Investment giant Brookfield said Thursday that it plans to buy Just Group, a British life insurer, for £2.4 billion ($3.2 billion) in a deal steered by A&O Shearman and Slaughter and May.
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A&O Shearman Guides Brookfield On £2.4B Just Group Buy

By Martin Croucher

Investment giant Brookfield said Thursday that it plans to buy Just Group, a British life insurer, for £2.4 billion ($3.2 billion) in a deal steered by A&O Shearman and Slaughter and May.

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Pensions Ombudsman Says Caseload Is Outpacing Funding

By Martin Croucher

The Pensions Ombudsman said that its funding has failed to keep pace with the rising caseload of complaints, forcing it to look at artificial intelligence to help reduce waiting times.

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Yahoo Says Chubb Unit Must Cover Potential EU Privacy Fines

By Lauren Berg

Yahoo says a Chubb subsidiary is obligated to cover regulatory fines that might be leveled against one of the tech company's subsidiaries for violating the European Union's data privacy law, but the insurer has refused to honor the policy, according to a lawsuit filed this week in Delaware.

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LITIGATION

Lloyd's, Loan Provider Settle $3M Pitcher Coverage Feud

By Elaine Briseño

Lloyd's of London underwriters and loan service provider RockFence Baseball LLC have settled their dispute over coverage for the $3.16 million loan of a former Minnesota Twins pitcher, after a California federal judge ordered the parties into arbitration in January 2024.

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DEALS

Squire Patton-Led JTC To Buy Swiss Bank Unit For £20M

By Tom Fish

JTC PLC said Thursday it plans to acquire a finance services company that caters to ultra-rich clients from Swiss private bank Union Bancaire Privée SA for £20 million ($26.5 million), as the Jersey-based fund administrator seeks to increase its global presence.

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Tax Breaks On Pension Contributions Rise to £52.1B

By Martin Croucher

The total cost of pensions tax breaks has risen by £2.4 billion ($3.2 billion), government figures revealed Thursday, amid speculation about a raid by HM Treasury in the next Budget.

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PEOPLE

DWF Hires 4 More From Kennedys To Boost Injury Practice

By Ashish Sareen

DWF LLP said Thursday that it has recruited four partners from Kennedys Law LLP to bolster its major injury and casualty practice, the latest in a series of hires from the rival insurance specialist.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

DAC Beachcroft

DWF LLP

Kennedys Law LLP

Macfarlanes LLP

McGuireWoods

Reed Smith

Slaughter and May

Squire Patton

Young Conaway

COMPANIES IN TODAY'S NEWS

Bank of America Corp.

London Stock Exchange Group PLC

Major League Baseball Inc.

Minnesota Twins

South Dakota Trust Co. LLC

Verizon Communications Inc.

Yahoo Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Commission Nationale de l'Informatique et des Libertés

Department for Work & Pensions

European Union

Financial Conduct Authority

HMRC

Prudential Regulation Authority

U.S. District Court for the Central District of California

UK Pensions Regulator