Insurance UK

  • April 16, 2025

    EY Under Investigation Over UK Post Office Audits

    The accounting watchdog said Wednesday that it has started an investigation into Ernst & Young LLP as auditor of the Post Office over financial shortfalls registered by postmasters around the country.

  • April 16, 2025

    UK Savers Favor 'Cautious Approach' To Pensions Investment

    Almost half of savers in Britain want a cautious approach to investment in pension plans, with just 8% willing to invest in high-risk assets, according to research published on Wednesday by a retirement savings platform.

  • April 16, 2025

    FCA Plans More Changes To Simplify Investment Information

    The financial watchdog said Wednesday that it plans to further simplify information provided to U.K. retail investors in post-Brexit Britain by removing the requirement for fund managers to report on small price movements while trades are executed.

  • April 16, 2025

    Cost Of Irish Private Health Insurance Rises By 9% In 2024

    Private health insurance cover in the Republic of Ireland continues to expand, even though the cost of premiums rose by an average of 9.2% in 2024, the sector's watchdog has said.

  • April 16, 2025

    Reinsurer Compre Boosts Portfolio With Covéa US Unit Deal

    Reinsurer Compre Group said Wednesday that it has bought a U.S. subsidiary of French mutual insurer Covéa, to add to its portfolio of legacy insurance companies.

  • April 15, 2025

    La. Parish Still Wants 5th Circ. To Remand Insurance Case

    A Louisiana parish has again urged the Fifth Circuit to send its dispute over coverage for property damage caused by a pair of hurricanes back to district court, saying "everyone agrees" that the lower court made a procedural misstep that was subsequently wrongly appealed.

  • April 15, 2025

    UK Gender Pensions Gap Widening, PensionBee Finds

    Male customers of PensionBee saved an average of £507 ($671) more in retirement plans than women did in 2024, according to figures published by the retirement savings provider.

  • April 15, 2025

    Schroders Tapped To Manage £2.1B Scottish Friendly Portfolio

    Schroders said Tuesday it has been appointed to manage a £2.1 billion ($2.8 billion) portfolio by life insurance mutual company Scottish Friendly.

  • April 15, 2025

    Marine Insurers Cut Premiums Despite Claims Inflation

    The marine insurance market could face losses if premiums continue to soften in the face of mounting claims inflation, a broker warned.

  • April 15, 2025

    Most Drivers 'Unsure' What To Do After Injuries From Crash

    About two-thirds of drivers do not know what steps to take if someone is injured after a collision, insurance giant Aviva has said, while 45% are unsure what to do after a crash that damages property or another vehicle.

  • April 15, 2025

    DLA Piper Helps KKR Buy £100M Properties From L&G

    U.S. private equity heavyweight KKR said on Tuesday that it has purchased a portfolio of three properties from British financial services group Legal & General for more than £100 million ($132 million).

  • April 15, 2025

    Freshfields-Led Insurtech Biz Raises $90M, Hits $2B Valuation

    Marshmallow said Tuesday that it has raised $90 million from investors, including Portage and BlackRock, which values the British insurance startup at $2 billion and allows it to expand globally.

  • April 14, 2025

    Firm Owner, Consultant Sanctioned Over Misled Insurer

    A London tribunal has sanctioned a law firm owner who knowingly allowed another lawyer to manage the firm's bank accounts in breach of the conditions of his practicing certificate.

  • April 14, 2025

    EU Council Greenlights Delay To Sustainability Rules

    The Council of the European Union said on Monday that it has formally approved a proposal that will temporarily delay the implementation of two flagship sustainability directives across the bloc.

  • April 14, 2025

    Pensions Body Warns Of Risks Of AI Adoption

    The U.K.'s tough regulatory environment will mean that artificial intelligence is unlikely to replace pension trustees in key decision-making roles anytime soon, a trade body said.

  • April 14, 2025

    Pension Trustees Warned To Plan Ahead In Dashboard Prep

    U.K. pension plans have been warned to plan for bottlenecks in processing customer data as they prepare to meet deadlines for new government-backed online portals.

  • April 14, 2025

    Squire Patton Guides £120M Pensions Deal For Utilities Co.

    Pensions insurer Just Group said on Monday that it has taken on £120 million ($158 million) in retirement savings liabilities from a plan sponsored by a U.K. water supplier, in a deal guided by Squire Patton Boggs.

  • April 14, 2025

    A&O Shearman-Led Ageas Inks £1.3B Deal For UK Insurer

    Belgian insurer Ageas said Monday that it has reached an agreement with Bain Capital to buy Esure Group PLC, which provides motor and home cover, for £1.295 billion ($1.7 billion) as it moves to expand in the U.K. online market.

  • April 11, 2025

    FCA Warns Banks To Improve Bereavement Support

    The Financial Conduct Authority warned banks and building societies on Friday to give better treatment to clients who experience bereavement or register a power of attorney.

  • April 11, 2025

    Court Affirms Nix Of £2M VAT Refund For Cars' Data Devices

    The British Court of Appeal affirmed Friday that a company wasn't entitled to recoup £2 million ($2.6 million) in value-added tax charged on the installation of event-data-recording devices in cars.

  • April 11, 2025

    Teacher Loses Racial Bias, Harassment Claim

    An employment tribunal has thrown out a teacher's claims that staff at a grammar school in southeast England discriminated and harassed her, putting an end to her case after she'd already had allegations that the head teacher committed insurance fraud to pay his solicitors tossed out.

  • April 11, 2025

    UK Urged To Reduce Gov't Interference In Pension Sector

    The U.K. government should consider freeing pension providers to allocate the assets wherever they choose to maximize returns and boost the country's economic growth, an industry association has said.

  • April 11, 2025

    Hannover Re To Buy Swiss Re's Australian Insurance Portfolio

    A Hannover Re unit has agreed to acquire the Australian direct life insurance portfolio of Swiss Re for an undisclosed amount following the Swiss reinsurer's decision to exit the loss-making business globally.

  • April 11, 2025

    Lessors Deny Jurisdiction Clause Breach In $10B Planes Case

    A group of aircraft lessors have hit back at a counterclaim from insurers in a $10 billion dispute over payouts for planes stranded after Russia's invasion of Ukraine, arguing they haven't breached jurisdiction clauses with claims in England.

  • April 11, 2025

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

    This past week in London has seen law firm Michael Wilson & Partners reignite a 20-year dispute with a former director over an alleged plot to form a rival partnership, headphone maker Marshall Amplification sue a rival in the intellectual property court, and a commercial diving company pursue action against state-owned nuclear waste processor Sellafield. Here, Law360 looks at these and other new cases in the U.K.

Expert Analysis

  • How Law Firms Can Handle Challenges Of Mass Claims

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    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.

  • FCA Doubles Down On New Priorities With Target ID Plan

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    Respondents to the Financial Conduct Authority’s recent consultation on its plan to publicly name subjects under investigation are concerned that the regulator’s cost-benefit analysis has not adequately considered the risks, but the FCA is holding firm, and it seems likely the changes will be implemented, says James Tyler at Peters & Peters.

  • Insurance Ruling Stresses High Hurdle To Fix Policy Wording

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    In Project Angel v. Axis, the Court of Appeal recently refused to rewrite the exclusion clause of an insurance policy, reminding parties in the warranty and indemnity market to carefully word clauses, as there is a high threshold before courts will intervene to amend policies, say Joseph Moore and Laura McCann at Travers Smith.

  • Examining Senior Managers' Accountability For AI Use

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    With the Financial Conduct Authority's artificial intelligence update and the Prudential Regulation Authority’s letter to the government offering key guidance on the Senior Managers and Certification Regime, Senior Managers in these organizations need to show they have taken steps to prevent breaching requirements in order not to be held personally accountable, says Jennifer Holyoake at DLA Piper.

  • What Cos. Should Know About The EU Greenwashing Rules

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    The EU's recently proposed Green Claims Directive introduces new rules to improve the transparency and honesty of environmental claims in advertising, which will help ensure that consumers receive accurate and reliable information to make informed purchasing decisions, says Daja Apetz-Dreier at Morgan Lewis.

  • The Art Of Corporate Apologies: Crafting An Effective Strategy

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    Public relations challenges often stop companies from apologizing amid alleged wrongdoing, but a recent U.K. government consultation seeks to make this easier, highlighting the importance of corporate apologies and measures to help companies balance the benefits against the potential legal ramifications, says Dina Hudson at Byfield Consultancy.

  • Dissecting Recent Developments Against The Misuse Of NDAs

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    The U.K. government's recent plans to nullify nondisclosure agreements that prevent victims from reporting crimes should remind lawyers to proactively consider the necessity of such agreements, especially in light of the Solicitors Regulation Authority's warning notice on drafting improper NDAs, say Clare Davis and Macaela Joyes at RPC.

  • What To Know About The Russia-Stranded Plane Ruling

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    The High Court's recent decision in Zephyrus Capital Aviation v. Fidelis Underwriting, rejecting reinsurers' U.K. jurisdiction challenges in claims over stranded planes in Russia, has broad implications for cross-border litigation involving exclusive jurisdiction clauses, says Samantha Zaozirny at Browne Jacobson.

  • 3 Notable Pensions Reforms In Spring Budget

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    The U.K. government’s spring budget introduced reforms to improve pension outcomes through the value for money framework and the lifetime provider model, as well as to encourage investments in Britain — three interlinked areas that could pressure trustees and providers to rethink how they approach investments, say Liz Ramsaran and Marcus Fink at DWF.

  • UK Arbitration Ruling Offers Tips On Quelling Bias Concerns

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    An English court's recent decision in H1 v. W to remove an arbitrator because of impartiality concerns offers several lessons on mitigating bias, including striking a balance between arbitration experience and knowledge of a particular industry, and highlights the importance of careful arbitrator appointment, says Paul-Raphael Shehadeh at Duane Morris.

  • Bias Ruling Offers Guidance On Disqualifying Arbitrators

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    An English court's recent decision in H1 v. W, removing an arbitrator due to bias concerns, reaffirms practical considerations when assessing an arbitrator's impartiality, and highlights how ill-chosen language by an arbitrator can clear the high bar for disqualification, say Andrew Connelly and Ian Meredith at K&L Gates.

  • Insurance Policy Takeaways From UK Lockdown Loss Ruling

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    An English court's recent decision in Unipolsai v. Covea, determining that insurers' losses from COVID-19 lockdowns were covered by reinsurance, highlights key issues on insurance policy wordings, including how to define a "catastrophe" in the context of the pandemic, says Daniel Healy at Brown Rudnick.

  • What COVID Payout Ruling Means For Lockdown Loss Claims

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    While the High Court's recent COVID-19 payout decision in Gatwick v. Liberty Mutual, holding that pandemic-related regulations trigger prevention of access clauses, will likely lead to insurers accepting more business interruption claims, there are still evidentiary challenges and issues regarding policy limits and furlough, say Josianne El Antoury and Greg Lascelles at Covington.

  • Spartan Arbitration Tactics Against Well-Funded Opponents

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    Like the ancient Spartans who held off a numerically superior Persian army at the Battle of Thermopylae, trial attorneys and clients faced with arbitration against an opponent with a bigger war chest can take a strategic approach to create a pass to victory, say Kostas Katsiris and Benjamin Argyle at Venable.

  • Top Court Hire Car Ruling Affects 3rd-Party Negligence Cases

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    The U.K. Supreme Court's recent decision in Armstead v. Royal & Sun Alliance, finding that an insurer was responsible for lost car rental income after an accident, has significant implications for arguing economic loss and determining burden of proof in third-party negligence cases that trigger contractual liabilities, say lawyers at Macfarlanes.

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