Britain's highest court rejected on Wednesday an attempt by an engineering company to escape a claim from a housing developer fighting to claw back the cost of fixing tower block design defects discovered in the wake of the Grenfell blaze.
Law360 UK
Insurance
THURSDAY, MAY 22, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Grenfell_Tower_Demolition_17853.jpg

Engineer Can't Persuade Top Court To Block Repairs Case

By William Janes

Britain's highest court rejected on Wednesday an attempt by an engineering company to escape a claim from a housing developer fighting to claw back the cost of fixing tower block design defects discovered in the wake of the Grenfell blaze.

Read full article » | Save to favorites »

Insurer Hit With £250K Claim Over 'Altered' Life Policy

By Joel Poultney

Two clients of Countrywide Assured have sued the insurer for £250,000 ($335,200) after the company allegedly changed their joint life policy "without their knowledge," which left one of them short after he suffered a "serious heart attack" and could not claim cover.

Read full article » | Save to favorites »

UK Gov't Plans To Unlock £160B Pension Surpluses

By Martin Croucher

The government said Wednesday that forthcoming legislation will include a program to allow companies to tap into an estimated £160 billion ($215 billion) in surpluses in retirement savings plans.

Read full article » | Save to favorites »

LITIGATION

Herbert Smith-Led Third Point's Deal To List Reinsurer On LSE

By Dawood Fakhir

Third Point Investors, backed by billionaire Daniel Loeb, said Wednesday it has agreed to merge with Malibu Life Reinsurance SPC and provide investors with a $75 million cash option to exit to become "a fully capitalized, London-listed, reinsurance company."

Read full article » | Save to favorites »

POLICY & REGULATION

UK Finance Sector Calls For Reforms To Boost Growth

By Alex Davidson

Financial trade bodies have called for new regulatory reforms to enable private banks and wealth managers to support U.K. growth.

Read full article » | Save to favorites »

UK Biz Optimism Plunged After Trump's Tariffs, Allianz Says

By Joel Poultney

More than a third of U.K. businesses expect a decline in turnover in 2025 as a result of swingeing trade tariffs imposed by President Donald Trump in April, insurance giant Allianz has said.

Read full article » | Save to favorites »

Pensions Sector Could Fund Net-Zero Transition, Insurer Says

By Martin Croucher

The pensions sector could fund up to half of the costs associated with the U.K.'s transition to net-zero carbon emissions by 2050, an insurer said.

Read full article » | Save to favorites »

DEALS

A&L Goodbody-Led US Broker Buys Underwriter In Ireland

By Tom Fish

The Chicago-based broker Ryan Specialty has acquired 360° Underwriting, a managing general underwriter with offices in Dublin and Galway, Ireland, as Ryan moves to enter the Irish market.

Read full article » | Save to favorites »

EXPERT ANALYSIS

What To Note As HM Treasury, FCA Plan New Crypto Regs

Taken together, HM Treasury’s recently proposed crypto-asset regulations and the Financial Conduct Authority’s new discussion paper on regulating crypto-asset activities provide key insights into the government's planned regime, which represents significant changes that will affect all firms providing related services, says Mark Chalmers at Davis Polk.

Read full article » | Save to favorites »

Promo that reads Law360 Pulse Summer Associates Survey Promo that reads Law360 Pulse Lawyer Satisfaction Survey

LAW FIRMS IN TODAY'S NEWS

7 King's Bench Walk

A&L Goodbody

Atkin Chambers

Brick Court Chambers

CMS Cameron McKenna Nabarro Olswang

Davis Polk

Herbert Smith Freehills

Kramer Levin

Latham & Watkins

Mason Hayes

Nabarro LLP

One Essex Court

Osborne Clarke

Willkie Farr

COMPANIES IN TODAY'S NEWS

AECOM

Association of British Insurers

Deloitte Touche Tohmatsu Ltd.

KPMG International

London Stock Exchange Group PLC

Phoenix Group Holdings

Ryan Specialty LLC

Third Point LLC

Willis Towers Watson PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Department for Work & Pensions

Financial Conduct Authority

Financial Ombudsman Service

Financial Services Compensation Scheme

National Health Service

Prudential Regulation Authority

UK Pensions Regulator