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UK Insurance Act Receives Royal Assent
The Insurance Act 2015 received royal assent on 12th February 2015. The Act, which I described as the “the most profound shift in UK commercial insurance law ever,” introduces key changes to the duty...
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How London’s Boom Is Driving Innovation in Insurance
London’s booming residential and commercial property investment market has resulted in overseas investors needing custom-made insurance solutions to help them secure the deals they want – whether that...
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How Attitudes and Approaches to Risk Management Differ Between UK Law Firms
The risk and compliance function within law firms is one of the most arduous roles within the business. We recently surveyed over 130 partners, COFAs, COLPs, risk directors and other members of risk...
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What do the Changes to UK Driving Licenses Mean for Employers?
As of June 8, 2015, the paper counterpart to the standard photo card driving licence are no longer valid nor issued by the Driver and Vehicle Licensing Agency (DVLA), for driving licence holders in...
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UK Real Estate Alternatives Become Mainstream
Property traditionally performs well as an asset class in a low-interest-rate environment. And with record low yields in bonds and gilts, a more varied group of investors have entered the commercial...
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Opinion: Turning the Tide on Insurance Commission
One of the longest-running debates in the residential rental sector has been around the commission charged by landlords and agents on insurance. Traditionally, in the UK many property owners have...
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Directors’ Liability Regime Changes – In Force Today!
Over a year ago I blogged about significant proposed changes to the Directors Disqualification Regime and to the rules relating to assignment of rights of action against directors of insolvent...
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Is the End Nigh for UK Salary Sacrifice Schemes? And Why Does it Matter?
The UK’s Chancellor of the Exchequer, George Osborne, recently released his autumn statement which calls to assess the relevance and future of salary sacrifice schemes. Salary Sacrifice: Truly Win-Win?...
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Building Resilience Around Natural Hazards and Climate Change
A changing climate and rapidly growing exposure to natural catastrophes presents the world with an unprecedented challenge. The number of extreme weather events has doubled since the 1980s to an...
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U.K. Pay Equity Passes Another Milestone–With Implications This Year
The countdown to the proposed introduction of the Equality Act 2010 (Gender Pay Gap Information) Regulations 2016 (the ‘Regulations’) in October has passed another milestone. On 12 February, the...
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The U.K. Private Rented Sector – A Post Budget Reflection for Institutional...
The private rented sector (PRS) is the term for private individuals renting residential property. Akin to the U.S. ‘multi-family apartment’ model, which has been very popular and reflects around 25% of...
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Modern Methods of Construction Back in the Spotlight
Rising costs and a shortage of skilled labour in the construction industry have thrown modern methods of construction (MMC) into the spotlight over recent months. Developers need a cheaper method of...
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Survey: New Liabilities, Fresh Scrutiny by Regulators, and Cyber Threats Keep...
We publish today the results of our fourth annual survey of directors’ liabilities which we run together with international law firm Allen & Overy. Since we began publishing this series in 2011,...
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Using Surety to Free up Capital
The U.K. construction slowdown of the last few years has prompted numerous contractors to move into new territories, albeit not at the rate that some anticipated (with only one of the top ten European...
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Could a tsunami wipe out the U.K. coastline?
Tsunami is a risk unlike any other natural catastrophe: it has the potential to dramatically change the landscape in a very short space of time, leaving devastation in its wake. And as an island, the...
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The Senior Managers Regime – Just a Matter of Doing the Right Thing?
The Senior Managers’ Regime (SMR), due to come into force in March 2016, is the U.K. financial regulators’ response to widespread concern that bank executives were not held personally responsible for...
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A new insurance act comes into force–but it’s not that one!
A lot has been written (not least by me) about the new Insurance Act which is due to come into force in August of this year. It has rightly been described as one of the most important pieces of U.K. …
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I am entitled to a lawyer being present if interviewed by the Serious Fraud...
We have all seen enough police shows to be familiar with the mantra that you are entitled to have a lawyer present, along with the warning that: You do not have to say anything. But it may harm your...
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BREXIT – Impact on EU captives and insurers: Pass-porting
Following Brexit, captive owners and insurers have a maximum of two years from the triggering of Article 50, to formulate any contingency plan.
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Robo-advisers – an iron giant
At the beginning of June, the Financial Conduct Authority (FCA) launched its Advice Unit, designed to help “robo-advisers” – firms offering automated advice through online platforms to deliver cheaper...
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