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Insurance UK

  • July 20, 2018

    AML Laws Need More Focus, UK Law Body Says

    The U.K.'s anti-money laundering laws should be streamlined and strengthened to help law enforcement agencies focus on serious crime, the government’s independent legal advisers said Friday.

  • July 20, 2018

    Gov't Consults Again On Delayed UK Pensions Cold-Call Ban

    The Treasury said on Friday it is carrying out further consultation on its delayed plans for U.K. legislation to prevent criminals tricking savers out of millions of pounds as it gears up to introduce new rules in the fall.

  • July 20, 2018

    Regulator Widens Checks For Pensions Enrollment Failure

    Employers in southern England face spot checks in the coming weeks to determine whether they have lied to the watchdog about enrolling their staff on savings schemes, The Pensions Regulator announced on Friday.

  • July 20, 2018

    Treasury Committee Chief Backs Threatened Pensions Portal

    The head of Parliament's powerful Treasury Committee has added to pressure on the government not to scrap its sweeping plans for a pensions portal, saying that a u-turn on a project designed to help millions of workers monitor their pensions would "make no sense."

  • July 19, 2018

    Global 20: Baker McKenzie

    Since April 2017, Baker McKenzie has closed six multinational deals worth $1 billion or more, including Servier Laboratories’ $2.4 billion purchase of Shire PLC’s oncology business and Post Holdings’ £1.4 billion ($1.8 billion) acquisition of Weetabix, keeping the firm at its long-held spot on Law360’s Global 20 list.

  • July 19, 2018

    Treasury To Finalize Post-Brexit City Rulemaking Framework

    Draft legislation setting out how U.K. financial services regulators will be held accountable for maintaining the technical standards that stem from European Union laws will soon be ready for Parliament's inspection, according to correspondence published Thursday.

  • July 19, 2018

    MPs Question Pension Superfund Over Regulatory Fears

    U.K. lawmakers have questioned one of Britain’s fast emerging pension “superfunds" following concerns that such funds risk overwhelming the statutory compensation body if they fail.

  • July 19, 2018

    End Outdated Investment Treaties, EU Tells Member States

    The European Commission told member states on Thursday to terminate redundant and outdated bilateral investment treaties with other countries in the bloc to “protect the public interest” and comply with EU law.

  • July 19, 2018

    German Regulator Backs Markel Corp. Plan To Beat Brexit

    A  major U.S. insurer has revealed it has won regulatory backing to transfer some operations out of London to a new subsidiary in Germany that will allow it to continue serving European Union clients after Britain leaves the bloc.

  • July 19, 2018

    Firms Must Prepare For 'No Deal' Brexit, FCA Tells City

    Banks and insurers in the U.K. must prepare for a “hard” Brexit, a senior figure at the Financial Conduct Authority warned on Thursday, a week after the government said it would not pursue a deal which offers mutual recognition for financial services.

  • July 19, 2018

    Insurers Urge MPs Not To Ditch UK Pensions Portal

    Lawmakers are facing pressure from insurers to stage an "11th hour" intervention and rescue plans for an online pensions portal that would enable millions of workers in Britain to track their savings, amid reports that the government will ditch the project.

  • July 18, 2018

    Global 20: Cleary Gottlieb Steen & Hamilton

    Cleary Gottlieb Steen & Hamilton LLP has been working hard across the globe this year, handling both sides of Disney’s massive $71.3 billion bid for 21st Century Fox and whittling down a lawsuit over the government-toppling corruption scandal at Brazil’s Petrobras to a $3 billion settlement, to earn a spot on Law360’s Global 20 list.

  • July 18, 2018

    Insurance Law Firm BLM Snags 2 Partners For London Office

    BLM LLP has announced that it has hired two partners specializing in the insurance and reinsurance markets to join its London office from Foran Glennon.

  • July 18, 2018

    MPs Demand Further Reforms After Grenfell Fire

    Government plans to ban flammable building materials after last year’s fatal Grenfell Tower fire should be extended to cover much smaller buildings, a group of U.K. lawmakers said on Wednesday, as they aligned themselves with the British insurance industry.

  • July 18, 2018

    Bureaucratic Delay Slows Search For Regulator's New Boss

    The U.K.'s pensions watchdog is unable to advertise for a replacement for its departing chief executive because the Department for Work and Pensions has failed to sign off the paperwork, the regulator’s chairman told lawmakers on Wednesday.

  • July 18, 2018

    CMA Floats Competition Fixes For £1.6T Pensions Market

    The U.K.'s antitrust watchdog warned Wednesday that it saw a lack of competition within the sector that manages £1.6 trillion ($2 trillion) of pensions, and proposed reforms to the tendering process in an attempt to make the market fairer for trustees.

  • July 18, 2018

    Minister Refuses To Discuss Future Of UK Pensions 'Portal'

    The pensions minister refused to comment on Wednesday about whether the U.K. government is preparing to abandon sweeping reforms that would help millions of workers keep track of their retirement savings as he came under pressure from lawmakers.

  • July 17, 2018

    Global 20: Squire Patton Boggs

    Squire Patton Boggs LLP has maintained a cohesive team of attorneys in offices across the globe who guide billions of dollars in government infrastructure financing for projects like Dubai’s Route 2020 along with high-value initial public offerings, once again earning a spot on Law360’s Global 20 list.

  • July 17, 2018

    Insurer, Engineer Settle Wind Farm Construction Loss Suit

    Collapsed engineering firm Lagan Construction Ltd. has settled a claim against Starstone Insurance Ltd. alleging the insurer must cover the repairs for three Irish windfarms, which the builder said exposed it to costs of up to £47 million ($62.2 million).

  • July 17, 2018

    Hiscox To Move Contracts To Luxembourg Ahead of Brexit

    Bermuda-based insurer Hiscox Insurance Co. is preparing to shift its cross-border contracts out of the U.K. amid concerns that companies could be breaking the law if they pay out to millions of policyholders after Britain exits the European Union.

Expert Analysis

  • 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.

  • Financial Institutions Must Invest In FATCA Compliance

    Ashly Elmore Drew

    The deadline for foreign financial institutions to sign up with the U.S. Internal Revenue Service's Foreign Account Tax Compliance Act registration system came and went last month. While deregulatory and tax reform efforts in Washington could eventually change FATCA enforcement, for the time being, failure to be in compliance can have serious implications, say attorneys with Burr & Forman LLP.