Insurance UK

  • May 09, 2025

    EU Fund Managers Call To Simplify EU Sustainability Package

    Europe's fund managers on Friday backed the European Union's bid to streamline the bloc's sustainability regulations, but warned "excessive" reductions in reporting requirements could limit investors' access to crucial environmental, social, and governance data.

  • May 09, 2025

    Gov't Announces Overhaul Of £25B Welsh Pension Fund

    The U.K. government said Friday that the £25 billion ($33.2 billion) public sector Wales Pension Partnership fund will be overhauled to invest more in local communities, as part of a wider effort to tap the retirement savings industry for growth in Britain.

  • May 08, 2025

    Broker Denies Negligence In £2M Fire Coverage Claim

    An insurance broker argues that it does not owe a property developer £2 million ($2.7 million) for allegedly mishandling its policy because the developer failed to disclose that a building had suffered break-ins and vandalism, which ultimately caused the property's insurer to refuse a payout after a fire.

  • May 08, 2025

    2nd Circ. Revives Arbitration In Hurricane Damage Suit

    The Second Circuit on Thursday revived a bid by surplus insurers seeking to arbitrate claims over hurricane-related property damage in Louisiana, in a ruling that overturns its own precedent on the interpretation of a treaty governing international arbitration.

  • May 08, 2025

    FCA Names Payments And Digital Finance Head Amid Merger

    The Financial Conduct Authority said Thursday that it has appointed a single executive to the positions of permanent executive director for payments and digital finance and managing director of the Payment Systems Regulator, months after the government disclosed plans to merge the two authorities.

  • May 08, 2025

    Aon Sued For $1.3M By Ex-Exec Over 'Unpaid' Bonus, Stock

    Aon's former insurance consulting chief has sued for more than $1.3 million worth of bonus and stock options, accusing the company of failing to live up to the original deal he negotiated when he joined from Willis Towers Watson.

  • May 08, 2025

    TPT Floats UK's First Multiemployer Collective Pension Plan

    TPT Retirement Solutions said Thursday it plans to launch a multiemployer collective defined pension scheme, after the government said it will roll out new legislation for the sector in the autumn.

  • May 08, 2025

    FCA Flags Risky Investment Practices At Small Asset Firms

    The Financial Conduct Authority said Thursday that many small asset managers have ineffective arrangements to manage conflicts of interest and inadequate processes to offer high-risk investments.

  • May 08, 2025

    Sackers Guides Trustee In Standard Life's £280M Pension Deal

    Standard Life and Cancer Research UK's retirement savings plan have concluded a £280 million ($372 million) bulk purchase annuity transaction, the pensions giant said Thursday, with the trustee guided by Sacker & Partners LLP.

  • May 08, 2025

    Franco Manca Owner Settles COVID-Cover Fight With QIC

    The owner of popular high-street pizzeria Franco Manca has agreed to settle its dispute with QIC Europe Ltd. over losses the restaurant chain claimed to have suffered after it temporarily closed sites at the height of the COVID-19 pandemic.

  • May 07, 2025

    AmTrust Hit With £11.7M Claim Over Post-Grenfell Repairs

    A social housing provider has sued AmTrust Europe Ltd. for over £11.7 million ($15.6 million) for allegedly refusing to pay out to fix issues the provider uncovered during an investigation prompted by the deadly Grenfell fire in 2017.

  • May 07, 2025

    Finance Trade Body Warns AI Can Amplify Misconduct Risk

    A U.K. trade body for financial firms warned a group of members of Parliament at a hearing Wednesday that artificial intelligence amplifies the risk that banks could screen out unwanted customers without anyone knowing, in defiance of the Consumer Duty.

  • May 07, 2025

    Intellica Acquires Pensions Consultancy Cosan

    Pensions technology consultancy Intellica Ltd. said on Wednesday that it has bought rival Cosan Consulting Ltd. in a bid to boost resources to address the challenges faced by the retirement savings sector.

  • May 07, 2025

    Lloyd's Broker Appears In Court On Ecuador Bribery Charges

    A Lloyd's of London broker appeared in court Wednesday accused by the Serious Fraud Office of failing to prevent a U.S.-based intermediary from making corrupt payments in Ecuador in order to secure contracts worth $38 million.

  • May 07, 2025

    EU Watchdog To Advise Tightening Insider Dealing Rules

    The EU markets watchdog specified on Wednesday in advice to the European Commission on insider dealing rules for companies listing shares that profit warnings must be disclosed immediately rather than delay until accounts are produced.

  • May 07, 2025

    MPs Launch Fresh Probe Into Civil Service Pension Plan

    A cross-bench parliamentary committee has launched a new inquiry into how members of the civil service pension plan are treated amid ongoing scrutiny over historical failings associated with the program.

  • May 06, 2025

    Trade Body Calls For Swift Action On Pension Surplus Plan

    The U.K. must act swiftly in developing a new regime to allow businesses to tap into well-funded pension plans to invest in themselves or the wider economy, a trade body urged Tuesday.

  • May 06, 2025

    Financial Complaints Skyrocket After Motor Finance Ruling

    The U.K.'s financial complaints watchdog said Tuesday that it received more than 140,000 reports about financial businesses in the last six months of 2024, up almost 49% on the same period a year earlier, after a landmark ruling that requires motor finance lenders to disclose commissions.

  • May 06, 2025

    Marsh Blamed For $143M Loss On Greensill As Trial Opens

    The investment firm White Oak said it would never have invested in a financial scheme set up by now-collapsed Greensill Capital if it had not relied on misleading statements provided by the insurance broker Marsh about its cover, the firm's lawyers said at the opening of an almost $143 million trial Tuesday.

  • May 06, 2025

    EU Watchdog Proposes New Rules For ESG Ratings Firms

    The European Union's markets watchdog has proposed new rules for providers of ESG ratings in a move to prevent conflicts of interest and improve their disclosures.

  • May 06, 2025

    Greensill, Gupta Get 2027 Trial Date Over $400M Row

    Administrators overseeing part of the collapse of Lex Greensill's empire will head to trial in October 2027 to seek $400 million from a Swiss insurance giant that has accused the financier and one of his major former clients, Sanjeev Gupta, of fraud. 

  • May 06, 2025

    Gallagher Boosts Turkish Operations With Aspera Buy

    U.S. insurance giant Arthur J. Gallagher & Co. said Tuesday that it has acquired boutique Turkish broker Aspera to support its growth plans in the region, which it described as a "strategic insurance hub" between Asia and Europe.

  • May 02, 2025

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen Premier League football club Newcastle United FC sue the owner of the land next to its stadium, Laurence Fox face a defamation claim by TV presented Narinder Kaur and a further sexual assault claim filed against actor Kevin Spacey.

  • May 02, 2025

    FCA Proposes Curb On Purchase Of Crypto-Assets On Credit

    The Financial Conduct Authority proposed on Friday to restrict how far cryptocurrency companies could go in allowing consumers to buy crypto-assets on credit, part of its planned regulatory regime for the sector.

  • May 02, 2025

    US Tariffs Spark Concerns for Unhedged Pension Assets

    European pension funds that have significant unhedged dollar assets could be in trouble, experts warned Friday, as unprecedented market volatility was sparked imposition of U.S. trade tariffs.

Expert Analysis

  • The Outlook For Autonomous Vehicles In The UK And US

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    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.

  • Brexit's Impact On London As A Top Int'l Arbitration Seat

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    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.

  • Post-Brexit UK Likely To Conform With EU On Human Rights

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    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.

  • The Evolution Of GDPR Enforcement Across The EU

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    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.

  • Series

    Why I Became A Lawyer: Being There For Families In Trouble

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    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.

  • 3 Ways To Leverage Vulnerability For Lawyer Well-Being

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    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.

  • Zurich Case Brings Clarity To Complex Contempt Proceedings

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    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.

  • What A No-Deal Brexit Would Mean For Dispute Resolution

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    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.

  • The Problem — And Opportunity — Of Implicit Bias In The Bar

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    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.

  • Roundup

    Pursuing Wellness

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    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.

  • Series

    Why I Became A Lawyer: Expanding The Meaning Of Diversity

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    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.

  • 2 Perspectives On Navigating The Litigation Funding Process

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    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.

  • Answers To Key Legal Finance Ethics Questions

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    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.

  • Competing Legal Factors Vex Insurance Arbitration Disputes

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    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.

  • Cannabis Investors Should Beware Money Laundering Risk

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    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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