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Insurance UK

  • May 14, 2019

    'Dirty Money' Powers Need Case Law, UK Crime Agency Says

    More case law is needed to establish precedent before economic crime bodies can feel confident using new anti-corruption powers to force individuals to explain the source of their suspect wealth, the head of Britain’s crime-fighting agency said Tuesday.

  • May 14, 2019

    Airbus Must Go To Trial In Insurance Jurisdiction Fight

    A London appeals court ruled Tuesday that Airbus would have to go to trial to prove that an Italian dispute with insurance giants AXA, Generali and Allianz over a damaged passenger jet falls under English jurisdiction, saying a lower court jumped the gun when it reached that conclusion. 

  • May 14, 2019

    Watchdog Receives 38 Applications From Multiemployer Trusts

    Britain’s pensions regulator said on Tuesday that it has received a total of 38 applications from master trusts hoping to win authorization to provide multiemployer pension schemes in the U.K. under tough new standards aimed at protecting 14 million retirement savers.

  • May 14, 2019

    EU Agrees Rules To Simplify Trades, Ease Capital Demands

    Governments of European Union countries approved rules on Tuesday aimed at simplifying how smaller companies and pension funds trade derivatives products, in a move intended to reform how businesses secure funding and to improve banking supervision in the bloc.

  • May 14, 2019

    EU Opens Antitrust Probe Into Irish Insurance Data Pooling

    The European Union’s antitrust regulator said Tuesday it has opened an investigation into whether Ireland’s top insurance lobby breached the bloc’s competition rules by restricting access to claims data.

  • May 13, 2019

    RSA Insurance Wins Appeal In Pool Repair Payout Dispute

    Royal & Sun Alliance Insurance PLC does not have to pay out on a second indemnity claim from a pool company seeking to claw back repair costs, after an appellate court in London found a causal link between the firm's second notification and an earlier claim.

  • May 13, 2019

    Magistrate Denies Lloyd's KO Bid In $6.3M Boxer Policy Suit

    A former professional boxer has landed a hit on Lloyd's of London in a suit alleging the insurer used technicalities and tortured logic to deny a $6.3 million claim tied to a career-ending injury, as a California federal court refused to dismiss the suit.

  • May 13, 2019

    So Far So Good For FCA's Little-Used Settlement Process

    Even though the Financial Conduct Authority only used its partial settlement process for the third time in April, attorneys say the system is proving to be a success for individuals and companies facing disciplinary action from the watchdog.

  • May 13, 2019

    ITV Urges Appeals Court To Overturn Pension Deficit Ruling

    The Pensions Regulator does not have jurisdiction to issue enforcement actions stemming solely from activity that came before its establishment in 2005, a lawyer representing ITV told the Court of Appeal on Monday as he sought to overturn a ruling requiring the broadcaster to give financial support to a troubled pension scheme.

  • May 13, 2019

    Insurers Push UK Watchdog For Data On Cyberattacks

    British insurers lobbied the national data regulator on Monday to release information on cyberattacks that companies must report under Europe's sweeping data regime.

  • May 13, 2019

    Lloyd's Reviews Market Culture Amid Harassment Claims

    Lloyd's of London said on Monday that it has asked an independent body to survey the working environment and culture at its member companies, amid allegations of bullying and sexual harassment at the specialist insurance market.

  • May 13, 2019

    Insurer Arthur J. Gallagher Nabs Swiss Broker Verbag

    International insurance company Arthur J. Gallagher & Co. announced the purchase of niche Swiss broker Verbag Versicherungsberatungs AG on Monday, continuing the U.S.-based insurance broker's global expansion into Europe. 

  • May 13, 2019

    MPs Mull Plan To Allow FCA To Make Banks Aid Customers

    The Financial Conduct Authority should be given the power to force banks and insurers to act in the interests of their customers if the watchdog cannot prevent misconduct, an influential parliamentary committee said Monday, as it seeks to clamp down on misselling of financial products.

  • May 10, 2019

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

    The past week has seen a corporate finance firm take in a British airline, a financial adviser sue a renowned restaurateur and a group of luxury hotels take on Visa and Mastercard over competition claims. 

  • May 10, 2019

    Ardonagh CEO Denies Poaching Conspiracy As Trial Wraps

    The chief executive of insurance group the Ardonagh Group testified in a London court on Friday that he “absolutely did not” take part in any alleged concerted plan to unlawfully lure senior employees from a subsidiary of U.S. insurance group Arthur J. Gallagher to his company.

  • May 10, 2019

    FSCS Weighs Payouts To £236M Mini-Bond Scandal Victims

    Britain's financial compensation scheme said Friday it is exploring whether investors tied up in a £236 million ($310 million) mis-selling scandal are due redress, a partial U-turn on its previous position.

  • May 10, 2019

    Bishop Stole From Parish To Commit Insurance Fraud

    An evangelical bishop has been jailed for stealing details from members of his local community to make fraudulent insurance claims for fabricated car crashes, police in London said Friday.

  • May 10, 2019

    Insurtech Investments Hit Highest Number Of Deals On Record

    Global investors injected $1.42 billion into insurance technology companies through 85 deals during the first three months of 2019, marking the highest number of investments on record, an insurance broker has said.

  • May 10, 2019

    Payments Watchdog Pushes Back Fraud Safeguard By 9 Mos.

    Britain’s payment regulator has said it will delay imposing tough safeguards on banks for authenticating the identity of customers until December, so it can introduce rules aimed at stopping people being duped into sending money to fraudsters across all banks.

  • May 9, 2019

    $1M Hurricane Harvey Insurance Coverage Dispute Settled

    A more than $1 million dispute over commercial property damage caused by Hurricane Harvey has been settled through mediation, according to a filing Thursday in Texas federal court.

Expert Analysis

  • 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.