Insurance UK

  • April 30, 2025

    FCA Says Meta Slacking In The Removal Of Suspect Ads

    The Financial Conduct Authority named Facebook owner Meta on Wednesday as the biggest laggard among the big tech companies in terms of responding to requests to take down material from "finfluencers" about whom the watchdog had issued warnings.

  • April 30, 2025

    UK Finance Sector Calls For Cuts To Audit Regulation

    A group of finance and corporate trade bodies urged the government on Wednesday to reduce and simplify regulation of auditors to support U.K. growth.

  • April 30, 2025

    BoE Weighs Further Action On Funded Reinsurance

    The Bank of England said Wednesday that it might consider further action on the offshore reinsurance arrangements used by pension insurers as it seeks to minimize risk to the wider U.K. economy.

  • April 30, 2025

    Gov't To Push Through Collective Pension Rules In Autumn

    The U.K. government said it plans to introduce new regulation in the latter half of the year to allow the introduction of new forms of collective pension plans.

  • April 30, 2025

    Clyde & Co. Adds Cross-Border Insurance Pro From Brazil

    Clyde & Co. LLP has hired a corporate insurance expert as a partner in London, as the firm looks to strengthen its access to the "fast-evolving" and complex Latin American market.

  • April 29, 2025

    Solicitor Banned For Misleading Clients Over Failed PI Claims

    A disciplinary panel has struck off a solicitor after he confessed that he told clients that their personal injury claims had succeeded when they had in fact failed.

  • April 29, 2025

    FCA Proposes Live AI Testing Service For Firms

    The City watchdog proposed on Tuesday a testing service for companies as they check the readiness of their new artificial intelligence tools, a program it believes can help it to better understand the impact of the technology on markets.

  • April 29, 2025

    Burness Paull Guides £7.5M Pension Deal For Fuel Biz

    Aviva PLC has bought out £7.5 million ($10 million) of the pension arrangement liabilities of Gleaner Ltd., advisers said Tuesday, in a deal steered by law firm Burness Paull LLP.

  • April 29, 2025

    Pensions Watchdog Issues Covenant Warning Amid Tariffs

    The U.K.'s retirement savings watchdog warned pension schemes on Tuesday to be mindful of the impact of global trade tariffs as it said it had found that more than half have a funding surplus.

  • April 29, 2025

    UK Treasury Appoints 4 New FCA Board Members

    HM Treasury said Tuesday it has appointed four new members to the board of the Financial Conduct Authority.

  • April 29, 2025

    FCA Set To Get Enforcement Boost From New Fraud Offense

    The new "failure to prevent" fraud offense that comes into force in September will indirectly boost the Financial Conduct Authority's opportunities for enforcement against corporate senior managers, countering its recent retreat from plans to "name and shame" companies it is investigating, lawyers say. 

  • April 28, 2025

    Hogan Lovells Leads Royal London's College Pension Buy-In

    The College of Law's retirement scheme has agreed to an £85 million ($114 million) buy-in with Royal London, the U.K.'s largest mutual life, pensions and investment company announced Monday.

  • April 28, 2025

    Watchdog Warns Of Significant Errors In Digital Reporting

    The accounting watchdog warned Monday that some companies listed on the London Stock Exchange are making significant errors in their digital annual reports through incorrect tagging.

  • April 28, 2025

    Gov't Urged To Act On Critical Pension Switching Delays

    The government must step in to mandate faster retirement saving transfers, a pensions provider warned Monday, saying that in some cases customers have been left waiting three years for the process to complete.

  • April 28, 2025

    Compensation Program Declares Pensions Adviser In Default

    A pensions adviser has been declared in default after receiving five claims against it, the Financial Services Compensation Scheme confirmed Monday.

  • April 28, 2025

    Italy's Mediobanca Offers €6.3B For Rival Banca Generali

    Italian investment bank Mediobanca SpA said Monday that it plans to buy a domestic rival, Banca Generali SpA, for €6.3 billion ($7.1 billion), heating up consolidation in the country's banking sector.

  • April 25, 2025

    UK Law, Accounting Bodies Queried On Poor SAR Records

    The anti-money laundering unit of the Financial Conduct Authority has told legal and accounting professional bodies to justify their failure to check the quality of suspicious activity reports by their member firms.

  • April 25, 2025

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

    This past week in London has seen pub operator Stonegate sue insurance broker Marsh, a human rights lawyer sued for defamation by Russian businessman Ovik Mkrtchyan, and British toy-maker The Character Group reignite an employment dispute with a former finance director. Here, Law360 looks at these and other new claims in the U.K.

  • April 25, 2025

    Gov't Repaid £1.4B In Pension 'Overtaxation' Since 2015

    The U.K. government was forced to pay back £44 million ($58.6 million) in the first quarter to people who have been charged too much tax on pension withdrawals, bringing the total repaid to date to £1.4 billion.

  • April 25, 2025

    Aegon Defeats Worker's Contract Claim After Work Transfer

    Aegon has beaten an unfair dismissal claim brought by a former Nationwide employee who resigned after his job transferred to the insurer, arguing that changes to his work conditions left him no choice but to quit.

  • April 25, 2025

    Gov't Pays Out £805M Over Historical State Pension Shortfalls

    The government has said that the amount it has paid out so far in state pension shortfalls has risen to £804.7 million ($1.1 billion), in what experts describe as a scandal that has shaken public confidence in the benefits system.

  • April 24, 2025

    Ardonagh Group Acquires Swiss Broker SRB Assekuranz

    The Ardonagh Group, a British insurance broker, said Thursday that it has acquired Zurich-based SRB Assekuranz Broker AG in a move to expand its MDS Group division.

  • April 24, 2025

    Pensions Watchdog Admits Lessons On Superfund Approvals

    The Pensions Regulator admitted on Thursday that it could have done better in its approval process for new superfunds, and has vowed to better support innovation in the market.

  • April 24, 2025

    FCA To Simplify Capital Rules For Investment Firms

    The Financial Conduct Authority set out proposals on Thursday to simplify rules on the types of funds that investment firms must hold to cover their losses, as the watchdog seeks to support U.K. growth after Brexit.

  • April 24, 2025

    Walker Morris Steers £28M Pension Deal For Metals Trader

    A U.K. stainless steel and alloy metal trader's pension plan has agreed a £28 million ($37.3 million) buy-in with Just Group, the financial services firm said Thursday, securing the benefits of almost 100 deferred members and about 80 retirees.

Expert Analysis

  • 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.

  • Opinion

    Law Schools Should Be More Like Medical Centers

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    Medical centers and their faculty matter to the practice of medicine. Law schools and their faculty do not matter to the practice of law, says J.B. Heaton of J.B. Heaton PC.

  • Opinion

    Courts Are Getting It Right On Litigation Funding Discovery

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    Earlier this month, a California federal court denied discovery into the identification of third-party funders with a financial interest in the outcome of an underlying patent infringement action. This decision in MLC v. Micron follows a long line of well-reasoned precedent across U.S. federal courts, say Matthew Harrison and Sarah Jacobson of Bentham IMF.

  • Worldwide Freezing Orders Can Backfire Without Proper Care

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    Worldwide freezing orders, which preserve a respondent's assets until the outcome of the substantive case, are an important weapon in the arsenal of a commercial litigant. However, as FSDEA v. Dos Santos demonstrates, courts lay heavy obligations upon WFO applicants, says Nicola McKinney of Grosvenor Law Ltd.

  • UK Litigation And Guidance Highlight Cybersecurity Risk

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    Recent developments in the United Kingdom emphasize the importance of companies implementing cybersecurity measures proactively both to prevent incidents and to argue in mitigation when, not if, the company does suffer a data breach, say Guillermo Christensen of Ice Miller LLP and Anupreet Amole of Brown Rudnick LLP.

  • 2 BVI Cases Explore Scope Of Proper Purpose Test

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    Two recent cases in the Eastern Caribbean Court of Appeal have presented British Virgin Island courts an opportunity to develop a local jurisprudence regarding the BVI Business Companies Act and provide guidance on how the proper purpose test is to be applied, says Rosalind Nicholson of Walkers Global.

  • Last-Minute Brexit Preparations For EU Financial Firms

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    As the deadline for a hard Brexit draws ever closer, financial firms operating in the United Kingdom or European Union must consider how possible outcomes will impact transactions and contractual relationships, and take steps to mitigate business interruptions, say Gilles Kolifrath and Linda Sharkey of Kramer Levin Naftalis & Frankel LLP.

  • What To Expect From Serious Fraud Office In 2019

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    The coming year looks to be an interesting one for the U.K. Serious Fraud Office. With new Director Lisa Osofsky firmly in post, expectations are high that she will shake things up in the next few months, say Anna Gaudoin and Alison Geary of WilmerHale.

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