Try our Advanced Search for more refined results
Insurance UK
-
April 23, 2025
Childcare Act Expansion Could Boost Pension Pots By £1.2B
More parents reentering the workforce because of expanded childcare provisions in the U.K. could increase the retirement pots of savers by £1.2 billion ($1.6 billion), a pension provider said Wednesday.
-
April 23, 2025
Gov't Insurance Tax Revenue Rises To £8.9B In 12 Months
The U.K. government earned a record £8.9 billion ($11.8 billion) through taxing insurance premiums in the financial year to April, official figures revealed on Wednesday.
-
April 22, 2025
Gov't Delays Police Disability Benefit Reform
The Home Office said Tuesday that it will not introduce immediate reforms to benefits available to police officers who are injured in the line of duty, despite concerns that current rules might put officers with mental health conditions at a disadvantage.
-
April 22, 2025
Sidley Steers Admiral's Sale Of US Insurance Biz
Admiral Group PLC said Tuesday it has agreed to sell its U.S. motor insurance business to private investment firm J.C. Flowers & Co. for an undisclosed cash amount.
-
April 22, 2025
Pensions Bill For UK Businesses Shrinks Over 5 Years
The amount that businesses have had to plow into distressed pension funds has shrunk over the past five years because of rapid improvements in funding, a consultancy said Tuesday.
-
April 22, 2025
Aviva Study Reveals 'Concerning Gap' In Pensions Knowledge
Only a third of savers in the U.K. can correctly identify a defined benefit or defined contribution pension plan, according to a study published by Aviva on Tuesday.
-
April 22, 2025
Tariff Wars Cloud UK Plan To Harness Pensions For Growth
The U.K. government has laid out plans for Britain's £3 trillion ($4 trillion) pensions sector to unleash more retirement assets into the real economy to boost growth and jobs — but a series of market shocks from proposed global trade tariffs have overshadowed reform plans.
-
April 22, 2025
Helvetia, Baloise Merge To Form 2nd-Largest Swiss Insurer
Swiss insurers Helvetia and Baloise said on Tuesday that they plan to merge in a move to create the second-largest insurance group in Switzerland, taking approximately 20% of the domestic market.
-
April 17, 2025
UK Litigation Roundup: Here's What You Missed In London
The past week in London has seen the producers of West End show "Elf the Musical" face a contract dispute, Korean biotech company ToolGen Inc. bring a fresh patents claim against pharma giant Vertex, and ousted car tycoon Peter Waddell bring a claim against the private equity firm that backed his business. Here, Law360 looks at these and other new claims in the U.K.
-
April 17, 2025
Insurance Regulators Urged To Address Climate Change Risks
Insurance regulators must strengthen their understanding of the threats posed by climate change and better consider how those risks will shape the stability of the sector, a group of international regulators said in a report.
-
April 17, 2025
BoE Insurance Reforms Could Harm Pension Deal Prices
New freedoms that would allow insurers to invest more easily in a wider range of instruments could lead to reduced pricing for pension funds approaching the bulk purchase annuity market, a broker has said.
-
April 17, 2025
Insurer Markel Buys Marine Specialist Underwriter Meco
Insurance company Markel has said it has penned a deal to buy The Meco Group, a specialist marine managing general agent, as it seeks to boost its range of services
-
April 17, 2025
SFO Charges UK Insurance Broker With Bribery In Ecuador
The Serious Fraud Office said Thursday it has charged a Lloyd's of London broker with bribery, alleging that it failed to prevent a U.S.-based intermediary from making corrupt payments in Ecuador in order to secure contracts worth $38 million.
-
April 23, 2025
Paul Weiss Adds 1st UK Fund Finance Pro From Proskauer
Paul Weiss said Wednesday that it has hired its first fund finance partner in London from Proskauer Rose LLP as it looks to better cater to the financing needs of clients in Europe and further afield internationally.
-
April 16, 2025
FCA Proposes Data Reporting Cuts For 16,000 Firms
The Financial Conduct Authority proposed Wednesday to remove unnecessary data reporting for firms, in an effort to support U.K. economic growth.
-
April 16, 2025
NHS Practice Manager Gets 7-Year Ban For Pension Failings
A former practice manager at an NHS surgery who did not pay more than £75,000 ($99,330) into the pension funds of staff has been banned from starting a new company for seven years over the failings, a government agency has said.
-
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.
Expert Analysis
-
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.
-
FCA Doubles Down On New Priorities With Target ID Plan
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
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
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
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
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
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
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
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
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
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
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
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
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
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.