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.
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.
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.
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.
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."
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.
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.
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.
