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Insurance UK
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October 09, 2025
Dutch Gov't Summons Fund Suspected Of €200M Tax Evasion
Dutch prosecutors have summoned a foreign pension fund that they suspect evaded €200 million ($231 million) in taxes on dividends through fraudulent refund claims, the government said Thursday.
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October 09, 2025
FCA Defends Record In Face Of Insurance 'Super Complaint'
The Financial Conduct Authority on Thursday shrugged off accusations it hasn't been tough enough on the insurance industry, as it prepares to draw up a formal response to a landmark consumer protection complaint.
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October 09, 2025
TPT Retirement Solutions To Launch New Pension Superfund
TPT Retirement Solutions said on Thursday that it intends to launch a new defined benefit superfund, claiming it has secured enough capital for its first deals worth £1 billion ($1.34 billion) in the fledgling sector.
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October 09, 2025
Arc Guides Healthcare Co. On £4M L&G Pension Deal
Pre-hospital emergency care company Ferno Group has offloaded £4 million ($5.4 million) of retirement savings liabilities to Legal & General Assurance Society Ltd., in a deal guided by Arc Pensions Law which was revealed on Thursday.
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October 08, 2025
Senior Managers At Risk In FCA's £8B Motor Finance Plan
The Financial Conduct Authority's proposed £8.2 billion ($11 billion) car finance redress scheme would force senior managers of lenders to put their heads on the block by attesting that they have adequate systems to identify customers for compensation, with wrong decisions risking enforcement action by the regulator, lawyers have warned.
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October 08, 2025
Insurance Brokers Could Face FCA Scrutiny Over Commissions
Insurance brokers could be next to come under the regulator's microscope over how commission arrangements are structured, an expert has warned.
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October 08, 2025
Aegon Backs Financial Ombudsman Redress Reform
Aegon said Wednesday it "broadly" supports HM Treasury's proposed overhaul of the Financial Ombudsman Service, adding that reforms — if "carefully" implemented — could bring much-needed clarity and consistency to rulings on complaints in the U.K.
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October 08, 2025
Tech Firm Settles Sale Dispute Over Undisclosed Legal Battles
A cloud technology business has settled its claim that it lost more than £2 million ($2.7 million) buying a telecommunications company after the sellers allegedly failed to disclose legal disputes between clients and a subsidiary which devalued company shares.
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October 08, 2025
Brown & Brown Expands UK Reach With Medical Broker Buy
The European arm of Brown & Brown Inc. has bought British medical insurance broker All Medical Professionals Ltd. — its latest in a line of acquisitions of a U.K. insurer.
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October 08, 2025
Employment Judges Seek Input On Pension Loss Rules
A working group of British employment judges is reviewing the framework for how compensation for losses to pensions in a dispute is calculated in the U.K.
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October 07, 2025
FCA Says Lenders Will Pay Out £8B For Motor Finance Scandal
The Financial Conduct Authority released a proposed industry-wide program under consultation on Tuesday to compensate motor finance customers treated unfairly between 2007 and 2024, which it estimates will pay out £8.2 billion ($11 billion) in redress.
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October 07, 2025
AIG Denies Liability In £176K Solicitors' Negligence Claim
The U.K. arm of AIG has said it does not owe a retired teacher £176,000 ($237,000) to cover the alleged professional negligence of his insolvent solicitors in a row over an historic clinical negligence claim the insurer argued was "doomed to fail."
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October 07, 2025
EU Financial Firms Call For More Competitive Share Clearing
Europe's cash equities clearing system is ripe for further reform even as the region gears up for faster settlement cycles and greater capital-market integration, the trade body for financial institutions in the region warned on Tuesday.
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October 07, 2025
FCA Urged To Investigate 'Hollowed Out' Pet Insurance
The Financial Conduct Authority must expand the scope of any investigation into the home and travel insurance market to also encompass potentially deceptive practices employed by pet insurers, a consumer body said.
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October 07, 2025
Insurers Eye 'Forever Chemicals' Exclusions Amid Claims Risk
Insurers have started to introduce policy exclusions for so-called forever chemicals, a trade body said Tuesday, amid concerns the industry could face a wave of class action litigation.
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October 07, 2025
US Consolidator Acquires London-Based Insurance Co.
Bishop Street Underwriters said Tuesday it has bought London-based managing general agent Avid Insurance Services Ltd., marking the American insurance company's second acquisition of a U.K. insurance business in 2025.
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October 07, 2025
BoE Governor Backs Pension Plans To Boost UK Biz Growth
The governor of the Bank of England has said he is a "strong advocate" for plans by the Labour government to direct pension scheme capital toward British business, despite having warned against proposals that would mandate specific investments.
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October 06, 2025
UK Urged To Pause Deletion Of Pension Records Amid Errors
The U.K. government should hold back from deleting state pension records while there is still the possibility that relatives can claim compensation for administrative errors, a former minister warned Tuesday.
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October 06, 2025
Ireland Cuts Insurance Levy, Urges Firms To Pass Savings
The Central Bank of Ireland has cut the compensation charge imposed on insurers and told businesses to "act in the best interests of consumers" by passing on any savings that come from the reduction.
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October 06, 2025
Lloyd's Body Calls For Public-Private Scheme For Cyberattack
The spiraling cost to the economy of cyberattacks means that regulators might need to set up public-private partnerships to close insurance gaps, a trade body for brokers accredited by Lloyd's of London said Monday.
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October 06, 2025
FCA Survey Highlights Firms' Frustration With Data Demands
The Financial Conduct Authority has revealed some rising industry concerns about its performance, including excessive supervisory correspondence and unnecessary data requests, as it published its latest annual Practitioner Panel survey.
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October 06, 2025
Private Equity Deals Fuel Rebound In UK Insurance M&A
Transactions by private equity firms helped deals involving U.K. insurance brokerage or distribution firms achieve a moderate rebound in September, according to new analysis by a financial consultancy.
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October 06, 2025
Watchdog To Issue Guidance on Virgin Media Pensions Ruling
Britain's audit watchdog has said it will issue guidance to help pension plan actuaries confirm historical amendments to retirement savings benefits ahead of forthcoming legislation sparked by a landmark court judgment in 2024.
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October 03, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen billionaire Michael Platt sue his former tax lawyer, five former Deutsche Bank staffers file claims against the German bank and an Italian financier issue a commercial fraud claim against the Vatican and UBS.
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October 03, 2025
Howden Buys Classic Car Insurance Broker In North Wales
Howden said Friday it has bought classic car insurance broker Gott & Wynne Ltd., marking its first regional buy in North Wales.
Expert Analysis
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What A No-Deal Brexit Would Mean For Dispute Resolution
In the event of a no-deal Brexit, arbitration may become a more attractive option as a dispute resolution mechanism, as it offers relatively easy enforcement and clauses that could negate some uncertainty caused by Brexit, says Donna Goldsworthy of BDB Pitmans.
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The Problem — And Opportunity — Of Implicit Bias In The Bar
Law firms are beginning to recognize implicit bias as a problem. But too few recognize that it is also an opportunity to broaden our thinking and become better legal problem solvers, says Daniel Karon of Karon LLC.
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Roundup
Pursuing Wellness
In this Expert Analysis series, leaders at some of the law firms that committed to the American Bar Association's 2018 pledge to improve mental health and well-being in the legal industry explain how they put certain elements of the initiative into action.
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Series
Why I Became A Lawyer: Expanding The Meaning Of Diversity
My conservative, Catholic parents never skipped a beat when accepting that I was gay, and encouraged me to follow my dreams wherever they might lead. But I did not expect they would lead to the law, until I met an inspiring college professor, says James Holmes of Clyde & Co.
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2 Perspectives On Navigating The Litigation Funding Process
Paul Martenstyn of Vannin Capital and Daniel Spendlove of Signature Litigation share their top tips on how to get a case funded, drawing from their respective experience as a funder and a lawyer.
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Answers To Key Legal Finance Ethics Questions
While there is discussion in some quarters about new regulations on commercial legal finance, the hands-off approach taken by the majority of courts and legislatures is an implicit recognition that it is already sufficiently regulated, says Danielle Cutrona of Burford Capital.
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Competing Legal Factors Vex Insurance Arbitration Disputes
The Fifth Circuit ruled in May that international arbitration policy trumped state insurance law in McDonnel Group v. Great Lakes Insurance. But the courts have been inconsistent in applying conformity-to-statute clauses, the McCarran-Ferguson Act and a related U.S. treaty in the battle between federal preemption and state reverse preemption, says Gilbert Samberg at Mintz.
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Cannabis Investors Should Beware Money Laundering Risk
Even if marijuana-related businesses are in compliance with local laws, their investors are not free of legal risk so long as cannabis remains a controlled drug in other countries, such as the U.K., say Robert Dalling and Wade Thomson of Jenner & Block.
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Real-Life Lessons For Lawyers From 'Game Of Thrones'
What lessons can the various hands, maesters, council members and other advisers in "Game of Thrones" impart to real-life lawyers? Quite a few, if we assume that the Model Rules of Professional Conduct were adopted by the Seven Kingdoms, says Edward Reich of Dentons.
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UK Firms Should Be Prepared For Government Raids
Recent enforcement activity from the Financial Conduct Authority and other regulators highlight the penalties firms face for procedural breaches, and the value in ensuring that employees are well-equipped to handle unannounced inspections, say James Marshall and Sonja Hainsworth of Bryan Cave.
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Series
Why I Became A Lawyer: Completing The Journey Home
My mother's connection to her Native American heritage had a major influence on my career — my decision to enter the legal profession was driven by the desire to return to my tribal community and help it in any way I could, says Jason Hauter of Akin Gump.
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3 Insurance Issues Raised By The Notre Dame Cathedral Fire
The devastating Notre Dame Cathedral fire provides a rare opportunity to consider the many unique factors that owners and insurers must consider when insuring national treasures, say attorneys at Zelle.
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Where The Post-Libor Litigation Tsunami Will Hit
The permanent cessation of the Libor rate in 2021 will likely trigger a flood of litigation over many existing contracts that lack effective replacements. Marc Gottridge of Hogan Lovells identifies the types of products that may be most susceptible to disputes.
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Despite Decline In Cyberattacks, UK Cos. Should Stay Vigilant
The U.K. Department for Digital, Culture, Media and Sport's latest cybersecurity survey shows that U.K. cyberattacks have decreased in the last 12 months, likely thanks in part to the General Data Protection Regulation. But companies' cybersecurity efforts should continue to evolve, say experts at PriceWaterhouseCoopers.
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UK Antitrust Watchdog Proposals Would Bolster Enforcement
The U.K. Competition and Markets Authority's proposals for reshaping competition enforcement and consumer protection would shift the historical balance in U.K. competition policy, increasing regulatory burden on companies while weakening judicial scrutiny of CMA actions, says Bill Batchelor of Skadden.