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Insurance UK

  • 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, ¼«ËÙÈü³µ looks at these and other new claims in the U.K.

  • 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    The U.K.'s retirement savings watchdog on Friday committed to cutting the "burden" of unnecessary and outdated financial regulations that could be hampering pension savers' interests.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • March 27, 2025

    Pension Watchdog Vows To Improve Internal Pay Gaps

    White, heterosexual men continue to earn more money on average than their colleagues at The Pensions Regulator, data published by the retirement watchdog shows.

  • March 26, 2025

    Claims Firm Beats Whistleblower's Fraud Case

    A claims manager didn't blow the whistle on forged signatures at an insurance claims handler because he had waited until his resignation day to alert senior management, an employment tribunal has ruled.

  • March 26, 2025

    UK Accounting Firms Warned On Capital Restructuring

    The Financial Reporting Council has instructed audit firms that are considering a capital restructuring to engage with the watchdog "at an early stage" and with "full candor."

  • March 26, 2025

    Insurers Could Pick Up Bill For Replacing Dangerous Cladding

    Britain's professional indemnity insurance market could be forced to pick up a significant portion of the £22.4 billion ($29 billion) bill for replacing flammable cladding from buildings, an underwriter warned.

  • March 26, 2025

    Gov't Expands UK Fraud Strategy With Focus on Scammers

    Fraud Minister David Hanson announced at a summit on Wednesday that work has started on an expanded fraud strategy, with a focus on combating scams enabled by artificial intelligence, according to the Home Office.

  • March 26, 2025

    FCA Presses London Insurers Into Misconduct Training

    The scandal-hit London insurance market has drawn up a training program for staff after pressure from the Financial Conduct Authority, a group of trade bodies said.

  • March 26, 2025

    UK Insurer Beam Buys Commercial Lines Broker KDH

    Beam Insurance Solutions has acquired commercial lines broker KDH, as The Broker Investment Group-backed company strengthens its presence in the U.K.'s Midlands and targets hitting £22 million ($28 million) in gross written premiums by the end of 2025.

  • March 26, 2025

    Most DC Savers In Plans With 'Productive Asset' Investment

    Almost nine in 10 defined contribution pension savers are in schemes that invest in at least one "productive asset" class, such as infrastructure, Britain's retirement watchdog has said.

  • March 25, 2025

    Chubb Settles £3M Building Defect Claim With Housing Assoc.

    An affordable housing association has agreed to settle the £3.1 million ($4 million) claim it brought against Chubb European Group SE and other insurers to cover the costs of fixing a string of defects in a building project in northwest London.

  • March 25, 2025

    Aviva Pays Out £1.9B In Protection Claims In 2024

    Insurance giant Aviva said on Tuesday that it paid out more than £1.89 billion ($2.45 billion) on almost 62,000 individual and group protection claims in 2024.

  • March 25, 2025

    Howden To Buy Pensions Adviser Barnett Waddingham

    Insurance broker Howden Group said on Tuesday that it is acquiring U.K. professional services consultancy Barnett Waddingham to provide the group with expertise in pensions and fuel its continued global expansion.

  • March 25, 2025

    Ex-National Grid Worker Partially Wins Appeal In Pension Row

    A London court has ruled that a former National Grid employee can forge ahead with a claim accusing the energy company of failing to give him a fresh opinion about its decision to deny him a pension over his ill health.

  • March 25, 2025

    Quarter Of Pension Schemes Still Have 'Nondigital' Data

    The U.K. retirement saving watchdog said it has warned pension schemes that are failing to meet data standards, as one in four providers still have consumer information in a paper format.

  • March 25, 2025

    FCA Issues Regulatory Reform Plan To Promote UK Growth

    The Financial Conduct Authority unveiled a five-year plan on Tuesday to encourage more risk-taking by business, part of a wider effort to fire up the economy.

Expert Analysis

  • UK Lawyers Can Adapt Due Diligence To Screen New Clients

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    As COVID-19-related fraud gains pace, U.K.-based practitioners should help combat money laundering by using alternative methods to verify that new clients are who they say they are, says Christopher Convey, a barrister at 33 Chancery Lane and chair of the Bar Council's Money Laundering Working Group.

  • A UK Business View Of COVID-19's Economic Fallout

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    Covington attorneys Alex Leitch and Harry Denlegh-Maxwell provide a bird's-eye view of how U.K. businesses will navigate the legal and economic aftermath of the pandemic, including discussion of where litigation funding, class actions, insurance disputes and force majeure fit it.

  • Remote Depositions Bring Ethics Considerations For Lawyers

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    Utilizing virtual litigation technologies and participating in remote depositions require attorneys to beware of inadvertently violating their ethical obligations, including the principal duty to provide competent representation, say attorneys at Troutman Sanders.

  • Time For Presumptive Virtual Mediation In The UK

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    While the COVID-19 outbreak is a real-time test of the U.K. justice system’s adaptability and innovation, it is also an opportunity to deliver alternative dispute resolution through virtual technology — and there are two ways in which this could be achieved, says Suzanne Rab at Serle Court.

  • UK 'Property' Classification Boosts Confidence In Bitcoin

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    In AA v. Persons Unknown, the English High Court classified bitcoins as property that can be the subject of proprietary injunctions, indicating the slow but growing acceptance of virtual currencies within the U.K., say Steven De Lara and Colin Grech at Signature Litigation.

  • 3 EU And UK Data Protection Tips During COVID-19

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    Though EU and U.K. data protection laws should not impede the fight against COVID-19, companies must continue to protect individuals' data, and the challenges of managing a remote workforce and the desire for information about the virus’s impact have significant implications for that responsibility, say attorneys at Debevoise.

  • Novolex Case Brings Lessons On R&W Insurance

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    A New York state court dispute between Novolex and a few of its insurers concerning coverage under a representations and warranties policy for a $267 million loss offers a rare glimpse into how a court might interpret acquisition agreements and insurance policy provisions, say attorneys at Hunton.

  • How Proposed EU Class Action Directive Could Affect Insurers

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    Insurers should beware the explosive potential of the EU's proposed directive providing for cross-border class actions and third-party funding for such actions, although it also bears strict requirements that will limit the number of cases, say Emmanuèle Lutfalla and Simon Fitzpatrick at Signature Litigation.

  • COVID-19 Insurance Considerations For UK Cos.

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    Though a new U.K. regulation recently made it easier for businesses to claim losses related to COVID-19, potential points of contention when seeking insurance coverage include whether the government ordered the business to close and whether an outbreak occurred at the premises, say attorneys at Covington.

  • UK Group Data Breach Claims Pose Big Financial Risks

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    Recent English court decisions appear to make it easier for data breach victims to bring collective actions, and consequently companies may find they are liable for huge sums in addition to fines under the General Data Protection Regulation, say attorneys at Morrison & Foerster.

  • A Crucial Chance For UK Supreme Court To Clarify Arbitrator Bias

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    In Halliburton v. Chubb, the U.K. Supreme Court has an opportunity to tackle uncomfortable questions and support confidence in London's arbitration sector by policing effectively against bias and impartiality when arbitrators are involved in multiple tribunals, says Rosie Wild at Cooke Young.

  • Rebuttal

    Legal Industry Should Pursue AI Prediction Progress

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    As part of the debate prompted by my recent ¼«ËÙÈü³µ guest article on legal prediction using artificial intelligence, I would like to unpack four issues and suggest that attorneys and technologists continue to tackle the problems presently within reach, says Joseph Avery at Claudius Legal Intelligence.

  • Rebuttal

    AI Can't Accurately Predict Case Length And Cost — Yet

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    A recent ¼«ËÙÈü³µ guest article argued that artificial intelligence can precisely estimate the length and cost of a new case, but several limitations will likely delay truly accurate predictions for years to come, says Andrew Russell at Shaw Keller.

  • What To Expect During The Brexit Transition Period

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    While all formal ratification procedures for the U.K.'s departure from the European Union have been completed, the transitional period will bring an enormous range of trade, customs and regulatory issues, say attorneys at Mayer Brown.

  • Opinion

    Legal Prediction Is Demanding But Not Impossible

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    The New Jersey Supreme Court’s recent decision in Balducci v. Cige incorrectly concluded that predicting the length and cost of a case is nearly impossible, and overlooked artificial intelligence's ability to do so, says Joseph Avery with Claudius Legal Intelligence.

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