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Insurance UK
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October 06, 2025
Watchdog To Issue Guidance on Virgin Media Pensions Ruling
Britain's audit watchdog has said it will issue guidance to help pension plan actuaries confirm historical amendments to retirement savings benefits ahead of forthcoming legislation sparked by a landmark court judgment in 2024.
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October 03, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen billionaire Michael Platt sue his former tax lawyer, five former Deutsche Bank staffers file claims against the German bank and an Italian financier issue a commercial fraud claim against the Vatican and UBS.
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October 03, 2025
Howden Buys Classic Car Insurance Broker In North Wales
Howden said Friday it has bought classic car insurance broker Gott & Wynne Ltd., marking its first regional buy in North Wales.
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October 03, 2025
European Insurers Push For Simpler Sustainability Rules
European insurers have written to a group which advises lawmakers on sustainability standards in a letter published Friday, urging greater simplification of revised European sustainability reporting standards.
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October 03, 2025
Science Minister Urges Pension Funds To Back Tech Startups
The U.K. government has urged the country's £3.2 trillion ($4.3 trillion) pensions industry to offer financial backing to a new generation of British technology startups.
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October 03, 2025
EU Markets Watchdog Widens Supervisory Reach For 2026
The European Union's financial markets regulator said Friday it will expand its supervisory responsibilities into a raft of new areas in 2026, including sustainability ratings, green bond issuance and the giant information technology service providers.
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October 03, 2025
DWF Boosts Scottish Insurance Practice With Hires
DWF LLP has hired a motor coverage expert as a director amid a wider hiring spree by the law firm to continue strengthening its presence in the Scottish insurance sector.
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October 03, 2025
Pension Surplus Exceeds £55B At Top 100 UK Firms
The funding surplus of pension plans among the top 100 businesses in Britain has exceeded £55 billion ($74 billion), Lane Clark & Peacock LLP has said, marking a shift in conversation from funding to "delivering value."
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October 03, 2025
Denmark Denied Permission To Appeal £1.4B Cum-Ex Defeat
Denmark cannot revive its £1.4 billion ($1.9 billion) against scores of traders and financial institutions over a cum-ex tax fraud it said was orchestrated by convicted hedge fund trader Sanjay Shah.
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October 03, 2025
UK, Europe Pension Plans Urged To Look At VC Investment
British and European pensions must move beyond preparation to active participation with venture capital investment that could "unleash" significant growth across the bloc, new analysis by a research group for the sector shows.
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October 02, 2025
McLaren Claims Driver's Exit Cost Millions In Sponsorships
Former McLaren driver Álex Palou cost the British motor racing group millions when he walked away from his contract, depriving the team of a "generational talent," company lawyers argued at the opening of a $21 million trial Thursday.
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October 02, 2025
Groups Want Treasury Flexibility On Overseas Equivalence
U.K. and European financial services trade bodies have asked HM Treasury to take a flexible approach in recognizing overseas regimes as effectively "equivalent" to allow overseas firms access to U.K. customers, with a year's notice of withdrawal.
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October 02, 2025
Broker Partnership Co. Invests In Drone Insurance Specialist
Investment vehicle Minority Broker Partnerships has said it will plug a "significant capital injection" into drone insurance specialist Moonrock Insurance.
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October 02, 2025
Pension Review Should Tackle Triple Lock, Actuary Body Says
A government-led pensions review should have a free hand to reassess the triple lock, a trade body said, amid fears the policy will cost the state around £15.5 billion ($20.8 billion) a year by 2030.
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October 02, 2025
Pension Savers Regret Prebudget Kneejerk Decisions
More than a quarter of Britons regret withdrawing a lump sum from their pensions, a wealth adviser said, amid fears that tax jitters over the budget could lead to savers making poor decisions on their finances.
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October 02, 2025
L&G Breaks Industry Record, Tops £200B In Pension Assets
Legal & General Group PLC has said that its total defined contribution assets under management now top £200 billion ($270 billion) in what it called a first for the pensions industry.
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October 02, 2025
Denmark Loses £1.4B Cum-Ex Fraud Case Against UK Trader
Denmark lost on Thursday its £1.4 billion ($1.9 billion) legal claim against scores of traders and financial institutions over a cum-ex tax fraud it said was orchestrated by convicted hedge fund trader Sanjay Shah.
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October 02, 2025
FCA's Crypto Rules Risk Abuse Without Tailored Safeguards
The proposed U.K. crypto-asset regime risks abuse because it tries to clamp traditional finance rules on to a digital asset class, leaving gaps which expose unwary investors to criminals unless new safeguards are added, legal experts have warned.
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October 01, 2025
Chubb Can't Yet Arbitrate La. Casino Owner's COVID Losses
A Louisiana federal court has temporarily barred a Bermuda-based Chubb unit from pursuing arbitration proceedings in England in a dispute with a hospitality and entertainment company over coverage for pandemic-related losses at its U.S. properties.
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October 01, 2025
Yorkshire Broker Continues UK Expansion With Three Buys
JMG Group Investments Ltd. has bought three insurance brokers in Birmingham, Edinburgh and the Lake District, marking further expansion for the company in the U.K.
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October 01, 2025
FCA Gives Chancellor 4-Point Plan For Consumer Duty
The Financial Conduct Authority has given the chancellor of the exchequer a four-part plan to change the Consumer Duty, with additional legislative steps for the Treasury to take, setting out its proposals in a letter published Wednesday.
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October 01, 2025
UK Seeks To Recoup Money From Judges' Pensions Errors
The government has proposed new rules that will allow it to bill members of the judiciary in England and Wales for pension contributions that it failed to collect through administrative errors.
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October 01, 2025
Ireland's Central Bank Warns Insurers On AI Governance
The Central Bank of Ireland has said that it will investigate whether insurers in the republic have sufficient guardrails against the unethical use of new artificial intelligence technology.
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October 01, 2025
FRC Eyes Public, Accelerated Action For Audit Breaches
The accounting watchdog set out proposals on Wednesday to enhance its enforcement approach, introducing new options for more targeted and faster action against auditors that break the rules, including publication of cases it has pursued.
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October 01, 2025
Geopolitical Risk A Top Concern For Business, Aon Says
Geopolitical volatility has risen to be among the top concerns for business decision-makers, Aon said Wednesday, marking what it called a "new reality."
Expert Analysis
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UK Appellate Rulings Clarify Arbitral Choice Of Law
Two recent U.K. Court of Appeal decisions have changed the operation of the choice-of-law test for arbitration — a resolution as significant as changing the test itself because it affects the implied choices of the contracting parties, say attorneys at Squire Patton.
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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.