Try our Advanced Search for more refined results
Insurance UK
-
March 12, 2025
L&G Launches £500M Buyback, Reports 6% Rise In Profits
Legal & General Group PLC said Wednesday that it plans to line shareholders' pockets with £500 million ($647 million) over 2025 as it reported a 6% rise in core operating profits for 2024.
-
March 11, 2025
AXA Says Santander Was In 'Driving Seat' In £670M PPI Trial
Insurance giant AXA said at the start of a £670 million ($867 million) London trial Tuesday that Santander should compensate it for what it has paid out dealing with claims for missold payment protection insurance because the Spanish bank's subsidiary was "in the driving seat."
-
March 11, 2025
Over-50s Regret Not Taking Pension Seriously, Study Shows
A quarter of those over the age of 50 said they regret not taking their pension more seriously at a younger age, according to research from insurance giant Aviva that comes amid increased warnings about Britons not saving enough for retirement.
-
March 11, 2025
UK Regulators Seek AI Guidance From Industry
Britain's financial and data regulators have reached out to U.K. trade bodies and business chief executives for guidance on how to provide regulatory certainty on artificial intelligence.
-
March 11, 2025
Norway Insurer Gjensidige To Buy Home Cover Rival For $40M
Gjensidige Forsikring ASA said Tuesday it has agreed to acquire home coverage specialist Buysure AS and its subsidiary for up 430 million Norwegian krone ($40.4 million), as the insurance company moves to diversify its business.
-
March 11, 2025
Brokers Fail To Address Liquidity Risks, City Watchdog Finds
The City watchdog has found that many brokers in Britain which trade in securities or commodities are failing to identify potential risks to their liquidity that could be sparked by crises in the markets such as war or a bank collapse.
-
March 11, 2025
Nationwide To Pay £600M In Rewards After Virgin Money Deal
Nationwide Building Society said Tuesday that it plans to reward its members with a total of £600 million ($775 million) after completing its £2.9 billion takeover of rival lender Virgin Money UK.
-
March 10, 2025
PIB Insurance Group Acquires Litigation Insurer Litica
PIB Group said Monday it has bought litigation insurance provider Litica in the latest in a string of acquisitions announced by the U.K.-based business over recent months.
-
March 10, 2025
Eversheds Guides Canada Life £361M Pension Scheme Deal
Insurer Canada Life Ltd. said Monday it has finalized a buy-in transaction with a U.K. pension scheme worth £361 million ($465 million).
-
March 10, 2025
FCA Finds Firms Prioritizing Sales Over Consumer Outcomes
Some companies in the financial services sector are coming up short under the Consumer Duty regime by prioritizing sales over good customer outcomes, according to a review by the City watchdog.
-
March 10, 2025
FRC Launches Tool To Boost Access To Company Data
Britain's accounting watchdog on Monday said it has launched a new digital tool it said would improve free access to company reporting data.
-
March 10, 2025
Aviva Finalizes £4.8M Buy-Out For Defunct Fruit Distributor
Aviva PLC said Monday it has finalized a bulk purchase annuity buy-out with a pensions scheme for a now-defunct U.K. fresh fruit distributor A Gomez Ltd. for £4.8 million ($6.2 million).
-
March 07, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen an Iranian oil company sued for $95 million, Betfred hit with a lawsuit from a property company and NHS England face a human rights claim brought by a man detained under the Mental Health Act for over 20 years. Here, ¼«ËÙÈü³µ looks at these and other new claims in the U.K.
-
March 07, 2025
Gallagher's $13.5B AssuredPartners Deal Faces FTC Inquiry
Arthur J. Gallagher & Co. announced Friday that federal regulators requested additional information, for a second time, on its $13.5 billion acquisition of independent insurance brokerage AssuredPartners, extending the waiting period under the Hart-Scott-Rodino Act until 30 days after the firm complies with the request.
-
March 07, 2025
EU Regulator Eyes Harmonized AML Enforcement
Europe's banking regulator wants the European Union's planned anti-money laundering watchdog to harmonize enforcement across member states, penalizing rule breaches against categories of severity.
-
March 07, 2025
Howden Sued For £20M Over Hotel Chain's COVID Losses
The owner of a string of boutique hotels has said Howden Insurance Brokers Ltd. must pay out over £20.4 million ($26.4 million) for failing to arrange adequate insurance cover that allegedly left it short when the COVID-19 pandemic took hold and shuttered sites.
-
March 07, 2025
EU Fund Managers Push For More Competitive Regulations
Europe's fund managers have called for more regulatory consistency across the European Union to help restore competitiveness, removing unnecessary rules as well as making environmental, social and governance data more reliable.
-
March 07, 2025
Debevoise Helps Resolution Life Cover $9.7B Of Annuity Risk
Resolution Life said Friday that it will take on $9.7 billion worth of insurance risk for Protective Life Corp. to help the U.S. group manage complex life and annuity products.
-
March 07, 2025
FCA Awaits Gov't Answer To City Consumer Duty Pushback
The Financial Conduct Authority is waiting for the government to clarify how much consumers can be exposed to risk in favor of more growth-focused regulation as the watchdog faces push back from the sector against its flagship consumer protection program.
-
March 06, 2025
FCA Finds Most Firms Fail To Service Vulnerable Customers
The Financial Conduct Authority said Friday it has found that most firms are failing to ensure they're adequately serving vulnerable customers, according to a long-awaited review.
-
March 06, 2025
Insurer Wins Landmark Appeal In Scotbeef Moldy Meat Case
A London appeals court has ruled that a British insurer does not have to pay out over 100 tons of spoiled beef, finding in the first judgment of its kind that the company storing the meat breached its insurance policy terms.
-
March 06, 2025
MPs Quiz Gov't Over Women Pension Redress Refusal
The government has been urged to show what options it considered before rejecting a £10.5 billion ($13.5 billion) compensation package for women who were underpaid state pension.
-
March 06, 2025
First 3 Firms Connect To UK Gov't Pension 'Dashboard'
Three pension businesses have successfully plugged into the government's planned new online retirement savings portal, in a major milestone for the troubled project.
-
March 06, 2025
Blake Morgan Denies Botching Pensions Advice To Trust
Blake Morgan LLP has denied giving an archaeological trust negligent advice on the closure of its pensions plan, telling a London court that it was on the trust to make sure it validly shut the scheme.
-
March 06, 2025
Slaughter & May-Led L&G Seals £505M Inchcape Pension Deal
Insurer Legal & General has said it has covered £505 million ($650 million) of liabilities for the Inchcape Motors Pension Scheme, the U.K. retirement fund for the global automobile distributor, to secure the benefits of its members.
Expert Analysis
-
Lessons From Carphone Warehouse's Partial FCA Settlement
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
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
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
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?
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
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
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
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
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
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
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
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
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
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
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.