Insurance UK

  • January 31, 2024

    Car Insurance Premiums Keep Climbing In Face Of High Costs

    Insurance premiums for U.K. drivers went up 12% in the last quarter as insurers faced rising costs, the Association of British Insurers said Wednesday.

  • January 31, 2024

    FCA To Review Insurance Pricing Rules As Premiums Surge

    The Financial Conduct Authority has said it will investigate the impact of its pricing reforms on the home and motor insurance market as it admitted that premiums have risen by 21% since last year.

  • January 30, 2024

    EU Watchdog Warns Of Risks Posed By Alternative Funds

    Europe's securities watchdog warned Tuesday that some alternative investment funds with high levels of leverage and links to mainstream market investors such as pension funds pose high risks to market stability.

  • January 30, 2024

    'Demographic Time Bomb' Predicted For Social Care

    An additional 1 million people over age 85 are expected in the United Kingdom by 2036 in a "demographic time bomb" set to shake up Britain's already challenged social care sector, a retirement specialist said Tuesday.

  • January 30, 2024

    Gov't Targets 'Reckless Prudence' In Pension Funding Regs

    The government has set out new regulations for the funding of pension plans, offering new flexibility on investments in riskier assets in an attempt to fuel economic growth in Britain.

  • January 30, 2024

    WilmerHale Adds Int'l Financial Investigations Pro From DWF

    WilmerHale has hired an investigations expert as counsel to the firm's London office, where she will advise both domestic and international clients on complex and cross-border investigations and compliance issues.

  • January 30, 2024

    Italian Insurer Plans €500M Share Buyback After Profits Boost

    Assicurazioni Generali SpA said on Tuesday it is planning a €500 million ($540 million) share buyback scheme to return money to shareholders, built on two strategic acquisitions and the insurance giant's confidence in its financial position. 

  • January 30, 2024

    Eversheds, Keelys Guide Broker Howden On Consultancy Buy

    Insurance giant Howden Group said it has bought AHR Consultancy, a provider of employment law compliance services, in a deal steered by Eversheds Sutherland and Keelys LLP.

  • January 29, 2024

    Food Biz Sues Direct Line Unit For Payout Over Contaminants

    A processed vegetable product supplier has sued a subsidiary of Direct Line Group PLC for £487,000 ($617,000), saying its insurer has refused to pay out to cover losses caused by contaminated ingredients set to be used for Branston Pickle chutney.

  • January 29, 2024

    Eversheds, A&O, Sackers Steer £1.4B UK Pension Deal

    A food and drinks packaging company has transferred £1.4 billion ($1.8 billion) of its pension liabilities to an insurer, Rothesay Life, in a transaction steered by Sackers, Eversheds Sutherland, and Allen & Overy.

  • January 29, 2024

    EU Watchdog To Limit Foreign Crypto Selling Into Bloc

    Europe's regulator of financial markets proposed on Monday that firms outside the European Union be able to sell crypto-assets to clients in the bloc only when the clients initiate the service, under a narrow exemption to rules in force from December.

  • January 29, 2024

    Pinsent Masons Hires Insurance M&A Pro From Royal London

    Pinsent Masons LLP has hired an insurance deal-maker expert as a partner in its corporate office in London, as the multinational law firm looks to strengthen its financial services team.

  • January 29, 2024

    Swindler Sentenced For 45 Bogus TV Insurance Claims

    A man who made 45 bogus insurance claims for broken televisions against 87 home insurance policies has been handed a suspended prison sentence after he pled guilty to two counts of fraud, police in London have said.

  • January 29, 2024

    Brown Rudnick Hires Ex-SFO Prosecutor To Head Corp. Crime

    Brown Rudnick LLP has hired a former Serious Fraud Office prosecutor from Jenner & Block LLP to head the international law firm's white-collar crime practice.

  • January 26, 2024

    Pensions Watchdog's Head Of Frontline Regulation To Leave

    The Pensions Regulator has announced that Nicola Parish, its executive director of frontline regulation, will leave the organization in February, ending a 16-year stint at the retirement savings watchdog.

  • January 26, 2024

    Hospitality Businesses Get Mixed Result For COVID Payouts

    Businesses including hoteliers and the upmarket Liberty department store partly won a battle at a London court Friday over issues in their claims against insurers to pay out for COVID-19 lockdowns after a judge ruled the closures did trigger business interruption policies.

  • January 26, 2024

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

    The past week in London has seen Sainsbury’s Supermarkets face patent proceedings over a specific type of mandarin, Alexander Nix, the former chief of Cambridge Analytica, embroiled in further proceedings with Dynamo Recoveries, the sports management arm of Warner Bros raise a red card against crypto exchange Next Hash, and EY targeted in a libel claim by a consultancy firm. Here, Law360 looks at these and other new claims in the U.K.

  • January 26, 2024

    Insurers Voice More Criticism Over Gov't Pension Pot Plan

    Government proposals for a lifetime pension provider must not take precedence over existing reforms, an insurance sector trade body has said, as it said the proposed changes were attractive but not the main priority.

  • January 26, 2024

    Hogan Lovells Adds White & Case Dispute Duo To Paris Office

    Hogan Lovells has hired two French disputes experts for its Paris office, where the firm expects the team to lend their criminal investigations and compliance expertise to its litigation practice.

  • January 26, 2024

    UK Pension Freedom Overtaxation Bill Nears £1.2B

    The U.K. has had to hand back almost £1.2 billion ($1.5 billion) to Britons who have paid too much tax for withdrawing their pensions because of a glitch in the rules that has yet to be fixed.

  • January 25, 2024

    Fieldfisher Adds Arbitration Pro With Spanish Partner Hire

    Fieldfisher LLP has hired a founding partner of Spanish law firm Claros & Abogados to join its Madrid office as it looks to bolster its dispute settlement practice across Europe and the Americas.

  • January 25, 2024

    City Calls For Tighter Financial Regulation Of Big Tech

    An industry-led City body has called on the Financial Conduct Authority to strengthen its regulatory grip on Big Tech companies like Google that offer financial services to maintain a level playing field in the sector.

  • January 25, 2024

    Pensions Watchdog Shakes Up Trustee Investment Guidance

    The Pensions Regulator has set out new rules for trustees managing investments in riskier equity assets, amid a wider push by the government for the sector to invest in new U.K. enterprises.

  • January 25, 2024

    Consumer Rules Risk Blurring Line Between Advice And Guidance

    The Financial Conduct Authority's new Consumer Duty regime might unintentionally complicate parallel plans to sharpen the boundaries between financial advice and guidance. Experts have told Law360 that getting the right balance is more hazardous than before.

  • January 25, 2024

    Maritime Co. Sues Generali Italia For $1.7M Over Ship Damage

    A maritime company has sued Generali Italia for $1.74 million after its vessel was damaged on a voyage from Venezuela, alleging the Italian insurer has refused to pay because it says doing so would violate international sanctions.

Expert Analysis

  • EU Act Offers Financial Sector A Cybersecurity Framework

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    Although unlikely to be a complete solution to all risk management issues, the Digital Operation Resilience Act, effective from 2025, will increase regulatory pressure substantially in the EU financial sector and demand compliance with several new requirements, say attorneys at DLA Piper.

  • Warranty & Indemnity Insurance Considerations For M&A

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    With increased competition and greater capacity leading to lower premiums and deal costs, warranty and indemnity insurance is now available to the wider M&A market, and may help to limit risk and help parties focus on other key elements of the transaction, says Alice Wooler at Birketts.

  • 4 Exercises To Quickly Build Trust On Legal Teams

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    High-performance legal teams can intentionally build trust through a rigorous approach, including open-ended conversations and personality assessments, to help attorneys bond fast, even if they are new to the firm or group, says Ben Sachs at the University of Virginia School of Law.

  • Lessons To Be Learned From Twitter's Latest Hacking Scandal

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    Following the report of a recent data breach at Twitter, it is clearly vital for companies to adhere to best practices in data protection and IT security arrangements, including technical measures, and proper processes and procedures that mitigate risk and provide adequate training for staff, says Simon Ridding at Keller Postman.

  • Preparing For EU's Pay Gap Reporting Directive

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    An agreement has been reached on the European Union Pay Transparency Directive, paving the way for gender pay gap reporting to become compulsory for many employers across Europe, introducing a more proactive approach than the similar U.K. regime and leading the way on new global standards for equal pay, say attorneys at Lewis Silkin.

  • Has The Liberalization Of Legal Services Achieved Its Aims?

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    Although there is still some way to go, alternative business structures are now an increasingly prominent feature of the legal services landscape, and clients can expect greater choice, improved quality and more manageable costs, as was intended by this shake-up of the profession's regulatory frameworks 15 years ago, says Dana Denis-Smith at Obelisk Support.

  • 5 Gen X Characteristics That Can Boost Legal Leadership

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    As Generation X attorneys rise to fill top roles in law firms and corporations left by retiring baby boomers, they should embrace generational characteristics that will allow them to become better legal leaders, says Meredith Kahan at Whiteford Taylor.

  • ECJ Beneficial Owners Ruling Leaves Uncertainty In Its Wake

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    The European Court of Justice's recent ruling in the WM and Sovim cases, holding that making information on a register of beneficial owners publicly available interferes with the Charter of Fundamental Rights of the EU, has been criticized as a step backward in the fight against money laundering and financing of terrorism, and its impact is not yet clear, say Michael Marschall and Verena Krikler at Schoenherr.

  • What Slovak Labor Code Changes Will Mean For Employers

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    With newly effective amendments to the Slovak Labor Code strengthening employees’ rights in a number of ways, the default mindset of the employee being the weaker party may no longer be the right approach, says Katarina Pfeffer at Bird & Bird.

  • An ICO Reminder On Managing Subject Access Requests

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    Although the U.K. Information Commissioner's Office’s recent seven reprimands regarding mismanagement of data subject access requests are unusual, it is worth organizations considering what resources and training may be available to ensure these are properly managed in the future, says Ross McKenzie at Addleshaw Goddard.

  • Opinion

    Increasing Law Firm Polarization Will Degrade Rule Of Law

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    As evidenced in recent instances of law firms separating from attorneys who represented certain industries or espoused certain views, firms and the legal practice itself have grown troublingly polarized and intolerant of dissent, says Rebecca Roiphe at New York Law School.

  • The FTX Fallout So Far And What May Come Next

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    While the downfall of FTX is likely to cause substantial losses and lead to extensive litigation, it will hopefully precipitate a renewed focus on regulating the crypto market in a responsible way that gives more protection to consumers, says Dan Wyatt at RPC.

  • Hard Insurance Market Will Influence Legal Industry, Economy

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    As the cost of claims starts to outstrip the value of premiums, insurers are denying more claims and considering scaling back coverage, leading to an influx of legal work and potential holes in the market, says Bruce Hepburn at Mactavish.

  • Digital Nomads: Key Considerations For Global Businesses

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    As employers and employees embrace remote, location-independent work arrangements enabled by technology, they must be mindful of the employment law and tax consequences such arrangements may trigger, say Hannah Wilkins and Audrey Elliott at Eversheds Sutherland.

  • New License Eases Sanctioned Clients' Legal Fee Payments

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    The general license recently issued by the U.K. Office of Financial Sanctions Implementation permitting the payment of legal fees owed by a sanctioned company or individual will potentially reduce the agency's backlog and is welcome news for both lawyers and OFSI staff, say Zulfi Meerza and Syed Rahman at Rahman Ravelli.

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