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Insurance UK
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August 13, 2025
UK Watchdog Proposes More Targeted Audit Supervision
The U.K.'s accounting watchdog proposed Wednesday a more targeted approach to supervising audits, backed by greater reliance on firms to take responsibility for a quality-orientated culture.
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August 13, 2025
Car Insurance Costs Ease, But Repair Bills Keep Claims High
The average price of car insurance in the U.K. has dropped by £60 ($81) compared with 2024, but high claims costs continue to challenge insurance companies, the Association of British Insurers said Wednesday.
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August 13, 2025
Gov't Urged To Tackle UK Self-Employed Pensions 'Crisis'
The government should allow HM Revenue and Customs and financial advisers to provide personalized "nudges" to self-employed workers to encourage retirement saving amid mounting concern that they are not putting enough money aside, a cross-party think tank has said.
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August 13, 2025
Squire Patton Steers £23M Pension Deal For UK Steelmaker
Reinforced-steel supplier Rom Ltd. has agreed a £23 million ($31 million) full pension scheme buy-in with Just Group, the financial services company said Wednesday.
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August 12, 2025
The Biggest UK White Collar Cases Of 2025: Midyear Report
James "Jes" Staley's ill-fated legal battle over his ties to Jeffrey Epstein, the first conviction secured by Britain's sanctions' enforcer and Tom Hayes' Supreme Court victory are just a few of the big cases from 2025.
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August 12, 2025
Exchanges Federation Seeks Tax Incentives Across Markets
A global association for exchanges and clearinghouses recommended Tuesday new tax boosts for companies listing shares on exchanges and for other investment-related activities across world markets, including London.
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August 12, 2025
Specialist Risk Group Acquires City Quarter Brokers
U.K. insurance intermediary Specialist Risk Group said Tuesday it has bought the London-based City Quarter, an international insurance and reinsurance broker, to bolster the group's growing wholesale platform.
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August 12, 2025
Geopolitical Volatility The 'New Normal' For Marine Insurance
Geopolitical instability is now a permanent feature of the shipping industry that marine insurers must get used to, a marine mutual insurer has said.
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August 12, 2025
Insurer Utmost Group's Assets Grow To £107B After Rival Buy
Utmost Group said Tuesday that its gross cash inflows increased to £5.3 billion ($7.1 billion) in the first half of 2025 after the British insurer completed the acquisition of rival Lombard International in December.
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August 12, 2025
Gov't Bodies Urged To Assess Insurance Accounting Changes
The government warned its divisions and public sector bodies on Tuesday to check what impact changes to an accounting standard for insurance contracts might have on their financial reporting.
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August 12, 2025
UK Subsidence Claims Hit £153M Amid Record Warm Spring
Insurers paid out £153 million ($206 million) in claims linked to subsidence in the first six months of 2025 after Britain experienced its warmest spring on record, according to data from the Association of British Insurers.
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August 11, 2025
Royal London Secures £1B In Pension Deals Since Launch
The Royal London Mutual Insurance Society Ltd. said it has secured at least £1 billion ($1.34 billion) in pension scheme liabilities since entering the de-risking market last year.
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August 11, 2025
7 Local Gov't Pension Funds To Join Border To Coast
Border to Coast Pensions Partnership said Monday that seven local government pension scheme funds that manage approximately £45 billion ($60.5 billion) plan to join the pool, as part of the wider plan to consolidate the U.K.'s retirement pot.
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August 11, 2025
Gov't To Tighten Appointed Reps Regime To Stop Misconduct
The U.K. government said Monday it will empower the Financial Conduct Authority to refuse firms permission to use appointed representatives, in a tightening of the regime to stop misconduct.
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August 11, 2025
Most Pension Savers Under 65 Tap Funds Early, Data Shows
Approximately 70% of the three million savers in Britain who withdrew money from their retirement pots after government reforms in 2015 did so before they reached state pension age, a retirement specialist said Monday.
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August 11, 2025
Addleshaw Helps PIC On £4.3B Rolls-Royce Pension Deal
Pension Insurance Corp. PLC said Monday that it has covered £4.3 billion ($5.8 billion) of pension liabilities for British aerospace and defense giant Rolls-Royce PLC to help streamline its business operations.
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August 08, 2025
Aon Unit Expands In UK With Insurance Specialist Acquisition
A subsidiary of global professional services firm Aon has acquired Bspoke Insurance Group Ltd. to expand its specialist insurance services in the U.K.
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August 08, 2025
Private Sector Pension Savings Hit Record £25.5B In 2024
Private sector employees in the U.K. contributed a record £25.5 billion ($34.3 billion) to their pension pots in 2024, a consultancy said on Friday.
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August 08, 2025
UK Insurers Face Pressure To Offer Green Products
Over 40% of business executives consider it very important to offer green insurance products or services, GlobalData has said in a study.
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August 08, 2025
FCA Woodford Ban Signals Risks Of Star Fund Managers
The decision by the financial watchdog to provisionally fine and ban former fund manager Neil Woodford has sent a lesson to companies across the finance sector that the star status of some senior managers is up for review in the City.
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August 08, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen the U.S. Securities and Exchange Commission target a British investor over a $10 million microcap fraud scheme, Merck Sharp & Dohme move against Halozyme Inc. following a recent clash over its patented cancer medicine, and Birmingham City Council sue a school minibus operator years after ending its contract over DBS check failures. Here, Law360 looks at these and other new claims in the U.K.
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August 08, 2025
Trade Body Warns Of Burden In Local Gov't Pension Reform
The government must consider the potential administrative burden of sweeping reforms to the U.K.'s £400 billion ($537 billion) municipal staff pension plan, a trade body has warned.
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August 07, 2025
Global Insured Losses Hit $80B In Record First Half Of Year
Insured losses from natural disasters reached around $80 billion in the first six months of 2025, reinsurance giant Swiss Re Group has said, marking the second-costliest start to a year ever.
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August 07, 2025
Civil Service Pension Administration At 'Risk Of Collapse'
The administration of pensions for around 1.7 million civil servants could grind to a halt over how the U.K. government has handled the transition to a new outsourced provider, a union warned Thursday.
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August 07, 2025
Global Funding For Insurance Tech Cos. Declines 16.7%
Global funding for insurance technology companies fell to nearly $1.1 billion between April and June, Gallagher Re said Thursday, marking a 16.7% dip from the previous three months.
Expert Analysis
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What A No-Deal Brexit Would Mean For Dispute Resolution
In the event of a no-deal Brexit, arbitration may become a more attractive option as a dispute resolution mechanism, as it offers relatively easy enforcement and clauses that could negate some uncertainty caused by Brexit, says Donna Goldsworthy of BDB Pitmans.
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The Problem — And Opportunity — Of Implicit Bias In The Bar
Law firms are beginning to recognize implicit bias as a problem. But too few recognize that it is also an opportunity to broaden our thinking and become better legal problem solvers, says Daniel Karon of Karon LLC.
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Roundup
Pursuing Wellness
In this Expert Analysis series, leaders at some of the law firms that committed to the American Bar Association's 2018 pledge to improve mental health and well-being in the legal industry explain how they put certain elements of the initiative into action.
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Series
Why I Became A Lawyer: Expanding The Meaning Of Diversity
My conservative, Catholic parents never skipped a beat when accepting that I was gay, and encouraged me to follow my dreams wherever they might lead. But I did not expect they would lead to the law, until I met an inspiring college professor, says James Holmes of Clyde & Co.
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2 Perspectives On Navigating The Litigation Funding Process
Paul Martenstyn of Vannin Capital and Daniel Spendlove of Signature Litigation share their top tips on how to get a case funded, drawing from their respective experience as a funder and a lawyer.
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Answers To Key Legal Finance Ethics Questions
While there is discussion in some quarters about new regulations on commercial legal finance, the hands-off approach taken by the majority of courts and legislatures is an implicit recognition that it is already sufficiently regulated, says Danielle Cutrona of Burford Capital.
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Competing Legal Factors Vex Insurance Arbitration Disputes
The Fifth Circuit ruled in May that international arbitration policy trumped state insurance law in McDonnel Group v. Great Lakes Insurance. But the courts have been inconsistent in applying conformity-to-statute clauses, the McCarran-Ferguson Act and a related U.S. treaty in the battle between federal preemption and state reverse preemption, says Gilbert Samberg at Mintz.
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Cannabis Investors Should Beware Money Laundering Risk
Even if marijuana-related businesses are in compliance with local laws, their investors are not free of legal risk so long as cannabis remains a controlled drug in other countries, such as the U.K., say Robert Dalling and Wade Thomson of Jenner & Block.
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Real-Life Lessons For Lawyers From 'Game Of Thrones'
What lessons can the various hands, maesters, council members and other advisers in "Game of Thrones" impart to real-life lawyers? Quite a few, if we assume that the Model Rules of Professional Conduct were adopted by the Seven Kingdoms, says Edward Reich of Dentons.
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UK Firms Should Be Prepared For Government Raids
Recent enforcement activity from the Financial Conduct Authority and other regulators highlight the penalties firms face for procedural breaches, and the value in ensuring that employees are well-equipped to handle unannounced inspections, say James Marshall and Sonja Hainsworth of Bryan Cave.
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Series
Why I Became A Lawyer: Completing The Journey Home
My mother's connection to her Native American heritage had a major influence on my career — my decision to enter the legal profession was driven by the desire to return to my tribal community and help it in any way I could, says Jason Hauter of Akin Gump.
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3 Insurance Issues Raised By The Notre Dame Cathedral Fire
The devastating Notre Dame Cathedral fire provides a rare opportunity to consider the many unique factors that owners and insurers must consider when insuring national treasures, say attorneys at Zelle.
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Where The Post-Libor Litigation Tsunami Will Hit
The permanent cessation of the Libor rate in 2021 will likely trigger a flood of litigation over many existing contracts that lack effective replacements. Marc Gottridge of Hogan Lovells identifies the types of products that may be most susceptible to disputes.
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Despite Decline In Cyberattacks, UK Cos. Should Stay Vigilant
The U.K. Department for Digital, Culture, Media and Sport's latest cybersecurity survey shows that U.K. cyberattacks have decreased in the last 12 months, likely thanks in part to the General Data Protection Regulation. But companies' cybersecurity efforts should continue to evolve, say experts at PriceWaterhouseCoopers.
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UK Antitrust Watchdog Proposals Would Bolster Enforcement
The U.K. Competition and Markets Authority's proposals for reshaping competition enforcement and consumer protection would shift the historical balance in U.K. competition policy, increasing regulatory burden on companies while weakening judicial scrutiny of CMA actions, says Bill Batchelor of Skadden.