Insurance Law360 UK provides breaking news and analysis on the insurance industry. Coverage includes U.K. and European Union regulation, legislation, enforcement, and litigation involving insurance companies, underwriters, reinsurers, and brokers.
U.K. insurance giant Aon has offered European enforcers a package of fixes for its planned $30 billion purchase of rival Willis Towers Watson after the bloc's competition watchdog raised concerns about brokerage services for large multinational corporations.
Financial service providers are a major cause of delays when it comes to processing the affairs of deceased people, Exizent, an online platform for professionals that manage the bereavement process, said Monday.
Global reinsurers passed on $26 billion to shareholders last year despite warnings from regulators that they should tighten their belts during the COVID-19 pandemic, insurance giant Willis Towers Watson said on Monday.
The trustees of three of Britain's biggest workplace pension schemes will seek a legal challenge to the government's plan to change the national official measure of inflation, which they say will harm the retirement income of 10 million people.
Criminal defense law firm Stokoe Partnership Solicitors said on Monday that it has hired a fraud and white-collar crime expert from Gunnercooke to be a partner in its central London offices.