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Insurance UK
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November 18, 2025
State Pension Shortfall Highlights Retiree Savings Gap
A single pensioner maintaining a minimum standard of living in 2025 would "theoretically run out of money" on Nov. 22 if their only source of retirement was the state pension, analysis by Just Group shows.
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November 17, 2025
UK Lifeboat Fund To Boost Deposit Protection To £120K
The Bank of England said Tuesday that the Financial Services Compensation Scheme will increase the limit for reimbursement on deposits held by customers of failed banks to £120,000 ($158,000) from December.
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November 17, 2025
UK Life Insurers Show Resilience In 2025 Stress Tests
The Bank of England said Monday that it has found in a stress test that major life insurers can withstand large market shocks — but some are unprepared for risky outcomes from transferring responsibility for pension payouts through funded reinsurance.
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November 17, 2025
Insurance Body Sets Out Plan To Close Global Protection Gap
Governments, policymakers and regulators should take steps to close the gap between insured and uninsured losses from natural catastrophes across the world, as more than $180 billion in losses go uninsured every year, a public-private partnership has said.
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November 17, 2025
CMS, Freshfields Steer £600M Aviva, Wolseley Pension Deal
Wolseley Group, the U.K.'s largest specialist merchant for plumbing, heating, cooling and infrastructure products, has offloaded pension liabilities worth £600 million ($790 million) to insurance giant Aviva in a deal guided by Freshfields and CMS, the insurer said Monday.
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November 17, 2025
Fraudulent Insurance Claims Continue To Top £1B A Year
Fraudulent claims in the U.K. general insurance sector rose again in 2024, with those linked to motor cover driving much of the increase, the Association of British Insurers warned on Monday.
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November 17, 2025
SocGen To Launch An Additional €1B Share Buyback Program
Société Générale said Monday it will roll out a new €1 billion ($1.2 billion) share repurchase program, a move expected to lower its outstanding share capital.
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November 14, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Freeths face a professional negligence claim from a Scottish car dealership, Rolls-Royce sue logistics giant Kuehne + Nagel, and a team of Oberon Investments Group investment managers sued by their former employer.
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November 14, 2025
UK Compensation Program To Slash Annual Levy To £342M
The Financial Services Compensation Scheme said it is on track to slash £14 million ($18.4 million) from its levy on businesses in 2026 as it predicts that claims against pension providers will fall.
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November 14, 2025
BoE Weighs New Role For Capital Markets In Life Insurance
The Bank of England said Friday it is considering ways in which life insurance companies can package risk for private investors in a bid to further boost the rapidly growing industry.
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November 14, 2025
Denmark Has Until Dec. 12 To Appeal £1.4B Cum-Ex Defeat
Denmark has 28 days to try to revive its £1.4 billion ($1.8 billion) case over a tax fraud allegedly orchestrated by convicted hedge fund trader Sanjay Shah, a judge said Friday as he gave full reasons for refusing permission to appeal.
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November 14, 2025
AXA XL Settles With Lessor In $334M Stranded Planes Claim
An Irish aircraft lessor has reached a settlement with AXA XL in its $334 million claim against several major insurers over payouts for planes stranded in Russia following the invasion of Ukraine, the latest development in wide-ranging multibillion-dollar litigation.
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November 13, 2025
Geopolitical Uncertainty Pushes UK Pension Profit Warnings
More than half of the profit warnings issued between July and September by London-listed companies that have a defined benefit pension scheme cited policy change and geopolitical uncertainty as the cause, a professional services firm said Thursday.
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November 13, 2025
Broker Says Asset Manager Owes Unpaid Finder's Fees
Investment broker Musst Holdings Ltd. said Thursday that an asset manager owed it unpaid finder's fees for $85 million in investments Musst had facilitated.
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November 13, 2025
FCA Warns CFD Firms Over Unfair Consumer Practices
The Financial Conduct Authority on Thursday warned some providers of a type of financial bet called contracts for difference are failing to provide "fair value" for U.K. consumers.
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November 13, 2025
Insurance Lobby Pushes Back On Rumored Budget Changes
The government risks undermining the financial security of millions if it pushes ahead with rumored changes to pension tax relief in the budget, an insurance trade body warned Thursday.
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November 13, 2025
UK Gov't To Rethink WASPI Ruling On Eve Of Court Date
The government said it will reassess its controversial decision not to pay compensation to millions of women over state pension shortfalls, after new evidence emerged before an upcoming legal battle with campaigners.
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November 12, 2025
HMRC Hikes Business Fees For Supervising AML Compliance
The U.K. tax authority disclosed Wednesday that it will be increasing the fees it charges businesses to cover the cost of supervising them for compliance with anti-money laundering and terrorist financing regulations.
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November 12, 2025
FCA To Work With Singapore To Drive AI Innovation
The Financial Conduct Authority said Wednesday that it has struck up a partnership with its Singaporean counterpart to support safe innovation in artificial intelligence as it moves to strengthen its international footprint.
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November 12, 2025
UK Insurer Body Warns Against Rise In Premium Tax
Motorists could face new price hikes on their insurance if the government decides to raise a tax on premiums in the next budget, a trade body warned Wednesday.
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November 12, 2025
FRC Issues Standard To Improve UK Sustainability Reporting
The Financial Reporting Council released Wednesday the U.K. version of a global standard for verifying the sustainability information that companies publish alongside their accounts as it seeks to ensure that investors are better informed.
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November 12, 2025
FCA Urged To Act On Insurers' Low Claims Acceptance Rates
The Financial Conduct Authority should get a grip on the home insurance sector, a consumer body warned on Wednesday, after finding that more than a third of claims were rejected.
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November 12, 2025
Eversheds Guides Pub Chain On £62M Pension Deal
British pub giant Stonegate has completed two bulk purchase annuities with Utmost Life and Pensions worth a combined £62 million ($81 million), helping to protect the retirement benefits of 650 members.
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November 11, 2025
UK Cyber-Insurance Payouts Soar Amid Rising Digital Threats
Insurance companies paid £197 million ($260 million) to businesses that suffered from cyber-attacks in 2024, equating to a 230% year-on-year increase on the £59 million paid in 2023, the Association of British Insurers said.
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November 11, 2025
Companies Ignoring Financial Crime Risks, FCA Says
Companies ranging from wealth managers to payment services providers are ignoring financial crime risks such as money laundering and anti-bribery, the Financial Conduct Authority said Tuesday in a review of business practices.
Expert Analysis
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The Outlook For Autonomous Vehicles In The UK And US
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.
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Brexit's Impact On London As A Top Int'l Arbitration Seat
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.
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Post-Brexit UK Likely To Conform With EU On Human Rights
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.
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The Evolution Of GDPR Enforcement Across The EU
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.
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Series
Why I Became A Lawyer: Being There For Families In Trouble
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.
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3 Ways To Leverage Vulnerability For Lawyer Well-Being
Admitting to imperfection is an elusive construct in the legal industry, but addressing this roadblock by capitalizing on vulnerabilities can increase personal and professional power, says life coach and attorney Julie Krolczyk.
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Zurich Case Brings Clarity To Complex Contempt Proceedings
The U.K. Court of Appeal's recent decision in Zurich v. Romaine provides insight into the meaning of "in the public interest" in the context of bringing contempt proceedings against a party or witness who verifies false claims, says Matt Peacock of Signature Litigation.
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What A No-Deal Brexit Would Mean For Dispute Resolution
In the event of a no-deal Brexit, arbitration may become a more attractive option as a dispute resolution mechanism, as it offers relatively easy enforcement and clauses that could negate some uncertainty caused by Brexit, says Donna Goldsworthy of BDB Pitmans.
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The Problem — And Opportunity — Of Implicit Bias In The Bar
Law firms are beginning to recognize implicit bias as a problem. But too few recognize that it is also an opportunity to broaden our thinking and become better legal problem solvers, says Daniel Karon of Karon LLC.
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Roundup
Pursuing Wellness
In this Expert Analysis series, leaders at some of the law firms that committed to the American Bar Association's 2018 pledge to improve mental health and well-being in the legal industry explain how they put certain elements of the initiative into action.
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Series
Why I Became A Lawyer: Expanding The Meaning Of Diversity
My conservative, Catholic parents never skipped a beat when accepting that I was gay, and encouraged me to follow my dreams wherever they might lead. But I did not expect they would lead to the law, until I met an inspiring college professor, says James Holmes of Clyde & Co.
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2 Perspectives On Navigating The Litigation Funding Process
Paul Martenstyn of Vannin Capital and Daniel Spendlove of Signature Litigation share their top tips on how to get a case funded, drawing from their respective experience as a funder and a lawyer.
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Answers To Key Legal Finance Ethics Questions
While there is discussion in some quarters about new regulations on commercial legal finance, the hands-off approach taken by the majority of courts and legislatures is an implicit recognition that it is already sufficiently regulated, says Danielle Cutrona of Burford Capital.
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Competing Legal Factors Vex Insurance Arbitration Disputes
The Fifth Circuit ruled in May that international arbitration policy trumped state insurance law in McDonnel Group v. Great Lakes Insurance. But the courts have been inconsistent in applying conformity-to-statute clauses, the McCarran-Ferguson Act and a related U.S. treaty in the battle between federal preemption and state reverse preemption, says Gilbert Samberg at Mintz.
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Cannabis Investors Should Beware Money Laundering Risk
Even if marijuana-related businesses are in compliance with local laws, their investors are not free of legal risk so long as cannabis remains a controlled drug in other countries, such as the U.K., say Robert Dalling and Wade Thomson of Jenner & Block.