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Insurance UK
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April 17, 2025
Insurance Regulators Urged To Address Climate Change Risks
Insurance regulators must strengthen their understanding of the threats posed by climate change and better consider how those risks will shape the stability of the sector, a group of international regulators said in a report.
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April 17, 2025
BoE Insurance Reforms Could Harm Pension Deal Prices
New freedoms that would allow insurers to invest more easily in a wider range of instruments could lead to reduced pricing for pension funds approaching the bulk purchase annuity market, a broker has said.
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April 17, 2025
Insurer Markel Buys Marine Specialist Underwriter Meco
Insurance company Markel has said it has penned a deal to buy The Meco Group, a specialist marine managing general agent, as it seeks to boost its range of services
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April 17, 2025
SFO Charges UK Insurance Broker With Bribery In Ecuador
The Serious Fraud Office said Thursday it has charged a Lloyd's of London broker with bribery, alleging that it failed to prevent a U.S.-based intermediary from making corrupt payments in Ecuador in order to secure contracts worth $38 million.
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April 23, 2025
Paul Weiss Adds 1st UK Fund Finance Pro From Proskauer
Paul Weiss said Wednesday that it has hired its first fund finance partner in London from Proskauer Rose LLP as it looks to better cater to the financing needs of clients in Europe and further afield internationally.
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April 16, 2025
FCA Proposes Data Reporting Cuts For 16,000 Firms
The Financial Conduct Authority proposed Wednesday to remove unnecessary data reporting for firms, in an effort to support U.K. economic growth.
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April 16, 2025
NHS Practice Manager Gets 7-Year Ban For Pension Failings
A former practice manager at an NHS surgery who did not pay more than £75,000 ($99,330) into the pension funds of staff has been banned from starting a new company for seven years over the failings, a government agency has said.
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April 16, 2025
EY Under Investigation Over UK Post Office Audits
The accounting watchdog said Wednesday that it has started an investigation into Ernst & Young LLP as auditor of the Post Office over financial shortfalls registered by postmasters around the country.
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April 16, 2025
UK Savers Favor 'Cautious Approach' To Pensions Investment
Almost half of savers in Britain want a cautious approach to investment in pension plans, with just 8% willing to invest in high-risk assets, according to research published on Wednesday by a retirement savings platform.
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April 16, 2025
FCA Plans More Changes To Simplify Investment Information
The financial watchdog said Wednesday that it plans to further simplify information provided to U.K. retail investors in post-Brexit Britain by removing the requirement for fund managers to report on small price movements while trades are executed.
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April 16, 2025
Cost Of Irish Private Health Insurance Rises By 9% In 2024
Private health insurance cover in the Republic of Ireland continues to expand, even though the cost of premiums rose by an average of 9.2% in 2024, the sector's watchdog has said.
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April 16, 2025
Reinsurer Compre Boosts Portfolio With Covéa US Unit Deal
Reinsurer Compre Group said Wednesday that it has bought a U.S. subsidiary of French mutual insurer Covéa, to add to its portfolio of legacy insurance companies.
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April 15, 2025
La. Parish Still Wants 5th Circ. To Remand Insurance Case
A Louisiana parish has again urged the Fifth Circuit to send its dispute over coverage for property damage caused by a pair of hurricanes back to district court, saying "everyone agrees" that the lower court made a procedural misstep that was subsequently wrongly appealed.
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April 15, 2025
UK Gender Pensions Gap Widening, PensionBee Finds
Male customers of PensionBee saved an average of £507 ($671) more in retirement plans than women did in 2024, according to figures published by the retirement savings provider.
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April 15, 2025
Schroders Tapped To Manage £2.1B Scottish Friendly Portfolio
Schroders said Tuesday it has been appointed to manage a £2.1 billion ($2.8 billion) portfolio by life insurance mutual company Scottish Friendly.
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April 15, 2025
Marine Insurers Cut Premiums Despite Claims Inflation
The marine insurance market could face losses if premiums continue to soften in the face of mounting claims inflation, a broker warned.
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April 15, 2025
Most Drivers 'Unsure' What To Do After Injuries From Crash
About two-thirds of drivers do not know what steps to take if someone is injured after a collision, insurance giant Aviva has said, while 45% are unsure what to do after a crash that damages property or another vehicle.
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April 15, 2025
DLA Piper Helps KKR Buy £100M Properties From L&G
U.S. private equity heavyweight KKR said on Tuesday that it has purchased a portfolio of three properties from British financial services group Legal & General for more than £100 million ($132 million).
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April 15, 2025
Freshfields-Led Insurtech Biz Raises $90M, Hits $2B Valuation
Marshmallow said Tuesday that it has raised $90 million from investors, including Portage and BlackRock, which values the British insurance startup at $2 billion and allows it to expand globally.
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April 14, 2025
Firm Owner, Consultant Sanctioned Over Misled Insurer
A London tribunal has sanctioned a law firm owner who knowingly allowed another lawyer to manage the firm's bank accounts in breach of the conditions of his practicing certificate.
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April 14, 2025
EU Council Greenlights Delay To Sustainability Rules
The Council of the European Union said on Monday that it has formally approved a proposal that will temporarily delay the implementation of two flagship sustainability directives across the bloc.
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April 14, 2025
Pensions Body Warns Of Risks Of AI Adoption
The U.K.'s tough regulatory environment will mean that artificial intelligence is unlikely to replace pension trustees in key decision-making roles anytime soon, a trade body said.
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April 14, 2025
Pension Trustees Warned To Plan Ahead In Dashboard Prep
U.K. pension plans have been warned to plan for bottlenecks in processing customer data as they prepare to meet deadlines for new government-backed online portals.
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April 14, 2025
Squire Patton Guides £120M Pensions Deal For Utilities Co.
Pensions insurer Just Group said on Monday that it has taken on £120 million ($158 million) in retirement savings liabilities from a plan sponsored by a U.K. water supplier, in a deal guided by Squire Patton Boggs.
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April 14, 2025
A&O Shearman-Led Ageas Inks £1.3B Deal For UK Insurer
Belgian insurer Ageas said Monday that it has reached an agreement with Bain Capital to buy Esure Group PLC, which provides motor and home cover, for £1.295 billion ($1.7 billion) as it moves to expand in the U.K. online market.
Expert Analysis
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Opinion
Brexit International Arbitration Clause Is Misunderstood
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.
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The Lawyer's Daily
How To Requalify As A Lawyer In Canada
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.
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Legal Technology Is Likely To Flourish In The UK
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.
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Opinion
Legal Operations Teams Are Gaining Popularity In EU
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.
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Why Proper Document Redaction May Be An Ethical Duty
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.
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Why The Flood Of GDPR Litigation Has Been Delayed
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.
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Opinion
Law Schools Should Be More Like Medical Centers
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.
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Opinion
Courts Are Getting It Right On Litigation Funding Discovery
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.
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Worldwide Freezing Orders Can Backfire Without Proper Care
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.
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UK Litigation And Guidance Highlight Cybersecurity Risk
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.
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2 BVI Cases Explore Scope Of Proper Purpose Test
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.
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Last-Minute Brexit Preparations For EU Financial Firms
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.
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What To Expect From Serious Fraud Office In 2019
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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UK Privacy Rules That Can Catch You Off Guard
The recent data breach scandal involving the Leave.EU campaign shows that the U.K. Privacy and Electronic Communications Regulations is often overlooked by businesses, says Alexander Edwards of Rosling King LLP.
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Autonomous Vehicles And UK Product Liability Law: Part 2
With autonomous vehicles expected to hit the streets of the United Kingdom soon, manufacturers, insurers and their legal counsel face the challenge of determining how the U.K.'s product liability laws will be applied to questions of negligence, evidence and contracts raised by self-driving vehicles, says Michaela Herron of Bristows LLP.