Insurance UK

  • January 31, 2024

    Eversheds, Clifford Chance, CMS Steer £400M Pension Deal

    Insurer Just Group has said it has taken on £400 million ($510 million) of pension liabilities on behalf of a technology company in a transaction steered by Eversheds Sutherland, Clifford Chance LLP and CMS Cameron McKenna Nabarro Olswang LLP.

  • January 31, 2024

    UK Launches Probe Into £3B Insurance Broker Merger

    Britain's antitrust authority has launched a probe into insurance broker Atlanta Group's £3 billion ($3.8 billion) planned merger with rival Markerstudy as it seeks to establish whether the deal will harm competition in any U.K. markets.

  • January 31, 2024

    Car Insurance Premiums Keep Climbing In Face Of High Costs

    Insurance premiums for U.K. drivers went up 12% in the last quarter as insurers faced rising costs, the Association of British Insurers said Wednesday.

  • January 31, 2024

    FCA To Review Insurance Pricing Rules As Premiums Surge

    The Financial Conduct Authority has said it will investigate the impact of its pricing reforms on the home and motor insurance market as it admitted that premiums have risen by 21% since last year.

  • January 30, 2024

    EU Watchdog Warns Of Risks Posed By Alternative Funds

    Europe's securities watchdog warned Tuesday that some alternative investment funds with high levels of leverage and links to mainstream market investors such as pension funds pose high risks to market stability.

  • January 30, 2024

    'Demographic Time Bomb' Predicted For Social Care

    An additional 1 million people over age 85 are expected in the United Kingdom by 2036 in a "demographic time bomb" set to shake up Britain's already challenged social care sector, a retirement specialist said Tuesday.

  • January 30, 2024

    Gov't Targets 'Reckless Prudence' In Pension Funding Regs

    The government has set out new regulations for the funding of pension plans, offering new flexibility on investments in riskier assets in an attempt to fuel economic growth in Britain.

  • January 30, 2024

    WilmerHale Adds Int'l Financial Investigations Pro From DWF

    WilmerHale has hired an investigations expert as counsel to the firm's London office, where she will advise both domestic and international clients on complex and cross-border investigations and compliance issues.

  • January 30, 2024

    Italian Insurer Plans €500M Share Buyback After Profits Boost

    Assicurazioni Generali SpA said on Tuesday it is planning a €500 million ($540 million) share buyback scheme to return money to shareholders, built on two strategic acquisitions and the insurance giant's confidence in its financial position. 

  • January 30, 2024

    Eversheds, Keelys Guide Broker Howden On Consultancy Buy

    Insurance giant Howden Group said it has bought AHR Consultancy, a provider of employment law compliance services, in a deal steered by Eversheds Sutherland and Keelys LLP.

  • January 29, 2024

    Food Biz Sues Direct Line Unit For Payout Over Contaminants

    A processed vegetable product supplier has sued a subsidiary of Direct Line Group PLC for £487,000 ($617,000), saying its insurer has refused to pay out to cover losses caused by contaminated ingredients set to be used for Branston Pickle chutney.

  • January 29, 2024

    Eversheds, A&O, Sackers Steer £1.4B UK Pension Deal

    A food and drinks packaging company has transferred £1.4 billion ($1.8 billion) of its pension liabilities to an insurer, Rothesay Life, in a transaction steered by Sackers, Eversheds Sutherland, and Allen & Overy.

  • January 29, 2024

    EU Watchdog To Limit Foreign Crypto Selling Into Bloc

    Europe's regulator of financial markets proposed on Monday that firms outside the European Union be able to sell crypto-assets to clients in the bloc only when the clients initiate the service, under a narrow exemption to rules in force from December.

  • January 29, 2024

    Pinsent Masons Hires Insurance M&A Pro From Royal London

    Pinsent Masons LLP has hired an insurance deal-maker expert as a partner in its corporate office in London, as the multinational law firm looks to strengthen its financial services team.

  • January 29, 2024

    Swindler Sentenced For 45 Bogus TV Insurance Claims

    A man who made 45 bogus insurance claims for broken televisions against 87 home insurance policies has been handed a suspended prison sentence after he pled guilty to two counts of fraud, police in London have said.

  • January 29, 2024

    Brown Rudnick Hires Ex-SFO Prosecutor To Head Corp. Crime

    Brown Rudnick LLP has hired a former Serious Fraud Office prosecutor from Jenner & Block LLP to head the international law firm's white-collar crime practice.

  • January 26, 2024

    Pensions Watchdog's Head Of Frontline Regulation To Leave

    The Pensions Regulator has announced that Nicola Parish, its executive director of frontline regulation, will leave the organization in February, ending a 16-year stint at the retirement savings watchdog.

  • January 26, 2024

    Hospitality Businesses Get Mixed Result For COVID Payouts

    Businesses including hoteliers and the upmarket Liberty department store partly won a battle at a London court Friday over issues in their claims against insurers to pay out for COVID-19 lockdowns after a judge ruled the closures did trigger business interruption policies.

  • January 26, 2024

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

    The past week in London has seen Sainsbury’s Supermarkets face patent proceedings over a specific type of mandarin, Alexander Nix, the former chief of Cambridge Analytica, embroiled in further proceedings with Dynamo Recoveries, the sports management arm of Warner Bros raise a red card against crypto exchange Next Hash, and EY targeted in a libel claim by a consultancy firm. Here, Law360 looks at these and other new claims in the U.K.

  • January 26, 2024

    Insurers Voice More Criticism Over Gov't Pension Pot Plan

    Government proposals for a lifetime pension provider must not take precedence over existing reforms, an insurance sector trade body has said, as it said the proposed changes were attractive but not the main priority.

  • January 26, 2024

    Hogan Lovells Adds White & Case Dispute Duo To Paris Office

    Hogan Lovells has hired two French disputes experts for its Paris office, where the firm expects the team to lend their criminal investigations and compliance expertise to its litigation practice.

  • January 26, 2024

    UK Pension Freedom Overtaxation Bill Nears £1.2B

    The U.K. has had to hand back almost £1.2 billion ($1.5 billion) to Britons who have paid too much tax for withdrawing their pensions because of a glitch in the rules that has yet to be fixed.

  • January 25, 2024

    Fieldfisher Adds Arbitration Pro With Spanish Partner Hire

    Fieldfisher LLP has hired a founding partner of Spanish law firm Claros & Abogados to join its Madrid office as it looks to bolster its dispute settlement practice across Europe and the Americas.

  • January 25, 2024

    City Calls For Tighter Financial Regulation Of Big Tech

    An industry-led City body has called on the Financial Conduct Authority to strengthen its regulatory grip on Big Tech companies like Google that offer financial services to maintain a level playing field in the sector.

  • January 25, 2024

    Pensions Watchdog Shakes Up Trustee Investment Guidance

    The Pensions Regulator has set out new rules for trustees managing investments in riskier equity assets, amid a wider push by the government for the sector to invest in new U.K. enterprises.

Expert Analysis

  • A UK Business View Of COVID-19's Economic Fallout

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    Covington attorneys Alex Leitch and Harry Denlegh-Maxwell provide a bird's-eye view of how U.K. businesses will navigate the legal and economic aftermath of the pandemic, including discussion of where litigation funding, class actions, insurance disputes and force majeure fit it.

  • Remote Depositions Bring Ethics Considerations For Lawyers

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    Utilizing virtual litigation technologies and participating in remote depositions require attorneys to beware of inadvertently violating their ethical obligations, including the principal duty to provide competent representation, say attorneys at Troutman Sanders.

  • Time For Presumptive Virtual Mediation In The UK

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    While the COVID-19 outbreak is a real-time test of the U.K. justice system’s adaptability and innovation, it is also an opportunity to deliver alternative dispute resolution through virtual technology — and there are two ways in which this could be achieved, says Suzanne Rab at Serle Court.

  • UK 'Property' Classification Boosts Confidence In Bitcoin

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    In AA v. Persons Unknown, the English High Court classified bitcoins as property that can be the subject of proprietary injunctions, indicating the slow but growing acceptance of virtual currencies within the U.K., say Steven De Lara and Colin Grech at Signature Litigation.

  • 3 EU And UK Data Protection Tips During COVID-19

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    Though EU and U.K. data protection laws should not impede the fight against COVID-19, companies must continue to protect individuals' data, and the challenges of managing a remote workforce and the desire for information about the virus’s impact have significant implications for that responsibility, say attorneys at Debevoise.

  • Novolex Case Brings Lessons On R&W Insurance

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    A New York state court dispute between Novolex and a few of its insurers concerning coverage under a representations and warranties policy for a $267 million loss offers a rare glimpse into how a court might interpret acquisition agreements and insurance policy provisions, say attorneys at Hunton.

  • How Proposed EU Class Action Directive Could Affect Insurers

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    Insurers should beware the explosive potential of the EU's proposed directive providing for cross-border class actions and third-party funding for such actions, although it also bears strict requirements that will limit the number of cases, say Emmanuèle Lutfalla and Simon Fitzpatrick at Signature Litigation.

  • COVID-19 Insurance Considerations For UK Cos.

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    Though a new U.K. regulation recently made it easier for businesses to claim losses related to COVID-19, potential points of contention when seeking insurance coverage include whether the government ordered the business to close and whether an outbreak occurred at the premises, say attorneys at Covington.

  • UK Group Data Breach Claims Pose Big Financial Risks

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    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.

  • A Crucial Chance For UK Supreme Court To Clarify Arbitrator Bias

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    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.

  • Rebuttal

    Legal Industry Should Pursue AI Prediction Progress

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    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.

  • Rebuttal

    AI Can't Accurately Predict Case Length And Cost — Yet

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    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.

  • What To Expect During The Brexit Transition Period

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    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.

  • Opinion

    Legal Prediction Is Demanding But Not Impossible

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    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.

  • Surefire Marketing Methods To Build Your Legal Practice

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    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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