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Insurance UK

  • June 09, 2025

    Shoosmiths Hires Worldpay Deputy GC To Drive Fintech Push

    Shoosmiths LLP said on Monday that it has hired a senior lawyer at payments giant Worldpay as it looks to continue expanding its presence in financial services and technology, two key sectors for the firm.

  • June 02, 2025

    AI Use Soars Among UK Cos. Despite Rising Cyber-Risks

    More than 90% of U.K. businesses are either looking at or already using artificial intelligence tools, despite a vast number believing that cyberthreats are on the rise, according to research by insurer QBE released Monday.

  • June 02, 2025

    Gov't Told To Provide Timeline On Private Sector Dashboards

    The U.K. government must publish a roadmap for the introduction of private sector pension "dashboards," a trade body said Monday, warning that officials will fail to hit targets for public engagement without making the service widely accessible.

  • June 02, 2025

    Squire Patton Boggs Guides Royal London £22M Pension Deal

    Waste management company London Waste Ltd. has secured its pension scheme through a buy-in transaction worth £22 million ($30 million) with Royal London Group, securing the savings of approximately 200 members of the London Waste Ltd. Pension Scheme.

  • June 02, 2025

    FCA Pushes Mutual Fund Managers For Faster Settlements

    The Financial Conduct Authority has said mutual fund managers should take steps now to speed up fund settlements under the Consumer Duty, in alignment with a planned faster settlement cycle for trades in shares and bonds.

  • June 02, 2025

    New Lloyd's CEO Pledges Openness To Boost Global Market

    The newly appointed chief executive of Lloyd's of London said Monday that openness during his tenure will ensure that the specialist insurance marketplace is "the pre-eminent market for risk" in the world.

  • May 30, 2025

    UK Audit Regulator Finalizes Project To Unlock Financial Data

    Britain's accounting regulator said on Friday that it has now completed an 18-month project designed to make structured financial data more accessible in the U.K.

  • May 30, 2025

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

    This past week in London has seen Entain face yet more investor claims in the fallout from its bribery probe, UEFA face class action from Liverpool fans over chaos at the 2022 World Cup, and a venture capitalist sue journalists for misuse of his private information over a forged police report. Here, Law360 looks at these and other new claims in the U.K.

  • May 30, 2025

    FCA Names Ex-Pensions Minister Head Of Consumer Panel

    The Financial Conduct Authority said Friday that it has appointed Chris Pond, a former work and pensions minister, as chair of an independent panel that advises the regulator on consumer issues.

  • May 30, 2025

    FCA Wins OK For £1M Fine On Pensions Transfer Pros

    The finance watchdog said Friday that a tribunal has approved its decision to ban two financial advisers from working in financial services and impose approximately £1 million ($1.3 million) in fines over their pension transfers that put clients' retirement money at risk.

  • May 30, 2025

    Pension Credit Applications Rise 28% Since Winter Fuel Cut

    The number of applications for pension credit in the U.K. increased 28% in the past year since the government said that it will ax winter fuel payments for millions of retirees, Department for Work and Pensions data shows.

  • May 30, 2025

    FCA To Review If Monthly Insurance Payments Penalize Poor

    The Financial Conduct Authority has said that it will soon publish a long-awaited review into whether poorer customers are being penalized when they opt to pay their insurance premiums in monthly installments.

  • May 30, 2025

    Linklaters-Led Insurer To Take 15% Stake In UK Rival M&G

    M&G PLC said Friday that it has agreed with Dai-ichi Life Holdings Inc. to sell it a 15% stake in the British financial group to create a long-term partnership with the Japanese insurer and help it expand in Europe.

  • May 30, 2025

    Pension Adviser Declared In Default Over Unpaid Claims

    The Financial Services Compensation Scheme confirmed on Friday that a pensions advisory company has been declared in default after it was unable to pay out on claims brought by clients.

  • May 29, 2025

    UK Eyes Alignment With Int'l Sustainability Standard

    Britain's accounting regulator proposed on Thursday introducing a U.K. version of the international standard used for sustainability assurance in a bid to ensure consistency in the sector.

  • May 29, 2025

    Private Equity Firm Advent To Buy Insurance Broker Kereis

    Private equity firm Advent International has agreed to acquire international insurance brokerage Kereis from investment company Bridgepoint, which acquired the broker five years ago.

  • May 29, 2025

    US Tariffs Spark Profit Warnings For UK Pension Sponsors

    British businesses might seek to tap into pension surpluses because of ongoing financial losses caused by U.S. tariffs, a professional services firm has warned.

  • May 29, 2025

    Insurers' Body Widens Salvage Code To Include EVs

    The Association of British Insurers has updated its guidance for insurance companies and salvage firms that categorize written-off vehicles to cover electric and hybrid cars.

  • May 29, 2025

    Bigger Isn't Better In £25B Pensions Megafund Reform

    The U.K. government unveiled on Thursday a sweeping reform program to drive the creation of new pension megafunds with the firepower to invest more in the U.K. economy — but experts warn this could stifle competition and "put a gun" to providers' heads.

  • May 29, 2025

    FCA To Update Regulatory Directions For UK Finance Firms

    The Financial Conduct Authority said Thursday that it will amend and update approximately 11,000 legal requirements, obligations and restrictions for more than 9,000 financial firms in the U.K.

  • May 28, 2025

    UK Firms Plan To Tap Pension Surpluses Amid Rule Changes

    Most U.K. businesses with defined benefit pension plans larger than £500 million ($673 million) have said they would access their retirement plan surplus once the government allows them to tap into the money, new research shows.

  • May 28, 2025

    Social Media Giants Urged To Curb Unauthorized Finance Ads

    The European Union's financial markets watchdog urged the world's major social media and online companies on Wednesday to stop promoting unauthorized financial services on their platforms.

  • May 28, 2025

    New FCA Crypto Rules Focus On Stablecoin Value, Security

    The Financial Conduct Authority on Wednesday proposed rules aimed at ensuring stablecoins hold their value and firms keep cryptocurrencies safe, as the U.K. progresses on its plans to oversee regulation of the risky assets.

  • May 28, 2025

    DLA Piper Steers Aviva's £270M Morrisons Pension Deal

    Aviva said on Wednesday that it has taken on £270 million ($364 million) worth of pension plan liabilities from a retirement fund sponsored by supermarket giant Morrisons.

  • May 28, 2025

    UK Eyes Cutting Pension Tax Breaks To Boost Revenue

    The government could be considering the removal of tax breaks on workplace pensions salary-sacrifice plans, experts have warned, as part of an effort to increase revenue in the next budget.

Expert Analysis

  • Frustrating Events: Are Your Contracts Brexit-Proof?

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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.

  • Worldwide Freezing Orders Can Backfire Without Proper Care

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    Worldwide freezing orders, which preserve a respondent's assets until the outcome of the substantive case, are an important weapon in the arsenal of a commercial litigant. However, as FSDEA v. Dos Santos demonstrates, courts lay heavy obligations upon WFO applicants, says Nicola McKinney of Grosvenor Law Ltd.

  • UK Litigation And Guidance Highlight Cybersecurity Risk

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    Recent developments in the United Kingdom emphasize the importance of companies implementing cybersecurity measures proactively both to prevent incidents and to argue in mitigation when, not if, the company does suffer a data breach, say Guillermo Christensen of Ice Miller LLP and Anupreet Amole of Brown Rudnick LLP.

  • 2 BVI Cases Explore Scope Of Proper Purpose Test

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    Two recent cases in the Eastern Caribbean Court of Appeal have presented British Virgin Island courts an opportunity to develop a local jurisprudence regarding the BVI Business Companies Act and provide guidance on how the proper purpose test is to be applied, says Rosalind Nicholson of Walkers Global.

  • Last-Minute Brexit Preparations For EU Financial Firms

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    As the deadline for a hard Brexit draws ever closer, financial firms operating in the United Kingdom or European Union must consider how possible outcomes will impact transactions and contractual relationships, and take steps to mitigate business interruptions, say Gilles Kolifrath and Linda Sharkey of Kramer Levin Naftalis & Frankel LLP.

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