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Insurance UK
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July 25, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen the owner of a £6 million ($8 million) mansion once rented by Adele sue real estate consultants Strutt & Parker, Romanian-Australian mining investor Vasile Frank Timis bring a claim against reputation and privacy firm Schillings, and a Chinese businessman bring a legal action against his former lawyer over an alleged £12.5 million mortgage fraud.
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July 25, 2025
'Disconnect' Between Pension And Savings, Broadstone Says
Britons aged between 40 and 75 who are yet to fully retire face a gap of more than £18,000 ($24,000) per year between their state pension and the income they hope to live on, actuarial consultant Broadstone said Friday.
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July 25, 2025
Commercial Insurer Competition Driving Drop In Global Rates
The average price of commercial insurance across the globe fell by 4% between April and June, Marsh has said, marking the fourth consecutive quarterly decrease.
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July 25, 2025
Pharma Co. Sues Generali In £2M Alzheimer's Coverage Claim
A pharmaceutical company has alleged that Italian insurance giant Generali Group wrongly refused to pay out as much as £1.96 million ($2.63 million) under an income protection policy after a senior employee became incapable of doing his job because of Alzheimer's disease.
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July 25, 2025
Pensions Watchdog Wants Dashboards Data Improvements
Too many pension schemes do not have enough high quality, recent or digital data as the retirement savings industry edges towards the launch of the long-awaited dashboards programme, the top regulator has said.
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July 25, 2025
Gov't Warned That Pension Bill Excludes Investment Cos.
A trade body for investment companies said Friday it had urged the government to amend the Pension Schemes Bill so that its power to require pensions to invest in private assets will allow this through investment companies.
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July 25, 2025
AXA Wins £675M Missold PPI Payout Fight With Santander
AXA has won a £675 million ($907 million) battle with Santander to recover payouts for wrongly sold payment protection insurance as a London court ruled that the Spanish banking giant was liable for "systemic failings" in historical sales of the policy.
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July 25, 2025
MoD Official Named As New Companies House CEO
Senior Ministry of Defence official Andy King has been appointed as chief executive of Britain's official business registrar as it seeks to toughen its stance on financial crime.
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July 24, 2025
Munich Re Can't Nix Private Equity Firm's $491M IPO Claim
Munich Re Group failed Thursday to get a private equity firm's claim of approximately $491 million struck out, after a court found that it couldn't rule out the possibility that the German reinsurer had breached an agreement over the public listing of a U.S. company.
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July 24, 2025
Audit Watchdog Imposed £14.5M In Fines Last Year
Britain's audit watchdog said Thursday it levied £14.5 million ($19.6 million) in fines across a 12-month period ending in March that also saw it wrap the majority of its investigations in a more timely way than ever before.
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July 31, 2025
DWF Hires 4 More From Kennedys To Boost Injury Practice
DWF LLP said Thursday that it has recruited four partners from Kennedys Law LLP to bolster its major injury and casualty practice, the latest in a series of hires from the rival insurance specialist.
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July 24, 2025
Ireland Revamps Sweeping Insurance Reform Plan
Ireland said Thursday that it would seek to further reform how personal injury claims are handled, as it unveiled an action plan to tackle the spiraling cost of insurance.
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July 24, 2025
CMS, Sackers Guide £40M Pension Deal For Engineering Body
Pension Insurance Corp. said Thursday that it has completed a £40 million ($54 million) buy-in transaction to acquire the pensions of 200 members of the Mechanical Engineers Pension Scheme in a deal guided by CMS Cameron McKenna Nabarro Olswang LLP and Sackers.
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July 24, 2025
BoE Speeds Up Insurance Vehicle Approvals To Boost Growth
The Bank of England put into force Thursday rules speeding up authorizations for a type of insurer known as special purpose vehicles, slashing related compulsory senior manager applications with immediate effect to boost U.K. growth.
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July 24, 2025
SFO Charges 6 With Fraud Over £75M Pension Investments
The Serious Fraud Office charged six individuals with fraud and money laundering on Thursday over alleged misrepresentations made to investors who poured £75 million ($101 million) from their pensions into self-storage units.
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July 24, 2025
Lloyd's Grants Provisional Approval For South African Insurer
Specialist insurance market Lloyd's of London has granted "in principle" the go-ahead for Santam to launch a syndicate in London, a move the South African company said will fast-track its international growth.
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July 24, 2025
Chesnara Raises £140M To Fund HSBC Life Buy
British pensions company Chesnara PLC said Thursday that it has raised approximately £140 million ($190 million) to partly fund the £260 million acquisition of the specialist life protection and investment bond provider of banking giant HSBC.
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July 24, 2025
Pinsent Masons Guides £11M DAC Beachcroft Pension Deal
DAC Beachcroft LLP's pension plan has agreed to an £11 million ($14.9 million) full scheme buy-in with insurance giant Aviva PLC, consultancy Broadstone said Thursday.
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July 24, 2025
Gov't Warned Over Risks From Captive Insurance Reform
A light-touch capital regime for U.K. businesses that want to insure themselves could pose new systemic risks to the economy, a credit ratings agency has warned.
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July 24, 2025
Brown & Brown To Buy UK Racehorse Insurance Broker
The European subsidiary of insurance broker Brown & Brown Inc. has agreed to acquire Weatherbys Hamilton LLP, a specialist U.K. broker that offers cover for farms, estates and racehorses.
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July 23, 2025
MPs Call For Gov't Strategy To Fix 'Pensioner Poverty'
A committee of lawmakers called on the government on Thursday to make it easier for people in retirement to claim benefits as the number of older citizens slipping into poverty continues to climb.
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July 23, 2025
Fund Managers Ask EU Watchdog To Simplify Investing Rules
A trade body for European fund managers has urged the EU's financial markets regulator to streamline the "complex and time‑consuming" retail investment process, eliminating burdens that prevent savers from making better investments.
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July 23, 2025
Insurance Actuaries Told To Review Modeling Assumptions
Insurance actuaries should review their modeling assumptions to factor in falling prices, among a range of changing market conditions Lane Clark & Peacock LLP flagged as significant going into 2026.
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July 23, 2025
Insurer CPP Group To Sell India Biz For Up To $21M
U.K. insurance products provider CPP Group PLC said Wednesday it has agreed to sell its Indian unit to two local buyers for up to $21 million to exit the "increasingly constrained" business and focus on its new technology platform.
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July 23, 2025
FCA Criticizes Firms For Slow Fixes To Reporting Failures
The Financial Conduct Authority warned regulated companies on Wednesday that it has found deficiencies in transaction reporting, with some taking too long to address compliance failings.
Expert Analysis
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Cos. Can Start Preparing Now For Immigration Beyond Brexit
Ahead of the U.K.'s likely departure from the European Union on Jan. 31, 2020, companies should use the one-year transition period to help workers understand any new registration requirements, evaluate budgetary concerns and expedite any employee relocations, say Julia Onslow-Cole and Charlotte Wills at Fragomen.
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#MeToo Pressure On UK Businesses Is Set To Rise
Recent declarations by the Financial Conduct Authority and Prudential Regulation Authority indicate that sexual harassment in the U.K.'s financial services industry may lead to consequences under the newly expanded Senior Managers and Certification Regime, and other sectors are facing growing scrutiny as well, say attorneys at Covington.
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Opinion
UK's Insurer Investigations May Not Help Policyholders
The U.K. Ministry of Justice's recent investigations into insurers suspected of not passing on savings to consumers suggests insurers may see consequences for their hollow promises, but only if the government follows through to hold insurers accountable, says Tom Jones of Thompsons Solicitors.
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The Outlook For Autonomous Vehicles In The UK And US
As both the U.K. and U.S. governments continue to develop regulatory frameworks for autonomous vehicles, manufacturers can take certain steps to avoid litigation and manage risk, say attorneys at FaegreBD.
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Brexit's Impact On London As A Top Int'l Arbitration Seat
Despite concerns that London may be considered a less attractive place to do business post-Brexit, there are many reasons to believe that the city will retain its position as a globally favored arbitral seat, say Adrian Jones and James Wagner at FaegreBD.
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Post-Brexit UK Likely To Conform With EU On Human Rights
In a recent speech, U.K. Foreign Secretary Dominic Raab stated his intent to expand sanctions for human rights violations by extending the so-called Magnitsky amendment, strongly indicating that Britain's exit from the EU would be unlikely to disrupt coordinated efforts to address international transgressions against human rights, says Stephen Baker at Baker & Partners.
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The Evolution Of GDPR Enforcement Across The EU
With the last few months bringing significant fines to major businesses that have breached the European Union's General Data Protection Regulation, it is clear that regulators are moving away from the light-touch approach they employed during the transition to the new rules, says James Simpson of Blaser Mills.
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Series
Why I Became A Lawyer: Being There For Families In Trouble
My parents' contentious, drawn-out divorce was one of the worst experiences of my life. But it taught me how to be resilient — and ultimately led me to leave corporate litigation for a career in family law, helping other families during their own difficult times, says Sheryl Seiden of Seiden Family Law.
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3 Ways To Leverage Vulnerability For Lawyer Well-Being
Admitting to imperfection is an elusive construct in the legal industry, but addressing this roadblock by capitalizing on vulnerabilities can increase personal and professional power, says life coach and attorney Julie Krolczyk.
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Zurich Case Brings Clarity To Complex Contempt Proceedings
The U.K. Court of Appeal's recent decision in Zurich v. Romaine provides insight into the meaning of "in the public interest" in the context of bringing contempt proceedings against a party or witness who verifies false claims, says Matt Peacock of Signature Litigation.
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What A No-Deal Brexit Would Mean For Dispute Resolution
In the event of a no-deal Brexit, arbitration may become a more attractive option as a dispute resolution mechanism, as it offers relatively easy enforcement and clauses that could negate some uncertainty caused by Brexit, says Donna Goldsworthy of BDB Pitmans.
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The Problem — And Opportunity — Of Implicit Bias In The Bar
Law firms are beginning to recognize implicit bias as a problem. But too few recognize that it is also an opportunity to broaden our thinking and become better legal problem solvers, says Daniel Karon of Karon LLC.
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Roundup
Pursuing Wellness
In this Expert Analysis series, leaders at some of the law firms that committed to the American Bar Association's 2018 pledge to improve mental health and well-being in the legal industry explain how they put certain elements of the initiative into action.
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Series
Why I Became A Lawyer: Expanding The Meaning Of Diversity
My conservative, Catholic parents never skipped a beat when accepting that I was gay, and encouraged me to follow my dreams wherever they might lead. But I did not expect they would lead to the law, until I met an inspiring college professor, says James Holmes of Clyde & Co.
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2 Perspectives On Navigating The Litigation Funding Process
Paul Martenstyn of Vannin Capital and Daniel Spendlove of Signature Litigation share their top tips on how to get a case funded, drawing from their respective experience as a funder and a lawyer.