Insurance UK

  • May 15, 2025

    Strong Support For Simplifying Digital Reporting, FRC Says

    The Financial Reporting Council on Thursday said it has received backing for continued collaboration between regulators to reduce complexity around digital reporting, adding support for a range of proposals that could shape future electronic disclosures in Britain.

  • May 15, 2025

    Insurers Fear Regulatory Scrutiny Is Stalling AI Adoption

    Lloyd's of London insurers fear failure to comply with regulations on artificial intelligence is blocking wider take-up of the technology, according to research published on Thursday.

  • May 15, 2025

    Brabners Guides Telecoms Biz In £63M Pension Deal

    Telecommunications company CommScope has offloaded £63 million ($8 million) of its U.K. pension liabilities to insurer Aviva PLC, advisers have said, in a deal guided by Brabners.

  • May 14, 2025

    Kirkland-Led Equity Firm To Buy UK Insurance Broker JMG

    GTCR Inc. has said that it has penned a deal to acquire JMG Group in an acquisition the U.S. private equity firm hopes will help to drive the broker's expansion across the British insurance market.

  • May 14, 2025

    UK Lifeboat Fund Looking Into New Claims Against WealthTek

    The U.K.'s lifeboat fund compensating investors in failed investment firms has started investigating new types of investor claims against collapsed wealth manager WealthTek LLP.

  • May 14, 2025

    Pension Bosses Warn Gov't Over Mansion House Mandate

    The government is likely to fail in its bid to oblige pension funds to invest in the U.K. without ensuring that there is a sufficient pipeline of viable assets, a panel of experts warned MPs on Wednesday.

  • May 14, 2025

    Aviva's £3.7B Deal To Buy Direct Line Gets UK Investigation

    Britain's antitrust watchdog said Wednesday that it is investigating Aviva's proposed £3.7 billion ($4.9 billion) cash and stock acquisition of rival insurer Direct Line, saying it has concerns about competition.

  • May 14, 2025

    Pensions Watchdog Raises Alarm Over Lack Of Guidance

    The Pensions Regulator urged savings plans on Wednesday to issue guidance — or what it called a sat-nav — for people approaching retirement, after a report found that most workers cash out as soon as they can.

  • May 14, 2025

    Insurer Settles €17M Project Delay Dispute With Wind Farm

    The U.K. branch of insurer Ergo Versicherung has agreed to a settlement in its €17.3 million ($19.5 million) dispute with an Irish energy company and its Dutch shareholder over the delayed construction of a wind farm.

  • May 13, 2025

    FCA Proposes Paring Back Insurance Rules To Boost Growth

    The Financial Conduct Authority proposed Wednesday to remove unnecessary requirements from its insurance rule book to reduce company costs and fuel U.K. growth.

  • May 13, 2025

    Only Half Of Mid-Retirees Expect Pensions To Last, Aviva Says

    Only half of pension savers aged 65 to 75 are confident they are on track to make their retirement savings last for the rest of their life, insurance giant Aviva has said, calling for a tool that would help retirees in the middle of retirement gauge their financial prospects.

  • May 13, 2025

    FCA Reports Progress On Misconduct MoU With China

    The City watchdog has said it is working on a memorandum of understanding with the National Financial Regulatory Administration in China to help detect misconduct early.

  • May 13, 2025

    EU Insurtech Sells Italian Arm To Private Equity Firm

    Wefox Insurance AG said Tuesday it has sold its Italian business to private equity giant JC Flowers & Co., as it wraps up a restructuring of the wider business.

  • May 13, 2025

    Pension Providers Agree To Invest £25B In UK Projects

    The government said Tuesday that it has struck a deal with the pensions industry that could result in £25 billion ($33 billion) of investment in U.K. infrastructure and clean energy projects.

  • May 13, 2025

    Peugeot Invests $125M In Insurance Broker BroadStreet

    The company that represents the interests of French industrial dynasty Peugeot said Tuesday that it plans to plow $125 million into U.S. insurance brokerage BroadStreet as it moves to diversify its investments away from the automobile sector.

  • May 13, 2025

    Starboard Hotels, Liberty Mutual Settle COVID Cover Action

    The owners of 21 hotels across England have agreed to settle their attempt to claw back £21 million ($28 million) from Liberty Mutual Insurance Europe SE to cover losses they allegedly suffered during the COVID-19 pandemic.

  • May 12, 2025

    WTW Launches Insurance Solution For FinTech Companies

    Global insurance broker Willis on Monday launched an insurance product it said would meet the needs of financial technology companies as they look to grow.

  • May 12, 2025

    Most Fail To Verify Fraud Requests, Finance Trade Body Finds

    Only one in 10 people who takes steps to protect themselves from financial fraud checks the logic of requests for action, according to research published Monday by Take Five, an anti-fraud campaign led by UK Finance.

  • May 12, 2025

    LCP Forecasts Pensions Bill 'Crammed' With Policy Changes

    The U.K. government is likely to use forthcoming pensions legislation to include a number of reforms that have been planned for years, a consultancy said Monday.

  • May 12, 2025

    Mayer Brown, Gowling Guide £120M Charity Pension Deal

    Pensions insurer Rothesay said Monday that it has secured retirement savings plan liabilities worth £120 million ($160 million) for a scheme sponsored by charity and exam board AQA Education, in a deal guided by Mayer Brown LLP and Gowling WLG.

  • May 12, 2025

    Japan's Dai-Ichi Increases Stake In UK Asset Manager To 15%

    Japanese life insurer Dai-ichi Life said Monday that it will increase its stake in Capula, a British hedge fund, to 15% as it seeks to grow its asset management business and diversify risk.

  • May 09, 2025

    Lloyd's Body Calls For Reduced Reporting Under New CEO

    The Lloyd's Market Association has urged the new chief executive and chair of Lloyd's of London to streamline regulatory obligations with other watchdogs in the City, among other commitments the trade body said would help take the specialist insurance market "up a gear."

  • May 09, 2025

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

    This past week in London has seen a subsidiary of State Street Corp. sue British sports betting giant Entain, Manolete Partners and HSBC tackle action just weeks after signing a £17 million revolving credit facility agreement, and a commercial fraud claim launched by EFG Bank against Mirabaud & CIE.

  • May 09, 2025

    AIG Wins COVID-19 Loss Payout Row With Cornish Hotels

    A judge ruled on Friday that AIG does not have to pay the two owners of bars and hotels in Cornwall for losses suffered during the COVID-19 pandemic because the policy did not specifically cover the coronavirus disease.

  • May 09, 2025

    EU Fund Managers Call To Simplify EU Sustainability Package

    Europe's fund managers on Friday backed the European Union's bid to streamline the bloc's sustainability regulations, but warned "excessive" reductions in reporting requirements could limit investors' access to crucial environmental, social, and governance data.

Expert Analysis

  • Novolex Case Brings Lessons On R&W Insurance

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    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.

  • How Proposed EU Class Action Directive Could Affect Insurers

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    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.

  • COVID-19 Insurance Considerations For UK Cos.

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    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.

  • UK Group Data Breach Claims Pose Big Financial Risks

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    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.

  • A Crucial Chance For UK Supreme Court To Clarify Arbitrator Bias

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    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.

  • Rebuttal

    Legal Industry Should Pursue AI Prediction Progress

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    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.

  • Rebuttal

    AI Can't Accurately Predict Case Length And Cost — Yet

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    A recent Law360 guest article argued that artificial intelligence can precisely estimate the length and cost of a new case, but several limitations will likely delay truly accurate predictions for years to come, says Andrew Russell at Shaw Keller.

  • What To Expect During The Brexit Transition Period

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    While all formal ratification procedures for the U.K.'s departure from the European Union have been completed, the transitional period will bring an enormous range of trade, customs and regulatory issues, say attorneys at Mayer Brown.

  • Opinion

    Legal Prediction Is Demanding But Not Impossible

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    The New Jersey Supreme Court’s recent decision in Balducci v. Cige incorrectly concluded that predicting the length and cost of a case is nearly impossible, and overlooked artificial intelligence's ability to do so, says Joseph Avery with Claudius Legal Intelligence.

  • Surefire Marketing Methods To Build Your Legal Practice

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    Attorneys who take the time and the risk to showcase their talents through speaking, writing and teaching will find that opportunities will begin building upon themselves, says Daniel Karon of Karon LLC.

  • Mandatory Mediation May Lie Ahead For England And Wales

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    The U.K. Court of Appeals' decision in Lomax v. Lomax, among other recent developments, show significant judicial support for compulsory mediation of appropriate civil and commercial cases in England and Wales, say Margarita Michael and Grace Spurgeon of O'Melveny.

  • Key Risks And Developments For UK Law Firm Culture In 2020

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    In 2020, law firms throughout the U.K. will be increasingly reshaped by rapid changes in societal expectations and advances in technology, say Helen Rowlands and Niya Phiri of Clyde & Co.

  • Cos. Can Start Preparing Now For Immigration Beyond Brexit

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    Ahead of the U.K.'s likely departure from the European Union on Jan. 31, 2020, companies should use the one-year transition period to help workers understand any new registration requirements, evaluate budgetary concerns and expedite any employee relocations, say Julia Onslow-Cole and Charlotte Wills at Fragomen.

  • #MeToo Pressure On UK Businesses Is Set To Rise

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    Recent declarations by the Financial Conduct Authority and Prudential Regulation Authority indicate that sexual harassment in the U.K.'s financial services industry may lead to consequences under the newly expanded Senior Managers and Certification Regime, and other sectors are facing growing scrutiny as well, say attorneys at Covington.

  • Opinion

    UK's Insurer Investigations May Not Help Policyholders

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    The U.K. Ministry of Justice's recent investigations into insurers suspected of not passing on savings to consumers suggests insurers may see consequences for their hollow promises, but only if the government follows through to hold insurers accountable, says Tom Jones of Thompsons Solicitors.

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