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Insurance UK
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June 16, 2025
Credit Suisse Life Fights $607M Liability To Ex-Georgian PM
The Bermudan life insurance arm of Credit Suisse challenged court findings Monday that it owes $607 million in damages to the former prime minister of Georgia, saying his losses were due to fraudulent activity by an employee of its banking arm.
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June 16, 2025
Hymans Robertson Launches Service For Small Pension Deals
Hymans Robertson has launched a service it said would support smaller pension schemes with around £150 million ($204 million) or less in assets as they look to offload their liabilities to insurers.
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June 16, 2025
Air India Crash Likely To Cost Insurers $200M
The insurance market could see a $200 million loss from the crash of Air India flight AI171, a data analytics firm said Monday, contributing to a hardening in the commercial aviation market.
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June 16, 2025
Asset Manager Tikehau, Insurers Launch Private Equity Fund
Asset manager Tikehau Capital said Monday it has launched a private equity fund, covering cybersecurity and defense, with three leading insurers, including Société Générale Assurances.
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June 16, 2025
Marsh Launches €1B Insurance Facility For Data Centers
Insurance giant Marsh McLennan said Monday that it has launched a €1 billion ($1.16 billion) facility to support the construction of data centers across the U.K. and Europe, as governments hope to harness artificial intelligence for economic growth.
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June 16, 2025
DWF's Knowles Steps Down After Driving 60% Revenue Jump
DWF LLP said Monday that Nigel Knowles will retire as its chief executive at the start of August, ending a five-year tenure as the firm prepares to enter a new phase of growth under fresh leadership.
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June 13, 2025
EU Guides Watchdogs On Digital Outsourcing Upsurge
The European Union's financial markets regulator has released guidance for national watchdogs on how to regulate firms' expanding outsourcing of activities, driven by digitalization.
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June 13, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Tottenham Hotspur FC kick off against Manchester United co-owner Ineos Automotive following a soured sponsorship deal, Acer and Nokia clash over patents for video coding technology, and two investors reignite litigation against the founders of an AI exercise bike business that unlawfully pocketed $1.2 million in investments to fund their own lifestyles. Here, Law360 looks at these and other new claims in the U.K.
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June 13, 2025
Norton Rose Steers Insurance Biz Samsung On Acquisition
Samsung Fire & Marine Insurance has agreed to snap up a further 21% holding in Canopius Group Ltd., raising its stake in the global reinsurer to 40%.
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June 13, 2025
FCA Sees 'More To Do' In Reshaping Regulation For Growth
The Financial Conduct Authority responded Friday to parliamentary calls for more growth-oriented regulation, saying that it is exploring new ways to boost Britain's international competitiveness on top of the steps it has already taken.
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June 13, 2025
Watchdog Says Pensions Regulation Is 'Unfinished Business'
The U.K. government's planned reforms to retirement savings plans is the biggest shakeup to the sector in more than a decade, the boss of The Pensions Regulator has said.
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June 12, 2025
Lords Urges Regulators To Shed Risk-Aversion, Boost Growth
A cross-party House of Lords committee called Friday on the U.K.'s financial services watchdogs to change their culture of risk-aversion which is preventing them from promoting growth in the economy.
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June 12, 2025
TATA AIG Leads Insurance Cover For Air India Crash
TATA AIG General Insurance Co. Ltd. is the lead insurer for hull and liability on the Air India flight that crashed just after take off in Ahmedabad, India on Thursday, according to two sources with direct knowledge of the situation.
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June 12, 2025
Markel Unveils Insurance Product To Tackle Cyber Threats
Markel Insurance has launched a product it said would help insurance technology companies navigate the "complex landscape" of cyber threats, crime and financial liabilities.
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June 12, 2025
Lost Russian Jets Ruling Has Global Implications For Insurers
A London court ruling that major insurers must compensate aircraft lessors for planes seized by Russia will provide useful support for companies seeking repayments for assets stranded in conflict zones with little probability of their return.
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June 12, 2025
Broadstone Buys ExactVAL To Boost Pension Transactions
Retirement consultancy Broadstone said Thursday it has bought actuarial service provider ExactVAL to support insurers in carrying out pension transactions.
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June 12, 2025
Gowling Steers Pension Insurer's £150M Buy-In For Reach
Just Group, a pensions insurer, revealed on Thursday it has taken on retirement plan liabilities worth £150 million ($204 million) from a program sponsored by publishing giant Reach.
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June 12, 2025
UK Insurers Press Gov't For Long-Term Flood Resilience Plan
Britain's insurance sector has welcomed £4.2 billion ($5.7 billion) in government spending earmarked for flood defenses, but says more needs to be done.
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June 12, 2025
Baker McKenzie Guides Credit Agricole's €345M Care Biz Deal
The healthcare subsidiary of French banking giant Crédit Agricole SA said Thursday that it will buy Petits-fils, an at-home services provider for the elderly in France, for €345 million ($400 million) from French care provider Clariane SE.
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June 12, 2025
5 Questions For Howard Kennedy Partner Rebecca Hume
The U.K government is putting crypto-assets at the heart of its growth agenda, relying on the Financial Conduct Authority to shore up regulation of the sector.
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June 11, 2025
UK Growth Push Puts FCA Enforcement On Unfamiliar Footing
The government's demand that regulators should prioritize growth is "largely incompatible" with their duty to deter misconduct, say lawyers who are warning clients not to interpret the political messaging as a green light to engage in risky behavior.
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June 11, 2025
EU Insurers Push For Major Cuts To Sustainability Reporting
A trade body for European insurers has urged the EU to "substantially" reduce the scale of one of its flagship sustainability reporting regimes, arguing that the framework needs clarification and simplification.
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June 11, 2025
EU Lawmakers Urged To Boost Share Settlement Competition
A trade body for financial institutions in Europe has asked lawmakers to prioritize making clearing and settlement service more competitive in plans to integrate and grow European Union capital markets.
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June 11, 2025
Irish Health Insurance Uptake Dips As Prices Rise
Ireland's Health Insurance Authority reported on Wednesday that the number of policies purchased in the sector has fallen, amid indications that rising prices for cover could be affecting the market.
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June 11, 2025
FCA Warns Financial Advisers Of Retirement Advice Failings
The City watchdog said Wednesday that it has found that companies providing retirement income advice are failing to record clients' financial situations or revisit their attitude to risk in a thematic review.
Expert Analysis
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UK Arbitration Ruling Offers Tips On Quelling Bias Concerns
An English court's recent decision in H1 v. W to remove an arbitrator because of impartiality concerns offers several lessons on mitigating bias, including striking a balance between arbitration experience and knowledge of a particular industry, and highlights the importance of careful arbitrator appointment, says Paul-Raphael Shehadeh at Duane Morris.
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Bias Ruling Offers Guidance On Disqualifying Arbitrators
An English court's recent decision in H1 v. W, removing an arbitrator due to bias concerns, reaffirms practical considerations when assessing an arbitrator's impartiality, and highlights how ill-chosen language by an arbitrator can clear the high bar for disqualification, say Andrew Connelly and Ian Meredith at K&L Gates.
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Insurance Policy Takeaways From UK Lockdown Loss Ruling
An English court's recent decision in Unipolsai v. Covea, determining that insurers' losses from COVID-19 lockdowns were covered by reinsurance, highlights key issues on insurance policy wordings, including how to define a "catastrophe" in the context of the pandemic, says Daniel Healy at Brown Rudnick.
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What COVID Payout Ruling Means For Lockdown Loss Claims
While the High Court's recent COVID-19 payout decision in Gatwick v. Liberty Mutual, holding that pandemic-related regulations trigger prevention of access clauses, will likely lead to insurers accepting more business interruption claims, there are still evidentiary challenges and issues regarding policy limits and furlough, say Josianne El Antoury and Greg Lascelles at Covington.
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Spartan Arbitration Tactics Against Well-Funded Opponents
Like the ancient Spartans who held off a numerically superior Persian army at the Battle of Thermopylae, trial attorneys and clients faced with arbitration against an opponent with a bigger war chest can take a strategic approach to create a pass to victory, say Kostas Katsiris and Benjamin Argyle at Venable.
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Top Court Hire Car Ruling Affects 3rd-Party Negligence Cases
The U.K. Supreme Court's recent decision in Armstead v. Royal & Sun Alliance, finding that an insurer was responsible for lost car rental income after an accident, has significant implications for arguing economic loss and determining burden of proof in third-party negligence cases that trigger contractual liabilities, say lawyers at Macfarlanes.
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Unpacking The Building Safety Act's Industry Overhaul
Recent updates to the Building Safety Act introduce a new principal designer role and longer limitation periods for defects claims, ushering in new compliance challenges for construction industry stakeholders to navigate, as well as a need to affirm that their insurance arrangements provide adequate protection, say Zoe Eastell and Zack Gould-Wilson at RPC.
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A Rare Look At Judicial Interpretation Of LEG Exclusions
A Florida federal court’s order last month in Archer Western-De Moya v. Ace American Insurance and an earlier decision from a D.C. federal court offer insight into how courts may interpret defects exclusion clauses developed by the London Engineering Group — filling a void in case law in the area, says Jonathan Bruce at Holman Fenwick.
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Ruling In FCA Case Offers Tips On Flexible Work Requests
In Wilson v. Financial Conduct Authority, the Employment Tribunal recently found that the regulator's rejection of a remote work request was justified, highlighting for employers factors that affect flexible work request outcomes, while emphasizing that individual inquiries should be considered on the specific facts, say Frances Rollin, Ella Tunnell and Kerry Garcia at Stevens & Bolton.
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Breaking Down The New UK Pension Funding Regs
Recently published U.K. pension regulations, proposing major changes to funding and investing in defined benefit pension schemes, raise implementation considerations for trustees, including the importance of the employer covenant, say Charles Magoffin and Elizabeth Bullock at Freshfields.
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Decoding UK Case Law On Anti-Suit Injunctions
The English High Court's forthcoming decision on an anti-suit injunction filed in Augusta Energy v. Top Oil last month will provide useful guidance on application grounds for practitioners, but, pending that ruling, other recent decisions offer key considerations when making or resisting claims when there is an exclusive jurisdiction clause in the contract, says Abigail Healey at Quillon Law.
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Cayman Islands Off AML Risk Lists, Signaling Robust Controls
As a world-leading jurisdiction for securitization special purpose entities, the removal of the Cayman Islands from increased anti-money laundering monitoring lists is a significant milestone that will benefit new and existing financial services customers conducting business in the territory, say lawyers at Walkers Global.
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How Decision On A Key Definition Affects SMEs
The Financial Conduct Authority's decision not to extend the definition of small and midsized enterprises may benefit banks and finance providers in the current high interest rate environment and where SMEs in certain sectors may be under financial pressure in light of the cost-of-living crisis in order to streamline it, says Rachael Healey at RPC.
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Employers Can 'Waive' Goodbye To Unknown Future Claims
The Scottish Court of Session's recent decision in Bathgate v. Technip Singapore, holding that unknown future claims in a qualifying settlement agreement can be waived, offers employers the possibility of achieving a clean break when terminating employees and provides practitioners with much-needed guidance on how future cases might be dealt with in court, says Natasha Nichols at Farrer & Co.
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Acquisition Of AI Tech Poses Challenges For Media Industry
The artificial intelligence regulatory landscape is changing quickly, and media and entertainment companies planning to acquire AI technology through a merger, acquisition or licensing deal should be mindful of potential new compliance requirements and AI-specific insurance products, say lawyers at Covington.