Insurance UK

  • December 11, 2024

    Linklaters-Led Orsted To Sell Wind Farm Stake For $1.6B

    Danish multinational energy company Orsted said Wednesday that it has agreed to sell a 50% stake in an offshore wind farm in the South China Sea to Taiwanese insurer Cathay Life Insurance for approximately 11.6 billion Danish kroner ($1.6 billion).

  • December 11, 2024

    Gov't Urged To Carefully Prioritize Regulatory Reforms

    The British government must prioritize a "logical sequence" of regulatory reforms that most benefit consumers and improve economic growth instead of introducing changes all at once, the insurer Aegon said Wednesday.

  • December 11, 2024

    6 Firms Guide Nippon Life's $8.2B Resolution Life Acquisition

    Japanese life insurer Nippon Life said Wednesday that it has agreed to buy the remaining 77% stake in holding group Resolution Life that it does not already own for $8.2 billion.

  • December 10, 2024

    High Car Insurance Keeping 2.6M From Driving In UK

    The soaring cost of car insurance is keeping 2.6 million drivers who are unable to afford the price off of the roads in the U.K., statistics published by Citizens Advice on Tuesday show.

  • December 10, 2024

    Dorsey & Whitney-Led UK Insurance Co. To Buy US Claims Biz

    The Davies insurance group said it has agreed to acquire a U.S. insurance claims company, in a deal guided by Dorsey & Whitney LLP and The Law Offices of Steven D. Rubin APC, to strengthen its presence in North America.

  • December 10, 2024

    Cybersecurity Firm Launches Legal Expenses Insurance

    British cybersecurity firm M2 Recovery unveiled a new "after the event" legal expenses policy on Tuesday, expanding its crypto-insurance services to assist individuals seeking to recover stolen digital assets.

  • December 10, 2024

    Regulations Halt Pension Transfers 'Needlessly,' Adviser Says

    Four out of five pension transfers have been halted either for an unknown reason or because they involved potentially low-risk overseas investments, a financial adviser said.

  • December 10, 2024

    FCA Will Support Growth But Not 'Light Touch' Regulation

    The Financial Conduct Authority said on Tuesday that it will not return to the "light touch" regulation from before the 2008 financial crisis but is committed to responsible risk-taking to support the Labour government's goal of boosting economic growth.  

  • December 09, 2024

    UK Insurers Post Leadership Diversity Gains

    An insurance industry trade body said Monday the sector increased its senior management-level representation of women last year to 33% — but is still falling behind U.K. corporate averages.

  • December 09, 2024

    Insurers Set To See Boost From UK Discount Rate Change

    Insurers could enjoy a boost to underwriting profitability following a decision by the U.K. government to adjust the way in which damages are calculated for major injury claims, ratings agencies have said.

  • December 09, 2024

    Audit Watchdog Floats Revised Rules For Pension Standards

    Britain's accounting watchdog on Monday proposed a series of revisions to the actuarial rules used in the retirement savings sector to reflect recent changes in pension regulations and skyrocketing funding levels of schemes in the U.K.

  • December 09, 2024

    Arthur J. Gallagher Buying AssuredPartners For $13.5B

    Arthur J. Gallagher & Co. has agreed to purchase independent insurance brokerage AssuredPartners for $13.5 billion in cash, in what its seller, private equity firm GTCR, said will be the largest sale of a U.S. insurance broker to a strategic acquiror in the history of the industry.

  • December 09, 2024

    Insurer Launches Estate Planning Cover After Tax Changes

    Royal London said on Monday that it has launched an insurance product designed to help consumers with their end-of-life planning, as a growing number of estates are set to become subject to inheritance tax after recent government changes.

  • December 09, 2024

    Lloyd's, Beachcroft Launch Index For Injury Awards

    A trade body of Lloyd's of London has said that it has launched an index of the average cost of personal injury awards around the world in association with DAC Beachcroft LLP.

  • December 06, 2024

    Allianz Exec Avoids Prison For $7B Investor Fraud

    A New York federal judge on Friday declined to sentence a former portfolio manager for Allianz SE's U.S. unit to any time in prison for lying to investors about the riskiness of a group of private investment funds that lost over $7 billion when the COVID-19 pandemic hit.

  • December 06, 2024

    Gateley Sued Over 'Unviable' Housing Development Advice

    In a negligence claim against Gateley PLC, a housing developer alleges a law firm later acquired by Gateley gave advice during the purchase of two development sites in Surrey that ultimately stopped the sites from becoming profitable.

  • December 06, 2024

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

    This past week in London has seen Burberry file a copyright claim against discount store B&M, the former owner of Charlton Athletic file a debt claim against the football club, and British Airways and the U.K. government face a class action brought by flight passengers taken hostage at the start of the First Gulf War. Here, Law360 looks at these and other new claims in the U.K.

  • December 06, 2024

    Insurer Says £900K Construction Claim Has Come Too Late

    An insurer has denied owing a housing association £910,000 ($1.2 million) for allegedly failing to cover construction costs after a building contractor went bust and said the claim has come too late.

  • December 06, 2024

    UK Asset Managers Get More Time For Sustainability Reports

    The Financial Conduct Authority proposed Friday to allow asset managers using a sustainability label an extra four months to produce the first required annual product-level sustainability report.

  • December 06, 2024

    New Tool Rolled Out To Help Firms Meet Consumer Duty Rules

    A nonprofit organization has rolled out a free tool designed to help financial services companies measure how well they are complying with the Financial Conduct Authority's Consumer Duty rules.

  • December 06, 2024

    FCA Bosses To Face Treasury Panel After Bruising Month

    The Financial Conduct Authority's top brass will be quizzed by an influential panel of lawmakers on Tuesday, hard on the heels of a series of setbacks that saw the regulator rowing back on controversial reforms and called "incompetent" in a parliamentary review.

  • December 06, 2024

    Insured Losses From Disasters To Top $135B, Swiss Re Says

    Insured losses from natural catastrophes are projected to pass $135 billion this year, marking the fifth consecutive year in which the total exceeded $100 billion, according to a report by the Swiss Re Institute.

  • December 06, 2024

    Direct Line Tentatively Accepts Aviva's Higher £3.6B Offer

    Direct Line said Friday it has accepted an improved £3.6 billion ($4.6 billion) cash-and-shares takeover offer from Aviva but cautioned that the deal is not final until its British insurance rival makes a firm offer by a deadline of Dec. 25.

  • December 05, 2024

    PIC Insurance Co. Must Hand Control To Founder's Estate

    The top appeals court for U.K. overseas territories upheld Thursday a finding that an Antiguan insurance company's board of directors was wrong to refuse to hand majority control of the business to its founder's estate.

  • December 05, 2024

    Pension Funding Is 'Largely Stable,' Lifeboat Fund Says

    The net funding position of defined benefit pension schemes in Britain has remained "largely stable" over the last year, the Pension Protection Fund said in a report Thursday.

Expert Analysis

  • Rebuttal

    Legal Industry Should Pursue AI Prediction Progress

    Author Photo

    As part of the debate prompted by my recent Law360 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

    Author Photo

    A recent Law360 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

    Author Photo

    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

    Author Photo

    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.

  • Surefire Marketing Methods To Build Your Legal Practice

    Author Photo

    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.

  • Mandatory Mediation May Lie Ahead For England And Wales

    Author Photo

    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.

  • Key Risks And Developments For UK Law Firm Culture In 2020

    Author Photo

    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.

  • Cos. Can Start Preparing Now For Immigration Beyond Brexit

    Author Photo

    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.

  • #MeToo Pressure On UK Businesses Is Set To Rise

    Author Photo

    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.

  • Opinion

    UK's Insurer Investigations May Not Help Policyholders

    Author Photo

    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.

  • The Outlook For Autonomous Vehicles In The UK And US

    Author Photo

    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.

  • Brexit's Impact On London As A Top Int'l Arbitration Seat

    Author Photo

    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.

  • Post-Brexit UK Likely To Conform With EU On Human Rights

    Author Photo

    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.

  • The Evolution Of GDPR Enforcement Across The EU

    Author Photo

    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.

  • Series

    Why I Became A Lawyer: Being There For Families In Trouble

    Author Photo

    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.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Insurance UK archive.
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!