Insurance UK

  • March 04, 2026

    FCA Asks Businesses To Help Fend Off Financial Criminals

    The Financial Conduct Authority on Wednesday called for more businesses to engage with customers online to help drive away financial criminals preying on the investment marketplace.

  • March 04, 2026

    Regulator Expects Up To £400B In Pension Deals Over Decade

    Britain's retirement savings watchdog said Wednesday up to £400 billion ($535.3 billion) of pension assets could transfer to the insurance sector over the next 10 years in a landscape that has undergone a "paradigm shift" over a very short period of time.

  • March 04, 2026

    UK Pensions Regulation Needs Major Overhaul, Report Warns

    Britain's pensions governance and regulatory architecture will become "unfit for purpose" within a decade unless urgent reforms are made, a cross-party think tank warned on Wednesday, highlighting growing risks in the market for workplace defined contribution plans.

  • March 04, 2026

    AIB Group Kicks Off €1B Share Repurchase

    AIB Group PLC on Wednesday launched a €1 billion ($1.16 billion) share buyback program, underscoring its "strong financial performance" and its commitment to returning cash to stakeholders.

  • March 04, 2026

    FCA Plans 3-Month Prep For Motor Finance Redress

    The Financial Conduct Authority said Wednesday that it would streamline the claims process and set a three-month period for businesses to get their systems ready to handle complaints and requests for compensation under its motor finance redress program.

  • March 04, 2026

    Pensions Dashboard Project Launches Second Testing Phase

    The government organization behind Britain's long-awaited pensions dashboards project has called for more volunteers to take part in the next round of consumer testing for its online retirement savings portal.

  • March 03, 2026

    Royal Mail Posts 6% Increase For Collective Pension Members

    Members of the Royal Mail's collective defined contribution plan will see an above-inflation pension increase of 6.4%, representing what experts say is a "great result" for pensioners in the U.K.'s first and only authorized CDC scheme.

  • March 03, 2026

    Value For Money Framework Must Prioritize Savers, TPT Says

    Regulators must refine planned new rules to strengthen oversight of the U.K.'s defined contribution pension programs as some proposals could dilute accountability and undermine member outcomes, TPT Retirement Solutions said Tuesday.

  • March 03, 2026

    Allianz, TotalEnergies Partner On €500M Battery Storage Deal

    AllianzGI said Tuesday that it has worked with TotalEnergies SE to develop €500 million ($580 million) worth of battery storage projects in Germany, entering the green energy storage market for the first time.

  • March 03, 2026

    Legal, Audit Bodies Need Tighter AML Controls, FCA Warns

    Legal and accountancy professional bodies are failing to adequately enforce anti-money laundering rules for their member firms, a unit within the Financial Conduct Authority warned Tuesday.

  • March 03, 2026

    Broadstone To Buy Financial Services Consultancy Rockstead

    Retirement savings consultancy Broadstone said Tuesday that it has agreed to acquire another consultancy that advises on financial services in a move to expand its banking and credit advisory services.

  • March 02, 2026

    HMRC Bags Extra £16B From Big Businesses, Audit Says

    HM Revenue & Customs collected almost £16 billion ($21.3 billion) in extra tax revenue from the biggest businesses in fiscal year 2024-25 after it took a stricter approach to compliance, the National Audit Office found.

  • March 02, 2026

    Insurance Broker Rejects 'Hopeless' Unpaid Loan Claim

    An insurance broker and its sole director have denied owing a real estate investment company over a nearly £227,000 ($303,500) loan facility because no actual money was drawn down under the agreement.

  • March 02, 2026

    TPR Tells Providers To Adapt To Modern Work Patterns

    The Pensions Regulator told pension providers Monday that any future default plans must take into account different patterns among modern savers to design smarter default strategies that could help workers achieve a sustainable income in retirement.

  • March 02, 2026

    UK Insurer Beazley Backs £8.2B Zurich Takeover

    British insurer Beazley said Monday that it has accepted an £8.2 billion ($11 billion) cash takeover offer from Zurich, after months of courting, in order to create a global specialty insurer.

  • March 02, 2026

    Irish Insurers To Explain Price Increases Under Gov't Plan

    The Irish government set out plans on Monday that will require insurers to explain to consumers why they have raised their motor insurance premiums as part of the country's broader bid to tackle issues linked to rising prices.

  • March 02, 2026

    Clifford Chance, Gowling Steer £80M Safeway Pension Deal

    Pension insurer Canada Life said on Monday that it has taken on £80 million ($107.2 million) in retirement scheme liabilities from a plan sponsored by a subsidiary of Wm Morrison Supermarkets PLC, in a deal steered by Clifford Chance and Gowling WLG.

  • February 27, 2026

    FCA Warns Of Bad Practices In Sustainability Labeling

    The Financial Conduct Authority warned Friday that U.K. asset managers have sometimes been unclear how they comply with rules on sustainability labels for funds or whether required disclosures accurately reflect the underlying investments.

  • February 27, 2026

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen Linklaters sue a shipping company, high-street clothing giant Urban Outfitters hit with an intellectual property claim, Ithaca Energy sue rival Chrysaor, and cabaret club magnate Alex Proud face legal action with his nightclubs in financial turmoil.

  • February 27, 2026

    BoE To Stress-Test Life Insurers' Financial Resilience

    The Bank of England said Friday it plans to stress-test the financial resilience of life insurance companies again in January 2028, after its probe of 11 of Britain's major insurers last year revealed the cohort could withstand large market shocks.

  • February 27, 2026

    Texas Investment Co. Loses Strike-Out Bid In £3.7M Bond Row

    A Texas-based investment company has lost its bid to strike out a decision that a Bulgarian insurer was right to withhold payment of a £3.7 million ($5 million) bond linked to a British residential building project.

  • February 27, 2026

    5 Questions For Kennedys' Ash Daniells On FOS Reforms

    The government is reforming the Financial Ombudsman Service, which settles claims between consumers and regulated financial businesses. The reforms come after years of complaints that the ombudsman is not working efficiently, but the proposals have attracted wide criticism.

  • February 27, 2026

    Top Barclays Exec Named As Head Of UK Banking Watchdog

    The Bank of England said Friday that senior Barclays executive and former Treasury official Katharine Braddick has been appointed as the next head of the U.K.'s main banking watchdog. 

  • February 27, 2026

    2 Firms Guide Equinix, CPP Investments On $4B AtNorth Buy

    Canada Pension Plan Investment Board and U.S. digital infrastructure company Equinix said Friday that they will buy atNorth for $4 billion from Swiss private equity shop Partners Group in order to grow the Nordic data center operator's capabilities in areas such as artificial intelligence and cloud infrastructure.

  • February 26, 2026

    Russian Insurance Giant Loses Bid To Overturn EU Sanctions

    A European Union court has rejected AlfaStrakhovanie AO's bid to be removed from the bloc's sanction list, ruling that the insurer provided "material" support to the Russian government in its war efforts in Ukraine.

Expert Analysis

  • Factors Driving Increased Litigation Against European Cos.

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    European government regulation and enforcement, economic inflation and litigation funding are driving an increase in litigation, especially class actions, against corporations in Europe, a trend that seems to be here to stay, says Henning Schaloske at Clyde & Co.

  • Pension Trustee Case Could Lead To Fossil Fuels Divestment

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    While the recent Court of Appeal case McGaughey v. Universities Superannuation Scheme attempts to link fossil fuel investment by trustees to significant risk of financial detriment, it is concerning that two out of 470,000 scheme members could be permitted to bring a claim without ensuring that other members are represented, says Anna Metadjer at Kingsley Napley.

  • What TPR's Guidance On DEI Means For Pensions Industry

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    The Pension Regulator is one of the first regulators to issue guidance on equality, diversity and inclusion, and employers and trustees should incorporate its advice by developing policies and monitoring progress to ensure that improvements are made regularly, say lawyers at Linklaters.

  • Ensuring Construction Project Insurance Cover Is Adequate

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    There are a number of ways for practitioners to secure appropriate insurance for a construction project, and it is as important to consider who is covered under the policy as it is the specific terms and obligations, say lawyers at Gowling.

  • Rebuttal

    2nd Circ. Reinsurance Ruling Correctly Applied English Law

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    Contrary to a recent Law360 guest article's argument, the Second Circuit correctly applied English law when it decided in Insurance Company of the State of Pennsylvania v. Equitas that concurrent reinsurance certificates required the reinsurer to cover loss in accordance with the law of the policy's governing jurisdiction, say Peter Chaffetz and Andrew Poplinger at Chaffetz Lindsey.

  • Reserved Investor Fund Would Plug Gap In UK Finance Market

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    The reserved investor fund recently proposed by HM Treasury has the potential to be a welcome tax-efficient addition to the U.K.’s canon of products for real estate investments, with attractive features for companies and, in particular, large asset managers, say lawyers at Herbert Smith.

  • What Firms Need To Know About The FCA Consumer Duty

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    The Financial Conduct Authority's new consumer duty, in force from July 31, presents an opportunity for manufacturers and distributors of financial services to understand the importance of fair value for consumers, and the regulator will be taking a close interest in this, say Julie Patient, Mark Aengenheister and Virginia Montgomery at Hogan Lovells.

  • Greenwashing Suits May Implicate D&O Policies

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    As consumers, regulators, and state and local governments seek to use litigation to hold companies responsible for alleged greenwashing, businesses facing such claims have a number of approaches available for seeking insurance coverage under directors and officers policies, say attorneys at Haynes Boone.

  • 2nd Circ. Reinsurance Ruling Misconstrues English Law

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    The Second Circuit's finding in Insurance Company of the State of Pennsylvania v. Equitas Insurance, that London-based reinsurer Equitas owed coverage for losses outside the policy period, stems from that court's misinterpretation of English law on reinsurance policy construction, says Christopher Foster at Holman Fenwick.

  • 4 Emerging Risks For US Insurance Markets

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    Both insureds and insurers in the U.S. must be aware of significant inbound exposures — including the issues arising from opioids, climate change and artificial intelligence — that could lead to continued volatility in insurance markets, say Aidan McCormack and Wes Reichart at DLA Piper.

  • How The New UK Digital Markets Bill Will Affect CMA's Powers

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    The highly anticipated U.K. Digital Markets, Competition and Consumers Bill sets out far-reaching changes in terms of merger control and conduct requirements, but some are skeptical of the Competition and Markets Authority’s enhanced powers and potential for divergence in treatment between firms, say Ben Chivers, Stephen Whitfield ​​​​​​​and Nigel Seay at Travers Smith.

  • Key Takeaways From EU Proposal For Greenwashing Rules

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    If the proposal for a Green Claims Directive, with its enhanced rules on claims about a product or trader's environmental impact, is adopted, it will affect all businesses selling their products in the EU and bring major changes to the way those products are packaged and advertised, say attorneys at Shearman.

  • UK Plan For AI Rules Raises Compliance Questions For Cos.

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    The U.K. government's proposal for a new, clear and pro-innovation regulatory framework on artificial intelligence diverges from the European Union's approach, which may create incoherence and compliance burdens for businesses operating in both jurisdictions, says attorneys at Akin Gump.

  • The FCA's Timely Plan To Reform Asset Management Regime

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    The discussion paper recently issued by the U.K. Financial Conduct Authority finally addresses how, in the future, asset management regulation will work in totality from an investor, manager and distributor perspective, and its review of the purpose and balance of the regime is welcomed, says Tim Dolan at Greenberg Traurig.

  • Questions Raised By UK Plan For ESG Ratings Providers

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    HM Treasury is taking steps toward regulating environmental, social and corporate governance ratings providers, aiming to ensure adequate protection for U.K. users and level the playing field, but the potential new regime risks imposing undue regulatory burden and overlapping requirements on U.K. and overseas firms, say Ferdisha Snagg and Andreas Wildner at Cleary.

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