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Insurance UK
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April 15, 2025
La. Parish Still Wants 5th Circ. To Remand Insurance Case
A Louisiana parish has again urged the Fifth Circuit to send its dispute over coverage for property damage caused by a pair of hurricanes back to district court, saying "everyone agrees" that the lower court made a procedural misstep that was subsequently wrongly appealed.
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April 15, 2025
UK Gender Pensions Gap Widening, PensionBee Finds
Male customers of PensionBee saved an average of £507 ($671) more in retirement plans than women did in 2024, according to figures published by the retirement savings provider.
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April 15, 2025
Schroders Tapped To Manage £2.1B Scottish Friendly Portfolio
Schroders said Tuesday it has been appointed to manage a £2.1 billion ($2.8 billion) portfolio by life insurance mutual company Scottish Friendly.
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April 15, 2025
Marine Insurers Cut Premiums Despite Claims Inflation
The marine insurance market could face losses if premiums continue to soften in the face of mounting claims inflation, a broker warned.
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April 15, 2025
Most Drivers 'Unsure' What To Do After Injuries From Crash
About two-thirds of drivers do not know what steps to take if someone is injured after a collision, insurance giant Aviva has said, while 45% are unsure what to do after a crash that damages property or another vehicle.
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April 15, 2025
DLA Piper Helps KKR Buy £100M Properties From L&G
U.S. private equity heavyweight KKR said on Tuesday that it has purchased a portfolio of three properties from British financial services group Legal & General for more than £100 million ($132 million).
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April 15, 2025
Freshfields-Led Insurtech Biz Raises $90M, Hits $2B Valuation
Marshmallow said Tuesday that it has raised $90 million from investors, including Portage and BlackRock, which values the British insurance startup at $2 billion and allows it to expand globally.
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April 14, 2025
Firm Owner, Consultant Sanctioned Over Misled Insurer
A London tribunal has sanctioned a law firm owner who knowingly allowed another lawyer to manage the firm's bank accounts in breach of the conditions of his practicing certificate.
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April 14, 2025
EU Council Greenlights Delay To Sustainability Rules
The Council of the European Union said on Monday that it has formally approved a proposal that will temporarily delay the implementation of two flagship sustainability directives across the bloc.
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April 14, 2025
Pensions Body Warns Of Risks Of AI Adoption
The U.K.'s tough regulatory environment will mean that artificial intelligence is unlikely to replace pension trustees in key decision-making roles anytime soon, a trade body said.
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April 14, 2025
Pension Trustees Warned To Plan Ahead In Dashboard Prep
U.K. pension plans have been warned to plan for bottlenecks in processing customer data as they prepare to meet deadlines for new government-backed online portals.
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April 14, 2025
Squire Patton Guides £120M Pensions Deal For Utilities Co.
Pensions insurer Just Group said on Monday that it has taken on £120 million ($158 million) in retirement savings liabilities from a plan sponsored by a U.K. water supplier, in a deal guided by Squire Patton Boggs.
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April 14, 2025
A&O Shearman-Led Ageas Inks £1.3B Deal For UK Insurer
Belgian insurer Ageas said Monday that it has reached an agreement with Bain Capital to buy Esure Group PLC, which provides motor and home cover, for £1.295 billion ($1.7 billion) as it moves to expand in the U.K. online market.
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April 11, 2025
FCA Warns Banks To Improve Bereavement Support
The Financial Conduct Authority warned banks and building societies on Friday to give better treatment to clients who experience bereavement or register a power of attorney.
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April 11, 2025
Court Affirms Nix Of £2M VAT Refund For Cars' Data Devices
The British Court of Appeal affirmed Friday that a company wasn't entitled to recoup £2 million ($2.6 million) in value-added tax charged on the installation of event-data-recording devices in cars.
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April 11, 2025
Teacher Loses Racial Bias, Harassment Claim
An employment tribunal has thrown out a teacher's claims that staff at a grammar school in southeast England discriminated and harassed her, putting an end to her case after she'd already had allegations that the head teacher committed insurance fraud to pay his solicitors tossed out.
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April 11, 2025
UK Urged To Reduce Gov't Interference In Pension Sector
The U.K. government should consider freeing pension providers to allocate the assets wherever they choose to maximize returns and boost the country's economic growth, an industry association has said.
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April 11, 2025
Hannover Re To Buy Swiss Re's Australian Insurance Portfolio
A Hannover Re unit has agreed to acquire the Australian direct life insurance portfolio of Swiss Re for an undisclosed amount following the Swiss reinsurer's decision to exit the loss-making business globally.
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April 11, 2025
Lessors Deny Jurisdiction Clause Breach In $10B Planes Case
A group of aircraft lessors have hit back at a counterclaim from insurers in a $10 billion dispute over payouts for planes stranded after Russia's invasion of Ukraine, arguing they haven't breached jurisdiction clauses with claims in England.
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April 11, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen law firm Michael Wilson & Partners reignite a 20-year dispute with a former director over an alleged plot to form a rival partnership, headphone maker Marshall Amplification sue a rival in the intellectual property court, and a commercial diving company pursue action against state-owned nuclear waste processor Sellafield. Here, Law360 looks at these and other new cases in the U.K.
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April 10, 2025
Watchdog Finds Trustees Failing To Assess Climate Risk
The Pensions Regulator warned Thursday that many trustees of smaller direct contribution pension schemes are failing to consider risk to investments from climate change and should consider quitting the market.
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April 10, 2025
Pensions Watchdog Adds 2 Finance Pros To Senior Staff
Britain's pension schemes regulator said Thursday that it has added two financial experts to senior positions "to help meet the challenges of the evolving and increasingly commercial pensions market."
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April 10, 2025
Goldman-Backed Broker Buys UK Rival Moore Robinson
Insurance intermediary Clear said Thursday that it has acquired Moore Robinson Ltd., a specialist property broker based in the City of London, as the group moves to strengthen its U.K. retail arm.
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April 10, 2025
Pensions Regulator's AI Tool Takes Aim At Criminals
The retirement savings watchdog has helped develop artificial intelligence technology to identify and remove websites that attempt to defraud people and steal their pension funds.
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April 10, 2025
FCA Boss Rathi Appointed To 2nd Term With Growth Focus
HM Treasury said Thursday that it has reappointed Nikhil Rathi as chief executive of the Financial Conduct Authority to continue its reform of the regulations to support economic growth.
Expert Analysis
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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.
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Opinion
Legal Prediction Is Demanding But Not Impossible
The New Jersey Supreme Court’s recent decision in Balducci v. Cige incorrectly concluded that predicting the length and cost of a case is nearly impossible, and overlooked artificial intelligence's ability to do so, says Joseph Avery with Claudius Legal Intelligence.
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Surefire Marketing Methods To Build Your Legal Practice
Attorneys who take the time and the risk to showcase their talents through speaking, writing and teaching will find that opportunities will begin building upon themselves, says Daniel Karon of Karon LLC.
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Mandatory Mediation May Lie Ahead For England And Wales
The U.K. Court of Appeals' decision in Lomax v. Lomax, among other recent developments, show significant judicial support for compulsory mediation of appropriate civil and commercial cases in England and Wales, say Margarita Michael and Grace Spurgeon of O'Melveny.
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Key Risks And Developments For UK Law Firm Culture In 2020
In 2020, law firms throughout the U.K. will be increasingly reshaped by rapid changes in societal expectations and advances in technology, say Helen Rowlands and Niya Phiri of Clyde & Co.
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Cos. Can Start Preparing Now For Immigration Beyond Brexit
Ahead of the U.K.'s likely departure from the European Union on Jan. 31, 2020, companies should use the one-year transition period to help workers understand any new registration requirements, evaluate budgetary concerns and expedite any employee relocations, say Julia Onslow-Cole and Charlotte Wills at Fragomen.
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#MeToo Pressure On UK Businesses Is Set To Rise
Recent declarations by the Financial Conduct Authority and Prudential Regulation Authority indicate that sexual harassment in the U.K.'s financial services industry may lead to consequences under the newly expanded Senior Managers and Certification Regime, and other sectors are facing growing scrutiny as well, say attorneys at Covington.
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Opinion
UK's Insurer Investigations May Not Help Policyholders
The U.K. Ministry of Justice's recent investigations into insurers suspected of not passing on savings to consumers suggests insurers may see consequences for their hollow promises, but only if the government follows through to hold insurers accountable, says Tom Jones of Thompsons Solicitors.
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The Outlook For Autonomous Vehicles In The UK And US
As both the U.K. and U.S. governments continue to develop regulatory frameworks for autonomous vehicles, manufacturers can take certain steps to avoid litigation and manage risk, say attorneys at FaegreBD.
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Brexit's Impact On London As A Top Int'l Arbitration Seat
Despite concerns that London may be considered a less attractive place to do business post-Brexit, there are many reasons to believe that the city will retain its position as a globally favored arbitral seat, say Adrian Jones and James Wagner at FaegreBD.
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Post-Brexit UK Likely To Conform With EU On Human Rights
In a recent speech, U.K. Foreign Secretary Dominic Raab stated his intent to expand sanctions for human rights violations by extending the so-called Magnitsky amendment, strongly indicating that Britain's exit from the EU would be unlikely to disrupt coordinated efforts to address international transgressions against human rights, says Stephen Baker at Baker & Partners.