Two Swiss powerhouses have collaborated to offer their in-house legal teams a two-way secondment programme. Private bank UBS and insurer Zurich Insurance have agreed to swap two secondees each for a three-month placement. Intakes happen in the spring and autumn of each year, meaning that four secondment swaps occur per year. The programme is spearheaded […]
Will Bloomer, Howden’s chief corporate and legal affairs officer, has passed away, with the insurer today paying tribute to its late legal head. Howden said in an announcement that Bloomer died suddenly and unexpectedly last week, and his survived by his wife Nikki and children. In a statement, Howden CEO David Howden said: “Bloomer’s impact […]
The general counsel at Crown Agents Bank has moved to Ki Insurance after just five months. Joanna Nayler made the move from the cross-border payments and FX services provider to become GC and compliance director at the insurance firm as of March 2024. Ki Insurance is a digital insurance company, driven by algorithmically powered underwriting. […]
Insurance giant Clyde & Co has launched a UK restructure with up to 14 partner roles understood to be under threat. It is understood that the partners affected were informed of the restructure at the start of January. Sources close to the firm said roles in Clydes’ defendant casualty practice, which covers employer, public, road […]
RPC’s insurance head is looking to expand the firm’s capabilities in two key areas ahead of a revamped strategy to kick off the 2024/25 financial year. Simon Laird’s three-year strategy for the insurance group will run until the end of the 2027/28 financial year and seeks to grow in two key areas that the firm […]
Execution, as one lawyer says, is “easy to plan, but really ***ing hard to do”. That word ‘execution’ will be resting heavily on the minds of Hannes Snellman’s senior leadership. Earlier this year, the firm split in two; Helsinki and Stockholm are going their own ways. It effectively brings to an end one of the […]
Wanting to be in a relationship is an entirely natural desire for most 20- to 30-somethings, yet the process of finding and maintaining a partner is ever-difficult for time-poor lawyers.
Six years since the Infected Blood inquiry launched, the scandal poses questions about the real challenges that vulnerable victims face when dealing with a complex legal system.
Newcastle firm Ward Hadaway wants to be a £100m firm in the next decade, meaning it needs to add 10 per cent to its revenue every year. Here’s how it intends to do it.
It was the turn of the general counsels last week to give their perspective on the Post Office Horizon scandal. Here’s what they had to say about Womble Bond Dickinson, Linklaters and litigation funders. For live updates, check out our live blog. Funders react to Womble Bond’s plan to “stretch out the litigation process” Earlier […]
The use of LinkedIn for self-promotion has skyrocketed in the last decade, as businesspeople use social media to attract new opportunities and position themselves with authority in their industry. But it’s important to tread with caution.
Over two decades Peter Jackson has steered his firm through mergers, spin-offs and redundancies to growth
Corporate teams at Slaughter and May and Travers Smith are relying on larger – and younger – teams of associates to power up their revenues. According to data collected by The Lawyer’s Practice Analysis service, firms housing a larger number of junior lawyers help to grow revenues quicker compared to firms with a more senior […]
Leeds: Leeds’ legal industry has been going through a resurgence. The city, once known for being the largest legal hub outside of London a couple decades ago, had fallen behind the bustling centres of Manchester and Bristol in the years that followed. But with seven UK100 firms having opened in Leeds since the Covid-19 pandemic […]
I often hear commercial dispute resolution practitioners, unlike their personal injury and clinical negligence colleagues, say “Our clients are not interested in ATE Insurance or disbursement funding because they can afford to pay disbursements and bear the opponents costs if the case is unsuccessful”. I have a few things to say about this view.
For so many businesses, it’s not a case of if, but when. In 2021, two in five UK businesses said they had experienced cybersecurity breaches or attacks in the previous 12 months, according to the UK government’s Cyber Security Breaches Survey 2021.
Whilst there is little doubt personal injury clients anticipate some form of conditional fee and ATE insurance package being offered by their lawyer, that is not the case with commercial client’s disputes.
The proposal for a directive on the recovery and resolution of insurance and reinsurance companies enshrines the no creditor worse off principle as provided for in the Bank Recovery and Resolution Directive (BRRD). This opens the door for the Portuguese legislature to repeat the mistakes it made when incorporating the BRRD into Portuguese law.
In the context of ATE insurance and before the trial of the claim, this often will mean the confidence in the insured’s case has been seriously eroded. Unsurprisingly the cause of such erosion can be a number of factors – disclosure may throw up inconvenient evidence, an expert’s report may be less than supportive, or inconsistencies identified in a key witness’s recollection of events that took place a long time ago.
Section 8 of the Consumer Insurance Contracts Act (2019 Act) came into operation on 1 September 2021. It provides for pre-contractual duties of consumers and insurers.
Following on from the Central Bank of Ireland’s ‘Review of Differential Pricing in the Private Motor and Home Insurance Markets’, price walking was identified as a key consumer risk. On foot of this, the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Insurance Requirements) Regulations 2022 have now been published and will come into force on 1 July 2022.
After almost two decades in development, International Financial Reporting Standard 17 (IFRS 17) came into effect on 1 January 2022, replacing IFRS 4. This means that IFRS 17 is effective for reporting periods beginning on or after 1 January 2023, with earlier adoption permitted if both IFRS 15 Revenue from Contracts with Customers and IFRS 9 Financial Instruments have also been applied. The temporary exemption to IFRS 9 Financial Instruments has been extended to 1 January 2023.
The Temple head office is located just a few miles from the historic motor racing track at Brooklands. In the 1930s the track announced on its posters that it offered “The Right Crowd and No Crowding.” It strikes the author that this catchy phrase sums up the effectiveness of group litigation.
Property litigation is familiar territory for Temple but one area that often features prominently are claims arising out of the valuation of property. These claims are inevitably cyclical – a downturn in the economy prompts lenders to look to the property against which they may have lent in the past.
In this review of developments in 2021 and analysis of some of the important issues on the horizon in 2022, Browne Jacobson shares insights that it hopes will enable you to rise to the challenges, and make the most of the opportunities, which lie ahead across various sectors and lines of business.
On 8 July 2021, the European Insurance and Occupational Pensions Authority (EIOPA) published its draft Supervisory Statement on Supervision of Run-Off Undertakings (Paper). The Paper is a precursor to a pan-European supervisory approach to regulating entities in run-off.
