Insurance UK

  • February 20, 2025

    FCA Explains Deleted Emails Plan As Modernization Move

    The Financial Conduct Authority has said its plan to delete staff emails after a year is designed to modernize how it manages its records, amid criticism that the proposals undermined transparency at the regulator.

  • February 20, 2025

    Zurich Expects To Cough Up $200M For LA Wildfire Claims

    Insurance giant Zurich said Thursday it expects to take a $200 million hit from the fires that swept Los Angeles in January, in which approximately 30 people were killed and more than 18,000 structures were destroyed or damaged.

  • February 20, 2025

    Third Of Pension Professionals Uncertain About Gov't Policy

    Approximately one in three pension professionals is unclear about the government's priorities for the sector, research by a specialist law firm has suggested, with particular uncertainty over proposals to apply tax to wealth passed on through retirement savings plans.

  • February 20, 2025

    Lloyds Sets Aside £700M For Motor Finance Probe Costs

    Lloyds said Thursday that it has set aside an additional £700 million ($880 million) to cover potential costs arising from a Financial Conduct Authority investigation into "secret" agreements on motor finance commissions and a related appeal at the top U.K. court.

  • February 19, 2025

    UK Home Insurance Premiums Rise Said To Be 'Slowing'

    Home insurance premiums increased 14% year-on-year from October to December, a price comparison site has said, but the period saw a "slowing" growth rate compared to the three months before that.

  • February 19, 2025

    Axiom Predecessor Settles COVID Coverage Fight With Aviva

    A law firm that became part of now-collapsed Axiom Ince has settled its claim with Aviva in a dispute over its business interruption insurance policy that erupted in the wake of national lockdowns imposed during the COVID-19 pandemic.

  • February 19, 2025

    FCA Calls For Probe Into Digital Wallet Competition Issues

    The Financial Conduct Authority and the Payment Systems Regulator on Wednesday urged the U.K. competition watchdog to investigate competition concerns for digital wallets because of market dominance by big tech groups like Apple and Google.

  • February 19, 2025

    Marsh McLennan Unit Buys Global Asset Management Firm

    Insurance giant Marsh McLennan has acquired institutional investment adviser Secor Asset Management, as it aims to further bolster its consulting business.

  • February 19, 2025

    UK Eyes One-Day Securities Settlements To Boost Growth

    HM Treasury said Wednesday that the chancellor has met senior representatives from the investment banking and asset management sectors to hone the government's growth strategy as the ministry supports the move ahead to one-day securities settlement.

  • February 19, 2025

    Zurich-Backed Cyber-Insurer Cowbell Joins ABI Trade Group

    A cyber-cover provider backed by Swiss insurance giant Zurich has joined the Association of British Insurers, according to an announcement made by the trade body.

  • February 18, 2025

    Pensions Pro Loses Whistleblowing Claim Amid Merger Spat

    An employment tribunal has ruled that the head of a financial planning firm did not fire her business partner for blowing the whistle on legal breaches but rather because she stopped doing her job.

  • February 18, 2025

    Quarter Of UK Cos. Hit By Civil Unrest In 2024, Broker Says

    More than one in four U.K. businesses were impacted by civil unrest in 2024, broker Gallagher said Tuesday, with similar numbers reportedly reviewing their insurance to ensure they are covered in the event of future damage or disruption.

  • February 18, 2025

    EU Watchdog To Set Knowledge Standard For Crypto Advisers

    The European Union's financial markets regulator has proposed guidelines setting minimum knowledge standards for advisers and information providers at crypto-asset service providers.

  • February 18, 2025

    Lifeboat Fund Pays £38M On Defunct Pension Biz Rowanmoor

    The U.K.'s financial lifeboat scheme said Tuesday it has so far paid out £38 million ($48 million) in claims over pension provider Rowanmoor Personal Pensions Ltd., more than a year on from the company's collapse.

  • February 18, 2025

    E-Scooters Blamed For Rise In Uninsured Child Drivers

    Almost 800 children have been caught driving or riding without insurance in the past four years, data published by a U.K. road safety charity shows, with the rise in private electronic scooters said to be behind the surge in numbers.

  • February 18, 2025

    Morton Guides £1.5M Pension Deal For Accounting Firm

    An accountancy firm has passed £1.5 million ($1.9 million) of its pension liabilities to Just Group, the insurer said Tuesday, in a deal advised by Morton Fraser MacRoberts LLP.

  • February 18, 2025

    Property Co. Assura Says £1.6B KKR Bid Undervalues Biz

    The board of property manager Assura PLC said Tuesday that a £1.6 billion ($2 billion) possible offer tabled by U.S. private equity firm KKR "materially undervalued the company and its prospects."

  • February 17, 2025

    Pensions Watchdog To Go Further On Prudential Oversight

    The retirement savings watchdog said Monday it will go further this year on managing risks affecting the wider pensions market and financial ecosystem, after announcing last year it would take on a more "prudential" approach to supervising the sector.

  • February 17, 2025

    Theater Co. Settles Ceiling Collapse Claim With Consultant

    A London theater company has reached a settlement in its claim against a project manager for damages and losses caused by the collapse of a ceiling during a West End performance of Arthur Miller's play "Death of a Salesman."

  • February 17, 2025

    Insurers Warn Gov't Over Tax Hikes After £11.7B Claims Paid

    Insurers paid out a record £11.7 billion ($14.8 billion) in motor claims in 2024, a trade body said Monday after it warned the government against hiking taxes on the sector.

  • February 17, 2025

    Growth In UK Insurance Premiums Expected To Slow, EY Says

    Insurance premium growth in Britain is expected to stabilize this year amid falling costs, a consultancy said on Monday, as it warned of potential storm clouds on the horizon caused by "geopolitical" developments.

  • February 17, 2025

    Shoosmiths Steers £16M Pension Deal For Manufacturing Co.

    Insurer Just Group said on Monday that it has taken on £16 million ($20.2 million) of liabilities in a retirement scheme from a pension plan sponsored by industrial machinery manufacturer Deutz AG, in a deal guided by Shoosmiths.

  • February 17, 2025

    UK Healthcare Property Biz Assura Rejects £1.6B KKR Bid

    Primary care property developer Assura PLC has snubbed a £1.6 billion ($2 billion) proposed takeover approach from KKR and a U.K. pensions provider, the U.S. private equity firm said on Monday.

  • February 14, 2025

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

    This past week in London has seen Spice Girls star Mel B's ex-husband bring a defamation claim against the publisher of The Sun, a hotel sue a former director convicted of embezzling its funds for breach of fiduciary duty, and comedian Russell Brand face a sexual abuse claim. Here, Law360 looks at these and other new claims in the U.K.

  • February 14, 2025

    Zurich Has Key Defense Trimmed In Dental Spa Fire Claim

    A London court has ruled that the company operating a dental practice in Leeds did not misrepresent itself in a policy with Zurich, and the insurer cannot claim it withheld insolvency-related information to deny cover for losses stemming from a fire.

Expert Analysis

  • Lenders Score Major High Court Victory In Foreclosure Case

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    The U.S. Supreme Court's unanimous ruling on Wednesday in Obduskey v. McCarthy & Holthus LLP removes nearly all activities taken by creditors seeking nonjudicial foreclosure of liens and mortgages from the ambit of the Fair Debt Collection Practices Act, says John Baxter of Nelson Mullins Riley & Scarborough LLP.

  • 3 Brexit Scenarios And Their Implications For US-UK Trade

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    Brexit negotiations are likely to result in one of three scenarios later this month: a Brexit deal, no Brexit at all or a "hard" no-deal Brexit. Each possibility will have different implications for the prospects of a U.S.-U.K. free trade agreement, says Dean Pinkert of Hughes Hubbard & Reed LLP.

  • Frustrating Events: Are Your Contracts Brexit-Proof?

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    In Canary Wharf v. European Medicines Agency, the U.K. High Court recently ruled that the U.K.'s withdrawal from the European Union will not discharge the EMA's lease obligations. Following Brexit, most similar arguments invoking force majeure or frustration are unlikely to succeed, say Rebecca Dipple and Wayne Hofer of Orrick Herrington & Sutcliffe LLP.

  • Simple Secrets For Writing A Killer Brief

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    These days, the legal profession offers meager opportunity for oral argument, so we need to focus on being better, brighter, tighter writers. And the key to writing a better brief is grabbing your judge's attention with a persuasive, well-crafted story, says Daniel Karon of Karon LLC.

  • What 2019 Has In Store For UK Data Protection

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    Many of the big data protection compliance themes of 2018 will continue on this year, including even General Data Protection Regulation preparation, but the possibility of a no-deal Brexit may complicate matters, says Stewart Room of PwC LLP.

  • Opinion

    Brexit International Arbitration Clause Is Misunderstood

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    Much of the criticism aimed at the international arbitration clause in the recent Brexit withdrawal agreement unfairly identifies a perceived lack of transparency and appears to be based on a lack of understanding about the process, says Margarita Michael of O'Melveny & Myers LLP.

  • The Lawyer's Daily

    How To Requalify As A Lawyer In Canada

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    Becoming a lawyer in Canada is a challenging experience for foreign qualified lawyers. In addition to the bar exam, hurdles include obtaining certification from the National Committee on Accreditation, and complications from moving to Canada halfway through the process, says Kyle Abrey, in-house counsel at the Royal Bank of Canada.

  • Legal Technology Is Likely To Flourish In The UK

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    The U.K. may soon surpass the U.S. in legal technology, thanks to regulatory reform, law firm investment and an entrepreneurial environment, says Bridget Deiters of InCloudCounsel.

  • Opinion

    Legal Operations Teams Are Gaining Popularity In EU

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    As the European and global economies continue to change, any legal department that does not want to get outflanked by faster, more agile competitors should consider the value that legal operations teams have to offer, says Hans Albers, president of the Association of Corporate Counsel Europe.

  • Why Proper Document Redaction May Be An Ethical Duty

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    Paul Manafort's attorneys recently filed a court document containing incompletely redacted information, highlighting the need for attorneys to become competent at redaction — or at least at verifying that redaction has been performed correctly. Failure to do either could be construed as legal malpractice, says Byeongsook Seo of Snell & Wilmer LLP.

  • Why The Flood Of GDPR Litigation Has Been Delayed

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    Eight months into the General Data Protection Regulation regime, we have not yet seen the expected deluge of U.K. class actions, but be warned — the floodgates will not remain closed, says Bryony Hurst of Bird & Bird LLP.

  • Opinion

    Law Schools Should Be More Like Medical Centers

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    Medical centers and their faculty matter to the practice of medicine. Law schools and their faculty do not matter to the practice of law, says J.B. Heaton of J.B. Heaton PC.

  • Opinion

    Courts Are Getting It Right On Litigation Funding Discovery

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    Earlier this month, a California federal court denied discovery into the identification of third-party funders with a financial interest in the outcome of an underlying patent infringement action. This decision in MLC v. Micron follows a long line of well-reasoned precedent across U.S. federal courts, say Matthew Harrison and Sarah Jacobson of Bentham IMF.

  • Worldwide Freezing Orders Can Backfire Without Proper Care

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    Worldwide freezing orders, which preserve a respondent's assets until the outcome of the substantive case, are an important weapon in the arsenal of a commercial litigant. However, as FSDEA v. Dos Santos demonstrates, courts lay heavy obligations upon WFO applicants, says Nicola McKinney of Grosvenor Law Ltd.

  • UK Litigation And Guidance Highlight Cybersecurity Risk

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    Recent developments in the United Kingdom emphasize the importance of companies implementing cybersecurity measures proactively both to prevent incidents and to argue in mitigation when, not if, the company does suffer a data breach, say Guillermo Christensen of Ice Miller LLP and Anupreet Amole of Brown Rudnick LLP.

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