Insurance UK

  • January 07, 2025

    Gallagher Sues Ex-CEO For £1.85M Over 'Fraud' In Exit Talks

    Gallagher's benefits and consulting arm has sued the former chief executive of a company it acquired for more than £1.85 million ($2.32 million) for allegedly withholding information about a major client that inflated the financial prospects of the business and the severance he received.

  • January 07, 2025

    Travers Smith Steers £540M Pension Deal For UK Retailer

    Footwear retailer Clarks has offloaded £540 million ($677 million) of its staff retirement liabilities to Pension Insurance Corp. PLC, the insurer said Tuesday, in a deal guided by Burges Salmon, Travers Smith and CMS.

  • January 07, 2025

    PE Firm Lovell Minnick Invests In UK Consultancy Broadstone

    Lovell Minnick said Tuesday that it has taken a stake in Broadstone, a British financial services consultancy, as the U.S. private equity firm eyes a slice of the growing advisory sector.

  • January 06, 2025

    Royal London Sued For £27M Over Company Sale

    Asset manager M&G is suing Royal London for at least £27 million ($33.8 million) for allegedly failing to disclose a range of issues linked to a company the mutual insurance and investment firm sold to M&G that it says would have lowered the company's value had they been revealed.

  • January 06, 2025

    Zurich Denies Insurer's Bid For £580K Slice Of Settlement

    Zurich's U.K. entity has denied that a law firm it insured shut out a bankrupt insurance company from recovering over £580,000 ($730,000) as part of negligence claim that was settled without the bankrupt insurer's consent.

  • January 06, 2025

    Insurance Losses From Baltimore Bridge Pinned At $1.5B

    Insurers expect to face a total of $1.5 billion in losses from the Baltimore Bridge disaster last year, according to broker Gallagher Re.

  • January 06, 2025

    'Third Way' Pension Scheme Rules To Be Expanded This Year

    The regulatory foundations could be laid this year for a massive expansion in new types of collective pension schemes, a retirement savings provider said Monday.

  • January 06, 2025

    Most Fraud Starts On Social Media And Tech, Barclays Finds

    Most frauds start on social media and technology platforms, with investment scams accounting for a third of the total, according to new findings by Barclays Bank.

  • January 03, 2025

    Clyde & Co. Merges With Dallas Insurance Boutique

    Clyde & Co. LLP has announced a merger with Dallas boutique Tillman Batchelor LLP, expanding the global law firm's insurance capabilities in Texas amid its ongoing growth in North America.

  • January 03, 2025

    Complaints Commissioner To Warn FCA About P2P Lending

    The Complaints Commissioner for financial regulators has undertaken to write to the Financial Conduct Authority on significant issues in the peer-to-peer lending sector.

  • January 03, 2025

    Lloyd's Insurer Says No Business Interrupted In £3.7M Row

    A Lloyd's of London insurer has reiterated that the owner of a property in Greater Manchester cannot claim £3.7 million in damages and business interruption cover because no actual business was occurring at the building damaged by a burst water pipe.

  • January 03, 2025

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

    This past week in London has seen Chris Eubank Jr. hit with a libel claim from a boxing promoter, a perfume boss face proceedings from his businesses following sanctions violations claims, and Israeli broadcasters file intellectual property claims against BT and Sky. Here, Law360 looks at these and other new claims in the U.K.

  • January 03, 2025

    UK Levy Hike Drives Labor Costs Up In 2025, Think Tank Says

    U.K. businesses are facing a spike in labor costs, thanks to the government's decision to raise employers' National Insurance contributions, a payroll levy used to fund social programs, a think tank said Friday.

  • January 03, 2025

    Early Settlements Could Cut Russia Aviation Claims By $10B

    Insurers could reduce claims for aircraft stranded in Russia by as much as $10 billion through early settlements, a broker has said, but warned that the final bill will still be the largest aviation loss in history.

  • January 03, 2025

    Trustees Warned On 'Dead Money' Over Pensions Portal

    Trustees of pension scheme should carefully decide whether it is in the best interest of their members to connect to the long-awaited online retirement savings dashboards program and incur its associated costs, a retirement savings specialist said Friday.

  • January 02, 2025

    Legal Expenses Insurer Restructures After DAS Acquisition

    British insurer ARAG PLC said Thursday it has now fully integrated DAS UK, the legal protection insurer that it bought a year ago amid a broader restructuring of the company's operations.

  • January 02, 2025

    EU's 1st Financial Regulation Deal With Japan In Force

    The European Union said that a first-ever agreement with Japan designed to improve regulation in banking and other financial services and to combat money laundering has come into force.

  • January 02, 2025

    Global Insurance Prices Dip For First Time Since 2017

    Insurance prices for businesses globally fell by 0.9% last year, the first decrease after seven years of rate hikes and a possible sign of a market turn, Howden said Thursday.

  • January 02, 2025

    Elite Law Denies Fault In Lender's £1.9M Loan Fraud Case

    An English firm of solicitors has denied a claim that it cost a lender £1.9 million ($2.4 million) by failing to spot that the borrower of a property loan was allegedly a fraudster, telling a London court that it was not obliged to verify his identity.

  • January 02, 2025

    New Superfund Expected In 2025 Pension Deals Market

    A second defined benefit superfund could enter the pensions risk transfer market in 2025, a retirement savings consultancy said on Thursday as it predicted another bumper year ahead for transactions.

  • January 01, 2025

    Pensions, Insurance Risk Consolidation On Radar For 2025

    The main themes in 2025 for the insurance and pensions sectors will be consolidation and government priorities for greater investment in the economy —although potential legal and systemic risks loom.

  • January 01, 2025

    Regulation To Prioritize UK Growth Over Risk-Aversion In 2025

    Financial regulators have committed to giving priority to economic growth over risk-aversion in 2025 under new government priorities, a rebalancing that could create a conflict of interest with a recent focus on protecting consumers.

  • December 23, 2024

    Clifford Chance Steers Aviva's £3.7B Offer For Direct Line

    Insurer Aviva PLC said Monday that it will buy a rival company, Direct Line, in a £3.7 billion ($4.7 billion) cash and stock deal, a move that will create a British motor and home insurance giant.

  • December 20, 2024

    Many Firms Lack AI In Risk Operations, Study Finds

    A new study highlighted by UK Finance on Friday has found that almost four in 10 financial services organizations have not implemented artificial intelligence in their risk operations, leaving them with a widening technology gap compared with those who are so prepared.

  • December 20, 2024

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

    This past week in London has seen the University of Southampton sue a drone-maker over the rights to an uncrewed aircraft patent, Importers Service Corp. and its subsidiary ISC Europe take action against a former director who allegedly owes the company over £1.1 million ($1.4 million), and DAC Beachcroft face a fraud claim by a "prolific litigant." 

Expert Analysis

  • 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.

  • Roundup

    Pursuing Wellness

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    In this Expert Analysis series, leaders at some of the law firms that committed to the American Bar Association's 2018 pledge to improve mental health and well-being in the legal industry explain how they put certain elements of the initiative into action.

  • Series

    Why I Became A Lawyer: Expanding The Meaning Of Diversity

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    My conservative, Catholic parents never skipped a beat when accepting that I was gay, and encouraged me to follow my dreams wherever they might lead. But I did not expect they would lead to the law, until I met an inspiring college professor, says James Holmes of Clyde & Co.

  • 2 Perspectives On Navigating The Litigation Funding Process

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    Paul Martenstyn of Vannin Capital and Daniel Spendlove of Signature Litigation share their top tips on how to get a case funded, drawing from their respective experience as a funder and a lawyer.

  • Answers To Key Legal Finance Ethics Questions

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    While there is discussion in some quarters about new regulations on commercial legal finance, the hands-off approach taken by the majority of courts and legislatures is an implicit recognition that it is already sufficiently regulated, says Danielle Cutrona of Burford Capital.

  • Competing Legal Factors Vex Insurance Arbitration Disputes

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    The Fifth Circuit ruled in May that international arbitration policy trumped state insurance law in McDonnel Group v. Great Lakes Insurance. But the courts have been inconsistent in applying conformity-to-statute clauses, the McCarran-Ferguson Act and a related U.S. treaty in the battle between federal preemption and state reverse preemption, says Gilbert Samberg at Mintz.

  • Cannabis Investors Should Beware Money Laundering Risk

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    Even if marijuana-related businesses are in compliance with local laws, their investors are not free of legal risk so long as cannabis remains a controlled drug in other countries, such as the U.K., say Robert Dalling and Wade Thomson of Jenner & Block.

  • Real-Life Lessons For Lawyers From 'Game Of Thrones'

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    What lessons can the various hands, maesters, council members and other advisers in "Game of Thrones" impart to real-life lawyers? Quite a few, if we assume that the Model Rules of Professional Conduct were adopted by the Seven Kingdoms, says Edward Reich of Dentons.

  • UK Firms Should Be Prepared For Government Raids

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    Recent enforcement activity from the Financial Conduct Authority and other regulators highlight the penalties firms face for procedural breaches, and the value in ensuring that employees are well-equipped to handle unannounced inspections, say James Marshall and Sonja Hainsworth of Bryan Cave.

  • Series

    Why I Became A Lawyer: Completing The Journey Home

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    My mother's connection to her Native American heritage had a major influence on my career — my decision to enter the legal profession was driven by the desire to return to my tribal community and help it in any way I could, says Jason Hauter of Akin Gump.

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