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Insurance UK
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August 01, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen several telco giants hit with a trademark claim, a collapsed hotel company sue a property investor in an ongoing dispute over a decades-old hotel sale, and two litigation funders square off against each other.
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August 01, 2025
Allianz, BlackRock Close €3.5B Buy Of Insurer Viridium
A consortium that includes German insurer Allianz and BlackRock Inc. said Friday that it has completed the acquisition of European life insurance consolidator Viridium Group from private equity firm Cinven Group Ltd. for €3.5 billion ($4 billion).
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August 01, 2025
Ogilvy & Wachtel-Led Investors Oppose Hedge Fund Merger
A group of investors in Third Point told fellow shareholders in the hedge fund on Friday that the proposed merger with Malibu Life Reinsurance will establish "a dangerous precedent for the U.K. stock market" of not safeguarding interests of the minority.
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August 01, 2025
Clifford Chance Helps AXA Buy 51% Stake In Prima For €500M
AXA SA said Friday that it will take a majority holding in Italy's Prima for €500 million ($570 million), with the option to buy out the remainder of the insurance technology company.
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July 31, 2025
Yahoo Says Chubb Unit Must Cover Potential EU Privacy Fines
Yahoo says a Chubb subsidiary is obligated to cover regulatory fines that might be leveled against one of the tech company's subsidiaries for violating the European Union's data privacy law, but the insurer has refused to honor the policy, according to a lawsuit filed this week in Delaware.
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July 31, 2025
Lloyd's, Loan Provider Settle $3M Pitcher Coverage Feud
Lloyd's of London underwriters and loan service provider RockFence Baseball LLC have settled their dispute over coverage for the $3.16 million loan of a former Minnesota Twins pitcher, after a California federal judge ordered the parties into arbitration in January 2024.
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July 31, 2025
Pensions Ombudsman Says Caseload Is Outpacing Funding
The Pensions Ombudsman said that its funding has failed to keep pace with the rising caseload of complaints, forcing it to look at artificial intelligence to help reduce waiting times.
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July 31, 2025
Tax Breaks On Pension Contributions Rise to £52.1B
The total cost of pensions tax breaks has risen by £2.4 billion ($3.2 billion), government figures revealed Thursday, amid speculation about a raid by HM Treasury in the next Budget.
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July 31, 2025
Squire Patton-Led JTC To Buy Swiss Bank Unit For £20M
JTC PLC said Thursday it plans to acquire a finance services company that caters to ultra-rich clients from Swiss private bank Union Bancaire Privée SA for £20 million ($26.5 million), as the Jersey-based fund administrator seeks to increase its global presence.
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July 31, 2025
A&O Shearman Guides Brookfield On £2.4B Just Group Buy
Investment giant Brookfield said Thursday that it plans to buy Just Group, a British life insurer, for £2.4 billion ($3.2 billion) in a deal steered by A&O Shearman and Slaughter and May.
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July 30, 2025
Insurers Lose Bid To Avoid $37M Ship Detention Payout
A group of insurers on Wednesday lost their bid to escape paying out $37 million to the owners of a cargo ship detained by the Indonesian navy, with a London appeals court ruling that the detention was not excluded from cover.
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July 30, 2025
Sainsbury's Bank Partners With Allianz For Insurance Policies
Insurance giant Allianz UK said Wednesday that it has penned a deal to offer replacement home and motor insurance policies to Sainsbury's Bank customers as their current cover expires.
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July 30, 2025
UK Gov't Forced To Repay £48.7M In Pension Overtaxation
The government has had to hand back £48.7 million ($64.7 million) in the past three months to Britons who paid too much tax when tapping into their pension savings, figures revealed Wednesday, as experts say a fix for the long-running tax provision so far has shown little effect.
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July 30, 2025
Property Insurance Payouts Rise To £1.6B In 3 Months
A trade body for British insurers has said the sector paid out £1.6 billion ($2.1 billion) in property claims between April and June, driven largely by adverse weather conditions in the U.K.
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July 30, 2025
Insurance Broker Aon Warns Of Looming Market Shift
Aon said Wednesday that looming threats to the global economy from further geopolitical instability and major cyberattacks could soon mean a major shift in the underwriting market.
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July 30, 2025
Allianz Settles £9M Structural Dispute With Housing Trust
Insurance giant Allianz and a London-based social housing provider have agreed to a settlement in a £9 million ($12 million) row over the cost of fixing a range of structural defects in a property in London.
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July 30, 2025
Looser SMCR May Leave Banks More Open To Fraud Charges
The Financial Conduct Authority's proposed partial relaxation of the approval process under its senior managers regime as the U.K. pushes for deregulation could leave companies more exposed to fraud prosecution as the failure to prevent fraud offense goes live in September.
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July 29, 2025
Bridgehaven Buys Irish Insurer To Enter EU Market
British insurance company Bridgehaven said it is poised to enter the European market after penning an agreement to buy the Irish insurer SureStone Insurance DAC.
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July 29, 2025
Tech Co. Accuses Seller Of Hiding Issues Ahead Of £20M Deal
A group of companies owned by an American technology and security conglomerate has sued the former owner of a company it acquired for more than £20 million ($26.6 million), accusing him of concealing a raft of problems with the business.
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July 29, 2025
Global Insurance M&A Drops To Lowest Level Since 2008
Geopolitical instability, persistent inflation and high interest rates have all contributed to a cautious global insurance market, with mergers and acquisitions activity during the first half of 2025 falling to its lowest since the 2008 financial crisis, according to a new report.
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July 29, 2025
EU Watchdog Finds Failings In AML Defenses At Crypto-Firms
The banking watchdog of the European Union has warned that many crypto-asset companies lack effective anti-money laundering systems, reporting that abuse of services in the sector for financial crime is a major concern.
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July 29, 2025
Kirkland Guides Bridgepoint On German Broker Majority Stake
U.K. private equity firm Bridgepoint said Tuesday that it has penned a deal to acquire a majority stake in German insurance broker Hanseatic Broking Center, in a deal steered by Kirkland & Ellis LLP and Sidley Austin LLP.
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July 29, 2025
Osborne Clarke Guides £37M Pension Deal For Heart Charity
The British Heart Foundation's pension plan has agreed to a £37 million ($49.4 million) full scheme buy-in with mutual life insurer Royal London, consultancy Broadstone said Tuesday.
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July 28, 2025
FCA Flags AI Risks In Benchmark Administrators' Controls
The City watchdog warned Monday that administrators of companies that set benchmarks lack consistency in how they manage data, saying there was inadequate evidence that their controls are evolving to cover risks from new technology such as AI.
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July 28, 2025
IMF Warns Of 'Difficult Decisions' On UK Pension Triple Lock
The U.K. could be forced to rethink how it sets the state pension every year as it seeks to rein in spiraling public spending, the International Monetary Fund has warned.
Expert Analysis
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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.
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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.