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Insurance UK
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November 07, 2025
EU Watchdog Highlights High Distribution Costs Of Funds
Almost half of what European retail investors pay to invest in mutual funds goes to distributors rather than fund managers, partly because of "opaque" practices, the bloc's financial watchdog has said in its first report assessing fund costs.
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November 06, 2025
UK Pensions Watchdog Wraps Decade-Long Case Against ITV
The Pensions Regulator said Thursday that it has finalized its deal with ITV that means the British broadcaster will now provide full pension benefits to members of the Box Clever retirement savings plan, concluding one of the watchdog's longest running cases.
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November 06, 2025
UK Pensions Body Warns Gov't Over Removing Tax Breaks
Millions of workers could lose out on hundreds of pounds a year if the government moves to end tax breaks on pension contributions, a trade body said Thursday in a stark warning to policymakers.
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November 06, 2025
Insurers Back UK Gov't's Financial Inclusion Plan
The Association of British Insurers said Thursday that it supports the government's recently launched plan to improve access to financial services and boost households' economic resilience.
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November 06, 2025
UK Pension Deals To Hit £550B By 2035, Study Finds
The U.K. pension risk-transfer market is heading for an unprecedented decade of growth, with total buy-in and buyout volumes projected to hit a high watermark of £550 billion ($720 billion) by 2035, a retirement consultancy said Thursday.
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November 06, 2025
Pulse, Nirvana Merge To Form Specialty MGA Platform
Managing general agent Pulse Insurance Ltd. said it has completed its planned merger with Nirvana after being given the green light from the Financial Conduct Authority.
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November 06, 2025
Pinsent Masons Steers Shipping Co. On £70M Pension Deals
Danish international shipping and logistics company DFDS AS has completed two bulk purchase annuity transactions worth a combined £70.4 million ($92.2 million) with Just Group PLC, the financial services company disclosed on Thursday.
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November 05, 2025
Gov't Says It Will Bring Tech Giants Into Financial Regulation
Big technology companies could be brought within the scope of U.K. financial regulation by next year, a minister said, after the government came under pressure from lawmakers over its response to last month's Amazon cloud outage.
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November 05, 2025
BoE Vows To Make Captive Insurance Regime Competitive
The Bank of England said Wednesday it would ensure that its new regime to allow corporations to set up captive insurance companies would be internationally competitive.
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November 05, 2025
Gunnercooke Guides £96M Ford-Sponsored Pension Deal
L&G said Wednesday it has finalized a £96 million ($125 million) pension plan buy-in for Ford Motor Co., to secure the retirement benefits of more than 1,000 U.K. members.
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November 05, 2025
Amlin Dodges $47M Award Over 'Pay First' Clause In Ship Row
The owner of a vessel that ran aground cannot overturn a judgment finding that MS Amlin Marine NV doesn't have to pay out to a company it insured because the insolvent business failed to pay a $47 million arbitration award, an appeals court ruled Wednesday.
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November 05, 2025
Insurer Sampo To Roll Out Share Buyback Worth Up To €150M
Finnish insurer Sampo PLC said on Wednesday it will begin a new €150 million ($172 million) share repurchase program with a view to lowering its share capital.
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November 05, 2025
Marine Insurer Sues To Block Claim Over Deadly Sea Collision
Two insurance businesses have sued an Italian provider of offshore support vessels to prevent the company from claiming any legal liabilities or costs as indemnity after a tugboat sank and left five of its crew dead.
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November 04, 2025
SMEs Fight Liberty Mutual On 'Discovery' Wording And COVID
A group of businesses on Tuesday argued that Liberty Mutual Insurance should pay out for disruption caused by COVID-19 and subsequent lockdowns, on the opening day of the latest trial in a series of cases to examine insurance firms' policies in the wake of the pandemic.
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November 04, 2025
UK Pension Dashboards 'On Course' As Final Deadline Looms
The U.K.'s flagship online pension dashboard project is still on track with now less than a year to go before the final deadline, the agency responsible confirmed.
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November 04, 2025
BDO Hit With $102M Claim For 'Negligent' Audits Of Insurer
The liquidators of an insurance company have hit BDO LLP with a negligence claim of more than $100 million, arguing that inadequate audits concealed the true financial picture of the defunct business.
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November 04, 2025
Gov't Urged To Bring 'Major Changes' To Pension Tax Plans
The government should give "much more thought" to its plans to apply inheritance tax to wealth transferred through pensions to ensure the proposals are implemented fairly and effectively, a retirement consultancy has said.
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November 04, 2025
Canada Life Completes £41M AG Barr Pension Buy-In
Insurance and financial services company Canada Life said Tuesday it has finalized a pension plan buy-in worth £41 million ($54 million) with Scottish drinks maker A.G. Barr, in a bulk purchase annuities transaction co-steered by Shepherd and Wedderburn.
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November 04, 2025
FCA Faces Balancing Act In Response To Super Complaint
The City watchdog could be forced to walk a thin line between protecting consumers on the one hand and upholding the government's economic growth agenda on the other — as it draws up a response to a landmark "super complaint" into the insurance sector.
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November 03, 2025
ABI Urges Gov't To Cut Tax On Health Insurance
The Association of British Insurers called on Monday for the government to cut tax on health insurance in the workplace, amid high levels of long-term sickness that are preventing people from working.
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November 03, 2025
JTC Completes £20M Buy Of Swiss Bank Unit
Fund administrations services provider JTC said Monday that it has completed the £20 million ($26.3 million) acquisition of a financial services company that caters to ultra and high-net-worth clients from Swiss private bank Union Bancaire Privée SA.
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November 03, 2025
Electric Vehicle Insurance Costs Challenge EU Insurers
Europe's rapid adoption of electric vehicles is reshaping the motor insurance landscape and piling fresh pressure on an already fragile profit outlook for insurers, a ratings agency warned Monday.
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November 03, 2025
Travers Smith-Led Pensions Biz Buys AJ Bell Unit For £25M
Online investment platform AJ Bell said Monday that it has completed the sale of its retirement savings arm, Platinum, to U.K. pensions administrator InvestAcc Group Ltd. in a deal worth up to £25 million ($33 million).
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November 03, 2025
Watchdogs Set Landmark Rules For UK-Swiss Finance
Financial regulators published rules on Monday under a landmark agreement that will allow Swiss and U.K. firms to trade across borders based on the recognition that the two countries' supervisory regimes have equivalent outcomes.
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October 31, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen two regional law firms clash at the intellectual property court over the name Amicus Solicitors, Bill's Restaurant face a breach of contract suit by its former executive chair, and a Capita subsidiary sue the Metropolitan Police over a multimillion-pound procurement dispute.
Expert Analysis
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Dissecting Recent Developments Against The Misuse Of NDAs
The U.K. government's recent plans to nullify nondisclosure agreements that prevent victims from reporting crimes should remind lawyers to proactively consider the necessity of such agreements, especially in light of the Solicitors Regulation Authority's warning notice on drafting improper NDAs, say Clare Davis and Macaela Joyes at RPC.
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What To Know About The Russia-Stranded Plane Ruling
The High Court's recent decision in Zephyrus Capital Aviation v. Fidelis Underwriting, rejecting reinsurers' U.K. jurisdiction challenges in claims over stranded planes in Russia, has broad implications for cross-border litigation involving exclusive jurisdiction clauses, says Samantha Zaozirny at Browne Jacobson.
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3 Notable Pensions Reforms In Spring Budget
The U.K. government’s spring budget introduced reforms to improve pension outcomes through the value for money framework and the lifetime provider model, as well as to encourage investments in Britain — three interlinked areas that could pressure trustees and providers to rethink how they approach investments, say Liz Ramsaran and Marcus Fink at DWF.
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UK Arbitration Ruling Offers Tips On Quelling Bias Concerns
An English court's recent decision in H1 v. W to remove an arbitrator because of impartiality concerns offers several lessons on mitigating bias, including striking a balance between arbitration experience and knowledge of a particular industry, and highlights the importance of careful arbitrator appointment, says Paul-Raphael Shehadeh at Duane Morris.
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Bias Ruling Offers Guidance On Disqualifying Arbitrators
An English court's recent decision in H1 v. W, removing an arbitrator due to bias concerns, reaffirms practical considerations when assessing an arbitrator's impartiality, and highlights how ill-chosen language by an arbitrator can clear the high bar for disqualification, say Andrew Connelly and Ian Meredith at K&L Gates.
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Insurance Policy Takeaways From UK Lockdown Loss Ruling
An English court's recent decision in Unipolsai v. Covea, determining that insurers' losses from COVID-19 lockdowns were covered by reinsurance, highlights key issues on insurance policy wordings, including how to define a "catastrophe" in the context of the pandemic, says Daniel Healy at Brown Rudnick.
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What COVID Payout Ruling Means For Lockdown Loss Claims
While the High Court's recent COVID-19 payout decision in Gatwick v. Liberty Mutual, holding that pandemic-related regulations trigger prevention of access clauses, will likely lead to insurers accepting more business interruption claims, there are still evidentiary challenges and issues regarding policy limits and furlough, say Josianne El Antoury and Greg Lascelles at Covington.
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Spartan Arbitration Tactics Against Well-Funded Opponents
Like the ancient Spartans who held off a numerically superior Persian army at the Battle of Thermopylae, trial attorneys and clients faced with arbitration against an opponent with a bigger war chest can take a strategic approach to create a pass to victory, say Kostas Katsiris and Benjamin Argyle at Venable.
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Top Court Hire Car Ruling Affects 3rd-Party Negligence Cases
The U.K. Supreme Court's recent decision in Armstead v. Royal & Sun Alliance, finding that an insurer was responsible for lost car rental income after an accident, has significant implications for arguing economic loss and determining burden of proof in third-party negligence cases that trigger contractual liabilities, say lawyers at Macfarlanes.
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Unpacking The Building Safety Act's Industry Overhaul
Recent updates to the Building Safety Act introduce a new principal designer role and longer limitation periods for defects claims, ushering in new compliance challenges for construction industry stakeholders to navigate, as well as a need to affirm that their insurance arrangements provide adequate protection, say Zoe Eastell and Zack Gould-Wilson at RPC.
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A Rare Look At Judicial Interpretation Of LEG Exclusions
A Florida federal court’s order last month in Archer Western-De Moya v. Ace American Insurance and an earlier decision from a D.C. federal court offer insight into how courts may interpret defects exclusion clauses developed by the London Engineering Group — filling a void in case law in the area, says Jonathan Bruce at Holman Fenwick.
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Ruling In FCA Case Offers Tips On Flexible Work Requests
In Wilson v. Financial Conduct Authority, the Employment Tribunal recently found that the regulator's rejection of a remote work request was justified, highlighting for employers factors that affect flexible work request outcomes, while emphasizing that individual inquiries should be considered on the specific facts, say Frances Rollin, Ella Tunnell and Kerry Garcia at Stevens & Bolton.
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Breaking Down The New UK Pension Funding Regs
Recently published U.K. pension regulations, proposing major changes to funding and investing in defined benefit pension schemes, raise implementation considerations for trustees, including the importance of the employer covenant, say Charles Magoffin and Elizabeth Bullock at Freshfields.
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Decoding UK Case Law On Anti-Suit Injunctions
The English High Court's forthcoming decision on an anti-suit injunction filed in Augusta Energy v. Top Oil last month will provide useful guidance on application grounds for practitioners, but, pending that ruling, other recent decisions offer key considerations when making or resisting claims when there is an exclusive jurisdiction clause in the contract, says Abigail Healey at Quillon Law.
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Cayman Islands Off AML Risk Lists, Signaling Robust Controls
As a world-leading jurisdiction for securitization special purpose entities, the removal of the Cayman Islands from increased anti-money laundering monitoring lists is a significant milestone that will benefit new and existing financial services customers conducting business in the territory, say lawyers at Walkers Global.