Insurance UK

  • July 05, 2024

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen collapsed sports television company Arena Television hit Bank of Scotland and Lloyds Bank with a claim, James Vorley, the Deutsche Bank metals trader convicted of fraud, sue his former employer, and journalist John Ware file a defamation claim against Pink Floyd band member Roger Waters and Al Jazeera Media Network. Here, Law360 looks at these and other new claims in the U.K.

  • July 05, 2024

    Matrix KC Richard Hermer Tapped For Attorney General

    Matrix Chambers' human rights barrister Richard Hermer KC will serve as the U.K.'s attorney general in a surprise appointment from newly-elected Prime Minister Keir Starmer late Friday.

  • July 05, 2024

    Liz Kendall Tapped To Head Labour's DWP Amid Reform Talk

    The new Labour government named Liz Kendall as Secretary of State for Work and Pensions on Friday as speculation grew about looming reforms to the U.K. benefits system.

  • July 05, 2024

    Shabana Mahmood Named Labour's New Justice Secretary

    Prime Minister Keir Starmer named former barrister Shabana Mahmood as the Labour government's new justice secretary on Friday following a sweeping victory in the U.K. general election.

  • July 05, 2024

    Starmer Picks Reeves For Treasury To Steer Growth Aims

    Prime Minister Keir Starmer has handed the reins of the U.K.'s fiscal and economic policy to Rachel Reeves, formally naming her as the next chancellor of the exchequer in the first of a round of cabinet appointments on Friday.

  • July 05, 2024

    Starmer Starts Work As Cabinet Appointments Expected

    Keir Starmer, the newly elected prime minister, promised change that focuses on the economy and wealth creation as he prepared on Friday to begin appointing cabinet ministers to form the Labour Party's first government since 2010.

  • July 05, 2024

    Investment Cos. Ask New Gov't To Remove Disclosure Rules

    A trade body urged the incoming Labour government on Friday to remove unfair cost disclosure rules for investment companies that put the sector at a competitive disadvantage.

  • July 05, 2024

    Aegon Calls On Labour Gov't To Set Up Pensions Commission

    Pensions provider Aegon Ltd. called on the new Labour government on Friday to establish an independent pensions and savings commission within its first 100 days in office after it won an overwhelming victory in the general election.

  • July 04, 2024

    Major Pensions Shake-Up Likely After Labour Win

    The U.K. pensions sector may have been sold the promise of political consensus — but the election of a new Labour government opens the door for a fundamental shift in policy for the industry over the longer term.

  • July 04, 2024

    Labour Gov't To Prioritize Competitive Financial Regulation

    The Labour government is expected to step up regulatory change to make the country's financial services more innovative and globally competitive, with centralized oversight of the watchdogs to ensure they help consumers and facilitate economic growth.

  • July 04, 2024

    Labour's Big UK Election Win Clears Way For Tax Reform

    Labour's victory in the U.K. general election clears the way for plans to raise taxes on the rich to close a widening spending gap, but it could also mean wider fiscal reform in the new government's first budget later this year.

  • July 04, 2024

    Labour Sweeps Tories From Power In UK Election Rout

    Keir Starmer was poised to become Britain's next prime minister on Friday after his Labour Party ousted Rishi Sunak's Conservatives in a landslide general election victory, ending 14 years of Tory government with a pledge of "national renewal."

  • July 04, 2024

    UK Insurer Utmost Group Plans £200M Buy Of Rival

    Utmost Group PLC said Thursday that it has agreed to buy rival insurer Lombard International Assurance Holdings Sarl for more than £200 million ($255 million), strengthening its presence in key European markets.

  • July 04, 2024

    Insurers Disadvantaged By EU Sustainability Reporting Rules

    European insurers have warned that bloc-wide rules on sustainability reporting for the sector are incomplete and inconsistent, meaning they are not reliable for investors.

  • July 04, 2024

    UK Insurance Investor Expands In Poland, Buys Broker

    Insurance acquisition vehicle PIB Group Ltd. said Thursday that it has bought a Polish broker, Nord Group, strengthening its foothold in the Eastern European country.   

  • July 04, 2024

    Pension Deals Market 'Driven By Transactions Under £100M'

    The record number of pension deals in the U.K. last year was driven primarily by smaller transactions of less than £100 million ($127.6 million), a consultancy has said.

  • July 04, 2024

    HCR Law's Insurance Unit Triples In Size Since 2022 Launch

    The insurance and risk division of HCR Legal LLP said Thursday that the specialist practice has tripled in size since it was set up in 2022, growing from four to 12 members.

  • July 03, 2024

    M&G Lands £309M Pension Deal For Machinery Co.

    A subsidiary of finance and insurance company M&G PLC has taken on £309 million ($394.3 million) worth of pension liabilities from a scheme sponsored by machinery manufacturer NSK, in a deal guided by Shoosmiths, CMS and Hogan Lovells.

  • July 03, 2024

    PIC Seals £1.2B 2nd TotalEnergies UK Pension Plan Buy-in

    Pension Insurance Corporation PLC on Wednesday concluded a £1.2 billion ($1.5 billion) second buy-in with the trustee of TotalEnergies UK Pension Plan, a deal considered the largest completed pension scheme buy-in thus far this year, according to an announcement by PIC.

  • July 03, 2024

    Brown & Brown Unit Buys Employee Benefits Firm Advo

    Brown & Brown (Europe) Ltd. said Wednesday that one of its subsidiaries has acquired employee benefits intermediary Advo Group Ltd., in a deal guided by Birketts LLP and DMH Stallard, for an undisclosed fee.

  • July 03, 2024

    WTW Launches Insurance Policy For Asset Managers

    WTW has launched a new policy designed to provide a single comprehensive cover for asset managers rather than traditional insurance options that often require multiple policies.

  • July 03, 2024

    Financial Intel Biz Buys Abrdn's Compliance Unit For £14.6M

    Financial data intelligence provider Fintel said Wednesday that it has acquired Threesixty Services, a business support company, from British investment giant Abrdn for £14.6 million ($18.5 million) to boost its portfolio.

  • July 02, 2024

    EU Watchdog Requires Regulatory Liaison On Insurer Moves

    The European Union's insurance watchdog has published ground rules for regulators from departure and destination countries of insurers relocating within the bloc to engage actively and clearly.

  • July 02, 2024

    Insurance Body Urges Motorists To Verify Coverage Status

    The nonprofit body that protects people from uninsured hit-and-run drivers urged Britons on Tuesday to check their vehicle insurance status, as a recent YouGov poll revealed 10% of respondents appeared to be unaware that such insurance is compulsory.

  • July 02, 2024

    City Body Calls For Digital Gilt To Boost Retail Investing

    Britain's leading financial services trade body called Tuesday for a U.K. digital gilt to encourage retail investors, in a set of briefing papers aiming to improve competitiveness of capital markets.

Expert Analysis

  • Lessons From Carphone Warehouse's Partial FCA Settlement

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    In the first case decided under the U.K. Financial Conduct Authority's new partial settlement process, Carphone Warehouse demonstrates not only the possible value of cooperating with authorities but also the cost of failing to right previous wrongs, says Syedur Rahman of Rahman Ravelli Solicitors.

  • Collective Redress In The EU: Past, Present And Future

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    Legislative processes harmonizing collective redress throughout the European Union have accelerated, leading to a proposed requirement that all member states establish collective action mechanisms, but some worry that the directive lacks sufficient guarantees against abusive litigation, say Philippe Métais and Elodie Valette of White & Case LLP.

  • Lenders Score Major High Court Victory In Foreclosure Case

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    The U.S. Supreme Court's unanimous ruling on Wednesday in Obduskey v. McCarthy & Holthus LLP removes nearly all activities taken by creditors seeking nonjudicial foreclosure of liens and mortgages from the ambit of the Fair Debt Collection Practices Act, says John Baxter of Nelson Mullins Riley & Scarborough LLP.

  • 3 Brexit Scenarios And Their Implications For US-UK Trade

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    Brexit negotiations are likely to result in one of three scenarios later this month: a Brexit deal, no Brexit at all or a "hard" no-deal Brexit. Each possibility will have different implications for the prospects of a U.S.-U.K. free trade agreement, says Dean Pinkert of Hughes Hubbard & Reed LLP.

  • Frustrating Events: Are Your Contracts Brexit-Proof?

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    In Canary Wharf v. European Medicines Agency, the U.K. High Court recently ruled that the U.K.'s withdrawal from the European Union will not discharge the EMA's lease obligations. Following Brexit, most similar arguments invoking force majeure or frustration are unlikely to succeed, say Rebecca Dipple and Wayne Hofer of Orrick Herrington & Sutcliffe LLP.

  • Simple Secrets For Writing A Killer Brief

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    These days, the legal profession offers meager opportunity for oral argument, so we need to focus on being better, brighter, tighter writers. And the key to writing a better brief is grabbing your judge's attention with a persuasive, well-crafted story, says Daniel Karon of Karon LLC.

  • What 2019 Has In Store For UK Data Protection

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    Many of the big data protection compliance themes of 2018 will continue on this year, including even General Data Protection Regulation preparation, but the possibility of a no-deal Brexit may complicate matters, says Stewart Room of PwC LLP.

  • Opinion

    Brexit International Arbitration Clause Is Misunderstood

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    Much of the criticism aimed at the international arbitration clause in the recent Brexit withdrawal agreement unfairly identifies a perceived lack of transparency and appears to be based on a lack of understanding about the process, says Margarita Michael of O'Melveny & Myers LLP.

  • The Lawyer's Daily

    How To Requalify As A Lawyer In Canada

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    Becoming a lawyer in Canada is a challenging experience for foreign qualified lawyers. In addition to the bar exam, hurdles include obtaining certification from the National Committee on Accreditation, and complications from moving to Canada halfway through the process, says Kyle Abrey, in-house counsel at the Royal Bank of Canada.

  • Legal Technology Is Likely To Flourish In The UK

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    The U.K. may soon surpass the U.S. in legal technology, thanks to regulatory reform, law firm investment and an entrepreneurial environment, says Bridget Deiters of InCloudCounsel.

  • Opinion

    Legal Operations Teams Are Gaining Popularity In EU

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    As the European and global economies continue to change, any legal department that does not want to get outflanked by faster, more agile competitors should consider the value that legal operations teams have to offer, says Hans Albers, president of the Association of Corporate Counsel Europe.

  • Why Proper Document Redaction May Be An Ethical Duty

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    Paul Manafort's attorneys recently filed a court document containing incompletely redacted information, highlighting the need for attorneys to become competent at redaction — or at least at verifying that redaction has been performed correctly. Failure to do either could be construed as legal malpractice, says Byeongsook Seo of Snell & Wilmer LLP.

  • Why The Flood Of GDPR Litigation Has Been Delayed

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    Eight months into the General Data Protection Regulation regime, we have not yet seen the expected deluge of U.K. class actions, but be warned — the floodgates will not remain closed, says Bryony Hurst of Bird & Bird LLP.

  • Opinion

    Law Schools Should Be More Like Medical Centers

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    Medical centers and their faculty matter to the practice of medicine. Law schools and their faculty do not matter to the practice of law, says J.B. Heaton of J.B. Heaton PC.

  • Opinion

    Courts Are Getting It Right On Litigation Funding Discovery

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    Earlier this month, a California federal court denied discovery into the identification of third-party funders with a financial interest in the outcome of an underlying patent infringement action. This decision in MLC v. Micron follows a long line of well-reasoned precedent across U.S. federal courts, say Matthew Harrison and Sarah Jacobson of Bentham IMF.

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