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Insurance UK
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April 04, 2025
Pension Protection Fund Says 'Time Is Right' To Review Rules
Britain's pensions compensation fund has said the "time is right" to review a range of key areas of its governing legislation, including how it sets its levy and rules determining how benefits for older pensioners rise.
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April 04, 2025
Cyber Insurance Market To Double By 2030, Munich Re Says
The cyber insurance market is expected to more than double by 2030 at an annual growth rate of over 10% despite slow growth in the last two years, German multinational reinsurance company Munich Re said Friday.
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April 04, 2025
TUI Pilot Wins Pension After Losing Forced Retirement Claim
An employment tribunal has ruled that a former TUI Airways pilot is entitled to almost £15,000 ($19,500) in pension contributions, despite tossing his claim for age discrimination and unfair dismissal the year before.
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April 04, 2025
Pension Members 'Afraid' Of Gov't Surplus Extraction Plans
Nearly all members of defined benefit pension schemes in Britain do not want politicians interfering in their operations, polling reveals, as policymakers move to relax retirement savings rules to allow schemes to invest billions of pounds tied up in surpluses.
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April 04, 2025
UK Gov't Urged To Tackle Pensions Advice Gap In Review
The government must use the next phase of its pension review to address why so few workers take advice on their retirement options, a trade body said Friday.
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April 04, 2025
UK Insurers Could Push Through Price Hikes From Tariffs
British insurers could be forced to push through price hikes due to new U.S. trade tariffs, experts warned Friday, amid a looming risk of rising claims bills.
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April 04, 2025
UK Pension Funds Braced To Weather Bond Market Turmoil
British pension schemes are most likely sufficiently hedged to withstand the current volatility in bond markets, experts said, amid growing concern over a global trade war.
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April 03, 2025
Property Co. Sues Broker For £2M Over Fire Claim Refusal
A property developer has sued an insurance broker for almost £2 million ($2.6 million) for its allegedly bungled handling of an insurance policy that resulted in Aviva refusing to cover for a fire that destroyed a Grade II listed building.
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April 03, 2025
Gowling, Police Team Up To Recoup Fraud Victims' Assets
City of London Police said Thursday that it has teamed up with international law firm Gowling WLG to support victims of fraud through a civil asset recovery program.
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April 03, 2025
Pensions Watchdog Issues £98K In Fines Over 'Value' Reports
The retirement savings watchdog said Thursday that it has fined small pension plans almost £98,000 ($129,000) for breaches of governance regulations introduced in 2021.
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April 03, 2025
Insurance Trade Body Names Swinburne New Chair
The Association of British Insurers said Thursday that it has named former member of the European Parliament Jacqueline Swinburne as its new independent chairperson to succeed Nicky Morgan, with immediate effect.
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April 03, 2025
UK Trustee Firms Face New Regulatory Oversight
Britain's retirement savings watchdog has unveiled plans formally to regulate professional trustee firms amid significant growth in the sector.
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April 03, 2025
Ireland Warns On Premiums After Fall In Injury Claims Value
The government of Ireland has warned insurers over the price of cover after official figures revealed a drop in the value of injury claims.
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April 03, 2025
Pinsent Masons Promotes 24 Partners In Latest Global Round
Pinsent Masons said Thursday that it has promoted 24 lawyers to its partnership, a slight rise from 2024's numbers, with women accounting for more than half of those who made the grade.
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April 02, 2025
City Seeks Regulatory Talks With US Amid Trade Tension
A U.K. financial services trade body called on the government Wednesday to enter stronger financial regulatory dialogues with the U.S. and other countries amid trade uncertainties, boosting investment in high-growth companies.
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April 02, 2025
Management Biz. Loses Costs Bid Over Consultant's Theft
An employment tribunal has refused to force a director to pay the £12,060 ($15,645) that a workforce management firm incurred in defending his claims of unfair dismissal, ruling he didn't sue vexatiously.
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April 02, 2025
FCA 'Thinking Radically' On Savings Welcome, LCP Says
The Financial Conduct Authority "thinking radically" about allowing savers to use accrued pension pots for house deposits is "very encouraging," Lane Clark & Peacock LLP has said.
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April 02, 2025
Gov't Told To Reform PPF On Pension Surplus Extraction Plan
The government must extend the safety net of the Pension Protection Fund if it wants retirement schemes to release up to £160 billion ($207 billion) in surpluses to the wider economy, a think tank warned Wednesday.
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April 02, 2025
Insurers Back EU Delay To Sustainability Rules
European insurers on Wednesday publicly backed the executive branch of the European Union's proposal to temporarily suspend implementing two flagship sustainability regimes, saying the delay allows time to streamline several of the planned reporting requirements.
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April 02, 2025
Gov't Confirms Major Delays For NHS Workers In Pension Fix
The government has admitted that hundreds of thousands of people receiving a National Health Service pension will need to wait nearly two years to see their benefits potentially increase.
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April 09, 2025
DLA Piper Hires Insurance Heavyweight From Keystone
DLA Piper has hired a corporate insurance veteran as a partner in London, as the firm continues to strengthen its European team.
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April 01, 2025
DWF Avoids Doc Request In Health Data Breach Claim
DWF Law LLP dodged an order in court Tuesday to hand over documents to three people who allege that the law firm unlawfully shared their health data, after a London judge concluded that the request was merely a fishing expedition.
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April 01, 2025
EU Watchdogs Call For Simplified Securitization Rules
The European Union's finance watchdogs have called on the European Commission to simplify the rules governing securitizations in a bid to make the market more competitive.
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April 01, 2025
EBRD Launches €1B Insurance Facility For Ukrainian Exports
The European Bank for Reconstruction and Development has launched a new war insurance facility that it says will provide up to €1 billion ($1.07 billion) in cover for Ukrainian exports every year.
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April 01, 2025
Reform Pensions To Tackle Retirement Risks, Think Tank Says
Pension reforms are necessary to ensure that savers can successfully navigate the "risks and complexities" of managing their retirement savings in later life, the Institute for Fiscal Studies warned Tuesday.
Expert Analysis
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Post-Pandemic Litigation To Expect In England And Wales
Globally, we are already starting to see insolvency-related claims and a number of insurance, breach of contract, employment and securities class actions across numerous sectors. These and other claims will likely increase for U.K. businesses, say Tracey Dovaston and Fiona Huntriss at Boies Schiller.
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UK Lawyers Can Adapt Due Diligence To Screen New Clients
As COVID-19-related fraud gains pace, U.K.-based practitioners should help combat money laundering by using alternative methods to verify that new clients are who they say they are, says Christopher Convey, a barrister at 33 Chancery Lane and chair of the Bar Council's Money Laundering Working Group.
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A UK Business View Of COVID-19's Economic Fallout
Covington attorneys Alex Leitch and Harry Denlegh-Maxwell provide a bird's-eye view of how U.K. businesses will navigate the legal and economic aftermath of the pandemic, including discussion of where litigation funding, class actions, insurance disputes and force majeure fit it.
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Remote Depositions Bring Ethics Considerations For Lawyers
Utilizing virtual litigation technologies and participating in remote depositions require attorneys to beware of inadvertently violating their ethical obligations, including the principal duty to provide competent representation, say attorneys at Troutman Sanders.
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Time For Presumptive Virtual Mediation In The UK
While the COVID-19 outbreak is a real-time test of the U.K. justice system’s adaptability and innovation, it is also an opportunity to deliver alternative dispute resolution through virtual technology — and there are two ways in which this could be achieved, says Suzanne Rab at Serle Court.
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UK 'Property' Classification Boosts Confidence In Bitcoin
In AA v. Persons Unknown, the English High Court classified bitcoins as property that can be the subject of proprietary injunctions, indicating the slow but growing acceptance of virtual currencies within the U.K., say Steven De Lara and Colin Grech at Signature Litigation.
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3 EU And UK Data Protection Tips During COVID-19
Though EU and U.K. data protection laws should not impede the fight against COVID-19, companies must continue to protect individuals' data, and the challenges of managing a remote workforce and the desire for information about the virus’s impact have significant implications for that responsibility, say attorneys at Debevoise.
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Novolex Case Brings Lessons On R&W Insurance
A New York state court dispute between Novolex and a few of its insurers concerning coverage under a representations and warranties policy for a $267 million loss offers a rare glimpse into how a court might interpret acquisition agreements and insurance policy provisions, say attorneys at Hunton.
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How Proposed EU Class Action Directive Could Affect Insurers
Insurers should beware the explosive potential of the EU's proposed directive providing for cross-border class actions and third-party funding for such actions, although it also bears strict requirements that will limit the number of cases, say Emmanuèle Lutfalla and Simon Fitzpatrick at Signature Litigation.
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COVID-19 Insurance Considerations For UK Cos.
Though a new U.K. regulation recently made it easier for businesses to claim losses related to COVID-19, potential points of contention when seeking insurance coverage include whether the government ordered the business to close and whether an outbreak occurred at the premises, say attorneys at Covington.
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UK Group Data Breach Claims Pose Big Financial Risks
Recent English court decisions appear to make it easier for data breach victims to bring collective actions, and consequently companies may find they are liable for huge sums in addition to fines under the General Data Protection Regulation, say attorneys at Morrison & Foerster.
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A Crucial Chance For UK Supreme Court To Clarify Arbitrator Bias
In Halliburton v. Chubb, the U.K. Supreme Court has an opportunity to tackle uncomfortable questions and support confidence in London's arbitration sector by policing effectively against bias and impartiality when arbitrators are involved in multiple tribunals, says Rosie Wild at Cooke Young.
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Rebuttal
Legal Industry Should Pursue AI Prediction Progress
As part of the debate prompted by my recent Law360 guest article on legal prediction using artificial intelligence, I would like to unpack four issues and suggest that attorneys and technologists continue to tackle the problems presently within reach, says Joseph Avery at Claudius Legal Intelligence.
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Rebuttal
AI Can't Accurately Predict Case Length And Cost — Yet
A recent Law360 guest article argued that artificial intelligence can precisely estimate the length and cost of a new case, but several limitations will likely delay truly accurate predictions for years to come, says Andrew Russell at Shaw Keller.
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What To Expect During The Brexit Transition Period
While all formal ratification procedures for the U.K.'s departure from the European Union have been completed, the transitional period will bring an enormous range of trade, customs and regulatory issues, say attorneys at Mayer Brown.