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Insurance UK
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November 05, 2025
Insurer Sampo To Roll Out Share Buyback Worth Up To €150M
Finnish insurer Sampo PLC said on Wednesday it will begin a new €150 million ($172 million) share repurchase program with a view to lowering its share capital.
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November 05, 2025
Marine Insurer Sues To Block Claim Over Deadly Sea Collision
Two insurance businesses have sued an Italian provider of offshore support vessels to prevent the company from claiming any legal liabilities or costs as indemnity after a tugboat sank and left five of its crew dead.
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November 04, 2025
SMEs Fight Liberty Mutual On 'Discovery' Wording And COVID
A group of businesses on Tuesday argued that Liberty Mutual Insurance should pay out for disruption caused by COVID-19 and subsequent lockdowns, on the opening day of the latest trial in a series of cases to examine insurance firms' policies in the wake of the pandemic.
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November 04, 2025
UK Pension Dashboards 'On Course' As Final Deadline Looms
The U.K.'s flagship online pension dashboard project is still on track with now less than a year to go before the final deadline, the agency responsible confirmed.
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November 04, 2025
BDO Hit With $102M Claim For 'Negligent' Audits Of Insurer
The liquidators of an insurance company have hit BDO LLP with a negligence claim of more than $100 million, arguing that inadequate audits concealed the true financial picture of the defunct business.
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November 04, 2025
Gov't Urged To Bring 'Major Changes' To Pension Tax Plans
The government should give "much more thought" to its plans to apply inheritance tax to wealth transferred through pensions to ensure the proposals are implemented fairly and effectively, a retirement consultancy has said.
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November 04, 2025
Canada Life Completes £41M AG Barr Pension Buy-In
Insurance and financial services company Canada Life said Tuesday it has finalized a pension plan buy-in worth £41 million ($54 million) with Scottish drinks maker A.G. Barr, in a bulk purchase annuities transaction co-steered by Shepherd and Wedderburn.
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November 04, 2025
FCA Faces Balancing Act In Response To Super Complaint
The City watchdog could be forced to walk a thin line between protecting consumers on the one hand and upholding the government's economic growth agenda on the other — as it draws up a response to a landmark "super complaint" into the insurance sector.
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November 03, 2025
ABI Urges Gov't To Cut Tax On Health Insurance
The Association of British Insurers called on Monday for the government to cut tax on health insurance in the workplace, amid high levels of long-term sickness that are preventing people from working.
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November 03, 2025
JTC Completes £20M Buy Of Swiss Bank Unit
Fund administrations services provider JTC said Monday that it has completed the £20 million ($26.3 million) acquisition of a financial services company that caters to ultra and high-net-worth clients from Swiss private bank Union Bancaire Privée SA.
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November 03, 2025
Electric Vehicle Insurance Costs Challenge EU Insurers
Europe's rapid adoption of electric vehicles is reshaping the motor insurance landscape and piling fresh pressure on an already fragile profit outlook for insurers, a ratings agency warned Monday.
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November 03, 2025
Travers Smith-Led Pensions Biz Buys AJ Bell Unit For £25M
Online investment platform AJ Bell said Monday that it has completed the sale of its retirement savings arm, Platinum, to U.K. pensions administrator InvestAcc Group Ltd. in a deal worth up to £25 million ($33 million).
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November 03, 2025
Watchdogs Set Landmark Rules For UK-Swiss Finance
Financial regulators published rules on Monday under a landmark agreement that will allow Swiss and U.K. firms to trade across borders based on the recognition that the two countries' supervisory regimes have equivalent outcomes.
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October 31, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen two regional law firms clash at the intellectual property court over the name Amicus Solicitors, Bill's Restaurant face a breach of contract suit by its former executive chair, and a Capita subsidiary sue the Metropolitan Police over a multimillion-pound procurement dispute.
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October 31, 2025
EU Banking Watchdog Lays Down Unified AML Rules
The European Union's banking watchdog has laid out proposals for the bloc's new anti-money laundering framework, highlighting that member states' significantly varying quality and scope of approaches to the issue have hampered its regulation.
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October 31, 2025
Lawmakers Ask Gov't To Measure FCA Support For Growth
A committee of the House of Lords urged HM Treasury on Friday to set measures for how effectively Britain's financial regulators support the government's economic strategy for growth.
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October 31, 2025
FCA Warns Wealth Managers On Risk In Advice Consolidation
The Financial Conduct Authority said Friday it has found that some companies are relying on risky borrowing when they acquire financial advisers and have unresolved conflicts of interest, alongside other failings that could harm consumers.
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October 31, 2025
UK Insurance Market Stabilizes As Switching Declines
Insurers should radically change their strategy if they want to stay competitive in the U.K. market as growth through customer churn declines rapidly, a new study from a market researcher has warned.
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October 31, 2025
Nippon Life Completes $8.2B Acquisition Of Bermuda Insurer
Japanese insurer Nippon Life said Friday that it has completed its purchase of the remaining 77% stake in Bermuda-based Resolution Life for $8.2 billion, consolidating its interest in the business.
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October 30, 2025
Gov't Launches Plan To Boost Pension Credit Uptake
The government launched a drive to boost take-up of pension credit available to people of state pension age with low incomes on Thursday as it seeks to narrow regional disparities in claims.
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October 30, 2025
EU Eases Capital Rules For Banks, Insurers To Help Growth
The executive body of the European Union has eased some capital rules for institutional investors to help them invest more in the economy and boost bloc-wide growth.
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October 30, 2025
Reinsurers Say Bank Filed Russian Jet Engine Claim Too Late
A group of reinsurers has denied owing Bank of Utah $9.5 million over a jet engine allegedly stuck in Russia since the country's invasion of Ukraine, saying the claim is time-barred under Russian law.
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October 30, 2025
Ombudsman Complaints Down But Insurance Cases Rise
The number of insurance complaints has increased by 14% over the past quarter, the U.K.'s financial arbitration body said, even as overall complaints across all sectors declined.
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October 30, 2025
FCA Investigating 76 Cases Of Non-Financial Misconduct
The Financial Conduct Authority is currently investigating 76 cases of bullying, harassment or discrimination in the financial sector, a senior executive has told a parliamentary committee.
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October 30, 2025
Wachtell, Debevoise Help AIG Buy $2.1B Stake In Insurer
Insurance heavyweight AIG, led by Wachtell and Debevoise, said Thursday that it will buy a minority stake in Weil-guided underwriter and insurer Convex Group Ltd. for $2.1 billion.
Expert Analysis
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Opinion
EU Class Action Policy Guided By Wrong Measure Of Success
The political agreement obtained last month on the first European Union-wide rules on collective redress illustrates the fact that the main goal of the authorities is to increase the number of class action claims rather than focus on the application of standard civil liability principles, says Sylvie Gallage-Alwis at Signature Litigation.
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An Attractive Regime For Governing Jurisdiction Post-Brexit
As indicated by the U.K.'s recent application to join the Lugano Convention, this is an "oven-ready" option for the U.K. for governing questions of jurisdiction and the enforcement of judgments with European Union countries after Brexit — but not without important differences from the current regime, say attorneys at Latham.
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Reinsurance Implications Of COVID-19 Biz Interruption Laws
In light of legislative and public pressure in the U.S. and U.K. on insurers to cover business interruption losses related to COVID-19, reinsurers will face new questions regarding their obligation to cover claim payments, say Robin Dusek at Saul Ewing and Susie Wakefield at Shoosmiths.
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UK Appellate Rulings Clarify Arbitral Choice Of Law
Two recent U.K. Court of Appeal decisions have changed the operation of the choice-of-law test for arbitration — a resolution as significant as changing the test itself because it affects the implied choices of the contracting parties, say attorneys at Squire Patton.
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Post-Pandemic Litigation To Expect In England And Wales
Globally, we are already starting to see insolvency-related claims and a number of insurance, breach of contract, employment and securities class actions across numerous sectors. These and other claims will likely increase for U.K. businesses, say Tracey Dovaston and Fiona Huntriss at Boies Schiller.
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UK Lawyers Can Adapt Due Diligence To Screen New Clients
As COVID-19-related fraud gains pace, U.K.-based practitioners should help combat money laundering by using alternative methods to verify that new clients are who they say they are, says Christopher Convey, a barrister at 33 Chancery Lane and chair of the Bar Council's Money Laundering Working Group.
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A UK Business View Of COVID-19's Economic Fallout
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.
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Remote Depositions Bring Ethics Considerations For Lawyers
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.
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Time For Presumptive Virtual Mediation In The UK
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.
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UK 'Property' Classification Boosts Confidence In Bitcoin
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.
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3 EU And UK Data Protection Tips During COVID-19
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.
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Novolex Case Brings Lessons On R&W Insurance
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.
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How Proposed EU Class Action Directive Could Affect Insurers
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.
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COVID-19 Insurance Considerations For UK Cos.
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.
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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.