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Press and Media

RPC named Insurance Law Firm of the Year at ALB Hong Kong Law Awards

Published on 26 Sep 2022. By Antony Sassi, Managing Partner, Asia

Accolade comes as international law firm celebrates 10th anniversary in Asia

Press and Media

RPC's Insurance Group adds further strength with new financial services and D&O Specialist in Bristol

Published on 12 Sep 2022.

International law firm RPC has hired Terence Dickens as a Partner for its leading Insurance Group, specialising in financial services disputes. He joins the firm on 12 September 2022 and will be based in RPC's Bristol office.

Perspective - Publication

RPC Insurtech in brief - July 2022

Published on 29 Jul 2022. By Neil Brown, Partner and William Hogarth, Partner and Lauren Murphy, Senior Associate

Welcome to the July 2022 edition of Insurtech in Brief – a selection of the latest Insurtech news and developments from across the globe.

Perspective - Blog

Is the FCA to blame for BSPS? MPs seem to think so

Published on 22 Jul 2022. By Rachael Healey, Partner

The House of Commons Public Accounts Committee (PAC) yesterday published a report entitled "Investigation into the British Steel Pension Scheme". The report makes a number of recommendations in light of its investigations in to the FCA's conduct and regulatory oversight at the time of the issues arising from the British Steel Pension Scheme (BSPS) and in particular the decision by 7,834 members to transfer to a personal pension arrangement. The report is heavily critical of the FCA's handling of BSPS and its regulatory oversight of the defined benefit transfer market generally. Given the request in the report for an update from the FCA on its progress on the various recommendations and conclusions in 6 months' time, we wait to see how the FCA reacts to yet further criticism of its handling of BSPS at a time when it is reviewing responses to the consumer redress scheme consultation.

Press and Media

Crypto crash could accelerate insurers rewriting policies to reduce exposure claims

Published on 15 Jul 2022. By James Wickes, Partner

The cryptocurrency crash could accelerate the process of insurers rewriting policies to reduce potential exposure, including making greater use of virtual currency exclusions, warns international law firm RPC.

Press and Media

RPC advises Howden on acquisition of Singapore-based AEGIS Insurance Agencies

Published on 05 Jul 2022. By Andrew Carpenter, Partner and James Mee, Partner

International law firm RPC has advised global insurance broker Howden on its acquisition of AEGIS Insurance Agencies in Singapore, strengthening its commitment to the Asian market.

Perspective - Publication

RPC Insurtech in brief - June 2022

Published on 29 Jun 2022. By Neil Brown, Partner and William Hogarth, Partner and Lauren Murphy, Senior Associate

Welcome to the June 2022 edition of Insurtech in Brief – a selection of the latest Insurtech news and developments from across the globe.

Press and Media

RPC's burgeoning Insurance Group hires FI and D&O specialist

Published on 07 Jun 2022. By Mike Newham, Partner and James Miller, Managing Partner and Simon Laird, Global Head of Insurance

International law firm RPC has hired Financial Institutions (FI) and Directors' and Officers' (D&O) liability insurance specialist Mike Newham to join the firm's leading Insurance Group in London as Partner.

Perspective - Blog

Beware the client who is too busy to litigate

Published on 23 May 2022. By Will Sefton, Partner and Tom Morris, Associate

Clients need to understand from the outset of litigation not only how significant the cost of litigation can be, but also the time commitment.

Press and Media

RPC advises AssuredPartners on the acquisition of Gallivan Murphy Insurance Brokers

Published on 26 Apr 2022. By Chris Brierley, Partner and James Mee, Partner

International law firm RPC has advised its longstanding client Assured Partners on the acquisition of high growth brokerage Gallivan Murphy Insurance Brokers (GMIB). The deal is subject to regulatory approval and is anticipated to complete in summer 2022.

Press and Media

RPC advises Howden on acquisition of SPF Private Clients

Published on 14 Apr 2022. By James Mee, Partner

International law firm RPC has advised international insurance broker Howden on its acquisition of leading financial services business SPF Private Clients (SPF).

Perspective - Blog

FCA consultation on British Steel redress scheme published

Published on 31 Mar 2022. By David Allinson, Partner and Robert Morris, Partner

The FCA has now published its consultation paper on the proposed redress scheme for British Steel Pension transfers under s.404 of FSMA. The scope of this is wider than anticipated and the proposals contain some surprises around the lack of an opt-in process and potential involvement of FOS.

Press and Media

RPC advises Mosaic Insurance in deal to purchase SiriusPoint managing agency at Lloyd's

Published on 29 Mar 2022. By James Mee, Partner

International law firm RPC has advised Mosaic Insurance on an agreement to purchase the Lloyd's managing agency of SiriusPoint, the global re/insurer, as part of a wider transaction with SiriusPoint becoming a strategic investor in Mosaic.

Press and Media

RPC advises MS Amlin on innovative split reinsurance to close (RITC) deal with Riverstone International

Published on 15 Mar 2022. By William Hogarth, Partner and James Mee, Partner and Kelly Thomson, Partner

International law firm RPC has advised MS Amlin Underwriting Limited, part of the global top-10 insurance group MS&AD, on its ground-breaking RITC deal with Riverstone International, an industry-leading acquirer and reinsurer of legacy and discontinued insurance business.

Press and Media

RPC completes sale of insurance software business to global professional services firm Aon

Published on 01 Mar 2022. By James Miller, Managing Partner

Insurance software business RPC Tyche announces the successful sale of its business to global professional services firm Aon. The transaction was completed on 1 March 2022. RPC Tyche was jointly owned by international law firm RPC and software and consultancy business Marriott Sinclair.

Perspective - Blog

SIPPs and FOS - does the Rowanmoor decision change anything?

Published on 02 Feb 2022. By Rachael Healey, Partner

Last week FOS published a decision it reached last year in a complaint against a SIPP provider involving advised sales. The FOS upheld the complaint, finding that the SIPP provider should have rejected business from the regulated financial adviser, CIB Life and Pensions Limited (CIB), given, broadly, red flags available to the SIPP provider with respect to the operation of CIB's business model including that CIB was not advising on the ultimate investment within the SIPP and as a result such introductions involved a significant risk of consumer detriment. The decision has received quite a bit of press attention - but has it moved the dial for SIPP complaints before FOS or not?

Perspective - Blog

RPC Insurtech in brief - January 2022

Published on 14 Jan 2022. By Neil Brown, Partner and Daniel Guilfoyle, Partner and Lauren Murphy, Senior Associate

Welcome to the January edition from RPC of Insurtech in brief, providing you with a handful of snappy monthly updates from the industry.

Press and Media

Covid civil unrest, claims arising from the SDLT holiday and emerging trends in class actions – the major issues set to impact insurers in 2022

Published on 11 Jan 2022. By Simon Laird, Global Head of Insurance

Civil unrest in response to lockdowns, claims arising from the Stamp Duty holiday and emerging trends in class actions are just three of the major issues facing insurers in 2022, according to the latest Annual Insurance Review from international law firm RPC.

Perspective - Blog

The Future of Insolvency Regulation

Published on 04 Jan 2022. By Rachael Healey, Partner

On 21 December 2021 the Government launched a consultation into the future of insolvency regulation. The changes proposed in the consultation document will have a wide ranging impact on the insolvency profession (and its insurers) with the proposals including: the direct regulation of insolvency firms, the introduction of a single regulatory body with powers to order compensation against insolvency practitioners and firms, a new additional requirements regime, changes to the bond regime and a public register of insolvency practitioners and firms. Many of the changes proposed require primary legislation and so it may be some time before the changes to take effect (if adopted). But there does appear to be some wind behind these proposals given they follow on from the Call for Evidence in 2019 and a more general focus on insolvency issues in the wake of the Covid-19 pandemic.

Perspective - Blog

RPC Insurtech in brief - November 2021

Published on 21 Oct 2021. By Neil Brown, Partner and Daniel Guilfoyle, Partner and Lauren Murphy, Senior Associate

Welcome to the November edition from RPC of Insurtech in brief, providing you with a handful of snappy monthly updates from the industry.

Perspective - Blog

RPC Insurtech in brief - October 2021

Published on 21 Oct 2021. By Neil Brown, Partner and Daniel Guilfoyle, Partner and Lauren Murphy, Senior Associate

Welcome to the October edition from RPC of Insurtech in brief, providing you with a handful of snappy monthly updates from the industry.

Perspective - Blog

FOS proposals to clear the back-log - attractive or not?

Published on 18 Oct 2021. By Cory Gilbert-Haworth, Associate and Rachael Healey, Partner

The Financial Ombudsman Service (FOS) has proposed a temporary approach to the classification of certain complaints in an attempt to alleviate their complaints backlog exacerbated during the COVID-19 pandemic. The approach could see firms looking to pro-actively resolve complaints before a defined cut off date before FOS reaches a decision so that the complaint is recorded separately and not as a "change in outcome" (i.e. where a complaint has been rejected by a business and upheld by FOS). The consultation was open for a short two-week period between 4 and 18 October 2021.

Perspective - Blog

RPC Insurtech in brief - September 2021

Published on 14 Sep 2021. By Neil Brown, Partner and Daniel Guilfoyle, Partner and Lauren Murphy, Senior Associate

Welcome to the September edition from RPC of Insurtech in brief, providing you with a handful of snappy monthly updates from the industry.

Press and Media

RPC boosts market-leading transactional and regulatory insurance team with Partner hire

Published on 06 Sep 2021. By William Hogarth, Partner

Key strategic hire adds further strength to the firm's expanding transactional and regulatory insurance team

Perspective - Blog

RPC Insurtech in brief - August 2021

Published on 16 Aug 2021. By Neil Brown, Partner and Daniel Guilfoyle, Partner and Lauren Murphy, Senior Associate

Welcome to the August edition from RPC of Insurtech in brief, providing you with a handful of snappy monthly updates from the industry.

Press and Media

RPC hires rising international casualty star in major boost to RPC's market-leading Insurance Group

Published on 21 Jul 2021. By Kimberley Nanson, Senior PR & External Communications Manager

International law firm RPC has hired international casualty partner, Lucy Dyson, to join the firm's leading Insurance Group in London. Lucy joins RPC from DAC Beachcroft LLP, where she specialised in international casualty coverage and disputes. Lucy joins RPC on 21 July 2021.

Perspective - Blog

RPC Insurtech in brief - July 2021

Published on 16 Jul 2021. By Neil Brown, Partner and Daniel Guilfoyle, Partner and Lauren Murphy, Senior Associate

Welcome to the July edition from RPC of Insurtech in brief, providing you with a handful of snappy monthly updates from the industry.

Perspective - Blog

RPC Insurtech in brief - June 2021

Published on 17 Jun 2021. By Neil Brown, Partner and Daniel Guilfoyle, Partner and Lauren Murphy, Senior Associate

Welcome to the June edition from RPC of Insurtech in brief, providing you with a handful of snappy monthly updates from the industry.

Press and Media

RPC advises Howden Group on the launch of Parhelion, the world's first fully sustainable insurer

Published on 16 Jun 2021. By Kimberley Nanson, Senior PR & External Communications Manager

International law firm RPC has advised Howden Group, the international insurance group, on the launch of Parhelion, the world's first fully sustainable insurer.

Press and Media

RPC Launches Global Access Lawyers with Cohort of Leading Insurance Law Practices

Published on 20 May 2021.

International law firm RPC has today launched Global Access Lawyers; a connected global offering providing insurer clients easy access to recognised insurance law specialists across the globe.

Perspective - Blog

RPC Insurtech in brief - May 2021

Published on 10 May 2021. By Neil Brown, Partner and Daniel Guilfoyle, Partner and Lauren Murphy, Senior Associate

Welcome to the May edition from RPC of Insurtech in brief, providing you with a handful of snappy monthly updates from the industry.

Perspective - Blog

RPC Insurtech in brief April 2021

Published on 07 Apr 2021. By Neil Brown, Partner and Daniel Guilfoyle, Partner and Lauren Murphy, Senior Associate

Welcome to the April edition from RPC of Insurtech in brief, providing you with a handful of snappy monthly updates from the industry.

Perspective - Blog

RPC Insurtech in brief – March 2021

Published on 05 Mar 2021. By Neil Brown, Partner and Lauren Murphy, Senior Associate

Welcome to the latest edition from RPC of Insurtech in brief, providing you with a handful of snappy monthly updates from the industry.

Press and Media

RPC advises Assured Partners on the acquisition of Borland Insurance

Published on 05 Feb 2021.

Law firm RPC has advised Assured Partners on the acquisition of leading Scottish broker Borland Insurance Limited. The transaction completed on 1 February 2021.

Perspective - Blog

RPC Insurtech in brief – January 2021

Published on 29 Jan 2021. By Neil Brown, Partner and Lauren Murphy, Senior Associate

Welcome to the latest edition from RPC Insurtech in brief providing you with a handful of snappy monthly updates from the industry.

Perspective - Blog

RPC Insurtech in brief – December 2020

Published on 15 Dec 2020. By Neil Brown, Partner and Lauren Murphy, Senior Associate

Welcome to the latest edition from RPC Insurtech in brief providing you with a handful of snappy monthly updates from the industry.

Perspective - Blog

New virtual insurer for Hong Kong

Published on 29 Apr 2020. By Andrew Carpenter, Partner

This month saw the award of a further virtual insurer licence in Hong Kong – this time for OneDegree (on 15 April 2020). The start-up will focus, initially, on the burgeoning Hong Kong pet insurance market, before a proposed expansion into health and cyber risk.

Perspective - Blog

Big data in insurance: The FCA offers its view

Published on 28 Sep 2016. By Mark Crichard, Partner

Last week the FCA published a feedback statement on the use of big data in the retail general insurance sector. Its findings are likely to come as welcome news to insurers who are keen to exploit the advantages that big data can offer.

Perspective - Blog

ICO fines online travel insurer £175,000 for failing to keep customers’ personal information secure

Published on 03 Mar 2015. By Oliver Bray, Senior Partner

The Information Commissioners Office (the “ICO”) has fined Staysure.co.uk Limited (“Staysure”), an online travel insurance company, £175,000 for its failure to comply with the seventh data protection principle, after IT security failings allowed hackers to access up to 100,000 customer financial records.

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