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Insurance UK
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October 30, 2025
Gov't Launches Plan To Boost Pension Credit Uptake
The government launched a drive to boost take-up of pension credit available to people of state pension age with low incomes on Thursday as it seeks to narrow regional disparities in claims.
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October 30, 2025
EU Eases Capital Rules For Banks, Insurers To Help Growth
The executive body of the European Union has eased some capital rules for institutional investors to help them invest more in the economy and boost bloc-wide growth.
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October 30, 2025
Reinsurers Say Bank Filed Russian Jet Engine Claim Too Late
A group of reinsurers has denied owing Bank of Utah $9.5 million over a jet engine allegedly stuck in Russia since the country's invasion of Ukraine, saying the claim is time-barred under Russian law.
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October 30, 2025
Ombudsman Complaints Down But Insurance Cases Rise
The number of insurance complaints has increased by 14% over the past quarter, the U.K.'s financial arbitration body said, even as overall complaints across all sectors declined.
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October 30, 2025
FCA Investigating 76 Cases Of Non-Financial Misconduct
The Financial Conduct Authority is currently investigating 76 cases of bullying, harassment or discrimination in the financial sector, a senior executive has told a parliamentary committee.
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October 30, 2025
Wachtell, Debevoise Help AIG Buy $2.1B Stake In Insurer
Insurance heavyweight AIG, led by Wachtell and Debevoise, said Thursday that it will buy a minority stake in Weil-guided underwriter and insurer Convex Group Ltd. for $2.1 billion.
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October 29, 2025
Zurich Launches 'Moonshot Factory' AI Insurance Lab
Insurance giant Zurich on Wednesday said it has launched an artificial intelligence lab to "revolutionize" its business model and develop what it called the next generation of insurance solutions.
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October 29, 2025
UK Launches Review Of Controversial 'Whiplash' Reforms
The government said Wednesday that it has launched a review of its 2021 reform program for "whiplash" personal injury claims, amid industry concerns over delays to compensation and the failure of insurers to pass on savings to policyholders.
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October 29, 2025
Firms That Overstate AI Capabilities Face Risks, Insurer Warns
Companies that over-hype the impact of new artificial intelligence technologies on their business could face potential shareholder or regulatory action down the road, an insurer warned.
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October 29, 2025
Allianz Calls For Unified Data Framework For Self-Driving Cars
Government agencies and insurers should work together on areas such as swapping information about automated vehicles, Allianz UK said, adding that prompt access to data will be needed if there are accidents involving such cars.
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October 29, 2025
Aviva Says Colleges' £62M COVID Losses Fall Outside Policy
Aviva Insurance has denied it is wrongfully refusing to pay out over losses of more than £62 million ($82 million) allegedly suffered by a group of University of Oxford colleges during the COVID-19 pandemic, claiming the disruption fell beyond the policy's cover.
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October 29, 2025
Former Covea Execs To Launch New UK Motor Underwriter
Lumara Insurance, a new U.K.-based commercial combined managing general agent will launch before the end of the year, the company's incubator Mission said Wednesday.
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October 29, 2025
TPT Appoints All-Female Trustee Board For New Pension Plan
TPT Retirement Solutions said Wednesday it has appointed an all-female board of trustees for its multi-employer collective defined contribution pension savings plan.
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October 29, 2025
Standard Life Says Millions Have Lost Track Of Pension Pots
Millions of savers could be missing out on valuable retirement funds, Standard Life said Wednesday, as new research revealed widespread confusion and neglect around workplace pensions.
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October 28, 2025
AXA Renews Insurance Partnership With Avantia Group
Insurer AXA UK revealed a five-year extension to its partnership with Avantia Group on Tuesday, reconfirming an arrangement under which AXA underwrites policies for customers of Avantia's Homeprotect brand.
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October 28, 2025
UK Gov't Told To Reconsider Pension 'Triple Lock' Pledge
Britain's policymakers should establish a clear adequacy level for the state pension so it meets minimum income standards for retirement before potentially abandoning the triple lock policy for a more sustainable system, a trade body has said.
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October 28, 2025
FCA Drafts Policy On Emergency Short-Selling Powers
The Financial Conduct Authority released a draft policy on Tuesday on how it would use its "emergency powers" to stop or restrict short selling, in a new regime that will anonymize individual major short sellers.
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October 28, 2025
Hogan Lovells Guides Royal London's £16M Pension Deal
Insurer Royal London said Tuesday that it has covered £16 million ($21 million) of pension liabilities for British door manufacturer Premdor Crosby.
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October 28, 2025
UK To Regulate ESG Ratings In Push For Market Transparency
The government has introduced legislation that will bring providers of environmental, social and governance ratings under the regulatory remit of the Financial Conduct Authority.
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October 28, 2025
BP Marsh To Sell Stake In Canadian Underwriter For $37M
Specialist investor BP Marsh said Tuesday it has agreed to sell its 28.2% stake in Stewart Specialty Risk Underwriting Ltd. for 51.9 million Canadian dollars ($37 million), marking its full exit from the agency.
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October 27, 2025
Finance Sector Asks BoE To Clarify Settlement Extensions
A financial trade body warned the Bank of England on Monday to clarify its roadmap for extending settlement times on high-value CHAPS payments and to improve technical support if the system is to work.
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October 27, 2025
UK Civil Service Pension Plan Marked By 'Successive Failures'
The Cabinet Office has not effectively managed the outsourced administration of the Civil Service Pension Plan, a parliamentary committee has found, ruling that the government has "successively" failed in its oversight of the scheme.
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October 27, 2025
Slaughter & May-Led L&G Seals £4.6B Ford Pension Buy-Ins
Legal & General said Monday it has completed a £4.6 billion ($6.1 billion) buy-in of two pension plans for motor manufacturer Ford, taking on liability for the retirement benefits of more than 35,000 members.
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October 27, 2025
Asset Managers Oppose EU Centralized Supervision
A trade body warned Monday that proposals by the European Union to centralize regulation of asset managers would prove ineffective or add complexity without improving the current passporting regime.
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October 27, 2025
Insurance Staffer Loses Reconsideration Bid Over Resignation
An employment tribunal has rejected a bid by an executive assistant to have a ruling that found an insurance broker did not force her to resign reconsidered because there is "no reasonable prospect" of the judgment being varied or revoked.
Expert Analysis
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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.
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Answers To Key Legal Finance Ethics Questions
While there is discussion in some quarters about new regulations on commercial legal finance, the hands-off approach taken by the majority of courts and legislatures is an implicit recognition that it is already sufficiently regulated, says Danielle Cutrona of Burford Capital.
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Competing Legal Factors Vex Insurance Arbitration Disputes
The Fifth Circuit ruled in May that international arbitration policy trumped state insurance law in McDonnel Group v. Great Lakes Insurance. But the courts have been inconsistent in applying conformity-to-statute clauses, the McCarran-Ferguson Act and a related U.S. treaty in the battle between federal preemption and state reverse preemption, says Gilbert Samberg at Mintz.
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Cannabis Investors Should Beware Money Laundering Risk
Even if marijuana-related businesses are in compliance with local laws, their investors are not free of legal risk so long as cannabis remains a controlled drug in other countries, such as the U.K., say Robert Dalling and Wade Thomson of Jenner & Block.
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Real-Life Lessons For Lawyers From 'Game Of Thrones'
What lessons can the various hands, maesters, council members and other advisers in "Game of Thrones" impart to real-life lawyers? Quite a few, if we assume that the Model Rules of Professional Conduct were adopted by the Seven Kingdoms, says Edward Reich of Dentons.
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UK Firms Should Be Prepared For Government Raids
Recent enforcement activity from the Financial Conduct Authority and other regulators highlight the penalties firms face for procedural breaches, and the value in ensuring that employees are well-equipped to handle unannounced inspections, say James Marshall and Sonja Hainsworth of Bryan Cave.
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Series
Why I Became A Lawyer: Completing The Journey Home
My mother's connection to her Native American heritage had a major influence on my career — my decision to enter the legal profession was driven by the desire to return to my tribal community and help it in any way I could, says Jason Hauter of Akin Gump.