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Insurance UK
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September 04, 2025
UK's AI Sector Hits Record £2.9B Investment In 2024
Investors plugged a record £2.9 billion ($3.9 billion) into British artificial intelligence companies in 2024, the government has said, as it set out plans to help grow the U.K.'s AI assurance market.
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September 04, 2025
UK Set To Close Loopholes In Money Laundering Rules
HM Treasury has released detailed draft changes to the anti-money laundering regime to close regulatory loopholes exploited by businesses in all sectors, including crypto-asset companies.
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September 04, 2025
Chinese Insurers Leading Race To Cover Renewable Energy
The global renewable insurance market grew from $5.65 billion in 2020 to $8 billion in 2024, with insurers from China underwriting most premiums in recent years, analysis from a campaign group shows.
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September 03, 2025
Insurers Win Arbitration Of Nursing Home Coverage Fight
A Louisiana federal judge has ordered the holder of a mortgage on a New Orleans nursing home to arbitrate hurricane damage claims against a group of insurers, saying the company was bound to an underlying arbitration clause in the insurance policy despite not signing it.
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September 03, 2025
4 Firms Steer $2.7B Sale Of Aon's NFP Wealth Biz
Aon said Wednesday it has agreed to sell various business units that make up the majority of NFP's wealth management operations to private equity firm Madison Dearborn Partners in a transaction worth $2.7 billion, with Skadden, Dentons, Paul Weiss and Kirkland representing the parties.
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September 03, 2025
UK Autumn Budget Set For November, Reeves Confirms
The U.K. government will announce its autumn budget in November, Chancellor of the Exchequer Rachel Reeves said Wednesday amid growing speculation that the government will raise taxes to cover the rising cost of borrowing.
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September 03, 2025
Investors Lose Bid For Pension Orders In AI Bike Fraud Case
Investors seeking to enforce a fraud judgment against the founders of an AI-driven exercise bike company suffered a setback Wednesday, when a London judge declined to finalize interim debt orders against the founders' pensions.
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September 03, 2025
EU Trade Body Wants Relaxed Bank Rules For Consolidation
A trade body for European financial institutions has called for widespread reform of rules on capital, ring-fencing and crisis resolution for banks, steps it claims would boost competitiveness and industry consolidation.
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September 03, 2025
Council Loses Bid To Recover £20M Pension Investment Loss
An English council on Wednesday lost its bid to wind up a failed Luxembourg-based fund to recover a £20 million ($27 million) pension investment, with a London appeals court ruling the entity was not a company for the purposes of insolvency legislation.
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September 03, 2025
Insurer Aviva Halts £60M Of Fraudulent Insurance Claims
Insurance giant Aviva said Wednesday it prevented over £60 million ($80.6 million) worth of fraudulent claims in the first six months of the year.
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September 03, 2025
RPC Guides US Insurer On $555M Buy Of Lloyd's Underwriter
Houston-based insurer Skyward Specialty has bought Lloyd's of London managing agent Apollo Group Holdings Ltd. for $555 million, in a deal steered by RPC and Willkie Farr & Gallagher LLP.
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September 03, 2025
'Deteriorating Outlook' For Reinsurers As Claims Mount
Profits for the global reinsurance sector are likely to dip in 2026 because of an increase in competition on pricing and mounting losses from natural catastrophes, a ratings agency has said.
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September 03, 2025
Aegon Nets €700M From Dutch Insurer Share Sale
Global financial services company Aegon said on Wednesday that it has lowered its stake in Dutch insurer ASR Nederland NV by selling its shares and has raised €700 million ($815 million) in the process.
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September 03, 2025
Davies Group Launches New Wholesale Insurance Broker
Professional services and technology business Davies Group Ltd. said Wednesday that it has launched a specialist property and casualty wholesale insurance brokerage.
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September 02, 2025
FCA Calls For Legal Clarity If Trustees Refuse Gov't Mandate
The Financial Conduct Authority warned a parliamentary committee Tuesday that the government's Pensions Schemes Bill requires secondary legislation to clarify how trustees can safely refuse any government direction on how to invest funds in the private economy.
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September 02, 2025
UK Gov't To Fix Fallout From Virgin Media Pensions Ruling
The government has floated new rules for pension funds that experts say could offer a way out of the legal limbo they've faced since a landmark court judgment more than a year ago.
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September 02, 2025
Clifford Chance-Led Online Marketplace Plans Swiss IPO
Online marketplace owner Swiss Marketplace Group AG said on Tuesday that it is planning to float its existing shares on the SIX stock exchange of Switzerland in an initial public offering.
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September 02, 2025
Reform UK Slams £1B 'Waste' In Municipal Pension Plan Fees
Right-wing political party Reform UK said it believes that an overhaul is needed in the way Britain's £391 billion ($523 billion) municipal pension fund is managed, claiming £1 billion is wasted every year on investment fees.
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September 09, 2025
Keoghs Hires 4 New Partners From Clyde & Co.
Insurance specialist Keoghs LLP said Tuesday that it has snapped up four new partners from Clyde & Co. LLP to boost its legal services to clients from its offices in Scotland and Northern Ireland.
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September 02, 2025
Weil, Proskauer-Led Bain Capital To Buy UK Insurance Broker
Bain Capital has agreed to acquire British commercial insurance company Jensten Group from private equity firm Livingbridge, with the venture capital outfit saying that the insurer has "significant growth potential."
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September 01, 2025
Top Commercial Dispute Rulings Of 2025: Midyear Report
England's courts have dealt in the first half of 2025 with a multibillion-dollar legal dispute with insurers over planes stuck in Russia, slashed the exposure faced by banks over motor finance claims and set out how the proceeds from a landmark class action against Mastercard should be distributed.
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September 01, 2025
Utah Bank Sues Insurer For $10M Over Aircraft Engine 'Loss'
Bank of Utah has sued Russian insurance company AlfaStrakhovanie for up to $10 million over a jet engine allegedly stuck in Russia since the country's invasion of Ukraine in 2022.
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September 01, 2025
Insurers Urged To Address Gap In Europe's Net Zero Coverage
A trade body for European risk managers urged insurers on Monday to close gaps in coverage for technologies that are critical to the bloc's transition to net zero emissions.
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September 01, 2025
Pensions Body Calls For Safeguards On Gov't Surplus Plan
New laws that allow businesses to tap into an estimated £160 billion ($217 billion) in pension surpluses must have safeguards to protect members of savings plans, a trade body warned Monday.
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September 01, 2025
Clyde & Co. Expands To Netherlands With Merger
Clyde & Co. said Monday that it has opened for business in the Netherlands by merging with insurance specialist Stadermann Luiten Advocaten, a law firm based in Rotterdam.
Expert Analysis
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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.
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Opinion
Legal Prediction Is Demanding But Not Impossible
The New Jersey Supreme Court’s recent decision in Balducci v. Cige incorrectly concluded that predicting the length and cost of a case is nearly impossible, and overlooked artificial intelligence's ability to do so, says Joseph Avery with Claudius Legal Intelligence.
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Surefire Marketing Methods To Build Your Legal Practice
Attorneys who take the time and the risk to showcase their talents through speaking, writing and teaching will find that opportunities will begin building upon themselves, says Daniel Karon of Karon LLC.
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Mandatory Mediation May Lie Ahead For England And Wales
The U.K. Court of Appeals' decision in Lomax v. Lomax, among other recent developments, show significant judicial support for compulsory mediation of appropriate civil and commercial cases in England and Wales, say Margarita Michael and Grace Spurgeon of O'Melveny.
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Key Risks And Developments For UK Law Firm Culture In 2020
In 2020, law firms throughout the U.K. will be increasingly reshaped by rapid changes in societal expectations and advances in technology, say Helen Rowlands and Niya Phiri of Clyde & Co.
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Cos. Can Start Preparing Now For Immigration Beyond Brexit
Ahead of the U.K.'s likely departure from the European Union on Jan. 31, 2020, companies should use the one-year transition period to help workers understand any new registration requirements, evaluate budgetary concerns and expedite any employee relocations, say Julia Onslow-Cole and Charlotte Wills at Fragomen.
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#MeToo Pressure On UK Businesses Is Set To Rise
Recent declarations by the Financial Conduct Authority and Prudential Regulation Authority indicate that sexual harassment in the U.K.'s financial services industry may lead to consequences under the newly expanded Senior Managers and Certification Regime, and other sectors are facing growing scrutiny as well, say attorneys at Covington.
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Opinion
UK's Insurer Investigations May Not Help Policyholders
The U.K. Ministry of Justice's recent investigations into insurers suspected of not passing on savings to consumers suggests insurers may see consequences for their hollow promises, but only if the government follows through to hold insurers accountable, says Tom Jones of Thompsons Solicitors.
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The Outlook For Autonomous Vehicles In The UK And US
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.
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Brexit's Impact On London As A Top Int'l Arbitration Seat
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.
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Post-Brexit UK Likely To Conform With EU On Human Rights
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.
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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.