Insurance UK

  • February 20, 2025

    Pensions Watchdog Shakes Up Oversight Of Largest Schemes

    The Pensions Regulator said Thursday that it would change the way it regulates the largest defined contribution retirement plans, as the watchdog shifts its focus to a more prudential role.

  • February 20, 2025

    FCA Explains Deleted Emails Plan As Modernization Move

    The Financial Conduct Authority has said its plan to delete staff emails after a year is designed to modernize how it manages its records, amid criticism that the proposals undermined transparency at the regulator.

  • February 20, 2025

    Zurich Expects To Cough Up $200M For LA Wildfire Claims

    Insurance giant Zurich said Thursday it expects to take a $200 million hit from the fires that swept Los Angeles in January, in which approximately 30 people were killed and more than 18,000 structures were destroyed or damaged.

  • February 20, 2025

    Third Of Pension Professionals Uncertain About Gov't Policy

    Approximately one in three pension professionals is unclear about the government's priorities for the sector, research by a specialist law firm has suggested, with particular uncertainty over proposals to apply tax to wealth passed on through retirement savings plans.

  • February 20, 2025

    Lloyds Sets Aside £700M For Motor Finance Probe Costs

    Lloyds said Thursday that it has set aside an additional £700 million ($880 million) to cover potential costs arising from a Financial Conduct Authority investigation into "secret" agreements on motor finance commissions and a related appeal at the top U.K. court.

  • February 19, 2025

    UK Home Insurance Premiums Rise Said To Be 'Slowing'

    Home insurance premiums increased 14% year-on-year from October to December, a price comparison site has said, but the period saw a "slowing" growth rate compared to the three months before that.

  • February 19, 2025

    Axiom Predecessor Settles COVID Coverage Fight With Aviva

    A law firm that became part of now-collapsed Axiom Ince has settled its claim with Aviva in a dispute over its business interruption insurance policy that erupted in the wake of national lockdowns imposed during the COVID-19 pandemic.

  • February 19, 2025

    FCA Calls For Probe Into Digital Wallet Competition Issues

    The Financial Conduct Authority and the Payment Systems Regulator on Wednesday urged the U.K. competition watchdog to investigate competition concerns for digital wallets because of market dominance by big tech groups like Apple and Google.

  • February 19, 2025

    Marsh McLennan Unit Buys Global Asset Management Firm

    Insurance giant Marsh McLennan has acquired institutional investment adviser Secor Asset Management, as it aims to further bolster its consulting business.

  • February 19, 2025

    UK Eyes One-Day Securities Settlements To Boost Growth

    HM Treasury said Wednesday that the chancellor has met senior representatives from the investment banking and asset management sectors to hone the government's growth strategy as the ministry supports the move ahead to one-day securities settlement.

  • February 19, 2025

    Zurich-Backed Cyber-Insurer Cowbell Joins ABI Trade Group

    A cyber-cover provider backed by Swiss insurance giant Zurich has joined the Association of British Insurers, according to an announcement made by the trade body.

  • February 18, 2025

    Pensions Pro Loses Whistleblowing Claim Amid Merger Spat

    An employment tribunal has ruled that the head of a financial planning firm did not fire her business partner for blowing the whistle on legal breaches but rather because she stopped doing her job.

  • February 18, 2025

    Quarter Of UK Cos. Hit By Civil Unrest In 2024, Broker Says

    More than one in four U.K. businesses were impacted by civil unrest in 2024, broker Gallagher said Tuesday, with similar numbers reportedly reviewing their insurance to ensure they are covered in the event of future damage or disruption.

  • February 18, 2025

    EU Watchdog To Set Knowledge Standard For Crypto Advisers

    The European Union's financial markets regulator has proposed guidelines setting minimum knowledge standards for advisers and information providers at crypto-asset service providers.

  • February 18, 2025

    Lifeboat Fund Pays £38M On Defunct Pension Biz Rowanmoor

    The U.K.'s financial lifeboat scheme said Tuesday it has so far paid out £38 million ($48 million) in claims over pension provider Rowanmoor Personal Pensions Ltd., more than a year on from the company's collapse.

  • February 18, 2025

    E-Scooters Blamed For Rise In Uninsured Child Drivers

    Almost 800 children have been caught driving or riding without insurance in the past four years, data published by a U.K. road safety charity shows, with the rise in private electronic scooters said to be behind the surge in numbers.

  • February 18, 2025

    Morton Guides £1.5M Pension Deal For Accounting Firm

    An accountancy firm has passed £1.5 million ($1.9 million) of its pension liabilities to Just Group, the insurer said Tuesday, in a deal advised by Morton Fraser MacRoberts LLP.

  • February 18, 2025

    Property Co. Assura Says £1.6B KKR Bid Undervalues Biz

    The board of property manager Assura PLC said Tuesday that a £1.6 billion ($2 billion) possible offer tabled by U.S. private equity firm KKR "materially undervalued the company and its prospects."

  • February 17, 2025

    Pensions Watchdog To Go Further On Prudential Oversight

    The retirement savings watchdog said Monday it will go further this year on managing risks affecting the wider pensions market and financial ecosystem, after announcing last year it would take on a more "prudential" approach to supervising the sector.

  • February 17, 2025

    Theater Co. Settles Ceiling Collapse Claim With Consultant

    A London theater company has reached a settlement in its claim against a project manager for damages and losses caused by the collapse of a ceiling during a West End performance of Arthur Miller's play "Death of a Salesman."

  • February 17, 2025

    Insurers Warn Gov't Over Tax Hikes After £11.7B Claims Paid

    Insurers paid out a record £11.7 billion ($14.8 billion) in motor claims in 2024, a trade body said Monday after it warned the government against hiking taxes on the sector.

  • February 17, 2025

    Growth In UK Insurance Premiums Expected To Slow, EY Says

    Insurance premium growth in Britain is expected to stabilize this year amid falling costs, a consultancy said on Monday, as it warned of potential storm clouds on the horizon caused by "geopolitical" developments.

  • February 17, 2025

    Shoosmiths Steers £16M Pension Deal For Manufacturing Co.

    Insurer Just Group said on Monday that it has taken on £16 million ($20.2 million) of liabilities in a retirement scheme from a pension plan sponsored by industrial machinery manufacturer Deutz AG, in a deal guided by Shoosmiths.

  • February 17, 2025

    UK Healthcare Property Biz Assura Rejects £1.6B KKR Bid

    Primary care property developer Assura PLC has snubbed a £1.6 billion ($2 billion) proposed takeover approach from KKR and a U.K. pensions provider, the U.S. private equity firm said on Monday.

  • February 14, 2025

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

    This past week in London has seen Spice Girls star Mel B's ex-husband bring a defamation claim against the publisher of The Sun, a hotel sue a former director convicted of embezzling its funds for breach of fiduciary duty, and comedian Russell Brand face a sexual abuse claim. Here, Law360 looks at these and other new claims in the U.K.

Expert Analysis

  • 2 Perspectives On Navigating The Litigation Funding Process

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    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.

  • Answers To Key Legal Finance Ethics Questions

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    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.

  • Competing Legal Factors Vex Insurance Arbitration Disputes

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    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.

  • Cannabis Investors Should Beware Money Laundering Risk

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    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.

  • Real-Life Lessons For Lawyers From 'Game Of Thrones'

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    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.

  • UK Firms Should Be Prepared For Government Raids

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    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.

  • Series

    Why I Became A Lawyer: Completing The Journey Home

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    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.

  • 3 Insurance Issues Raised By The Notre Dame Cathedral Fire

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    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.

  • Where The Post-Libor Litigation Tsunami Will Hit

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    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.

  • Despite Decline In Cyberattacks, UK Cos. Should Stay Vigilant

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    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.

  • UK Antitrust Watchdog Proposals Would Bolster Enforcement

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    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.

  • Guest Feature

    Preet Bharara On The Human Factor In The Justice System

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    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.

  • Considering A More Cost-Effective Future For The SFO

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    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.

  • Lessons From Carphone Warehouse's Partial FCA Settlement

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    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.

  • 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.

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