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Insurance UK
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August 12, 2025
Exchanges Federation Seeks Tax Incentives Across Markets
A global association for exchanges and clearinghouses recommended Tuesday new tax boosts for companies listing shares on exchanges and for other investment-related activities across world markets, including London.
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August 12, 2025
Specialist Risk Group Acquires City Quarter Brokers
U.K. insurance intermediary Specialist Risk Group said Tuesday it has bought the London-based City Quarter, an international insurance and reinsurance broker, to bolster the group's growing wholesale platform.
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August 12, 2025
Geopolitical Volatility The 'New Normal' For Marine Insurance
Geopolitical instability is now a permanent feature of the shipping industry that marine insurers must get used to, a marine mutual insurer has said.
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August 12, 2025
Insurer Utmost Group's Assets Grow To £107B After Rival Buy
Utmost Group said Tuesday that its gross cash inflows increased to £5.3 billion ($7.1 billion) in the first half of 2025 after the British insurer completed the acquisition of rival Lombard International in December.
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August 12, 2025
Gov't Bodies Urged To Assess Insurance Accounting Changes
The government warned its divisions and public sector bodies on Tuesday to check what impact changes to an accounting standard for insurance contracts might have on their financial reporting.
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August 12, 2025
UK Subsidence Claims Hit £153M Amid Record Warm Spring
Insurers paid out £153 million ($206 million) in claims linked to subsidence in the first six months of 2025 after Britain experienced its warmest spring on record, according to data from the Association of British Insurers.
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August 11, 2025
Royal London Secures £1B In Pension Deals Since Launch
The Royal London Mutual Insurance Society Ltd. said it has secured at least £1 billion ($1.34 billion) in pension scheme liabilities since entering the de-risking market last year.
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August 11, 2025
7 Local Gov't Pension Funds To Join Border To Coast
Border to Coast Pensions Partnership said Monday that seven local government pension scheme funds that manage approximately £45 billion ($60.5 billion) plan to join the pool, as part of the wider plan to consolidate the U.K.'s retirement pot.
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August 11, 2025
Gov't To Tighten Appointed Reps Regime To Stop Misconduct
The U.K. government said Monday it will empower the Financial Conduct Authority to refuse firms permission to use appointed representatives, in a tightening of the regime to stop misconduct.
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August 11, 2025
Most Pension Savers Under 65 Tap Funds Early, Data Shows
Approximately 70% of the three million savers in Britain who withdrew money from their retirement pots after government reforms in 2015 did so before they reached state pension age, a retirement specialist said Monday.
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August 11, 2025
Addleshaw Helps PIC On £4.3B Rolls-Royce Pension Deal
Pension Insurance Corp. PLC said Monday that it has covered £4.3 billion ($5.8 billion) of pension liabilities for British aerospace and defense giant Rolls-Royce PLC to help streamline its business operations.
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August 08, 2025
Aon Unit Expands In UK With Insurance Specialist Acquisition
A subsidiary of global professional services firm Aon has acquired Bspoke Insurance Group Ltd. to expand its specialist insurance services in the U.K.
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August 08, 2025
Private Sector Pension Savings Hit Record £25.5B In 2024
Private sector employees in the U.K. contributed a record £25.5 billion ($34.3 billion) to their pension pots in 2024, a consultancy said on Friday.
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August 08, 2025
UK Insurers Face Pressure To Offer Green Products
Over 40% of business executives consider it very important to offer green insurance products or services, GlobalData has said in a study.
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August 08, 2025
FCA Woodford Ban Signals Risks Of Star Fund Managers
The decision by the financial watchdog to provisionally fine and ban former fund manager Neil Woodford has sent a lesson to companies across the finance sector that the star status of some senior managers is up for review in the City.
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August 08, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen the U.S. Securities and Exchange Commission target a British investor over a $10 million microcap fraud scheme, Merck Sharp & Dohme move against Halozyme Inc. following a recent clash over its patented cancer medicine, and Birmingham City Council sue a school minibus operator years after ending its contract over DBS check failures. Here, Law360 looks at these and other new claims in the U.K.
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August 08, 2025
Trade Body Warns Of Burden In Local Gov't Pension Reform
The government must consider the potential administrative burden of sweeping reforms to the U.K.'s £400 billion ($537 billion) municipal staff pension plan, a trade body has warned.
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August 07, 2025
Global Insured Losses Hit $80B In Record First Half Of Year
Insured losses from natural disasters reached around $80 billion in the first six months of 2025, reinsurance giant Swiss Re Group has said, marking the second-costliest start to a year ever.
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August 07, 2025
Civil Service Pension Administration At 'Risk Of Collapse'
The administration of pensions for around 1.7 million civil servants could grind to a halt over how the U.K. government has handled the transition to a new outsourced provider, a union warned Thursday.
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August 07, 2025
Global Funding For Insurance Tech Cos. Declines 16.7%
Global funding for insurance technology companies fell to nearly $1.1 billion between April and June, Gallagher Re said Thursday, marking a 16.7% dip from the previous three months.
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August 07, 2025
FCA Boosts Payment Safeguards To Protect Consumers' Cash
The Financial Conduct Authority published new rules on Thursday to protect consumers better when they use payment companies, strengthening its ability to intervene when they fail to safeguard clients' money.
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August 07, 2025
Insurer Warns Of Pause In Pension Deals Over Gov't Reforms
Many larger pension schemes have hit pause on plans to carry out insurance transactions while waiting on the government's plan for reforming the sector, an insurer warned Thursday, as it posted falling revenue from the first six months of the year.
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August 07, 2025
Banca Generali To Weigh €6.3B Takeover Bid By Rival Lender
Italian lender Generali has said it still needs to evaluate a takeover offer from investment bank Mediobanca to acquire it for an estimated €6.3 billion ($7.3 billion) in a deal expected to spur consolidation in the banking industry.
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August 06, 2025
Lloyd's Underwriter Bids To Revive Whitsleblowing Claim
A Lloyd's syndicate told an appeals tribunal Wednesday that an underwriter's attempt to revive a claim that he was sacked for whistleblowing about a supposedly fraudulent payment was an impermissible attempt to reargue the case.
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August 06, 2025
Greenwashing Scrutiny Grows Amid Rising ESG Demands
The increasing significance of environmental, social and governance considerations for businesses has led to a surge in companies overstating their green credentials, according to a report from Watson Farley & Williams LLP.
Expert Analysis
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UK Supreme Court Ruling Clarifies Arbitrator Bias Standard
The U.K. Supreme Court's judgment in Halliburton v. Chubb, likely the court's most important decision in the area of international arbitration in the past decade, articulates important guidelines for how English courts will police issues of arbitrator disclosure and bias, even as it fuels concerns among insurance policyholders, say Allan Moore and Ramon Luque at Covington.
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Evaluating Ethical And Legal Risk In Ransomware Payments
Deciding whether to pay the demanded ransom during a cyberattack is complex and requires a careful balancing of the risks to the firm's business against the reputational and regulatory risks, but companies can also prepare for this eventuality by taking concrete steps now, say Rob Dedman and Kim Roberts at King & Spalding.
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How Climate, Finance And Trade Will Intersect In 2021
In the coming year, the Biden administration will likely align its policies on climate change, finance and trade more closely with those of international partners and organizations, leading to more coordinated action on climate standards that will be applied across the global economy, say consultants at C&M International.
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Perspectives
Finding A Path Forward To Regulate The Legal Industry
Gerald Knapton at Ropers Majeski analyzes U.S. and U.K. experiments to explore alternative business structures and independent oversight for law firms, which could lead to innovative approaches to increasing access to legal services.
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Whether And How To Compel Remote Arbitration
Excerpt from Practical Guidance
As the pandemic delays in-person arbitration hearings, mediator and arbitrator Theodore Cheng provides arbitrators with a checklist to examine the rationale and authority for compelling parties to participate in remote hearings.
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Creditors Welcome UK Supreme Court's Reflective Loss Decision
The U.K. Supreme Court's recent Sevilleja v. Marex decision benefits creditors and other stakeholders by excluding their claims from the reflective loss principle, which precludes third-party complaints that merely reflect company loss, say Robert Fidoe and Jack Moulder at Watson Farley.
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How Courts Are Encouraging Mediation In England And Wales
As the judiciary braces for widespread pandemic-driven contractual disputes, courts in England and Wales are showing enthusiastic support for mediation, both when determining the implications of a party's refusal to mediate and when assessing whether normal restrictions on the use of mediation-derived information apply, says Leah Alpren-Waterman at Watson Farley.
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Opinion
EU Class Action Policy Guided By Wrong Measure Of Success
The political agreement obtained last month on the first European Union-wide rules on collective redress illustrates the fact that the main goal of the authorities is to increase the number of class action claims rather than focus on the application of standard civil liability principles, says Sylvie Gallage-Alwis at Signature Litigation.
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An Attractive Regime For Governing Jurisdiction Post-Brexit
As indicated by the U.K.'s recent application to join the Lugano Convention, this is an "oven-ready" option for the U.K. for governing questions of jurisdiction and the enforcement of judgments with European Union countries after Brexit — but not without important differences from the current regime, say attorneys at Latham.
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Reinsurance Implications Of COVID-19 Biz Interruption Laws
In light of legislative and public pressure in the U.S. and U.K. on insurers to cover business interruption losses related to COVID-19, reinsurers will face new questions regarding their obligation to cover claim payments, say Robin Dusek at Saul Ewing and Susie Wakefield at Shoosmiths.
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UK Appellate Rulings Clarify Arbitral Choice Of Law
Two recent U.K. Court of Appeal decisions have changed the operation of the choice-of-law test for arbitration — a resolution as significant as changing the test itself because it affects the implied choices of the contracting parties, say attorneys at Squire Patton.
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Post-Pandemic Litigation To Expect In England And Wales
Globally, we are already starting to see insolvency-related claims and a number of insurance, breach of contract, employment and securities class actions across numerous sectors. These and other claims will likely increase for U.K. businesses, say Tracey Dovaston and Fiona Huntriss at Boies Schiller.
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UK Lawyers Can Adapt Due Diligence To Screen New Clients
As COVID-19-related fraud gains pace, U.K.-based practitioners should help combat money laundering by using alternative methods to verify that new clients are who they say they are, says Christopher Convey, a barrister at 33 Chancery Lane and chair of the Bar Council's Money Laundering Working Group.
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A UK Business View Of COVID-19's Economic Fallout
Covington attorneys Alex Leitch and Harry Denlegh-Maxwell provide a bird's-eye view of how U.K. businesses will navigate the legal and economic aftermath of the pandemic, including discussion of where litigation funding, class actions, insurance disputes and force majeure fit it.
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Remote Depositions Bring Ethics Considerations For Lawyers
Utilizing virtual litigation technologies and participating in remote depositions require attorneys to beware of inadvertently violating their ethical obligations, including the principal duty to provide competent representation, say attorneys at Troutman Sanders.