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Insurance UK
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July 31, 2025
DWF Hires 4 More From Kennedys To Boost Injury Practice
DWF LLP said Thursday that it has recruited four partners from Kennedys Law LLP to bolster its major injury and casualty practice, the latest in a series of hires from the rival insurance specialist.
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July 24, 2025
Ireland Revamps Sweeping Insurance Reform Plan
Ireland said Thursday that it would seek to further reform how personal injury claims are handled, as it unveiled an action plan to tackle the spiraling cost of insurance.
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July 24, 2025
CMS, Sackers Guide £40M Pension Deal For Engineering Body
Pension Insurance Corp. said Thursday that it has completed a £40 million ($54 million) buy-in transaction to acquire the pensions of 200 members of the Mechanical Engineers Pension Scheme in a deal guided by CMS Cameron McKenna Nabarro Olswang LLP and Sackers.
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July 24, 2025
BoE Speeds Up Insurance Vehicle Approvals To Boost Growth
The Bank of England put into force Thursday rules speeding up authorizations for a type of insurer known as special purpose vehicles, slashing related compulsory senior manager applications with immediate effect to boost U.K. growth.
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July 24, 2025
SFO Charges 6 With Fraud Over £75M Pension Investments
The Serious Fraud Office charged six individuals with fraud and money laundering on Thursday over alleged misrepresentations made to investors who poured £75 million ($101 million) from their pensions into self-storage units.
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July 24, 2025
Lloyd's Grants Provisional Approval For South African Insurer
Specialist insurance market Lloyd's of London has granted "in principle" the go-ahead for Santam to launch a syndicate in London, a move the South African company said will fast-track its international growth.
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July 24, 2025
Chesnara Raises £140M To Fund HSBC Life Buy
British pensions company Chesnara PLC said Thursday that it has raised approximately £140 million ($190 million) to partly fund the £260 million acquisition of the specialist life protection and investment bond provider of banking giant HSBC.
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July 24, 2025
Pinsent Masons Guides £11M DAC Beachcroft Pension Deal
DAC Beachcroft LLP's pension plan has agreed to an £11 million ($14.9 million) full scheme buy-in with insurance giant Aviva PLC, consultancy Broadstone said Thursday.
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July 24, 2025
Gov't Warned Over Risks From Captive Insurance Reform
A light-touch capital regime for U.K. businesses that want to insure themselves could pose new systemic risks to the economy, a credit ratings agency has warned.
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July 24, 2025
Brown & Brown To Buy UK Racehorse Insurance Broker
The European subsidiary of insurance broker Brown & Brown Inc. has agreed to acquire Weatherbys Hamilton LLP, a specialist U.K. broker that offers cover for farms, estates and racehorses.
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July 23, 2025
MPs Call For Gov't Strategy To Fix 'Pensioner Poverty'
A committee of lawmakers called on the government on Thursday to make it easier for people in retirement to claim benefits as the number of older citizens slipping into poverty continues to climb.
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July 23, 2025
Fund Managers Ask EU Watchdog To Simplify Investing Rules
A trade body for European fund managers has urged the EU's financial markets regulator to streamline the "complex and time‑consuming" retail investment process, eliminating burdens that prevent savers from making better investments.
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July 23, 2025
Insurance Actuaries Told To Review Modeling Assumptions
Insurance actuaries should review their modeling assumptions to factor in falling prices, among a range of changing market conditions Lane Clark & Peacock LLP flagged as significant going into 2026.
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July 23, 2025
Insurer CPP Group To Sell India Biz For Up To $21M
U.K. insurance products provider CPP Group PLC said Wednesday it has agreed to sell its Indian unit to two local buyers for up to $21 million to exit the "increasingly constrained" business and focus on its new technology platform.
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July 23, 2025
FCA Criticizes Firms For Slow Fixes To Reporting Failures
The Financial Conduct Authority warned regulated companies on Wednesday that it has found deficiencies in transaction reporting, with some taking too long to address compliance failings.
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July 23, 2025
Aviva Study Identifies Gender Gap In UK Pension Engagement
Insurance giant Aviva said Wednesday that men are more likely than women to see themselves as the pension planner in their household.
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July 22, 2025
Racecourses Lose Early Fight In £80M COVID Cover Battle
A racecourse business shuttered during the COVID-19 pandemic on Tuesday lost its case that £2.5 million ($3.4 million) insurance limits applied to every canceled race, with a London court ruling that each event was not a separate point of loss.
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July 22, 2025
JMW Guides £4M Pension Deal For Church Scheme
Pension insurer Just Group has taken on £4 million ($5.4 million) worth of retirement savings liabilities from a scheme linked to a Christian church, in a deal put together by pensions consultancy K3 Advisory and guided by law firm JMW Solicitors.
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July 22, 2025
BoE Chief Vows To Speak Up If Deregulation Goes Too Far
Andrew Bailey told a cross-party group of lawmakers Tuesday that he would speak out if the Treasury tries too hard to deregulate the financial services industry, adding that bank ring-fencing must remain in place.
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July 22, 2025
Atradius Syndicate Gets 'In Principle' OK For Lloyd's Launch
Specialist insurance market Lloyd's of London has "in principle" given the green light for the operation of the Atradius Syndicate 1864, a new underwriting platform of the credit insurer.
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July 22, 2025
DWF Beats Data Privacy Challenge In Injury Fraud Evidence
A London court tossed claims Tuesday that DWF Law LLP broke data protection laws when it analyzed and shared health information from three former personal injury claimants in a bid to expose alleged fraud patterns in road traffic accident cases.
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July 22, 2025
FCA Warns Insurers On Poor Claims Handling
The City watchdog on Tuesday warned U.K. insurers over delays in paying claims and high rejection rates, as consumer groups called for enforcement action.
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July 22, 2025
Insurers Push For Clear Liability Rules On Autonomous Flight
Britain's politicians must redraw the legal framework for liability over new autonomous aviation technology, a trade group for underwriters said on Tuesday, adding that a "clear and enforceable" regulatory regime will help insurers support the emerging sector.
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July 22, 2025
Gov't Sets Out Plan To Include Pensions In Inheritance Tax
The government has confirmed that it is pushing ahead with plans to apply inheritance tax to wealth transferred through pensions in a move that experts say marks a "seismic" change for the sector.
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July 22, 2025
NCA Calls For Crypto-Data Sharing In £100B AML Battle
The National Crime Agency has called for financial services companies to share data with law enforcers to improve identification of illicit cryptocurrency activity as it seeks to combat the estimated £100 billion ($135 billion) laundered in the country every year.
Expert Analysis
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What To Expect From Labour's Pension Schemes Bill
The Labour government’s recently announced Pension Schemes Bill, outlining key policy areas affecting the retirement savings sector, represents a positive step forward for both defined contribution scheme members and defined benefit superfunds, but there are some missing features, says Sonya Fraser at Arc Pensions.
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What EU Opinion May Mean For ESG Product Classification
The recently issued European Supervisory Authority opinion on the Sustainable Finance Disclosures Regulation offers key recommendations, including revising the definition of sustainable investments and making principal adverse impacts consideration mandatory, that could sway the European Commission’s final approach to product classification, say lawyers at Debevoise.
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Insurance Rulings Show Court Hesitancy To Fix Policy Errors
Two recent Court of Appeal insurance decisions highlight that policyholders can only overcome policy drafting errors and claim coverage if there is a very obvious mistake, emphasizing courts' reluctance to rewrite contract terms that are capable of enforcement, says Aaron Le Marquer at Stewarts.
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EU Investment Fund Standards Offer Welcome Clarity
The European Commission’s recently published regulatory technical standards for long-term investments, which granted managers greater flexibility with respect to open-ended European long-term investment funds, should help managers active in the space navigate the mandatory liquidity requirements for long-term investment funds, say Zac Mellor-Clark and Nishkaam Paul at Fried Frank.
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10 Ways To Manage AI Risks In Service Contracts
With the European Union Artificial Intelligence Act coming into force on Aug. 1 and introducing a new regulatory risk, and with AI technology continuing to develop at pace, parties to services arrangements should employ mechanisms now to build in flexibility and get on the front foot, says James Longster at Travers Smith.
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Unpacking The New Concept Of 'Trading Misfeasance'
In addition to granting one of the largest trading awards since the Insolvency Act was passed in 1986, the High Court recently introduced a novel claim for misfeasant trading in Wright v. Chappell, opening the door to liability for directors, even where insolvent liquidation or administration was not inevitable, say lawyers at Greenberg Traurig.
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Key Takeaways From Proposed EU Anticorruption Directive
The European Commission's anticorruption proposal, on which the EU Council recently adopted a position, will substantially alter the landscape of corporate compliance and liability across the EU, so companies will need to undertake rigorous revisions of their compliance frameworks to align with the directive's demands, say lawyers at Linklaters.
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Tips For Implementing EU Sustainability Reporting Guidance
Lawyers at Sullivan & Cromwell discuss the European Financial Reporting Advisory Group’s recently published guidance on double materiality assessments and offer takeaways on achieving a sustainability directive-compliant process that could enhance clarity and consistency among multinational stakeholders.
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Why Ukraine Aircraft Insurance Case Failed To Take Off In UK
In Aercap v. PJSC Insurance, the High Court decided the claimants could not avoid an exclusive jurisdiction clause and advance their case in England rather than Ukraine, and the reasoning is likely to be of relevance in future jurisdiction disputes, say Abigail Healey and Genevieve Douglas at Quillon Law.
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What New UK Labour Gov't Is Planning For Financial Services
Following the Labour Party’s U.K. election win on July 4, the new government has already announced its key missions for economic growth, green investment and tax reform, so affected Financial Conduct Authority-regulated entities should be prepared for change and on the lookout for details, says Rachael Healey at RPC.
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Why Reperforming Loan Securitization In UK And EU May Rise
The recently published new U.K. securitization rules will largely bring the U.K.’s nonperforming loan regime in line with the European Union, and together with the success of EU and U.K. banks in reducing loan ratios, reperforming securitizations may feature more prominently in relevant markets going forward, say lawyers at Morgan Lewis.
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Exploring The EU's Draft Standards On Crypto Authorization
The European Securities and Markets Authority’s recently published draft standards aim to promote fair competition and a safer environment for crypto providers and investors, detailing precisely the information to be provided to national authorities in charge of screening the acquisitions of a qualifying holding, says Mathieu de Korvin at Norton Rose.
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How FCA Guidance Aligns With Global Cyberattack Measures
The U.K. Financial Conduct Authority’s recent guidance on preparing for cyberattacks aligns with the global move by financial regulators to focus on operational resilience, highlighting the importance of proactive strategies and robust resilience frameworks to mitigate disruptions, while observing a disappointing level of engagement by the industry, say Alix Prentice and Grace Ncube at Cadwalader.
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EU Anti-Greenwashing Guide Analyzed For Fund Managers
Anna Maleva-Otto and Matthew Dow at Schulte Roth explain how the European Securities and Markets Authority’s new guidelines on sustainability-related terms in fund names aim to protect European Union investors from unsubstantiated claims, and how they provide quantifiable criteria for determining which terms can be used to promote their funds.
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How Law Firms Can Handle Challenges Of Mass Claims
With a wave of volume litigation possibly about to hit the U.K. courts, firms developing mass claim practices should ensure they heed the Solicitors Regulation Authority's May warning and adopt strategies to ensure regulatory compliance and fair client representation, says Claire Van der Zant at Shieldpay.