Insurance UK

  • October 03, 2025

    Pension Surplus Exceeds £55B At Top 100 UK Firms

    The funding surplus of pension plans among the top 100 businesses in Britain has exceeded £55 billion ($74 billion), Lane Clark & Peacock LLP has said, marking a shift in conversation from funding to "delivering value."

  • October 03, 2025

    Denmark Denied Permission To Appeal £1.4B Cum-Ex Defeat

    Denmark cannot revive its £1.4 billion ($1.9 billion) against scores of traders and financial institutions over a cum-ex tax fraud it said was orchestrated by convicted hedge fund trader Sanjay Shah.

  • October 03, 2025

    UK, Europe Pension Plans Urged To Look At VC Investment

    British and European pensions must move beyond preparation to active participation with venture capital investment that could "unleash" significant growth across the bloc, new analysis by a research group for the sector shows.

  • October 02, 2025

    McLaren Claims Driver's Exit Cost Millions In Sponsorships

    Former McLaren driver Álex Palou cost the British motor racing group millions when he walked away from his contract, depriving the team of a "generational talent," company lawyers argued at the opening of a $21 million trial Thursday.

  • October 02, 2025

    Groups Want Treasury Flexibility On Overseas Equivalence

    U.K. and European financial services trade bodies have asked HM Treasury to take a flexible approach in recognizing overseas regimes as effectively "equivalent" to allow overseas firms access to U.K. customers, with a year's notice of withdrawal.

  • October 02, 2025

    Broker Partnership Co. Invests In Drone Insurance Specialist

    Investment vehicle Minority Broker Partnerships has said it will plug a "significant capital injection" into drone insurance specialist Moonrock Insurance.

  • October 02, 2025

    Pension Review Should Tackle Triple Lock, Actuary Body Says

    A government-led pensions review should have a free hand to reassess the triple lock, a trade body said, amid fears the policy will cost the state around £15.5 billion ($20.8 billion) a year by 2030.

  • October 02, 2025

    Pension Savers Regret Prebudget Kneejerk Decisions

    More than a quarter of Britons regret withdrawing a lump sum from their pensions, a wealth adviser said, amid fears that tax jitters over the budget could lead to savers making poor decisions on their finances.

  • October 02, 2025

    L&G Breaks Industry Record, Tops £200B In Pension Assets

    Legal & General Group PLC has said that its total defined contribution assets under management now top £200 billion ($270 billion) in what it called a first for the pensions industry.

  • October 02, 2025

    Denmark Loses £1.4B Cum-Ex Fraud Case Against UK Trader

    Denmark lost on Thursday its £1.4 billion ($1.9 billion) legal claim against scores of traders and financial institutions over a cum-ex tax fraud it said was orchestrated by convicted hedge fund trader Sanjay Shah.

  • October 02, 2025

    FCA's Crypto Rules Risk Abuse Without Tailored Safeguards

    The proposed U.K. crypto-asset regime risks abuse because it tries to clamp traditional finance rules on to a digital asset class, leaving gaps which expose unwary investors to criminals unless new safeguards are added, legal experts have warned.

  • October 01, 2025

    Chubb Can't Yet Arbitrate La. Casino Owner's COVID Losses

    A Louisiana federal court has temporarily barred a Bermuda-based Chubb unit from pursuing arbitration proceedings in England in a dispute with a hospitality and entertainment company over coverage for pandemic-related losses at its U.S. properties.

  • October 01, 2025

    Yorkshire Broker Continues UK Expansion With Three Buys

    JMG Group Investments Ltd. has bought three insurance brokers in Birmingham, Edinburgh and the Lake District, marking further expansion for the company in the U.K.

  • October 01, 2025

    FCA Gives Chancellor 4-Point Plan For Consumer Duty

    The Financial Conduct Authority has given the chancellor of the exchequer a four-part plan to change the Consumer Duty, with additional legislative steps for the Treasury to take, setting out its proposals in a letter published Wednesday.

  • October 01, 2025

    UK Seeks To Recoup Money From Judges' Pensions Errors

    The government has proposed new rules that will allow it to bill members of the judiciary in England and Wales for pension contributions that it failed to collect through administrative errors.

  • October 01, 2025

    Ireland's Central Bank Warns Insurers On AI Governance

    The Central Bank of Ireland has said that it will investigate whether insurers in the republic have sufficient guardrails against the unethical use of new artificial intelligence technology.

  • October 01, 2025

    FRC Eyes Public, Accelerated Action For Audit Breaches

    The accounting watchdog set out proposals on Wednesday to enhance its enforcement approach, introducing new options for more targeted and faster action against auditors that break the rules, including publication of cases it has pursued.

  • October 01, 2025

    Geopolitical Risk A Top Concern For Business, Aon Says

    Geopolitical volatility has risen to be among the top concerns for business decision-makers, Aon said Wednesday, marking what it called a "new reality."

  • September 30, 2025

    FCA Warned On Targeted Support Signpost Proposals

    The Financial Conduct Authority should not force businesses to flag "targeted support" to consumers from March before the regime is widely available, Aegon warned on Tuesday.

  • September 30, 2025

    Union Pushes Gov't To Inflation-Proof Pensions Amid Surplus

    The U.K. government must tap in to £14.1 billion ($19 billion) of surplus funds held by the pension lifeboat scheme to boost the retirement benefits of pensioners denied inflation-linked raises, one of the largest U.K. unions warned.

  • September 30, 2025

    FRC Finds Multiple Financial Reporting Failings In Review

    The U.K. accounting watchdog said in its annual review published Tuesday that it has uncovered a slew of inaccuracies, omissions and compliance failings in financial statements prepared by companies for the year to March 2025.

  • September 30, 2025

    UK Space Agency Backs Insurance Broker Eco-Monitoring

    The U.K. government's space agency has backed an insurance-led project to use satellites to monitor biodiversity risk, as the sector beefs up its response to climate-reporting regulation.

  • September 30, 2025

    Ageas Gets Digital Boost As It Completes £1.3B Acquisition

    The insurance giant Ageas said Tuesday it has completed its acquisition of Esure Group PLC in a "milestone" transaction worth £1.295 billion ($1.74 billion) that it believes will boost its tech efficiency.

  • September 30, 2025

    6 In 10 SMEs Hit By Cyberattack In 2025, Hiscox Says

    Some 59% of small and midsized enterprises have said they experienced a cyberattack in the last year, Hiscox said Tuesday, highlighting the evolving threat posed by criminals adapting to new technologies to exploit businesses. 

  • September 30, 2025

    Kirkland Leads Oaktree's $420M Buy Of Ambac's Legacy Units

    Oaktree Capital Management LP has bought Ambac's legacy financial guarantee businesses for $420 million in cash, the insurance company has said, after the deal won backing from the regulator for the sector in Wisconsin.

Expert Analysis

  • 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.

  • Unpacking The Building Safety Act's Industry Overhaul

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    Recent updates to the Building Safety Act introduce a new principal designer role and longer limitation periods for defects claims, ushering in new compliance challenges for construction industry stakeholders to navigate, as well as a need to affirm that their insurance arrangements provide adequate protection, say Zoe Eastell and Zack Gould-Wilson at RPC.

  • A Rare Look At Judicial Interpretation Of LEG Exclusions

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    A Florida federal court’s order last month in Archer Western-De Moya v. Ace American Insurance and an earlier decision from a D.C. federal court offer insight into how courts may interpret defects exclusion clauses developed by the London Engineering Group — filling a void in case law in the area, says Jonathan Bruce at Holman Fenwick.

  • Ruling In FCA Case Offers Tips On Flexible Work Requests

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    In Wilson v. Financial Conduct Authority, the Employment Tribunal recently found that the regulator's rejection of a remote work request was justified, highlighting for employers factors that affect flexible work request outcomes, while emphasizing that individual inquiries should be considered on the specific facts, say Frances Rollin, Ella Tunnell and Kerry Garcia at Stevens & Bolton.

  • Breaking Down The New UK Pension Funding Regs

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    Recently published U.K. pension regulations, proposing major changes to funding and investing in defined benefit pension schemes, raise implementation considerations for trustees, including the importance of the employer covenant, say Charles Magoffin and Elizabeth Bullock at Freshfields.

  • Decoding UK Case Law On Anti-Suit Injunctions

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    The English High Court's forthcoming decision on an anti-suit injunction filed in Augusta Energy v. Top Oil last month will provide useful guidance on application grounds for practitioners, but, pending that ruling, other recent decisions offer key considerations when making or resisting claims when there is an exclusive jurisdiction clause in the contract, says Abigail Healey at Quillon Law.

  • Cayman Islands Off AML Risk Lists, Signaling Robust Controls

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    As a world-leading jurisdiction for securitization special purpose entities, the removal of the Cayman Islands from increased anti-money laundering monitoring lists is a significant milestone that will benefit new and existing financial services customers conducting business in the territory, say lawyers at Walkers Global.

  • How Decision On A Key Definition Affects SMEs

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    The Financial Conduct Authority's decision not to extend the definition of small and midsized enterprises may benefit banks and finance providers in the current high interest rate environment and where SMEs in certain sectors may be under financial pressure in light of the cost-of-living crisis in order to streamline it, says Rachael Healey at RPC.

  • Employers Can 'Waive' Goodbye To Unknown Future Claims

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    The Scottish Court of Session's recent decision in Bathgate v. Technip Singapore, holding that unknown future claims in a qualifying settlement agreement can be waived, offers employers the possibility of achieving a clean break when terminating employees and provides practitioners with much-needed guidance on how future cases might be dealt with in court, says Natasha Nichols at Farrer & Co.

  • Acquisition Of AI Tech Poses Challenges For Media Industry

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    The artificial intelligence regulatory landscape is changing quickly, and media and entertainment companies planning to acquire AI technology through a merger, acquisition or licensing deal should be mindful of potential new compliance requirements and AI-specific insurance products, say lawyers at Covington.

  • 3 Financial Services Hot Topics To Watch In 2024

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    Technology, ESG and private markets are set to have the greatest impact on financial markets in 2024, as firms grapple with increasing regulatory change and a shifting political backdrop on both sides of the Atlantic, says Matthew Allen at Eversheds Sutherland.

  • Misleading Airline Ads Offer Lessons To Avoid Greenwashing

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    Following the Advertising Standards Authority's recent decision that three airlines' adverts misled customers about their environmental impact, companies should ensure that their green claims comply with legal standards to avoid risking reputational damage, which could have financial repercussions, say Elaina Bailes and Olivia Shaw at Stewarts.

  • CMA Guidance Can Help Businesses Act On Climate Change

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    Guidance recently published by the Competition and Markets Authority, which explains how competition law applies to sustainability and climate change agreements, provides clarity for businesses seeking to collaborate and emphasizes the regulator’s open-door policy, says Andrew Maxwell at Freeths.

  • An Overview Of UK Short Selling Regulation Reforms

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    The steps taken by the U.K. government to reform the short selling regime show a thoughtful and considered approach and a willingness to listen to industry feedback in adapting the legacy EU regime to the realities of the U.K. markets, say Anna Maleva-Otto and Matthew Dow at Schulte Roth.

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