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Insurance UK
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August 07, 2025
FCA Boosts Payment Safeguards To Protect Consumers' Cash
The Financial Conduct Authority published new rules on Thursday to protect consumers better when they use payment companies, strengthening its ability to intervene when they fail to safeguard clients' money.
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August 07, 2025
Insurer Warns Of Pause In Pension Deals Over Gov't Reforms
Many larger pension schemes have hit pause on plans to carry out insurance transactions while waiting on the government's plan for reforming the sector, an insurer warned Thursday, as it posted falling revenue from the first six months of the year.
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August 07, 2025
Banca Generali To Weigh €6.3B Takeover Bid By Rival Lender
Italian lender Generali has said it still needs to evaluate a takeover offer from investment bank Mediobanca to acquire it for an estimated €6.3 billion ($7.3 billion) in a deal expected to spur consolidation in the banking industry.
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August 06, 2025
Lloyd's Underwriter Bids To Revive Whitsleblowing Claim
A Lloyd's syndicate told an appeals tribunal Wednesday that an underwriter's attempt to revive a claim that he was sacked for whistleblowing about a supposedly fraudulent payment was an impermissible attempt to reargue the case.
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August 06, 2025
Greenwashing Scrutiny Grows Amid Rising ESG Demands
The increasing significance of environmental, social and governance considerations for businesses has led to a surge in companies overstating their green credentials, according to a report from Watson Farley & Williams LLP.
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August 06, 2025
Watchdog Returns £2.5M To Troubled Pension Scheme
The former owners of a packaging company have been forced to put a total of approximately £2.5 million ($3.3 million) into a staff pension scheme after enforcement action by the U.K.'s retirement savings watchdog, the body said Wednesday.
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August 06, 2025
FCA Targets Greenwashing With Simpler Climate Rules
The Financial Conduct Authority set out plans on Wednesday to simplify sustainability reporting to help reduce greenwashing as it responded to feedback from asset managers, life insurers and pension providers that climate disclosures are too complex.
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August 06, 2025
Insurer L&G Expects £42B Of Pensions Deals In 12 Months
Insurer Legal & General said Wednesday that it expects at least £42 billion ($56 billion) in transactions designed to reduce risk in U.K. pension plans over the next 12 months, amid surging demand from businesses.
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August 06, 2025
HSF Kramer Guides Marsh On £1.9B Pensions Mega-Deal
British insurer Standard Life said Wednesday that it has acquired £1.9 billion ($2.5 billion) in pension liabilities from broking giant Marsh McLennan, in a deal guided by Linklaters, HSF Kramer and Eversheds Sutherland.
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August 06, 2025
Hiscox Hikes Buyback To $275M To Reward Investors
Insurer Hiscox Ltd. said Wednesday that it plans to boost its current share buyback program worth up to $175 million by $100 million, saying it now has the flexibility to reward investors.
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August 05, 2025
City Body Urges FCA To Clarify AML Rules For Digital Assets
A City of London trade body has urged the Financial Conduct Authority to clarify in its future regulations for stablecoin issuers how anti-money laundering rules will apply for digital assets.
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August 05, 2025
Companies House To Roll Out Compulsory ID Verification
Companies House said Tuesday that from November this year it will require company directors to verify their identities, the latest move in the registrar's rollout of heightened powers to protect against fraud.
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August 05, 2025
AML Reforms Are Missed Opportunity, Law Society Says
The government's proposed updates to anti-money laundering regulations will do little to ease the compliance burden on law firms and are a "missed opportunity" to cut unnecessary rules, the body representing solicitors said on Tuesday.
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August 05, 2025
UK Insurance Co.'s 5th Deal Is With Essex Broker Buy
The Broker Investment Group has announced it bought a commercial insurance broker based in Essex, marking the fifth deal penned by the company this year.
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August 05, 2025
State Pension Gender Gap Almost Eliminated
Men and women retiring now receive largely the same amount of money from the state pension, according to official figures published Tuesday.
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August 05, 2025
Insurance M&A Market Rattled After PIB-Gallagher Deal Folds
The collapse of talks between insurance giant Gallagher and broker-investor PIB Group has unnerved investors amid a wider slowdown in the mergers and acquisitions market for the sector, a consultancy said Tuesday.
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August 05, 2025
CMS, Sackers Guide National Grid On £900M Pension Deal
The pension plan of National Grid has agreed to a £900 million ($1.2 billion) buy-in with Rothesay Life PLC, the insurer said Tuesday.
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August 05, 2025
WTW Explores Underwriting Benefits From Health Tech
Broker WTW said Tuesday that it has worked with a British health data analytics firm to explore how wearable health technology could improve the accuracy of insurance underwriting.
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August 04, 2025
Half Of Britons Clueless On Pension Investment Performance
More than half of U.K. pension savers do not know how their retirement pots are performing, Hargreaves Lansdown said Monday.
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August 04, 2025
Pensions Dashboards Could Ease UK Inheritance Tax 'Chaos'
The government could use new online retirement savings portals to ease the expected chaos around introducing inheritance tax on pension wealth, a professional services company said Monday.
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August 04, 2025
UK Insurance Tech Biz Weighs Takeover Bids As Profits Surge
British insurance technology company Cuvva confirmed Monday it has appointed advisers after receiving approaches regarding a potential takeover.
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August 04, 2025
Atrium Enters Weather Insurance With Brown & Brown Hire
Atrium Underwriting Group Ltd. said Monday it has joined the weather and climate insurance market with the launch of a specialist underwriting team headed by a new hire in the U.S.
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August 04, 2025
QBE Expands EU Operations With Netherlands Marine Cover
International insurer QBE has said it will now offer marine insurance in the Netherlands, marking further expansion by the company across the European Union.
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August 04, 2025
Insurers Warn Homeowners On Cover As Storm Floris Hits UK
U.K. insurers have urged homeowners to secure their roofing and review their coverage as an "unseasonably disruptive storm" hit northern Britain on Monday.
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August 01, 2025
Taxation With Representation: Skadden, Wachtell, Latham
In this week's Taxation With Representation, Union Pacific Corp. and Norfolk Southern Corp. announce megamerger plans, Palo Alto Networks acquires identity security company CyberArk, Brookfield buys British life insurer Just Group, and Duke Energy sells its Piedmont Natural Gas Tennessee local distribution business to Spire Inc.
Expert Analysis
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Guest Feature
Preet Bharara On The Human Factor In The Justice System
A key theme in Preet Bharara's new book is the enormous role the human element plays in the administration of justice. The former U.S. attorney for the Southern District of New York discussed this theme, among other topics, in a recent conversation with White and Williams attorney Randy Maniloff.
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Considering A More Cost-Effective Future For The SFO
In light of multiple recent examples of U.K. Serious Fraud Office investigations yielding far less than the agency may have hoped for, a new approach to prosecuting individuals and corporations may be a smart investment, says Azizur Rahman of Rahman Ravelli.
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Lessons From Carphone Warehouse's Partial FCA Settlement
In the first case decided under the U.K. Financial Conduct Authority's new partial settlement process, Carphone Warehouse demonstrates not only the possible value of cooperating with authorities but also the cost of failing to right previous wrongs, says Syedur Rahman of Rahman Ravelli Solicitors.
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Collective Redress In The EU: Past, Present And Future
Legislative processes harmonizing collective redress throughout the European Union have accelerated, leading to a proposed requirement that all member states establish collective action mechanisms, but some worry that the directive lacks sufficient guarantees against abusive litigation, say Philippe Métais and Elodie Valette of White & Case LLP.
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Lenders Score Major High Court Victory In Foreclosure Case
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.
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3 Brexit Scenarios And Their Implications For US-UK Trade
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.
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Frustrating Events: Are Your Contracts Brexit-Proof?
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.
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Simple Secrets For Writing A Killer Brief
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.
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What 2019 Has In Store For UK Data Protection
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.
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Opinion
Brexit International Arbitration Clause Is Misunderstood
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.
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The Lawyer's Daily
How To Requalify As A Lawyer In Canada
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.
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Legal Technology Is Likely To Flourish In The UK
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.
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Opinion
Legal Operations Teams Are Gaining Popularity In EU
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.
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Why Proper Document Redaction May Be An Ethical Duty
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.
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Why The Flood Of GDPR Litigation Has Been Delayed
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.