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Insurance UK
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September 24, 2025
Chubb Blames Reinsurers For $5.7M Aircraft Loss Bill
Chubb has urged the High Court to force a group of war risk reinsurers to cover the $5.7 million it owes to aircraft lessors, arguing that the reinsurers are liable under a landmark court order determining the fate of planes stranded in Russia.
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September 24, 2025
Ransomware Gangs Shift Focus To Small Biz, Insurer Warns
Insurers have seen a sharp decline in payouts from cyberattacks in the first half of the year, as hackers turn their attentions on smaller, more vulnerable businesses, Allianz said Wednesday.
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September 24, 2025
FCA Faces Legal Challenge Over Bond Data Contract Award
The Financial Conduct Authority said Wednesday that it has received a legal challenge to its decision to award a contract for the bond consolidated tape provider, delaying the regulator's contract with the successful bidder.
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September 24, 2025
Ship Co. Seeks $5M Payout For Vessel Hit By Houthi Rockets
A shipping company has told a London court that its insurer can't avoid a $5 million payout to cover a vessel that was sunk by Yemen-based Houthi rebels, arguing the attack did not fall under a war exemption.
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September 24, 2025
'Muted' Start For Pension Deals As Market Falls To £9.8B
The value of pension transactions in the first half of the year fell by around 41% compared to the same period last year, a consultancy said Wednesday, describing it as a "muted" start for the normally busy bulk annuity market.
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September 24, 2025
Gowling Guides Trustees On £160M Portakabin Pension Deal
U.K.-based modular building provider Portakabin Ltd. has completed a £160 million ($215.5 million) full-scheme buy-in of its pension plan with Aviva PLC, the insurance giant said Wednesday.
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September 24, 2025
Tokio Marine Updates Cyber-Products Amid Evolving Threat
Global insurer Tokio Marine Kiln said it has expanded the range of cyber-insurance products it offers to meet what it called the evolving threat of digital criminals.
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September 23, 2025
UK Pension Deal Market Set To Top £40B For Third Year
The U.K. pension insurance market is set for another record year, with transaction numbers expected to hit 350 and total buy-in and buy-out volumes forecast to exceed £40 billion ($54 billion), consultancy Lane Clark & Peacock said Tuesday.
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September 23, 2025
CORRECTED: DWF Expands Injury Practice With 28 Hires From Kennedys
DWF LLP said Tuesday that it has taken on 29 new recruits in London and Leeds to strengthen its major injury and casualty practice, with almost the entire intake joining from Kennedys Law LLP.
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September 23, 2025
Mayer Brown Steers £61M Royal London Pension Deal
Mutual life insurer Royal London said Tuesday it has taken on retirement scheme liabilities worth £61 million ($82.5 million) from a pension plan sponsored by a renewable products company, in a deal guided by Mayer Brown LLP and Burges Salmon LLP.
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September 23, 2025
UK Lifeboat Fund Halts Levy On Pension Schemes
The Pension Protection Fund said Tuesday that in 2025-2026 it will not charge a levy to defined benefit pension schemes to help it pay out to retired employees if the sponsoring employer should become insolvent.
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September 23, 2025
Consumer Group Files Insurance 'Super Complaint' To FCA
The U.K.'s financial regulator has failed to properly protect consumers from sharp practices used by the insurance sector, according to a formal complaint filed on behalf of millions of policyholders on Tuesday.
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September 23, 2025
UK Pension System Faces Overhaul Call To Prevent Poverty
Millions of Britons could face poverty in later life unless the government-appointed Pensions Commission comes up with a bold plan for reform, a pension provider warned Tuesday.
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September 23, 2025
Fintech's Pledge Brings Finance Sector Investment To £110B
HM Treasury said Tuesday that financial technology company Revolut will invest £3 billion ($4 billion) into the U.K., bringing investment from major financial services companies to £110 billion in a week, after the government cut red tape to promote economic growth.
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September 23, 2025
Swiss, UK Regulators Team Up To Boost Investor Protection
Britain's financial regulators will work more closely with Switzerland's financial markets watchdog under an agreement to improve mutual market access and consumer protection.
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September 23, 2025
Dutch Insurance Tech Biz Raises €16.3M In VC Funding
Digital insurance platform Insify said Tuesday it has raised €16.3 million ($19.2 million) in a second round of private equity funding to further expand its services for freelancers and small and midsized businesses across Europe.
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September 22, 2025
Fraudsters Using Court Ruling To Inflate Claims, Allianz Says
Insurer Allianz UK said Monday that fraudsters are inflating claims by exploiting a legal precedent left after a landmark U.K. court ruling on whiplash.
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September 29, 2025
Clyde & Co. Adds Employment Lawyers From DAC Beachcroft
Clyde & Co. has hired two occupational disease experts as partners in its U.K. casualty insurance practice, as the firm reacts to growing client demand for specialist expertise in complex workplace litigation.
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September 22, 2025
Law Firm Launches Employment Claims Insurance Scheme
Trethowans LLP has launched a new service to help businesses reduce their exposure to the financial risks they face defending themselves at the employment tribunal as it becomes easier for workers to bring legal claims against their employers.
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September 22, 2025
Motorists Cutting Cover As Economy 'Squeezing' Budgets
Consultancy Broadstone said Monday that more than one in seven customers has disclosed that they had reduced their level of motor insurance cover in the past two years.
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September 22, 2025
Insurance Broker Ardonagh Europe Unit To Buy French Rival
Ardonagh Group said Monday that its subsidiary has agreed to acquire French specialist broker Groupe Leader Insurance, as the British insurer continues its European expansion.
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September 22, 2025
EU Fund Managers Push For Overhaul Of Crypto-Asset Rules
A trade body for European asset managers urged policymakers Monday to reform the crypto-assets regulatory framework to make capital markets more competitive.
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September 19, 2025
Lords To Probe Inheritance Tax Reforms For Pensions
The government's controversial plan to bring pensions wealth within the scope of inheritance tax will be examined by a House of Lords committee as part of a wider review of new legislation.
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September 19, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen brokerage firm ADS Securities file a fresh claim against German entrepreneur Lars Windhorst, AmTrust and Endurance Worldwide Insurance tackle an ongoing £50 million ($67 million) dispute over a failed litigation and insurance scheme, and Howard Kennedy LLP sue the son of a diamond tycoon over a £3.1 million legal bill.
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September 19, 2025
Motor Policyholders To Receive £200M After FCA Steps In
More than 270,000 motorists will receive compensation from their insurers, the Financial Conduct Authority said Friday, after the watchdog stepped in over poor claims handling practices by the sector.
Expert Analysis
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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.
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Real-Life Lessons For Lawyers From 'Game Of Thrones'
What lessons can the various hands, maesters, council members and other advisers in "Game of Thrones" impart to real-life lawyers? Quite a few, if we assume that the Model Rules of Professional Conduct were adopted by the Seven Kingdoms, says Edward Reich of Dentons.
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UK Firms Should Be Prepared For Government Raids
Recent enforcement activity from the Financial Conduct Authority and other regulators highlight the penalties firms face for procedural breaches, and the value in ensuring that employees are well-equipped to handle unannounced inspections, say James Marshall and Sonja Hainsworth of Bryan Cave.
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Series
Why I Became A Lawyer: Completing The Journey Home
My mother's connection to her Native American heritage had a major influence on my career — my decision to enter the legal profession was driven by the desire to return to my tribal community and help it in any way I could, says Jason Hauter of Akin Gump.
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3 Insurance Issues Raised By The Notre Dame Cathedral Fire
The devastating Notre Dame Cathedral fire provides a rare opportunity to consider the many unique factors that owners and insurers must consider when insuring national treasures, say attorneys at Zelle.
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Where The Post-Libor Litigation Tsunami Will Hit
The permanent cessation of the Libor rate in 2021 will likely trigger a flood of litigation over many existing contracts that lack effective replacements. Marc Gottridge of Hogan Lovells identifies the types of products that may be most susceptible to disputes.
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Despite Decline In Cyberattacks, UK Cos. Should Stay Vigilant
The U.K. Department for Digital, Culture, Media and Sport's latest cybersecurity survey shows that U.K. cyberattacks have decreased in the last 12 months, likely thanks in part to the General Data Protection Regulation. But companies' cybersecurity efforts should continue to evolve, say experts at PriceWaterhouseCoopers.
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UK Antitrust Watchdog Proposals Would Bolster Enforcement
The U.K. Competition and Markets Authority's proposals for reshaping competition enforcement and consumer protection would shift the historical balance in U.K. competition policy, increasing regulatory burden on companies while weakening judicial scrutiny of CMA actions, says Bill Batchelor of Skadden.