Legal
DAC Beachcroft approved for ABS licence
International law firm DAC Beachcroft has been awarded a licence by the Solicitors Regulation Authority to operate as an alternative business structure.
Ex-Gallagher execs to fork out £2m in settlement costs
The settlement between Arthur J Gallagher and former international division CEO David Ross and others will cost some of the broker's former executives £2m.
Editor's Comment: The best is yet to come
The biggest story of the year has run its course, or so many would have us believe, now that Towergate and Arthur J Gallagher have settled their personnel spat out of court, albeit with a £20m price tag, excluding the legal fees already shelled out.
NAH data shows 92% of claimants in contact within first year of RTA
One of the personal injury firms behind the launch of the Ethical Marketing Charter has defended its record amid suggestions by insurers that the number of late claims has tripled in recent times.
Blog: The Sonae group action and the compensation culture
The judgment handed down last month in Saunderson & Others v Sonae makes for uncomfortable reading. Dismissing over 16,000 personal injury claims, a High Court judge criticised the conduct of the solicitors who had brought induced, exaggerated and…
Iran sanctions removal may present early opportunity for EU insurance firms
Non-US owned insurance companies may look to steal a march on their competitors if sanctions prohibiting trading with Iran are not lifted simultaneously by all countries.
Blog: Stevens v Equity...what now?
Six months on from the landmark decision of the Court of Appeal in Stevens v Equity, the ramifications continue to be felt across the industry. The judgment appeared to be the game changer that the insurance industry had been hoping for following the…
Trade Voice: Why we’ll always need solicitors
Despite falling claims numbers, new technology means the need for legal firms will not decrease.
Towergate on to next challenge after conclusion of 'unsavoury' Gallagher dispute
Arthur J Gallagher and Towergate have been accused of “airing their dirty laundry in public” following the conclusion of a legal battle from which market insiders remain at odds as to who will have emerged more satisfied.
Blog: Vnuk, an involuntary risk transfer
The odd tabloid article has told Mr Smith that, because of the European Union, he'll soon need to insure his ride-on lawnmower under a motor policy. However ludicrous that may sound, the reality is that could be true. While newspapers have chosen…
How insurers can get ready for the Fourth Anti-Money Laundering Directive
The Fourth Anti-Money Laundering Directive applies to a range of businesses, including insurers. After its formal adoption in June, European Union member states now have two years to implement the new rules into national law.
Ross to join Towergate in November as Gallagher dispute settled for £20m
The legal dispute between Arthur J Gallagher and former employees David Ross and Mark Mugge and independent consultant Christopher Keey has been resolved with Towergate and shareholder Highbridge to pay £20m in settlements.
Towers Watson shareholders aim to block Willis merger
Towers Watson shareholders have filed several class action suits against the consultancy firm in the US over its planned merger with broker Willis.
Thompsons demands MP action for motorists after insurer results statements
Law firm Thompsons Solicitors is demanding cross-party action from MPs after it criticised claims portal costs as being "punitive", "unrealistic" and set for the benefit of insurers.
Nicholson leaves DAC Beachcroft for Kennedys in Singapore
DAC Beachcroft is down to one partner in Asia following insurance partner and office founder Ben Nicholson's move to rival insurance-led firm Kennedys.
Quindell inquiries expected to run for years as shareholders seek redress
Hundreds of shareholders of beleaguered outsourcer Quindell are gearing up to seek compensation following “misleading statements” by the firm’s former management, as market insiders reveal investigations into the company could run for several years.
Insurance Act: Loss Adjusters: The need to change
Loss adjusters may need to change their working practices as the Insurance Act comes into effect
Allianz wins judgment on ‘unreasonable’ issuing of court proceedings
Allianz has successfully defended itself from having to pay seven times more in costs for a personal injury case after a judge ruled the claimant had issued legal proceedings prematurely.
SIMR: enhanced responsibility and accountability for senior management
Significant changes are in store for the UK's rules for senior managers of insurance and reinsurance firms, including Lloyd's managing agents and firms not subject to Solvency II.
Miss England contestant and semi-pro footballer jailed for whiplash fraud
A former Miss England contestant and ex-semi-pro footballer has been jailed for two months alongside another woman after attempting to defraud Esure out of £3000 for a false whiplash claim.
Hastings adds Peter Blanc to its board of directors
Aston Scott executive chairman Peter Blanc has been appointed to the board of directors at Hastings Insurance Group along with legal private practice stalwart Selina Sagayam.
Compulsory insurance for drones mooted as insurers are urged to review wordings
Insurers must review policy wordings that could be interpreted to cover drone use, legal experts have advised, amid calls for the industry to lobby regulators around safety laws and the potential for compulsory insurance relating to the emerging…
Singapore judge dismisses springboard injunctions in broker legal spat
Judge Choo Han Teck has dismissed attempts by JLT to grant two springboard injunctions against Howden, four former JLT employees and recruitment firm Huntington Search.
Legal Update: Is the Insurance Act 2015 a liability?
Question marks remain over how the market will respond to key provisions, says Nick Young.