Insurance UK

  • July 01, 2024

    Zurich, Aon Launch Clean Hydrogen Insurance Facility

    Zurich Insurance Group and Aon PLC launched Monday a new insurance facility aimed at supporting clean hydrogen projects globally, providing comprehensive coverage for blue and green hydrogen projects with capital expenditures of up to $250 million.

  • July 01, 2024

    Royal London Completes Aegon Protection Book Transfer

    Mutual life insurance giant Royal London said Monday it has completed the transfer of 400,000 protection customers from rival insurer Aegon UK.

  • July 01, 2024

    UK Lifeboat Scheme Says Pension Transfer Firm In Default

    The Financial Services Compensation Scheme confirmed Monday it has declared pension adviser MacInnes & Bottomley as unable to pay claims.

  • July 01, 2024

    Osborne Clarke Guides Aviva's School Pension Deal

    Insurance giant Aviva has completed a full scheme buy-in for a pension plan sponsored by Taunton School, consultancy Broadstone said Monday, in a deal guided by Osborne Clarke LLP.

  • June 28, 2024

    EU Insurance Watchdog Warns Of Real Estate Risk Exposure

    The European pensions and insurance industries are increasingly exposed to the possibility of a real estate collapse, the sector watchdog warned in a newly published report into the financial stability for the region.

  • June 28, 2024

    Firms Face Increased Scrutiny Amid FCA Focus On Resilience

    The Financial Conduct Authority and the Prudential Regulation Authority have challenged two thirds of general insurance and investment firms about their ability to prevent disruption by threats like cyberattacks, according to an industry study.

  • June 28, 2024

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

    This past week in London has seen Uber hit with claims from Addison Lee and the former CEO of the Kabbee app, animal by-product company Leo Group file a defamation claim against a local anti-odor campaigner, and a self-styled lord who claims to be the illegitimate son of the late Prince Phillip resume legal action against his cousins for a share in his late aunt's estate. Here, Law360 looks at these and other new claims in the U.K.

  • June 28, 2024

    Addleshaw Goddard Guides Acquisitions Biz In £41.5M Deal

    Marwyn Acquisition Company II Ltd. on Friday said it's subsidiary MAC II UK Ltd. has agreed to buy pensions services provider InvestAcc Group Ltd., for £41.5 million ($53 million), which would be mainly financed by a fundraising program, advised by Addleshaw Goddard LLP. 

  • June 28, 2024

    Fidelis Claims No Liability In $23M Stranded Jet Spat

    Fidelis Underwriting Ltd. has hit back at another claim that it must pay out in a $23 million row over a leased plane stranded in Russia, arguing that no insured event has occurred, and that an Irish aviation lessor is not covered by the country's law.

  • June 27, 2024

    DWF Buys Australian Claims Management Business

    Private equity-backed DWF LLP said Thursday it has agreed to buy Australian claims management company Proclaim for an undisclosed amount to bolster its presence in the country.

  • June 27, 2024

    Shell, Insurer Sue Oil Co. For $3.7M Over Cargo Failures

    Shell Trading International Ltd. and its insurer have sued a Greek oil company for $3.7 million after claiming the near 30,000 metric tons of bitumen it bought from the European business did not comply with the agreed specification or quality.

  • June 27, 2024

    Chubb Claims No Liability In $219M Stranded Jets Row

    Chubb has denied that it owes a Bermuda-based subsidiary of a U.S. aircraft lessor in a $219 million row over a fleet of aircraft engines stranded in Russia and Ukraine because the planes are not lost and its policy does not cover war risk.

  • June 27, 2024

    Insurance Biz DeadHappy Goes Under After Serial Killer Ads

    Life insurance broker DeadHappy has fallen into administration, liquidators said Thursday, after bad taste adverts featuring a serial killer prompted its partners to pull the plug on new business.

  • June 27, 2024

    R&Q Insurance Appoints Liquidators To Push $465M Sale

    R&Q Insurance said Thursday that the Supreme Court of Bermuda has given it a green light to appoint three joint provisional liquidators to oversee the complete winding up of the troubled insurer.

  • June 27, 2024

    Sackers Steers Bentley Trustee In £880M Pensions Deal

    Luxury carmaker Bentley Motors Ltd. has passed £880 million ($1.1 billion) of the liabilities of its staff pension plan to Standard Life, the insurer said Thursday, in a deal steered by Sacker & Partners LLP, Travers Smith LLP and Eversheds Sutherland.

  • June 26, 2024

    Fidelis Says Aircraft Lessors Not Covered Under Russian Law

    Fidelis Underwriting Ltd. has said that the lessor and owners of three aircraft stranded in Russia after the country's invasion of Ukraine cannot reclaim $77.2 million for the planes from the reinsurer because they are not insured parties under Russian law.

  • June 26, 2024

    Britain's Phoenix Group Plans Sale Of SunLife

    Life insurance heavyweight Phoenix Group said Wednesday that it is planning to sell its SunLife Ltd. subsidiary that provides financial services to over 50s in the U.K.

  • June 26, 2024

    FCA Warns Insurers Over Consumer Protection Failings

    The City watchdog warned insurers on Wednesday over a failure to properly monitor clients who suffer financial harm from their products, following a sweeping review of consumer protection regulation.

  • June 26, 2024

    Aviva Sees 39% Rise In Insurance Fraud Claims

    Insurance giant Aviva on Wednesday said it spotted 39% more instances of fraud in 2023 than it did in the year previous, despite the value of fraudulent claims being lower than 2022.

  • June 26, 2024

    Eversheds Steers £33M Pension Deal For Metal Recycling Co.

    A global scrap metal company has offloaded £33 million ($42 million) of its U.K. staff pension liabilities to insurer Aviva PLC, advisers said Wednesday, in a deal steered by Eversheds Sutherland.

  • June 26, 2024

    Consultancy Broadstone Warns Insurers Of Geopolitical Risks

    Insurers could risk a reduction in business, higher claims frequency, and investment and operational losses due to the world's major geopolitical upheavals, a consultancy warned Wednesday.

  • June 26, 2024

    Zurich To Acquire AIG's Travel Insurance Biz For $600M

    Zurich Insurance Group said Wednesday that it will buy the personal travel insurance business from U.S. financial group AIG for $600 million to help the Swiss insurer to become a leading provider of holiday cover in the U.S.

  • June 25, 2024

    BBC Fights For Ability To Cut Costs Of £20B Pension Scheme

    The British Broadcasting Corporation launched an appeal Tuesday in a case that will decide whether it is able to reduce future benefits for members of its £19.8 billion ($25 billion) pension scheme.

  • June 25, 2024

    Insurtech Body Calls For Regulatory Shakeup To Fuel Growth

    The next government must create a "positive, enabling policy environment" that allows more insurance technology firms to enter the market and facilitates better funding to drive growth in the sector, a trade body said Tuesday.

  • June 25, 2024

    Disability Care May Leave Parents' Pension Funds Short

    Employers must create more flexible workplace cultures to ensure parents can balance caring and working after research shows that those with disabled children could be worse off in retirement because of caring responsibilities, People's Partnership said Tuesday.

Expert Analysis

  • Surefire Marketing Methods To Build Your Legal Practice

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    Attorneys who take the time and the risk to showcase their talents through speaking, writing and teaching will find that opportunities will begin building upon themselves, says Daniel Karon of Karon LLC.

  • Mandatory Mediation May Lie Ahead For England And Wales

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    The U.K. Court of Appeals' decision in Lomax v. Lomax, among other recent developments, show significant judicial support for compulsory mediation of appropriate civil and commercial cases in England and Wales, say Margarita Michael and Grace Spurgeon of O'Melveny.

  • Key Risks And Developments For UK Law Firm Culture In 2020

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    In 2020, law firms throughout the U.K. will be increasingly reshaped by rapid changes in societal expectations and advances in technology, say Helen Rowlands and Niya Phiri of Clyde & Co.

  • Cos. Can Start Preparing Now For Immigration Beyond Brexit

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    Ahead of the U.K.'s likely departure from the European Union on Jan. 31, 2020, companies should use the one-year transition period to help workers understand any new registration requirements, evaluate budgetary concerns and expedite any employee relocations, say Julia Onslow-Cole and Charlotte Wills at Fragomen.

  • #MeToo Pressure On UK Businesses Is Set To Rise

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    Recent declarations by the Financial Conduct Authority and Prudential Regulation Authority indicate that sexual harassment in the U.K.'s financial services industry may lead to consequences under the newly expanded Senior Managers and Certification Regime, and other sectors are facing growing scrutiny as well, say attorneys at Covington.

  • Opinion

    UK's Insurer Investigations May Not Help Policyholders

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    The U.K. Ministry of Justice's recent investigations into insurers suspected of not passing on savings to consumers suggests insurers may see consequences for their hollow promises, but only if the government follows through to hold insurers accountable, says Tom Jones of Thompsons Solicitors.

  • The Outlook For Autonomous Vehicles In The UK And US

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    As both the U.K. and U.S. governments continue to develop regulatory frameworks for autonomous vehicles, manufacturers can take certain steps to avoid litigation and manage risk, say attorneys at FaegreBD.

  • Brexit's Impact On London As A Top Int'l Arbitration Seat

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    Despite concerns that London may be considered a less attractive place to do business post-Brexit, there are many reasons to believe that the city will retain its position as a globally favored arbitral seat, say Adrian Jones and James Wagner at FaegreBD.

  • Post-Brexit UK Likely To Conform With EU On Human Rights

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    In a recent speech, U.K. Foreign Secretary Dominic Raab stated his intent to expand sanctions for human rights violations by extending the so-called Magnitsky amendment, strongly indicating that Britain's exit from the EU would be unlikely to disrupt coordinated efforts to address international transgressions against human rights, says Stephen Baker at Baker & Partners.

  • The Evolution Of GDPR Enforcement Across The EU

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    With the last few months bringing significant fines to major businesses that have breached the European Union's General Data Protection Regulation, it is clear that regulators are moving away from the light-touch approach they employed during the transition to the new rules, says James Simpson of Blaser Mills.

  • Series

    Why I Became A Lawyer: Being There For Families In Trouble

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    My parents' contentious, drawn-out divorce was one of the worst experiences of my life. But it taught me how to be resilient — and ultimately led me to leave corporate litigation for a career in family law, helping other families during their own difficult times, says Sheryl Seiden of Seiden Family Law.

  • 3 Ways To Leverage Vulnerability For Lawyer Well-Being

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    Admitting to imperfection is an elusive construct in the legal industry, but addressing this roadblock by capitalizing on vulnerabilities can increase personal and professional power, says life coach and attorney Julie Krolczyk.

  • Zurich Case Brings Clarity To Complex Contempt Proceedings

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    The U.K. Court of Appeal's recent decision in Zurich v. Romaine provides insight into the meaning of "in the public interest" in the context of bringing contempt proceedings against a party or witness who verifies false claims, says Matt Peacock of Signature Litigation.

  • What A No-Deal Brexit Would Mean For Dispute Resolution

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    In the event of a no-deal Brexit, arbitration may become a more attractive option as a dispute resolution mechanism, as it offers relatively easy enforcement and clauses that could negate some uncertainty caused by Brexit, says Donna Goldsworthy of BDB Pitmans.

  • The Problem — And Opportunity — Of Implicit Bias In The Bar

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    Law firms are beginning to recognize implicit bias as a problem. But too few recognize that it is also an opportunity to broaden our thinking and become better legal problem solvers, says Daniel Karon of Karon LLC.

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