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Insurance UK
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September 29, 2025
EU Council Reinstates Sanctions Over Iran's Nuclear Activities
The European Union said on Monday that it will reimpose sanctions on Iran, following the lead of the United Nations, which brought back restrictions over concerns that the Middle Eastern country had breached a commitment to halt its nuclear weapons development.
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September 29, 2025
Most Investors Fear Greenwashing In ESG Investments
A financial services trade body said Monday it has discovered that most private investors are concerned about greenwashing in investments and even more prioritize performance over sustainability.
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September 29, 2025
Fund Managers Push EU Watchdog To End Double Reporting
A trade body for European fund managers urged Europe's markets watchdog on Monday to remove dual-sided reporting of derivatives and loans in its planned simplification of reporting on financial transactions.
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September 29, 2025
Marsh Sells Ireland Personal Lines Business To Cornmarket
Insurance giant Marsh McLennan has sold its Ireland personal lines insurance business to Cornmarket, the Belfast-based broker has said.
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September 29, 2025
Investment Biz Helios To Return £7.3M To Shareholders
Helios Underwriting PLC said Monday that it plans to launch a share buyback worth up to approximately £7.3 million ($9.8 million) as the insurance industry investment vehicle noted the strong performance of the Lloyd's specialist market.
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September 26, 2025
FCA Proposes Rule Changes To Allow Targeted Support
The Financial Conduct Authority proposed rule changes Friday to align its proposed "targeted support" with existing rules, including senior manager accountability.
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September 26, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Sanjeev Gupta’s Liberty OneSteel sue its collapsed former lender Greensill Capital, television personality Janice Dickinson hit ITV with a personal injury claim after falling over while appearing on “I’m a Celeb …”, and energy investor Blasket bring fresh litigation against Spain amid a row over a $416 million arbitration award. Here, Law360 looks at these and other new claims in the U.K.
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September 26, 2025
Report Urges Pension Reform To Boost UK Equity Investment
U.K. pension funds' retreat from domestic stocks is undermining the country's economy, but reforms could channel up to £100 billion ($134 billion) into the stock market by the end of the decade, a report has claimed.
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September 26, 2025
FCA Warns Public About Unregulated High-Risk Investments
Britain's financial regulator on Friday warned the public against investing in high-risk schemes being offered by unregulated firms without truly weighing the risks.
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September 26, 2025
Formula 1 Bosses To Tackle Rising Motorsport Insurance Cost
The world governing body of Formula 1 has formed a task force to assess the reasons behind the soaring insurance costs associated with motor sport.
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September 26, 2025
UK-Bermuda Target Sanctions Evasion With £300K New Funds
The U.K.'s minister of state for the overseas territories has pledged up to £300,000 ($402,000) this financial year to bolster the sanctions capacity of Bermuda, a self-governing territory that has so far frozen over $200 million in assets.
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September 25, 2025
Gov't Warns Of Tax Hit From Pre-Budget Pension Withdrawals
British pension savers that pull cash out of their retirement pots due to pre-Budget jitters will eat into a portion of their tax-free allowance, even if they later change their mind and cancel the withdrawal, the government confirmed Thursday.
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September 25, 2025
Oakley Capital Launches Euro Insurance Services Platform
Private equity company Oakley Capital said Thursday it has launched an insurance services platform to consolidate companies in southern Europe.
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September 25, 2025
EU Leans On 11 Countries To Implement New AML Rules
The European Commission said Thursday that it is taking the first step toward legal action against 11 European Union countries over their failure to meet a deadline to start implementing new anti-money laundering rules.
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September 25, 2025
Linklaters Guides BP Scheme On £1.6B Pension Mega Deal
Energy giant BP has offloaded £1.6 billion ($2.1 billion) of its pension liabilities to Legal & General Assurance Society Ltd., the insurer said Thursday, in a deal guided by Linklaters LLP, Macfarlanes LLP and DLA Piper.
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September 25, 2025
Trade Body Urges Patience On Canada-Style Pension Reform
The U.K. must be patient and allow time for plans to consolidate public sector pension arrangements rather than rush to emulate a Canadian model for retirement savings, Pensions UK has said.
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September 24, 2025
Chubb Blames Reinsurers For $5.7M Aircraft Loss Bill
Chubb has urged the High Court to force a group of war risk reinsurers to cover the $5.7 million it owes to aircraft lessors, arguing that the reinsurers are liable under a landmark court order determining the fate of planes stranded in Russia.
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September 24, 2025
Ransomware Gangs Shift Focus To Small Biz, Insurer Warns
Insurers have seen a sharp decline in payouts from cyberattacks in the first half of the year, as hackers turn their attentions on smaller, more vulnerable businesses, Allianz said Wednesday.
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September 24, 2025
FCA Faces Legal Challenge Over Bond Data Contract Award
The Financial Conduct Authority said Wednesday that it has received a legal challenge to its decision to award a contract for the bond consolidated tape provider, delaying the regulator's contract with the successful bidder.
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September 24, 2025
Ship Co. Seeks $5M Payout For Vessel Hit By Houthi Rockets
A shipping company has told a London court that its insurer can't avoid a $5 million payout to cover a vessel that was sunk by Yemen-based Houthi rebels, arguing the attack did not fall under a war exemption.
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September 24, 2025
'Muted' Start For Pension Deals As Market Falls To £9.8B
The value of pension transactions in the first half of the year fell by around 41% compared to the same period last year, a consultancy said Wednesday, describing it as a "muted" start for the normally busy bulk annuity market.
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September 24, 2025
Gowling Guides Trustees On £160M Portakabin Pension Deal
U.K.-based modular building provider Portakabin Ltd. has completed a £160 million ($215.5 million) full-scheme buy-in of its pension plan with Aviva PLC, the insurance giant said Wednesday.
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September 24, 2025
Tokio Marine Updates Cyber-Products Amid Evolving Threat
Global insurer Tokio Marine Kiln said it has expanded the range of cyber-insurance products it offers to meet what it called the evolving threat of digital criminals.
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September 23, 2025
UK Pension Deal Market Set To Top £40B For Third Year
The U.K. pension insurance market is set for another record year, with transaction numbers expected to hit 350 and total buy-in and buy-out volumes forecast to exceed £40 billion ($54 billion), consultancy Lane Clark & Peacock said Tuesday.
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September 23, 2025
CORRECTED: DWF Expands Injury Practice With 28 Hires From Kennedys
DWF LLP said Tuesday that it has taken on 29 new recruits in London and Leeds to strengthen its major injury and casualty practice, with almost the entire intake joining from Kennedys Law LLP.
Expert Analysis
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Post-Pandemic Litigation To Expect In England And Wales
Globally, we are already starting to see insolvency-related claims and a number of insurance, breach of contract, employment and securities class actions across numerous sectors. These and other claims will likely increase for U.K. businesses, say Tracey Dovaston and Fiona Huntriss at Boies Schiller.
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UK Lawyers Can Adapt Due Diligence To Screen New Clients
As COVID-19-related fraud gains pace, U.K.-based practitioners should help combat money laundering by using alternative methods to verify that new clients are who they say they are, says Christopher Convey, a barrister at 33 Chancery Lane and chair of the Bar Council's Money Laundering Working Group.
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A UK Business View Of COVID-19's Economic Fallout
Covington attorneys Alex Leitch and Harry Denlegh-Maxwell provide a bird's-eye view of how U.K. businesses will navigate the legal and economic aftermath of the pandemic, including discussion of where litigation funding, class actions, insurance disputes and force majeure fit it.
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Remote Depositions Bring Ethics Considerations For Lawyers
Utilizing virtual litigation technologies and participating in remote depositions require attorneys to beware of inadvertently violating their ethical obligations, including the principal duty to provide competent representation, say attorneys at Troutman Sanders.
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Time For Presumptive Virtual Mediation In The UK
While the COVID-19 outbreak is a real-time test of the U.K. justice system’s adaptability and innovation, it is also an opportunity to deliver alternative dispute resolution through virtual technology — and there are two ways in which this could be achieved, says Suzanne Rab at Serle Court.
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UK 'Property' Classification Boosts Confidence In Bitcoin
In AA v. Persons Unknown, the English High Court classified bitcoins as property that can be the subject of proprietary injunctions, indicating the slow but growing acceptance of virtual currencies within the U.K., say Steven De Lara and Colin Grech at Signature Litigation.
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3 EU And UK Data Protection Tips During COVID-19
Though EU and U.K. data protection laws should not impede the fight against COVID-19, companies must continue to protect individuals' data, and the challenges of managing a remote workforce and the desire for information about the virus’s impact have significant implications for that responsibility, say attorneys at Debevoise.
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Novolex Case Brings Lessons On R&W Insurance
A New York state court dispute between Novolex and a few of its insurers concerning coverage under a representations and warranties policy for a $267 million loss offers a rare glimpse into how a court might interpret acquisition agreements and insurance policy provisions, say attorneys at Hunton.
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How Proposed EU Class Action Directive Could Affect Insurers
Insurers should beware the explosive potential of the EU's proposed directive providing for cross-border class actions and third-party funding for such actions, although it also bears strict requirements that will limit the number of cases, say Emmanuèle Lutfalla and Simon Fitzpatrick at Signature Litigation.
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COVID-19 Insurance Considerations For UK Cos.
Though a new U.K. regulation recently made it easier for businesses to claim losses related to COVID-19, potential points of contention when seeking insurance coverage include whether the government ordered the business to close and whether an outbreak occurred at the premises, say attorneys at Covington.
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UK Group Data Breach Claims Pose Big Financial Risks
Recent English court decisions appear to make it easier for data breach victims to bring collective actions, and consequently companies may find they are liable for huge sums in addition to fines under the General Data Protection Regulation, say attorneys at Morrison & Foerster.
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A Crucial Chance For UK Supreme Court To Clarify Arbitrator Bias
In Halliburton v. Chubb, the U.K. Supreme Court has an opportunity to tackle uncomfortable questions and support confidence in London's arbitration sector by policing effectively against bias and impartiality when arbitrators are involved in multiple tribunals, says Rosie Wild at Cooke Young.
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Rebuttal
Legal Industry Should Pursue AI Prediction Progress
As part of the debate prompted by my recent Law360 guest article on legal prediction using artificial intelligence, I would like to unpack four issues and suggest that attorneys and technologists continue to tackle the problems presently within reach, says Joseph Avery at Claudius Legal Intelligence.
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Rebuttal
AI Can't Accurately Predict Case Length And Cost — Yet
A recent Law360 guest article argued that artificial intelligence can precisely estimate the length and cost of a new case, but several limitations will likely delay truly accurate predictions for years to come, says Andrew Russell at Shaw Keller.
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What To Expect During The Brexit Transition Period
While all formal ratification procedures for the U.K.'s departure from the European Union have been completed, the transitional period will bring an enormous range of trade, customs and regulatory issues, say attorneys at Mayer Brown.