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Insurance UK
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August 29, 2025
Finance Sector 'Risks Losing Talent' Over Class Ceiling
Just two in five young people from lower socioeconomic backgrounds believe the financial services industry is "open to them," according to research by an insurance company.
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August 28, 2025
FCA Cuts Data-Reporting Burden For 36,000 Companies
The Financial Conduct Authority said Thursday it has removed some data reporting requirements under the senior managers' regime for 36,000 businesses, representing 95% of those it authorizes.
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August 28, 2025
Osborne Clarke Steers Advisory Giant's £60M Pension Deal
The U.K. pension plans of accountancy and business advisory firm BDO LLP have agreed a £60 million ($81.1 million) full-scheme buy-in with financial services company Just Group, Broadstone said Thursday.
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August 28, 2025
Pension Sector Told Not To Ignore Growing Bitcoin Cos.
Pension scheme trustees should "not ignore" the growing influence of businesses raising money to buy bitcoin as part of their financial strategies, a retirement saving specialist has said.
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August 28, 2025
Pension Trustees Warned To Better Vet Cyber Resilience
Pension funds trustees must demand the right evidence on cyber resilience after incidents at Marks & Spencer, Harrods and the Co-op showed how damaging security breaches can be, according to best practice guidance released by a pensions administrator.
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August 28, 2025
MPs Urged To Back Amendment On Pensions Inflation Rules
British lawmakers have been urged to back an amendment to draft pensions legislation that will allow retirement benefits for older pensioners to rise with inflation.
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August 28, 2025
Broker Denies Negligence Claim Over PI Policy Notice
An insurance broker has said it is not liable for allegedly failing to tell a building service engineer's insurer about a row the engineer is involved in over the installation of a generator system, arguing that it had given the notification.
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August 28, 2025
Pensions Body Urges Rethink On Pension Investment Powers
The largest trade body for the U.K. retirement sector has hit out at plans by the government that will effectively allow it to direct investment of pension funds.
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August 28, 2025
FCA Names Pensions Exec As New Chair For Small Biz Panel
The Financial Conduct Authority said Thursday that it has appointed pensions executive Will Self as chair of its advisory panel for small business matters as the regulator help the sector explore new technology.
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August 27, 2025
Swiss Bank Seeks Docs From AIG For Dutch Arbitration Fight
A Swiss private bank is seeking discovery from AIG Inc. for use in a Dutch court case in which the bank wants vacated an arbitral award denying its claim for $90 million in coverage from the insurer's European subsidiary, the bank told a New York federal court.
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August 27, 2025
Prudential Plans $1.1B Share Buyback Over 2 Years
British insurance and asset management giant Prudential PLC said Wednesday that it plans to return $1.1 billion to its shareholders by buying back its shares in 2026 and 2027, as it released "strong" financial results for the first half of 2025.
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August 27, 2025
FCA Clarifies Its Rules For Workplace Savings Accounts
The Financial Conduct Authority warned Wednesday that employers who encourage employees to open workplace savings accounts must comply with its regime on financial advertising, according to a statement clarifying the rules.
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August 27, 2025
UK Gov't Warned Against Insurance Tax Hikes In Fall Budget
The government could inadvertently pile additional pressure on public healthcare if it decided to raise the insurance premium tax rate in the coming budget, a consultancy warned Wednesday.
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August 27, 2025
Call For More Clarity In Pensions To Aid Neurodiverse Adults
Improving the clarity of communication and language used for savers in the pensions sector would improve accessibility for neurodiverse adults, a U.K. trade body has said.
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August 27, 2025
FCA Urged To Intervene On 'Novel Length' Insurance Docs
Insurers are still sending policy documents to customers that are equivalent in length to short novels by Kafka and Steinbeck, a consumer body has warned, despite new regulation geared toward making financial services products more intelligible.
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August 27, 2025
HSF Kramer Guides Fragrance Co.'s £134M Pension Deal
The U.K. subsidiary of flavor and fragrance giant Givaudan International SA has agreed a full-scheme pension buy-in with Aviva PLC that is worth £134 million ($180 million), the insurer said Wednesday.
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August 26, 2025
Lloyd's Insurer Beats Manager's Whistleblower Appeal
A Lloyd's syndicate has beaten an underwriter's attempt to resurrect his whistleblowing claim over alleged fraud after a London appellate tribunal didn't see any legal errors in a lower tribunal's analysis of his case.
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August 26, 2025
Boost Fraud Controls Before Law Change, RSA Urges Insurers
RSA told the insurance sector on Tuesday that it should review and strengthen its antifraud controls ahead of forthcoming legislative changes designed to improve safeguards in Britain.
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August 26, 2025
Exchanges Body Warns EU Of Risk Of US Share Digitalization
A London-based global exchange group said Tuesday that it has warned the European Union's financial markets watchdog of growing risks to investors posed by U.S. shares that have been digitalized by unregulated brokers and crypto-asset trading platforms.
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August 26, 2025
UK Regulator Saves Pension Scheme From Insolvency
The U.K.'s retirement savings watchdog said Tuesday it was able to secure £7 million ($9.4 million) in backing for a beleaguered staff pension scheme, after the plan's original sponsor went bust.
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August 26, 2025
Pension Funds Join £3B Funding For Infrastructure Project
A coalition of U.K. pension funds has backed a £3 billion ($4 billion) funding package for a major utilities project in northwest England following a government-led initiative to get the sector to invest more in the economy.
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August 26, 2025
UK Savers Mull Crypto-Investment For Retirement, Aviva Says
More than a quarter of British savers would consider investing in cryptocurrency as part of their retirement planning, insurance giant Aviva said Tuesday.
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August 26, 2025
Squire Patton Guides Textiles Co. On £11M Pension Deal
The pension plan of bedding manufacturer John Cotton Group Ltd. has agreed an £11 million ($15 million) full-scheme buy-in with Just Group, the financial services company said on Tuesday.
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August 22, 2025
HMRC Tightens Pension Tax Relief Claims By Higher Earners
The U.K. is restricting pension tax relief claims for higher earners in a change coming into effect next month, Britain's tax authority said.
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August 22, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen football manager Bruno Lage sue the owner of Olympique Lyonnais and Botafogo football clubs, luxury fashion brand Christian Dior Couture target a jewelry business trading under the same name, and a Russian motorsports promoter take action against Formula One after it canceled its Russian Grand Prix in 2022.
Expert Analysis
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Reinsurance Implications Of COVID-19 Biz Interruption Laws
In light of legislative and public pressure in the U.S. and U.K. on insurers to cover business interruption losses related to COVID-19, reinsurers will face new questions regarding their obligation to cover claim payments, say Robin Dusek at Saul Ewing and Susie Wakefield at Shoosmiths.
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UK Appellate Rulings Clarify Arbitral Choice Of Law
Two recent U.K. Court of Appeal decisions have changed the operation of the choice-of-law test for arbitration — a resolution as significant as changing the test itself because it affects the implied choices of the contracting parties, say attorneys at Squire Patton.
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Post-Pandemic Litigation To Expect In England And Wales
Globally, we are already starting to see insolvency-related claims and a number of insurance, breach of contract, employment and securities class actions across numerous sectors. These and other claims will likely increase for U.K. businesses, say Tracey Dovaston and Fiona Huntriss at Boies Schiller.
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UK Lawyers Can Adapt Due Diligence To Screen New Clients
As COVID-19-related fraud gains pace, U.K.-based practitioners should help combat money laundering by using alternative methods to verify that new clients are who they say they are, says Christopher Convey, a barrister at 33 Chancery Lane and chair of the Bar Council's Money Laundering Working Group.
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A UK Business View Of COVID-19's Economic Fallout
Covington attorneys Alex Leitch and Harry Denlegh-Maxwell provide a bird's-eye view of how U.K. businesses will navigate the legal and economic aftermath of the pandemic, including discussion of where litigation funding, class actions, insurance disputes and force majeure fit it.
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Remote Depositions Bring Ethics Considerations For Lawyers
Utilizing virtual litigation technologies and participating in remote depositions require attorneys to beware of inadvertently violating their ethical obligations, including the principal duty to provide competent representation, say attorneys at Troutman Sanders.
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Time For Presumptive Virtual Mediation In The UK
While the COVID-19 outbreak is a real-time test of the U.K. justice system’s adaptability and innovation, it is also an opportunity to deliver alternative dispute resolution through virtual technology — and there are two ways in which this could be achieved, says Suzanne Rab at Serle Court.
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UK 'Property' Classification Boosts Confidence In Bitcoin
In AA v. Persons Unknown, the English High Court classified bitcoins as property that can be the subject of proprietary injunctions, indicating the slow but growing acceptance of virtual currencies within the U.K., say Steven De Lara and Colin Grech at Signature Litigation.
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3 EU And UK Data Protection Tips During COVID-19
Though EU and U.K. data protection laws should not impede the fight against COVID-19, companies must continue to protect individuals' data, and the challenges of managing a remote workforce and the desire for information about the virus’s impact have significant implications for that responsibility, say attorneys at Debevoise.
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Novolex Case Brings Lessons On R&W Insurance
A New York state court dispute between Novolex and a few of its insurers concerning coverage under a representations and warranties policy for a $267 million loss offers a rare glimpse into how a court might interpret acquisition agreements and insurance policy provisions, say attorneys at Hunton.
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How Proposed EU Class Action Directive Could Affect Insurers
Insurers should beware the explosive potential of the EU's proposed directive providing for cross-border class actions and third-party funding for such actions, although it also bears strict requirements that will limit the number of cases, say Emmanuèle Lutfalla and Simon Fitzpatrick at Signature Litigation.
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COVID-19 Insurance Considerations For UK Cos.
Though a new U.K. regulation recently made it easier for businesses to claim losses related to COVID-19, potential points of contention when seeking insurance coverage include whether the government ordered the business to close and whether an outbreak occurred at the premises, say attorneys at Covington.
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UK Group Data Breach Claims Pose Big Financial Risks
Recent English court decisions appear to make it easier for data breach victims to bring collective actions, and consequently companies may find they are liable for huge sums in addition to fines under the General Data Protection Regulation, say attorneys at Morrison & Foerster.
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A Crucial Chance For UK Supreme Court To Clarify Arbitrator Bias
In Halliburton v. Chubb, the U.K. Supreme Court has an opportunity to tackle uncomfortable questions and support confidence in London's arbitration sector by policing effectively against bias and impartiality when arbitrators are involved in multiple tribunals, says Rosie Wild at Cooke Young.
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Rebuttal
Legal Industry Should Pursue AI Prediction Progress
As part of the debate prompted by my recent Law360 guest article on legal prediction using artificial intelligence, I would like to unpack four issues and suggest that attorneys and technologists continue to tackle the problems presently within reach, says Joseph Avery at Claudius Legal Intelligence.