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Insurance UK
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July 11, 2025
Staley Tribunal Decision Could Fuel Challenges To FCA Fines
A landmark tribunal ruling that upheld the Financial Conduct Authority's ban of ex-Barclays CEO James "Jes" Staley from banking — but slashed his fine — could ultimately lead other executives with back-loaded pay packages to fight the watchdog's decisions, lawyers say.
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July 11, 2025
Insurers Brace For Disputes When US Tariff Pause Ends
The global economy is braced for further trade volatility in the coming months as a temporary pause on U.S. punitive tariffs on countries that have not struck trade deals expires on Aug. 1, with many experts predicting an increase in insurance disputes.
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July 10, 2025
Addleshaw Guides European Acquisition Of UK Pet Insurer
European pet health insurance company Santévet Group has acquired a majority stake in U.K.-based animal insurer Tedaisy Insurance Group, in a deal announced by advisers Addleshaw Goddard on Thursday.
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July 10, 2025
Aegon Urges Bold Pension Reforms In Anticipated UK Review
The U.K. government should launch its pensions adequacy review as part of its annual financial services strategy announcement next week, an insurer said Thursday.
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July 10, 2025
FCA Plans Investor Rule Overhaul To Boost Capital Markets
The Financial Conduct Authority said Thursday that it will amend its client categorization rules in a bid to encourage wealthy and experienced investors to plow more cash into London's ailing equity capital markets.
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July 10, 2025
L&G, Blackstone Join To Boost Annuities, Asset Management
Legal & General Group PLC said Thursday that it has penned a private credit partnership with Blackstone, the alternative asset management giant.
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July 10, 2025
BoE Head Bailey Opposes Gov't Pension Investment Mandate
The governor of the Bank of England has said he disagrees with the idea of requiring pension funds by law to invest in U.K. assets, in an intervention that experts say could have a knock-on effect for flagship legislation for the sector.
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July 09, 2025
Sweden Wins €60M Pension Fraud Case Against Financier
A London court has ruled that a financier defrauded the Swedish government by setting up an illegitimate investment fund that took €60.7 million ($71.1 million) from savers' pension accounts.
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July 09, 2025
Gov't Urged To Review State Pension As Cost Estimates Rise
The government should launch a review into whether to maintain the state pension triple lock, experts suggested, after it emerged that the cost of maintaining the policy will increase to more than £15.5 billion ($21.1 billion) a year by 2030.
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July 09, 2025
Insurers Argue $37M Liability Void Over Director's Charges
Six insurers told an appeals court Wednesday they should not have to pay $37 million to the owners of a cargo ship seized by the Indonesian navy because the policy was rendered void by the owner's failure to disclose that its director faced criminal charges.
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July 09, 2025
Authorities Urged To Stagger Local Gov't Pension Fixes
The U.K. government should stagger the raft of proposed fixes to the Local Government Pension Scheme so as not to overwhelm administrators, Hymans Robertson has warned, calling for expectations to be realistic.
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July 09, 2025
BoE Flags Cyber Risk Blind Spots In Stress Test
The Bank of England's regulatory arm has warned companies that financial firms are ill-prepared for a cyberattack that threatens timely settlements.
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July 09, 2025
Zurich Loses Appeal For Software Patent At EPO
Zurich Insurance has lost its latest attempt to secure a patent over its software that helps multiple users work on a project, failing to convince a European appeals board that the technology is inventive.
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July 09, 2025
CMS Guides Utmost On 4 Pension Deals Worth £177M
Utmost Life and Pensions said on Wednesday that it has penned four retirement savings deals worth £177 million ($240 million) since the start of 2025.
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July 08, 2025
Howden Teams Up With Law Firm For Crypto Theft Product
Broking giant Howden has released a cryptocurrency theft insurance and recovery product in partnership with law firm Lawrence Stephens, in what it called a first-of-its-kind solution for the sector.
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July 08, 2025
EU Markets Regulator Unveils Plan To Cut Emissions By 2030
Europe's financial markets watchdog published Tuesday its first climate transition plan as a step toward meeting the European Union's climate objectives.
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July 08, 2025
2 Firms Steer Insurance Group CRC's Lloyd's Underwriter Buy
The wholesale insurance broker CRC Group has agreed to acquire the U.K.-based underwriting business Atrium from private equity firm Stone Point Capital.
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July 08, 2025
Underwriters Back FCA Move To Pare Back Insurance Rules
A trade group representing underwriters in London has backed plans floated by the Financial Conduct Authority to ax unnecessary requirements from its insurance rule book, but said areas of the proposals require clarification.
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July 08, 2025
Insurance Consultancy BW Acquires Cybersecurity Firm
Barnett Waddingham said Tuesday it has acquired advisory business Risk Evolves, a move the insurance consultancy expects will strengthen its offering for clients.
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July 07, 2025
PRA Flags Risks In Pension Deals Over Solvency Clauses
The regulatory arm of the Bank of England has warned the insurance industry that certain clauses in the terms of bulk purchase annuity transactions could expose them to risks totaling approximately £50 billion ($68 billion).
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July 07, 2025
Pension Regulator Teams With Industry On Net-Zero Transition
The Pensions Regulator said Monday it will work with workplace pension schemes and financial advisers to develop a format for occupational pension schemes to develop voluntary transition plans in line with the government's aim to reach net-zero by 2050.
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July 07, 2025
First Valuation Submitted Under New Pension Funding Code
Barnett Waddingham said Monday it had filed the first pension valuation of a retirement scheme under the new defined benefit funding code introduced by The Pensions Regulator last year.
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July 07, 2025
UK Regulators To Speed Up Lloyd's Agent Approvals
U.K. finance regulators and Lloyd's of London said Monday that they had agreed to changes to accelerate the authorization process for managing agents at the London insurance market.
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July 07, 2025
FCA Amends Exposed-Persons Definition In AML Guidance
The City watchdog published amended guidance on Monday on politically exposed persons that loosen the rules for holders of prominent public positions in the U.K., in a bid to make the safeguards more proportionate.
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July 07, 2025
Actuaries Warn Over Safeguards In Pension Surplus Rules
Most consulting actuaries do not believe that there should be a level at which pension plan trustees are required to release surplus funds tied up in their plans, in line with measures announced by the government, a trade body said Monday.
Expert Analysis
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3 Brexit Scenarios And Their Implications For US-UK Trade
Brexit negotiations are likely to result in one of three scenarios later this month: a Brexit deal, no Brexit at all or a "hard" no-deal Brexit. Each possibility will have different implications for the prospects of a U.S.-U.K. free trade agreement, says Dean Pinkert of Hughes Hubbard & Reed LLP.
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Frustrating Events: Are Your Contracts Brexit-Proof?
In Canary Wharf v. European Medicines Agency, the U.K. High Court recently ruled that the U.K.'s withdrawal from the European Union will not discharge the EMA's lease obligations. Following Brexit, most similar arguments invoking force majeure or frustration are unlikely to succeed, say Rebecca Dipple and Wayne Hofer of Orrick Herrington & Sutcliffe LLP.
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Simple Secrets For Writing A Killer Brief
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.
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What 2019 Has In Store For UK Data Protection
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.
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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.