Insurance UK

  • July 28, 2025

    Investment Boss Told To Pay Back £170K From £37M Fraud

    A director of an ethical investment scheme imprisoned for defrauding investors out of £37 million ($50 million) was ordered by a court on Monday to pay back £170,000 or have two years added to his sentence.

  • July 28, 2025

    Veteran Banker Named Interim Chair Of Financial Ombudsman

    The City watchdog said Monday that it has appointed Liam Coleman as interim chair of the Financial Ombudsman Service, following a long career in banking and the public sector.

  • July 28, 2025

    Allianz Life Hack Attack Exposes Most Clients' Info

    Insurance giant Allianz has said that hackers have stolen personal data from most of its 1.4 million customers in America after cybercriminals hacked into a third-party system used by its U.S. subsidiary.

  • July 28, 2025

    Britons Fear Impact Of Inheritance Tax Change On Pensions

    Four out of 10 people in Britain are concerned about the government's decision to bring pensions within the scope of inheritance tax, according to a survey by a consultancy on Monday.

  • July 28, 2025

    European Reinsurer Fined £1.79M Over Post-Brexit Failings

    The Bank of England's regulatory arm said on Monday that it has fined the London branch of a Luxembourg-based reinsurer £1.79 million ($2.4 million) for failing to have adequate controls in place during Britain's exit from the European Union.

  • July 25, 2025

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

    This past week in London has seen the owner of a £6 million ($8 million) mansion once rented by Adele sue real estate consultants Strutt & Parker, Romanian-Australian mining investor Vasile Frank Timis bring a claim against reputation and privacy firm Schillings, and a Chinese businessman bring a legal action against his former lawyer over an alleged £12.5 million mortgage fraud.

  • July 25, 2025

    'Disconnect' Between Pension And Savings, Broadstone Says

    Britons aged between 40 and 75 who are yet to fully retire face a gap of more than £18,000 ($24,000) per year between their state pension and the income they hope to live on, actuarial consultant Broadstone said Friday.

  • July 25, 2025

    Commercial Insurer Competition Driving Drop In Global Rates

    The average price of commercial insurance across the globe fell by 4% between April and June, Marsh has said, marking the fourth consecutive quarterly decrease.

  • July 25, 2025

    Pharma Co. Sues Generali In £2M Alzheimer's Coverage Claim

    A pharmaceutical company has alleged that Italian insurance giant Generali Group wrongly refused to pay out as much as £1.96 million ($2.63 million) under an income protection policy after a senior employee became incapable of doing his job because of Alzheimer's disease.

  • July 25, 2025

    Pensions Watchdog Wants Dashboards Data Improvements

    Too many pension schemes do not have enough high quality, recent or digital data as the retirement savings industry edges towards the launch of the long-awaited dashboards programme, the top regulator has said.

  • July 25, 2025

    Gov't Warned That Pension Bill Excludes Investment Cos.

    A trade body for investment companies said Friday it had urged the government to amend the Pension Schemes Bill so that its power to require pensions to invest in private assets will allow this through investment companies.

  • July 25, 2025

    AXA Wins £675M Missold PPI Payout Fight With Santander

    AXA has won a £675 million ($907 million) battle with Santander to recover payouts for wrongly sold payment protection insurance as a London court ruled that the Spanish banking giant was liable for "systemic failings" in historical sales of the policy.

  • July 25, 2025

    MoD Official Named As New Companies House CEO

    Senior Ministry of Defence official Andy King has been appointed as chief executive of Britain's official business registrar as it seeks to toughen its stance on financial crime.

  • July 24, 2025

    Munich Re Can't Nix Private Equity Firm's $491M IPO Claim

    Munich Re Group failed Thursday to get a private equity firm's claim of approximately $491 million struck out, after a court found that it couldn't rule out the possibility that the German reinsurer had breached an agreement over the public listing of a U.S. company.

  • July 24, 2025

    Audit Watchdog Imposed £14.5M In Fines Last Year

    Britain's audit watchdog said Thursday it levied £14.5 million ($19.6 million) in fines across a 12-month period ending in March that also saw it wrap the majority of its investigations in a more timely way than ever before.

  • July 31, 2025

    DWF Hires 4 More From Kennedys To Boost Injury Practice

    DWF LLP said Thursday that it has recruited four partners from Kennedys Law LLP to bolster its major injury and casualty practice, the latest in a series of hires from the rival insurance specialist.

  • July 24, 2025

    Ireland Revamps Sweeping Insurance Reform Plan

    Ireland said Thursday that it would seek to further reform how personal injury claims are handled, as it unveiled an action plan to tackle the spiraling cost of insurance.

  • July 24, 2025

    CMS, Sackers Guide £40M Pension Deal For Engineering Body

    Pension Insurance Corp. said Thursday that it has completed a £40 million ($54 million) buy-in transaction to acquire the pensions of 200 members of the Mechanical Engineers Pension Scheme in a deal guided by CMS Cameron McKenna Nabarro Olswang LLP and Sackers.

  • July 24, 2025

    BoE Speeds Up Insurance Vehicle Approvals To Boost Growth

    The Bank of England put into force Thursday rules speeding up authorizations for a type of insurer known as special purpose vehicles, slashing related compulsory senior manager applications with immediate effect to boost U.K. growth.

  • July 24, 2025

    SFO Charges 6 With Fraud Over £75M Pension Investments

    The Serious Fraud Office charged six individuals with fraud and money laundering on Thursday over alleged misrepresentations made to investors who poured £75 million ($101 million) from their pensions into self-storage units.

  • July 24, 2025

    Lloyd's Grants Provisional Approval For South African Insurer

    Specialist insurance market Lloyd's of London has granted "in principle" the go-ahead for Santam to launch a syndicate in London, a move the South African company said will fast-track its international growth.

  • July 24, 2025

    Chesnara Raises £140M To Fund HSBC Life Buy

    British pensions company Chesnara PLC said Thursday that it has raised approximately £140 million ($190 million) to partly fund the £260 million acquisition of the specialist life protection and investment bond provider of banking giant HSBC.

  • July 24, 2025

    Pinsent Masons Guides £11M DAC Beachcroft Pension Deal

    DAC Beachcroft LLP's pension plan has agreed to an £11 million ($14.9 million) full scheme buy-in with insurance giant Aviva PLC, consultancy Broadstone said Thursday.

  • July 24, 2025

    Gov't Warned Over Risks From Captive Insurance Reform

    A light-touch capital regime for U.K. businesses that want to insure themselves could pose new systemic risks to the economy, a credit ratings agency has warned.

  • July 24, 2025

    Brown & Brown To Buy UK Racehorse Insurance Broker

    The European subsidiary of insurance broker Brown & Brown Inc. has agreed to acquire Weatherbys Hamilton LLP, a specialist U.K. broker that offers cover for farms, estates and racehorses.

Expert Analysis

  • Collective Redress In The EU: Past, Present And Future

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    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.

  • 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.

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