Insurance UK

  • September 08, 2025

    FCA Unit Tells Legal, Accountancy Bodies To Improve SARs

    The anti-money laundering unit of the Financial Conduct Authority told legal and accountancy supervisory bodies on Monday that suspicious activity reports they submit could be improved by setting out an action plan.

  • September 08, 2025

    Insurers Say EU Solvency Reforms Will Not Boost Competition

    The European Commission's draft technical amendments to the prudential regime for insurance and reinsurance companies across the bloc will not make the region more competitive, a trade body has said.

  • September 08, 2025

    UK Pension Surplus Grows To £223B As New Regs Loom

    Pension plans now have £223 billion ($302 billion) in funding above what they need to pay benefits to members, a consultancy said Monday, as lawmakers weigh reforms that will allow businesses to tap into surpluses.

  • September 08, 2025

    Gov't Consults On Merging Payments Watchdog With FCA

    The government released detailed plans on Monday for folding the Payment Systems Regulator into the Financial Conduct Authority, a move that would simplify the rules for payment systems and companies.

  • September 08, 2025

    AI Crucial To Navigate Shift In Insurance Risks, Swiss Re Says

    Artificial intelligence will be a "game changer" for the reinsurance industry as it navigates an increasingly turbulent geopolitical landscape, Swiss Re said in a report Monday.

  • September 08, 2025

    Ship Insurers Urged To Press On Sexual Assault Safeguards

    Marine insurers must play a role in eradicating sexual harassment of female seafarers, a trade body said Monday, warning that a quarter of women employed in the sector have experienced assault.

  • September 05, 2025

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

    This past week in London has seen professional boxing promoter Boxxer take action against the former head of boxing at Matchroom Sport, Aegis Motor Insurance and Chubb European Group clash over a reinsurance claim, and a transgender pool player sue the English Blackball Pool Federation over its decision to ban her competing in women's teams and tournaments. 

  • September 05, 2025

    Consultant Solicitor To Face Tribunal Over Misconduct Claims

    A consultant lawyer has been referred to a disciplinary tribunal after he allegedly attempted to mislead third parties about a client's immigration status, the Solicitors Regulation Authority has said.

  • September 05, 2025

    Ex-Insurance CEO To Pay £5M For Pocketing Business Loan

    A London court on Friday found the former chief executive of a defunct Liechtenstein insurer liable to pay back £4.96 million ($6.7 million) after pocketing a loan from the company for no legitimate business purpose.

  • September 05, 2025

    Retirement Confidence Rises, But Isn't Shared Equally

    More workers in the U.K. are confident of retiring comfortably than before, with men and young employees showing strong optimism compared with women and other age groups, according to research by pensions provider Aegon.

  • September 05, 2025

    AXA Settles Shipping Repair Co.'s £950K Fire Damage Claim

    A ship repair and maintenance company has settled its £950,000 ($1.3 million) claim against insurer AXA's U.K. business, according to a newly public order by a London judge.

  • September 05, 2025

    EU Watchdog Urged To Clarify Derivatives Clearing Rules

    Representatives of the fund management and derivatives industries have urged European regulators and lawmakers to clarify technical planned rules for companies that clear derivatives under a regime known as European Market Infrastructure Regulation 3.

  • September 05, 2025

    SPB Steering Multiemployer Collective Pension Plan Launch

    Squire Patton Boggs has said it is advising TPT Retirement Solutions as the company plans to launch what is expected to be the U.K.'s first multiemployer collective defined contribution scheme.

  • September 05, 2025

    Brits Prioritize Fitness Over Pension Savings, ABI Says

    Every fifth Briton prioritizes physical health now over their future financial health, according to research by Pension Attention, a national awareness campaign for pensions.

  • September 05, 2025

    FCA's New Redress Powers Spark Some Legal Concerns

    Government plans to reform the Financial Ombudsman Service will give the Financial Conduct Authority new powers to introduce wide-ranging consumer redress programs at its discretion, leading lawyers to warn that the regulator could become too susceptible to public pressure.

  • September 04, 2025

    Ex-FCA Supervisor Says Tribunal Denied Him Fair Trial

    A former supervisor at the City watchdog argued at an appellate tribunal in London on Thursday that his unfair dismissal claim against the regulator did not receive a fair hearing, saying that a lower court had made factual errors in its judgment in the case.

  • September 04, 2025

    Top EU Court Says Pseudonymized Data Is Still Personal

    The highest court of the European Union ruled Thursday that comments submitted by shareholders and creditors of a collapsed Spanish bank during an investigation following the sale of the lender could be treated as personal data even though they had been pseudonymized.

  • September 04, 2025

    Lloyd's Delays Overhaul Of Market's IT Until 2028

    Lloyd's of London said Thursday that the next phase of its long-awaited modernization plan will now not take place until 2028.

  • September 04, 2025

    UK's AI Sector Hits Record £2.9B Investment In 2024

    Investors plugged a record £2.9 billion ($3.9 billion) into British artificial intelligence companies in 2024, the government has said, as it set out plans to help grow the U.K.'s AI assurance market.

  • September 04, 2025

    UK Set To Close Loopholes In Money Laundering Rules

    HM Treasury has released detailed draft changes to the anti-money laundering regime to close regulatory loopholes exploited by businesses in all sectors, including crypto-asset companies.

  • September 04, 2025

    Chinese Insurers Leading Race To Cover Renewable Energy

    The global renewable insurance market grew from $5.65 billion in 2020 to $8 billion in 2024, with insurers from China underwriting most premiums in recent years, analysis from a campaign group shows.

  • September 03, 2025

    Insurers Win Arbitration Of Nursing Home Coverage Fight

    A Louisiana federal judge has ordered the holder of a mortgage on a New Orleans nursing home to arbitrate hurricane damage claims against a group of insurers, saying the company was bound to an underlying arbitration clause in the insurance policy despite not signing it.

  • September 03, 2025

    4 Firms Steer $2.7B Sale Of Aon's NFP Wealth Biz

    Aon said Wednesday it has agreed to sell various business units that make up the majority of NFP's wealth management operations to private equity firm Madison Dearborn Partners in a transaction worth $2.7 billion, with Skadden, Dentons, Paul Weiss and Kirkland representing the parties.

  • September 03, 2025

    UK Autumn Budget Set For November, Reeves Confirms

    The U.K. government will announce its autumn budget in November, Chancellor of the Exchequer Rachel Reeves said Wednesday amid growing speculation that the government will raise taxes to cover the rising cost of borrowing.

  • September 03, 2025

    Investors Lose Bid For Pension Orders In AI Bike Fraud Case

    Investors seeking to enforce a fraud judgment against the founders of an AI-driven exercise bike company suffered a setback Wednesday, when a London judge declined to finalize interim debt orders against the founders' pensions.

Expert Analysis

  • An ICO Reminder On Managing Subject Access Requests

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    Although the U.K. Information Commissioner's Office’s recent seven reprimands regarding mismanagement of data subject access requests are unusual, it is worth organizations considering what resources and training may be available to ensure these are properly managed in the future, says Ross McKenzie at Addleshaw Goddard.

  • Opinion

    Increasing Law Firm Polarization Will Degrade Rule Of Law

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    As evidenced in recent instances of law firms separating from attorneys who represented certain industries or espoused certain views, firms and the legal practice itself have grown troublingly polarized and intolerant of dissent, says Rebecca Roiphe at New York Law School.

  • The FTX Fallout So Far And What May Come Next

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    While the downfall of FTX is likely to cause substantial losses and lead to extensive litigation, it will hopefully precipitate a renewed focus on regulating the crypto market in a responsible way that gives more protection to consumers, says Dan Wyatt at RPC.

  • Hard Insurance Market Will Influence Legal Industry, Economy

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    As the cost of claims starts to outstrip the value of premiums, insurers are denying more claims and considering scaling back coverage, leading to an influx of legal work and potential holes in the market, says Bruce Hepburn at Mactavish.

  • Digital Nomads: Key Considerations For Global Businesses

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    As employers and employees embrace remote, location-independent work arrangements enabled by technology, they must be mindful of the employment law and tax consequences such arrangements may trigger, say Hannah Wilkins and Audrey Elliott at Eversheds Sutherland.

  • New License Eases Sanctioned Clients' Legal Fee Payments

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    The general license recently issued by the U.K. Office of Financial Sanctions Implementation permitting the payment of legal fees owed by a sanctioned company or individual will potentially reduce the agency's backlog and is welcome news for both lawyers and OFSI staff, say Zulfi Meerza and Syed Rahman at Rahman Ravelli.

  • Preparation Is Key To Businesses Minimizing Cyber Breaches

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    A recently published report by the U.K. Department for Digital, Culture, Media and Sport on organizational experiences of cybersecurity breaches highlights the importance of having breach response policies in place and being able to demonstrate that reasonable preventive and risk management steps were taken, says Lawson Caisley at White & Case.

  • UK Policyholders Can Expect Better COVID Claims Handling

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    The U.K. Financial Conduct Authority recently outlined some best practices for COVID-19 business interruption claims handling, which, along with recent High Court of Justice decisions, will likely lead to faster claims handling and clearer insurer communication, say Gurpreet Sanghera and Charlie Edwards at Simkins.

  • A Recovery Option For Lenders With Planes Stuck In Russia

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    For aircraft lessors considering insurance coverage litigation to recover for losses of equipment leased to Russian airlines, negotiating an assignment of rights may provide a faster pathway to recovery, say David Klein and Jose Lua-Valencia at Pillsbury.

  • Series

    My Favorite Law Prof: How I Learned To Argue Open-Mindedly

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    Queens College President Frank Wu reflects on how Yale Kamisar’s teaching and guidance at the University of Michigan Law School emphasized a capacity to engage with alternative worldviews and the importance of the ability to argue for both sides of a debate.

  • 4 Key Skills For An Effective Attorney Coaching Conversation

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    As BigLaw firms are increasingly offering internal coaching as one of many talent strategies to stem ongoing lawyer attrition, Stacey Schwartz at Katten discusses how coaches can help attorneys achieve their goals.

  • New Clarity On Directors' Creditor Duty In Insolvency Context

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    The recent case of BTI 2014 v. Sequana, the first to consider the creditor duty at U.K. Supreme Court level, provides directors and insolvency practitioners with significant guidance on how close to insolvency the company needs to be for the creditor duty to be engaged, say attorneys at Shearman.

  • FCA Pension Scheme Case Highlights Issues Ripe For Reform

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    The Financial Conduct Authority's response to the British Steel Pension Scheme case exposed wider issues within its regulatory approach and could demonstrate the need for industrywide reforms to minimize the risks with transferring out of a pension scheme, say Oliver Reece and Larisa Gordan at PwC.

  • What An Organization Can Do To Protect Its Supply Chains

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    In light of recent world events, supply chain issues have never been more critical for business, and to protect the commercial viability of their contracts, organizations should address performance concerns in good time, with a workable strategy in place should the chain break down, says Laura Heeley at Eversheds Sutherland.

  • German Draft Bill Reflects Trend Toward New Antitrust Tools

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    A recently proposed amendment to the German Act against Restraints on Competition continues the trend in Europe to equip authorities with greater powers, shifting from a more traditional approach to a more extensive market protection tool, say attorneys at Gibson Dunn.

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