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Insurance UK
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May 27, 2025
Railpen Sells Pension Administration Arm To Broadstone
British pensions adviser and administrator Railpen said it has sold its third-party pension administration business to financial services consultancy Broadstone.
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May 27, 2025
Picturehouse Wins Insurance Fee Battle With Landlord
A London court has ordered the owner of a property in Piccadilly Circus to repay more than £640,000 ($870,000) it overcharged tenant Picturehouse Cinemas by loading insurance premiums for the premises with top-end broker commissions for the landlord to pocket.
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May 27, 2025
DWF Teams Up With Verisk To Provide Services To Insurers
The legal and business services provider DWF LLP announced Tuesday it has teamed up with U.S. risk management company Verisk in a partnership they hope will drive down insurers' costs and increase operational efficiency in the insurance sector.
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May 27, 2025
600 'Shadow Fleet' Tankers Carry Russian Oil, Allianz Warns
More than 600 tankers are now involved in carrying Russian oil in breach of international sanctions imposed on the country's energy industry after the invasion of Ukraine in 2022, an insurer warned Tuesday.
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May 27, 2025
Insurance Adjuster Loses Appeal In COVID Mask Bias Claim
A London appeals judge has dismissed an insurance claims adjuster's case that his employer's policy on mask-wearing during the COVID-19 pandemic was discriminatory because of his belief in "bodily autonomy."
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May 27, 2025
Slaughter And May-Led Bain Invests £120M In UK Finance Biz
U.S. investment business Bain Capital has taken a stake worth nearly 30% in The Openwork Partnership for £120 million ($163 million) after winning backing from the City watchdog, the British financial adviser said Tuesday.
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May 23, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Nestlé hit with an intellectual property claim by a pet insurance company, VTB Capital bring a breach of contract lawsuit against J.P. Morgan Securities, and Société Générale's former chief executive face litigation from an Italian entrepreneur.
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May 23, 2025
Chubb Denies £1.2M Claim Over NYT Journalist's Crash
Chubb has denied having to pay £1.2 million ($1.6 million) in a reinsurance chain following a settlement of claims brought by a woman who was injured in a car crash while being driven by a New York Times journalist in Scotland.
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May 23, 2025
BMS Group Strengthens Presence In Turkey With Oria Deal
Independent insurance and reinsurance broker BMS Group has acquired insurance broker Oria of Turkey to cement its position in the Turkish market and expand its network in the region.
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May 23, 2025
Pension Admin Staff Threaten Strike Over Capita Takeover
A union for public sector workers said Friday that it is balloting members for strike action after it claimed it was locked out of negotiations ahead of a takeover of the administration of civil service pensions by professional services company Capita.
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May 23, 2025
Compensation Program Shaves £38M Off Finance Firms' Levy
The Financial Services Compensation Scheme has shaved £38 million ($51.3 million) off its levy on regulated firms, because it expects a fall in claims during the 2025/26 financial year.
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May 23, 2025
Blackstone Backs Davies With £275M For Global Expansion
U.K. insurance professional services group Davies said Blackstone's credit and coverage business has injected £275 million ($371.5 million) into the company to fund its ongoing global acquisition spree.
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May 22, 2025
'Marked Increase' In Brits Turning To Private Health Insurance
The private health insurance market in Britain is growing as a result of the COVID-19-induced surge in waiting lists for U.K. hospitals, financial consultant Broadstone said Thursday.
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May 22, 2025
68% Of Pension Transferers Happy With Choice, Data Shows
Only 68% of savers who have transferred money from a defined benefit to a defined contribution scheme in the last four years are happy with their choice, analysis published Thursday shows.
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May 22, 2025
HSF Guides Royal London's Up-To-£500M Asset Manager Buy
Royal London said Thursday that it has agreed to buy infrastructure asset manager Dalmore Capital as the mutual insurance and investment firm seeks to broaden its business.
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May 22, 2025
US Tariffs Drive Demand For Political Risk Insurance
The uncertainty around U.S. trade tariffs has increased demand among businesses for political risk insurance cover, a broker said Thursday.
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May 22, 2025
M&S Says Hack Attack Disruption To Last Till July, Cost £300M
Retail giant Marks & Spencer has said it expects the cyberattack hit it took in April to cost it around £300 million ($402 million), with disruption likely to continue to online retail until July.
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May 22, 2025
UK Pensions Watchdog To Quiz Funds On Gov't Asset Plan
The retirement savings watchdog has said that it will quiz pension funds over which assets are likely to be attractive, as part of a government strategy to encourage more investment in the national economy.
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May 22, 2025
Marsh Settles $143M Claim Over Losses In Greensill Collapse
Marsh has reached settlement in a claim of almost $143 million with investment firm White Oak, which had alleged that the insurance broker misled it when selling cover for investments in Greensill Capital, a financing firm that collapsed in 2021.
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May 22, 2025
FCA Plans Overhaul To Ease Complaints Reporting Process
The Financial Conduct Authority proposed on Thursday to introduce a simpler process for companies to report complaints that will improve its ability to detect harm for consumers.
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May 21, 2025
Herbert Smith-Led Third Point's Deal To List Reinsurer On LSE
Third Point Investors, backed by billionaire Daniel Loeb, said Wednesday it has agreed to merge with Malibu Life Reinsurance SPC and provide investors with a $75 million cash option to exit to become "a fully capitalized, London-listed, reinsurance company."
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May 21, 2025
UK Finance Sector Calls For Reforms To Boost Growth
Financial trade bodies have called for new regulatory reforms to enable private banks and wealth managers to support U.K. growth.
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May 21, 2025
UK Gov't Plans To Unlock £160B Pension Surpluses
The government said Wednesday that forthcoming legislation will include a program to allow companies to tap into an estimated £160 billion ($215 billion) in surpluses in retirement savings plans.
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May 21, 2025
UK Biz Optimism Plunged After Trump's Tariffs, Allianz Says
More than a third of U.K. businesses expect a decline in turnover in 2025 as a result of swingeing trade tariffs imposed by President Donald Trump in April, insurance giant Allianz has said.
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May 21, 2025
A&L Goodbody-Led US Broker Buys Underwriter In Ireland
The Chicago-based broker Ryan Specialty has acquired 360° Underwriting, a managing general underwriter with offices in Dublin and Galway, Ireland, as Ryan moves to enter the Irish market.
Expert Analysis
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How Climate, Finance And Trade Will Intersect In 2021
In the coming year, the Biden administration will likely align its policies on climate change, finance and trade more closely with those of international partners and organizations, leading to more coordinated action on climate standards that will be applied across the global economy, say consultants at C&M International.
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Perspectives
Finding A Path Forward To Regulate The Legal Industry
Gerald Knapton at Ropers Majeski analyzes U.S. and U.K. experiments to explore alternative business structures and independent oversight for law firms, which could lead to innovative approaches to increasing access to legal services.
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Whether And How To Compel Remote Arbitration
Excerpt from Practical Guidance
As the pandemic delays in-person arbitration hearings, mediator and arbitrator Theodore Cheng provides arbitrators with a checklist to examine the rationale and authority for compelling parties to participate in remote hearings.
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Creditors Welcome UK Supreme Court's Reflective Loss Decision
The U.K. Supreme Court's recent Sevilleja v. Marex decision benefits creditors and other stakeholders by excluding their claims from the reflective loss principle, which precludes third-party complaints that merely reflect company loss, say Robert Fidoe and Jack Moulder at Watson Farley.
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How Courts Are Encouraging Mediation In England And Wales
As the judiciary braces for widespread pandemic-driven contractual disputes, courts in England and Wales are showing enthusiastic support for mediation, both when determining the implications of a party's refusal to mediate and when assessing whether normal restrictions on the use of mediation-derived information apply, says Leah Alpren-Waterman at Watson Farley.
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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.