Insurance UK

  • July 25, 2025

    Gov't Warned That Pension Bill Excludes Investment Cos.

    A trade body for investment companies said Friday it had urged the government to amend the Pension Schemes Bill so that its power to require pensions to invest in private assets will allow this through investment companies.

  • July 25, 2025

    AXA Wins £675M Missold PPI Payout Fight With Santander

    AXA has won a £675 million ($907 million) battle with Santander to recover payouts for wrongly sold payment protection insurance as a London court ruled that the Spanish banking giant was liable for "systemic failings" in historical sales of the policy.

  • July 25, 2025

    MoD Official Named As New Companies House CEO

    Senior Ministry of Defence official Andy King has been appointed as chief executive of Britain's official business registrar as it seeks to toughen its stance on financial crime.

  • July 24, 2025

    Munich Re Can't Nix Private Equity Firm's $491M IPO Claim

    Munich Re Group failed Thursday to get a private equity firm's claim of approximately $491 million struck out, after a court found that it couldn't rule out the possibility that the German reinsurer had breached an agreement over the public listing of a U.S. company.

  • July 24, 2025

    Audit Watchdog Imposed £14.5M In Fines Last Year

    Britain's audit watchdog said Thursday it levied £14.5 million ($19.6 million) in fines across a 12-month period ending in March that also saw it wrap the majority of its investigations in a more timely way than ever before.

  • July 31, 2025

    DWF Hires 4 More From Kennedys To Boost Injury Practice

    DWF LLP said Thursday that it has recruited four partners from Kennedys Law LLP to bolster its major injury and casualty practice, the latest in a series of hires from the rival insurance specialist.

  • July 24, 2025

    Ireland Revamps Sweeping Insurance Reform Plan

    Ireland said Thursday that it would seek to further reform how personal injury claims are handled, as it unveiled an action plan to tackle the spiraling cost of insurance.

  • July 24, 2025

    CMS, Sackers Guide £40M Pension Deal For Engineering Body

    Pension Insurance Corp. said Thursday that it has completed a £40 million ($54 million) buy-in transaction to acquire the pensions of 200 members of the Mechanical Engineers Pension Scheme in a deal guided by CMS Cameron McKenna Nabarro Olswang LLP and Sackers.

  • July 24, 2025

    BoE Speeds Up Insurance Vehicle Approvals To Boost Growth

    The Bank of England put into force Thursday rules speeding up authorizations for a type of insurer known as special purpose vehicles, slashing related compulsory senior manager applications with immediate effect to boost U.K. growth.

  • July 24, 2025

    SFO Charges 6 With Fraud Over £75M Pension Investments

    The Serious Fraud Office charged six individuals with fraud and money laundering on Thursday over alleged misrepresentations made to investors who poured £75 million ($101 million) from their pensions into self-storage units.

  • July 24, 2025

    Lloyd's Grants Provisional Approval For South African Insurer

    Specialist insurance market Lloyd's of London has granted "in principle" the go-ahead for Santam to launch a syndicate in London, a move the South African company said will fast-track its international growth.

  • July 24, 2025

    Chesnara Raises £140M To Fund HSBC Life Buy

    British pensions company Chesnara PLC said Thursday that it has raised approximately £140 million ($190 million) to partly fund the £260 million acquisition of the specialist life protection and investment bond provider of banking giant HSBC.

  • July 24, 2025

    Pinsent Masons Guides £11M DAC Beachcroft Pension Deal

    DAC Beachcroft LLP's pension plan has agreed to an £11 million ($14.9 million) full scheme buy-in with insurance giant Aviva PLC, consultancy Broadstone said Thursday.

  • July 24, 2025

    Gov't Warned Over Risks From Captive Insurance Reform

    A light-touch capital regime for U.K. businesses that want to insure themselves could pose new systemic risks to the economy, a credit ratings agency has warned.

  • July 24, 2025

    Brown & Brown To Buy UK Racehorse Insurance Broker

    The European subsidiary of insurance broker Brown & Brown Inc. has agreed to acquire Weatherbys Hamilton LLP, a specialist U.K. broker that offers cover for farms, estates and racehorses.

  • July 23, 2025

    MPs Call For Gov't Strategy To Fix 'Pensioner Poverty'

    A committee of lawmakers called on the government on Thursday to make it easier for people in retirement to claim benefits as the number of older citizens slipping into poverty continues to climb.

  • July 23, 2025

    Fund Managers Ask EU Watchdog To Simplify Investing Rules

    A trade body for European fund managers has urged the EU's financial markets regulator to streamline the "complex and time‑consuming" retail investment process, eliminating burdens that prevent savers from making better investments.

  • July 23, 2025

    Insurance Actuaries Told To Review Modeling Assumptions

    Insurance actuaries should review their modeling assumptions to factor in falling prices, among a range of changing market conditions Lane Clark & Peacock LLP flagged as significant going into 2026.

  • July 23, 2025

    Insurer CPP Group To Sell India Biz For Up To $21M

    U.K. insurance products provider CPP Group PLC said Wednesday it has agreed to sell its Indian unit to two local buyers for up to $21 million to exit the "increasingly constrained" business and focus on its new technology platform.

  • July 23, 2025

    FCA Criticizes Firms For Slow Fixes To Reporting Failures

    The Financial Conduct Authority warned regulated companies on Wednesday that it has found deficiencies in transaction reporting, with some taking too long to address compliance failings.

  • July 23, 2025

    Aviva Study Identifies Gender Gap In UK Pension Engagement

    Insurance giant Aviva said Wednesday that men are more likely than women to see themselves as the pension planner in their household.

  • July 22, 2025

    Racecourses Lose Early Fight In £80M COVID Cover Battle

    A racecourse business shuttered during the COVID-19 pandemic on Tuesday lost its case that £2.5 million ($3.4 million) insurance limits applied to every canceled race, with a London court ruling that each event was not a separate point of loss.

  • July 22, 2025

    JMW Guides £4M Pension Deal For Church Scheme

    Pension insurer Just Group has taken on £4 million ($5.4 million) worth of retirement savings liabilities from a scheme linked to a Christian church, in a deal put together by pensions consultancy K3 Advisory and guided by law firm JMW Solicitors.

  • July 22, 2025

    BoE Chief Vows To Speak Up If Deregulation Goes Too Far

    Andrew Bailey told a cross-party group of lawmakers Tuesday that he would speak out if the Treasury tries too hard to deregulate the financial services industry, adding that bank ring-fencing must remain in place.

  • July 22, 2025

    Atradius Syndicate Gets 'In Principle' OK For Lloyd's Launch

    Specialist insurance market Lloyd's of London has "in principle" given the green light for the operation of the Atradius Syndicate 1864, a new underwriting platform of the credit insurer.

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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