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Insurance UK
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April 09, 2025
DLA Piper Hires Insurance Heavyweight From Keystone
DLA Piper has hired a corporate insurance veteran as a partner in London, as the firm continues to strengthen its European team.
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April 01, 2025
DWF Avoids Doc Request In Health Data Breach Claim
DWF Law LLP dodged an order in court Tuesday to hand over documents to three people who allege that the law firm unlawfully shared their health data, after a London judge concluded that the request was merely a fishing expedition.
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April 01, 2025
EU Watchdogs Call For Simplified Securitization Rules
The European Union's finance watchdogs have called on the European Commission to simplify the rules governing securitizations in a bid to make the market more competitive.
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April 01, 2025
EBRD Launches €1B Insurance Facility For Ukrainian Exports
The European Bank for Reconstruction and Development has launched a new war insurance facility that it says will provide up to €1 billion ($1.07 billion) in cover for Ukrainian exports every year.
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April 01, 2025
Reform Pensions To Tackle Retirement Risks, Think Tank Says
Pension reforms are necessary to ensure that savers can successfully navigate the "risks and complexities" of managing their retirement savings in later life, the Institute for Fiscal Studies warned Tuesday.
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April 01, 2025
Fenchurch Warns On COVID Insurance Claim Limitations
Insurance brokers have less than a year to file claims on behalf of their clients for business losses suffered during the national COVID-19 lockdowns, a law firm warned on Tuesday.
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April 01, 2025
Norton Rose-Led Zurich To Buy Stake In £150M M&A Insurer
Zurich Insurance Group Ltd. has agreed to acquire a significant minority stake in Icen Risk Ltd., the U.K. insurer that specializes in mergers and acquisitions said Tuesday, a move which will support the Swiss giant's expansion across Europe and the U.S.
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March 31, 2025
Cocktail Bar Chain Settles £4M COVID Loss Insurance Claim
The operator of the Dirty Martini cocktail bar chain has settled its £4 million ($5.2 million) claim against a Maltese insurer for losses it claimed to have suffered during the COVID-19 pandemic.
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March 31, 2025
'Still Early Days': A Litigation Funder Stays Optimistic
As part of a series of interviews with lawyers, class representatives and litigation-funders to mark the 10-year anniversary of the collective proceedings order regime, Law360 spoke to Neil Purslow of Therium Capital Management about the future of litigation funding for CPOs in the wake of the Supreme Court's PACCAR ruling.
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March 31, 2025
Trade Body Seeks Consumer Duty Slack For Wholesale Banks
A financial services trade body on Monday is pressuring regulators to exempt wholesale banks servicing primarily corporate clients from the Consumer Duty regime to give companies easier access to capital.
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March 31, 2025
Lloyds Bank Covers £5.1B Pension Liabilities With Rothesay
The trustee of two Lloyds Banking Group pension schemes said Monday it has penned two insurance policies totaling £5.1 billion ($6.6 billion) with Rothesay Life PLC to cover the cost of unexpected increases in the life expectancy of their members.
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March 31, 2025
Myanmar Earthquake Exposes Insurance Protection Gap
The scale of the economic losses from the Myanmar and Thailand earthquake is likely to expose widespread underinsurance in the region, a broker has warned.
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March 31, 2025
Claims Groups Slam Gov't Report On Personal Injury Reform
The government's plan to reduce premiums for motorists through its controversial reforms to claims for "whiplash" injuries three years ago have failed, consumer advocates said, after an official report found prices had fallen by less than promised.
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March 31, 2025
BoE Proposes Raising Deposit Protection Scheme Limit
The regulatory arm of the Bank of England set out proposals on Monday to raise the deposit protection limit of the Financial Services Compensation Scheme from £85,000 ($110,000) to £110,000, warning banks that they should prepare now.
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March 28, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen sparkling winemaker Nyetimber hit a rival distillery with an intellectual property claim, Newcastle United's former owner Mike Ashley target the club's ex-vice president for damages tied to a fraudulent investment, and a real estate agency file a legal claim against law firm Winston & Strawn LLP. Here, Law360 looks at these and other new claims in the U.K.
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March 28, 2025
UK Pensions Watchdog Pledges To Cut Red Tape
The U.K.'s retirement savings watchdog on Friday committed to cutting the "burden" of unnecessary and outdated financial regulations that could be hampering pension savers' interests.
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March 28, 2025
Gov't May Face £70M In Claims From Fire Insurance Scheme
The government could face up to £70 million ($90.7 million) in insurance claims under a temporary fire safety professional indemnity scheme it introduced three years ago, a top official said.
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March 28, 2025
Pension Partners Guides £2M Benefits Deal For Housing Co.
A U.K. housing scheme operator's pension plan has agreed to a £2 million ($2.6 million) full scheme buy-in with financial services group Just, securing the benefits of 15 retirees and eight deferred members, consultant K3 said Friday.
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March 28, 2025
FCA Tests 'Targeted Support' Model With 12 Finance Firms
The Financial Conduct Authority said Friday it has given 12 companies until April to give targeted support to consumers, an experiment ahead of a new regulatory model that will fill the gap between general guidance and advice for pensions and investments.
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March 27, 2025
Huawei Defeats Widow's Delayed Claim Over Unpaid OT
A former Huawei employee's widow can't pursue the company for allegedly discriminating against her husband because she waited too long to launch her case, an employment tribunal has ruled.
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March 27, 2025
6 Insurers Penned £5B-Plus In Pension Deals In 'Record' 2024
Six insurers wrote over £5 billion ($6.5 billion) each in pension deals for the first time in 2024, Lane Clark & Peacock LLP said Thursday, highlighting a risk transfer market "firing on all cylinders" with new entrants increasing competition.
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March 27, 2025
EU Insurer Watchdog Urges Full Buffer Requirement In Crypto
The European Union's insurance watchdog on Thursday advised the EU's main executive body to impose on insurers a 100% capital buffer requirement for all crypto-asset investments.
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March 27, 2025
InvestAcc Group To Buy AJ Bell Pension Unit For £25M
Investment platform company AJ Bell said Thursday it will sell its pensions administration arm to InvestAcc Group Ltd. for £25 million ($32.5 million), amid a business restructure.
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March 27, 2025
UK Aims To Boost Competitiveness With Derivative Rule Cuts
Britain's two largest finance watchdogs Thursday proposed extending exemptions to margin requirements to cover unfavorable price movements for traders of some derivatives contracts, looking to keep the U.K. globally competitive.
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March 27, 2025
Gov't Urged To Review State Pension Ahead Of Tax 'Cliff Edge'
The U.K. government must reform the state pension or face a "bizarre tax cliff edge" where benefits exceed personal allowance thresholds, experts warned.
Expert Analysis
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What Cos. Should Know About The EU Greenwashing Rules
The EU's recently proposed Green Claims Directive introduces new rules to improve the transparency and honesty of environmental claims in advertising, which will help ensure that consumers receive accurate and reliable information to make informed purchasing decisions, says Daja Apetz-Dreier at Morgan Lewis.
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The Art Of Corporate Apologies: Crafting An Effective Strategy
Public relations challenges often stop companies from apologizing amid alleged wrongdoing, but a recent U.K. government consultation seeks to make this easier, highlighting the importance of corporate apologies and measures to help companies balance the benefits against the potential legal ramifications, says Dina Hudson at Byfield Consultancy.
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Dissecting Recent Developments Against The Misuse Of NDAs
The U.K. government's recent plans to nullify nondisclosure agreements that prevent victims from reporting crimes should remind lawyers to proactively consider the necessity of such agreements, especially in light of the Solicitors Regulation Authority's warning notice on drafting improper NDAs, say Clare Davis and Macaela Joyes at RPC.
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What To Know About The Russia-Stranded Plane Ruling
The High Court's recent decision in Zephyrus Capital Aviation v. Fidelis Underwriting, rejecting reinsurers' U.K. jurisdiction challenges in claims over stranded planes in Russia, has broad implications for cross-border litigation involving exclusive jurisdiction clauses, says Samantha Zaozirny at Browne Jacobson.
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3 Notable Pensions Reforms In Spring Budget
The U.K. government’s spring budget introduced reforms to improve pension outcomes through the value for money framework and the lifetime provider model, as well as to encourage investments in Britain — three interlinked areas that could pressure trustees and providers to rethink how they approach investments, say Liz Ramsaran and Marcus Fink at DWF.
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UK Arbitration Ruling Offers Tips On Quelling Bias Concerns
An English court's recent decision in H1 v. W to remove an arbitrator because of impartiality concerns offers several lessons on mitigating bias, including striking a balance between arbitration experience and knowledge of a particular industry, and highlights the importance of careful arbitrator appointment, says Paul-Raphael Shehadeh at Duane Morris.
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Bias Ruling Offers Guidance On Disqualifying Arbitrators
An English court's recent decision in H1 v. W, removing an arbitrator due to bias concerns, reaffirms practical considerations when assessing an arbitrator's impartiality, and highlights how ill-chosen language by an arbitrator can clear the high bar for disqualification, say Andrew Connelly and Ian Meredith at K&L Gates.
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Insurance Policy Takeaways From UK Lockdown Loss Ruling
An English court's recent decision in Unipolsai v. Covea, determining that insurers' losses from COVID-19 lockdowns were covered by reinsurance, highlights key issues on insurance policy wordings, including how to define a "catastrophe" in the context of the pandemic, says Daniel Healy at Brown Rudnick.
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What COVID Payout Ruling Means For Lockdown Loss Claims
While the High Court's recent COVID-19 payout decision in Gatwick v. Liberty Mutual, holding that pandemic-related regulations trigger prevention of access clauses, will likely lead to insurers accepting more business interruption claims, there are still evidentiary challenges and issues regarding policy limits and furlough, say Josianne El Antoury and Greg Lascelles at Covington.
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Spartan Arbitration Tactics Against Well-Funded Opponents
Like the ancient Spartans who held off a numerically superior Persian army at the Battle of Thermopylae, trial attorneys and clients faced with arbitration against an opponent with a bigger war chest can take a strategic approach to create a pass to victory, say Kostas Katsiris and Benjamin Argyle at Venable.
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Top Court Hire Car Ruling Affects 3rd-Party Negligence Cases
The U.K. Supreme Court's recent decision in Armstead v. Royal & Sun Alliance, finding that an insurer was responsible for lost car rental income after an accident, has significant implications for arguing economic loss and determining burden of proof in third-party negligence cases that trigger contractual liabilities, say lawyers at Macfarlanes.
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Unpacking The Building Safety Act's Industry Overhaul
Recent updates to the Building Safety Act introduce a new principal designer role and longer limitation periods for defects claims, ushering in new compliance challenges for construction industry stakeholders to navigate, as well as a need to affirm that their insurance arrangements provide adequate protection, say Zoe Eastell and Zack Gould-Wilson at RPC.
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A Rare Look At Judicial Interpretation Of LEG Exclusions
A Florida federal court’s order last month in Archer Western-De Moya v. Ace American Insurance and an earlier decision from a D.C. federal court offer insight into how courts may interpret defects exclusion clauses developed by the London Engineering Group — filling a void in case law in the area, says Jonathan Bruce at Holman Fenwick.
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Ruling In FCA Case Offers Tips On Flexible Work Requests
In Wilson v. Financial Conduct Authority, the Employment Tribunal recently found that the regulator's rejection of a remote work request was justified, highlighting for employers factors that affect flexible work request outcomes, while emphasizing that individual inquiries should be considered on the specific facts, say Frances Rollin, Ella Tunnell and Kerry Garcia at Stevens & Bolton.
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Breaking Down The New UK Pension Funding Regs
Recently published U.K. pension regulations, proposing major changes to funding and investing in defined benefit pension schemes, raise implementation considerations for trustees, including the importance of the employer covenant, say Charles Magoffin and Elizabeth Bullock at Freshfields.