lengthens the odds of a successful deal before the March 2019 deadline.

  • June 9, 2017

    Hung Parliament Bad News For Pensions, Broker Warns

    A hung parliament would deliver “the worst possible outcome” for U.K. pensioners and retirement savers, with political limbo delaying vital decisions on state retirement age and the controversial “triple lock” on pensions, a leading broker said in a report issued on Friday.

  • June 9, 2017

    Conservatives Lose Majority In UK Snap Election

    Theresa May's Conservative Party has lost its parliamentary majority in Thursday's elections, a surprise outcome that plunges the U.K. into political instability and casts new doubt on the country's plans to leave the European Union.

  • June 8, 2017

    Updated UK Election Projections Show May Losing Majority

    Updated projections point to Prime Minister Theresa May’s Conservative Party falling short of achieving of an outright majority in Thursday's general election, throwing the U.K.'s preparations for leaving the European Union into disarray.

  • June 8, 2017

    Gibson Dunn Grabs Paris Finance Team From Ashurst

    Gibson Dunn & Crutcher LLP has launched new litigation and finance practices in Paris with the recruitment of a five-person corporate finance team from Ashurst LLP, the law firm announced on Thursday.

  • June 8, 2017

    UK Terror Reinsurer Preparing New Risk Advice

    The U.K.’s Treasury-backed terrorism reinsurer said Thursday that it will be advising businesses next week on the need for coverage for attacks by extremists, after three major attacks in less than three months.

  • June 8, 2017

    Insurers Balk At EU's Revised Capital Market Plan

    The European Commission’s plans for a revamped capital markets union fail to address the steep capital charges faced by insurers under the EU's capital rulebook, a major lobby group said Thursday.

  • June 8, 2017

    Pret, Nando's Among Massive New Swipe Fee Claimant Group

    More than 85 retailers and companies have been named in new claims filed in the U.K. against Visa Europe Ltd. and MasterCard Inc., according to the court register, in a set of commercial cases that will add to the legal woes the credit card companies already face over interchange fees.

  • June 8, 2017

    EIOPA Guides Insurers On Solvency II Reporting

    Europe’s top insurance regulator issued its latest guidance on Thursday on how insurers should report information to watchdogs under the European Union’s formidable capital rulebook, Solvency II.

  • June 8, 2017

    EU Reboots Capital Markets Project With Wave Of Regulation

    The European Commission outlined plans on Thursday to reengineer its flagship capital markets union project to accommodate Britain’s decision to quit the European Union.

  • June 8, 2017

    Allianz Lawyers Team Up With Clinical Negligence Firm

    Lawyers with global insurance giant Allianz SE have teamed up with a firm of U.K. solicitors to offer coverage for litigation costs, enabling early payments to fund attorneys in contentious clinical negligence cases.