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Insurance UK
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August 06, 2025
Insurer L&G Expects £42B Of Pensions Deals In 12 Months
Insurer Legal & General said Wednesday that it expects at least £42 billion ($56 billion) in transactions designed to reduce risk in U.K. pension plans over the next 12 months, amid surging demand from businesses.
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August 06, 2025
HSF Kramer Guides Marsh On £1.9B Pensions Mega-Deal
British insurer Standard Life said Wednesday that it has acquired £1.9 billion ($2.5 billion) in pension liabilities from broking giant Marsh McLennan, in a deal guided by Linklaters, HSF Kramer and Eversheds Sutherland.
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August 06, 2025
Hiscox Hikes Buyback To $275M To Reward Investors
Insurer Hiscox Ltd. said Wednesday that it plans to boost its current share buyback program worth up to $175 million by $100 million, saying it now has the flexibility to reward investors.
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August 05, 2025
City Body Urges FCA To Clarify AML Rules For Digital Assets
A City of London trade body has urged the Financial Conduct Authority to clarify in its future regulations for stablecoin issuers how anti-money laundering rules will apply for digital assets.
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August 05, 2025
Companies House To Roll Out Compulsory ID Verification
Companies House said Tuesday that from November this year it will require company directors to verify their identities, the latest move in the registrar's rollout of heightened powers to protect against fraud.
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August 05, 2025
AML Reforms Are Missed Opportunity, Law Society Says
The government's proposed updates to anti-money laundering regulations will do little to ease the compliance burden on law firms and are a "missed opportunity" to cut unnecessary rules, the body representing solicitors said on Tuesday.
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August 05, 2025
UK Insurance Co.'s 5th Deal Is With Essex Broker Buy
The Broker Investment Group has announced it bought a commercial insurance broker based in Essex, marking the fifth deal penned by the company this year.
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August 05, 2025
State Pension Gender Gap Almost Eliminated
Men and women retiring now receive largely the same amount of money from the state pension, according to official figures published Tuesday.
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August 05, 2025
Insurance M&A Market Rattled After PIB-Gallagher Deal Folds
The collapse of talks between insurance giant Gallagher and broker-investor PIB Group has unnerved investors amid a wider slowdown in the mergers and acquisitions market for the sector, a consultancy said Tuesday.
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August 05, 2025
CMS, Sackers Guide National Grid On £900M Pension Deal
The pension plan of National Grid has agreed to a £900 million ($1.2 billion) buy-in with Rothesay Life PLC, the insurer said Tuesday.
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August 05, 2025
WTW Explores Underwriting Benefits From Health Tech
Broker WTW said Tuesday that it has worked with a British health data analytics firm to explore how wearable health technology could improve the accuracy of insurance underwriting.
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August 04, 2025
Half Of Britons Clueless On Pension Investment Performance
More than half of U.K. pension savers do not know how their retirement pots are performing, Hargreaves Lansdown said Monday.
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August 04, 2025
Pensions Dashboards Could Ease UK Inheritance Tax 'Chaos'
The government could use new online retirement savings portals to ease the expected chaos around introducing inheritance tax on pension wealth, a professional services company said Monday.
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August 04, 2025
UK Insurance Tech Biz Weighs Takeover Bids As Profits Surge
British insurance technology company Cuvva confirmed Monday it has appointed advisers after receiving approaches regarding a potential takeover.
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August 04, 2025
Atrium Enters Weather Insurance With Brown & Brown Hire
Atrium Underwriting Group Ltd. said Monday it has joined the weather and climate insurance market with the launch of a specialist underwriting team headed by a new hire in the U.S.
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August 04, 2025
QBE Expands EU Operations With Netherlands Marine Cover
International insurer QBE has said it will now offer marine insurance in the Netherlands, marking further expansion by the company across the European Union.
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August 04, 2025
Insurers Warn Homeowners On Cover As Storm Floris Hits UK
U.K. insurers have urged homeowners to secure their roofing and review their coverage as an "unseasonably disruptive storm" hit northern Britain on Monday.
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August 01, 2025
Taxation With Representation: Skadden, Wachtell, Latham
In this week's Taxation With Representation, Union Pacific Corp. and Norfolk Southern Corp. announce megamerger plans, Palo Alto Networks acquires identity security company CyberArk, Brookfield buys British life insurer Just Group, and Duke Energy sells its Piedmont Natural Gas Tennessee local distribution business to Spire Inc.
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August 01, 2025
Pension Watchdog Warns Trustees On 'Systemic' Climate Risk
Britain's retirement saving's watchdog has urged pension scheme trustees to treat climate change as a core financial risk, as the regulator looks to set up an industry working group to work on a practical approach to environment-related matters.
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August 01, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen several telco giants hit with a trademark claim, a collapsed hotel company sue a property investor in an ongoing dispute over a decades-old hotel sale, and two litigation funders square off against each other.
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August 01, 2025
Allianz, BlackRock Close €3.5B Buy Of Insurer Viridium
A consortium that includes German insurer Allianz and BlackRock Inc. said Friday that it has completed the acquisition of European life insurance consolidator Viridium Group from private equity firm Cinven Group Ltd. for €3.5 billion ($4 billion).
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August 01, 2025
Ogilvy & Wachtel-Led Investors Oppose Hedge Fund Merger
A group of investors in Third Point told fellow shareholders in the hedge fund on Friday that the proposed merger with Malibu Life Reinsurance will establish "a dangerous precedent for the U.K. stock market" of not safeguarding interests of the minority.
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August 01, 2025
Clifford Chance Helps AXA Buy 51% Stake In Prima For €500M
AXA SA said Friday that it will take a majority holding in Italy's Prima for €500 million ($570 million), with the option to buy out the remainder of the insurance technology company.
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July 31, 2025
Yahoo Says Chubb Unit Must Cover Potential EU Privacy Fines
Yahoo says a Chubb subsidiary is obligated to cover regulatory fines that might be leveled against one of the tech company's subsidiaries for violating the European Union's data privacy law, but the insurer has refused to honor the policy, according to a lawsuit filed this week in Delaware.
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July 31, 2025
Lloyd's, Loan Provider Settle $3M Pitcher Coverage Feud
Lloyd's of London underwriters and loan service provider RockFence Baseball LLC have settled their dispute over coverage for the $3.16 million loan of a former Minnesota Twins pitcher, after a California federal judge ordered the parties into arbitration in January 2024.
Expert Analysis
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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.
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A Crucial Chance For UK Supreme Court To Clarify Arbitrator Bias
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.
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Rebuttal
Legal Industry Should Pursue AI Prediction Progress
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.
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Rebuttal
AI Can't Accurately Predict Case Length And Cost — Yet
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.
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What To Expect During The Brexit Transition Period
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.
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Opinion
Legal Prediction Is Demanding But Not Impossible
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.
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Surefire Marketing Methods To Build Your Legal Practice
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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Mandatory Mediation May Lie Ahead For England And Wales
The U.K. Court of Appeals' decision in Lomax v. Lomax, among other recent developments, show significant judicial support for compulsory mediation of appropriate civil and commercial cases in England and Wales, say Margarita Michael and Grace Spurgeon of O'Melveny.
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Key Risks And Developments For UK Law Firm Culture In 2020
In 2020, law firms throughout the U.K. will be increasingly reshaped by rapid changes in societal expectations and advances in technology, say Helen Rowlands and Niya Phiri of Clyde & Co.