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Insurance UK
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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.
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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.
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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.
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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.
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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.
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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.
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March 25, 2025
FCA Boss Presses Pro-Reform MPs For Clarity On Risk
The chief executive of the Financial Conduct Authority called Tuesday on MPs pressing for regulatory reform for clarification of how much risk is acceptable in the pursuit of growth as he warned of a potential rise in money laundering and property defaults.
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March 24, 2025
A&O Shearman Dials In £10B Pension Deals For BT Scheme
One of the U.K.'s largest private-sector pension funds said it had offloaded £10 billion ($13 billion) in longevity risk to two reinsurers, in a deal steered by A&O Shearman and Willkie Farr & Gallagher LLP.
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March 24, 2025
EU To Ease Financial Benchmark Rules For Administrators
European Union negotiators approved on Monday an amended regulation on financial benchmarks to ease the burden on small and medium-sized firms that operate as administrators. Â
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March 24, 2025
Global M&A Rebound Drives Insurance Boom, UK Broker Says
Insurers are seeing growing demand from businesses for protection from risk connected to mergers and acquisitions, amid a global recovery in deal making in 2024, a survey by Marsh McLennan has found.
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March 24, 2025
Schroders Wins £740M Pension Management Contract
Schroders' pension investment and advisory arm has confirmed its appointment as fiduciary manager of a pension scheme linked to Aga Rangemaster and will oversee £740 million ($958 million) worth of assets on behalf of the kitchen appliance brand scheme.
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March 24, 2025
UK Car Insurance Premiums Drop 17% Amid Lower Claims
U.K. motorists are now paying £777 ($1,005) on average for their car insurance, a 17% year-on-year fall, broker WTW said Monday.
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March 24, 2025
UK Pension Deal Market Hit £47.6B In 2024
The total value of pension deals carried out last year hit a near-record £47.6 billion ($61.6 billion) — a level that could prove to be a new norm for the market, a consultancy said.
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March 21, 2025
Spanish Lottery Co. Accused Of Tax Insurance Market Breach
Spain's competition authority said Friday it is investigating a lottery company on suspicion of suppressing the marketing of tax insurance coverage for lottery winners.
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March 21, 2025
Insurers Provide £14.9B Of Cover With Post-Grenfell Program
The insurance industry has provided cover worth £14.9 billion ($19.2 billion) for more than 680 high-risk buildings during the nine months of a program designed to expand insurance capacity for properties with combustible cladding, a trade body has said.
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March 21, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen a sub-postmaster sue the Post Office and Fujitsu, Russian insurer Ingosstrakh hit the Financial Times with a defamation claim, and Britvic-owned Robinsons Soft Drinks file a passing off claim against Aldi. Here, ¼«ËÙÈü³µ looks at these and other new claims in the U.K.
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March 21, 2025
Insurance Giant Howden Buys Scotland Broker SKB
Insurance broking giant Howden Group said it has bought Scotland-based SKB Independent Insurance Brokers.
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March 21, 2025
Insurer MS Amlin To Write €110M For Ukraine War Facility
Lloyd's of London insurer MS Amlin said Friday that it has committed up to €110 million ($119 million) in reinsurance over five years to support war-risk policies underwritten by three Ukrainian insurers.
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March 21, 2025
FCA Probes Commission 'Concerns' Over Life Insurance Sales
The financial watchdog said that Friday it is launching a probe into whether insurance cover for critical illness or death in a family represents fair value to consumers, amid concerns over the sales of overpriced or unsuitable products.
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March 28, 2025
Simmons & Simmons Hires 4 Insurance Pros From Kennedys
Simmons & Simmons LLP has hired a team of four lawyers from Kennedys to boost the international insurance claims service at its London office.
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March 21, 2025
Underwriter Ignite Launches Litigation Cover In Europe
Insurance business Ignite Specialty Risk said it will start offering litigation cover in the European Economic Area, following new legislation on class action.
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March 20, 2025
Gallagher Hits Back At Former CEO's £1.5M Claim For Losses
Arthur J. Gallagher & Co.'s benefits and consulting arm denies that it owes a former chief executive of a company it acquired £1.55 million ($2 million) on his claim that it failed to manage the business correctly, as legal wrangling over the acquisition continues.
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March 20, 2025
Audit Watchdog Pledges Support For Gov't Growth Priority
The audit watchdog said Thursday it will adjust priorities to support U.K. economic growth better in its new three-year strategy, in line with government priorities.
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March 20, 2025
Gowling, Sackers Steer £785M Pension Deal For Crops Biz
An agricultural giant has offloaded £785 million ($1 billion) of its pension liabilities to Legal & General Assurance Society Ltd., the insurer said Thursday, in a deal guided by Gowling WLG, Sacker & Partners LLP and Clifford Chance LLP.
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March 20, 2025
Firms Still See Pension Schemes As Risk, Despite Surplus
Most company bosses see their pension scheme as a financial risk, despite planned reform that will allow excess funding to be reinvested in the business, a professional services firm warned.
Expert Analysis
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Surefire Marketing Methods To Build Your Legal Practice
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.
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Mandatory Mediation May Lie Ahead For England And Wales
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.
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Key Risks And Developments For UK Law Firm Culture In 2020
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.
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Cos. Can Start Preparing Now For Immigration Beyond Brexit
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.
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#MeToo Pressure On UK Businesses Is Set To Rise
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.
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Opinion
UK's Insurer Investigations May Not Help Policyholders
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.
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The Outlook For Autonomous Vehicles In The UK And US
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.
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Brexit's Impact On London As A Top Int'l Arbitration Seat
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.
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Post-Brexit UK Likely To Conform With EU On Human Rights
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.
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The Evolution Of GDPR Enforcement Across The EU
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.
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Series
Why I Became A Lawyer: Being There For Families In Trouble
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.
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3 Ways To Leverage Vulnerability For Lawyer Well-Being
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.
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Zurich Case Brings Clarity To Complex Contempt Proceedings
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.
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What A No-Deal Brexit Would Mean For Dispute Resolution
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.
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The Problem — And Opportunity — Of Implicit Bias In The Bar
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.