Insurance UK

  • September 15, 2025

    Employers Expect Budget Reform On Pension Salary Sacrifice

    Nine out of 10 U.K. employers expect the government to ditch tax breaks on pension salary-sacrifice arrangements when it unveils its autumn Budget, a survey has found.

  • September 15, 2025

    Watchdog Launches Program To Improve Audit Sector

    Britain's accounting watchdog launched a program on Monday that it said would bring together projects that are designed to drive improvements in the audit sector.

  • September 12, 2025

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen former Master Chef presenter Gregg Wallace sue the BBC, Elon Musk's xAI take legal action against a staff engineer, and fashion mogul Kevin-Gerald Stanford file a fresh claim against Lion Capital-owned Klotho and EY amid a long-running All Saints share acquisition dispute.

  • September 12, 2025

    Ex-AIG IT Pro's Claim Struck Out Over Courtroom Misconduct

    A former AIG software developer on Friday had his whistleblowing claims against the insurer struck out after accusing a judge of perverting the course of justice, eating a meal during a hearing and calling a London tribunal a "circus."

  • September 12, 2025

    Gov't Will Oppose 'Indexation' Changes To UK Pension Bill

    The government has said it will oppose amendments to draft legislation that will mean retirement benefits for older pensioners rise with inflation.

  • September 12, 2025

    Third Point Completes Deal To List Reinsurance Biz On LSE

    Third Point Investors Ltd. said Friday that it has completed a reverse takeover of Malibu Life Reinsurance SPC under which the hedge fund will become a London-listed reinsurance company, despite opposition from a large group of shareholders.

  • September 12, 2025

    Travelers Sued For £5.8M Client Funds Lost In Axiom Collapse

    A property buyer has sued Travelers for a £5.8 million ($7.9 million) insurance payout under its policy with Axiom Ince, telling a London court that the company had misappropriated his payment for an apartment before collapsing into administration.

  • September 12, 2025

    Lloyd's Picks AI-Driven Insurance Startups For Incubator

    Lloyd's of London has picked 12 insurance startups for the next round of its business incubator project, focusing mostly on companies that use new artificial intelligence technology.

  • September 12, 2025

    Squire Patton Leads £23M Welcome Break Pension Deal

    British motorway service station operator Welcome Break Group Ltd. has finalized a £23 million ($31.2 million) full-scheme buy-in of its pension plan with Just Group, the financial services company said Friday.

  • September 12, 2025

    Helvetia, Baloise Win Swiss, EU Approvals For Merger

    Swiss insurers Helvetia and Baloise said Friday that two European regulators have given the thumbs-up for their planned merger, confirming that the deal to create the second-largest insurance group in Switzerland will close in December.

  • September 11, 2025

    FCA Official Outlines Risk-Based Approach To Financial Crime

    Fighting financial crime isn't a barrier to growth but a prerequisite for economic investment, a senior official at the Financial Conduct Authority said on Thursday, as he outlined plans to take a "risk-based" approach to cracking down on fraud.

  • September 11, 2025

    Pensions Managers Urged To Boost Standards For Savers

    Pensions administrators must invest more to modernize their data systems and trustees should play a stronger role in raising standards to help the sector make improvements, the retirement savings watchdog warned on Thursday.

  • September 11, 2025

    Social Mobility Data Needed To Tackle Pensions Skill Shortage

    Recording social mobility data in the financial services sector would broaden talent pools across various companies and address the predicted skills shortage over the next decade, a pensions trade body has said.

  • September 11, 2025

    Watchdog Launches Program To Help Small Audit Firms Grow

    Britain's accounting watchdog initiated a program on Thursday that it said would help small audit businesses to improve their inspections of larger companies, as part of its broader bid to improve variety in the market.

  • September 11, 2025

    Pensions Watchdog Urges Vigilance On 'Impersonation Fraud'

    The retirement savings watchdog has urged pensions chiefs to tighten security amid a rising trend in which scammers attempt to pass themselves off as members of a retirement savings plan.

  • September 11, 2025

    Prudential Must Pay VAT On Investment Firm's Success Fees

    Britain's highest court ruled Thursday that payments of £9.3 million ($12.5 million) made by Prudential to an investment firm are taxable under value-added tax regulations because the liability was incurred when they were not part of the same group for tax purposes.

  • September 10, 2025

    Chubb Says La. Casino Can't Stop English Arbitration Case

    A Chubb unit has asked a Louisiana federal judge to toss a lawsuit by the owners of a casino as they look to halt parallel litigation in England related to arbitration proceedings for a COVID-19 pandemic coverage case, saying a British court order bars the U.S. suit.

  • September 10, 2025

    UK Gov't Rebuffs Lawmaker Calls To Reform Lifetime ISAs

    The government shrugged off calls to reform the rules around Lifetime ISAs on Thursday, despite warnings that millions of Britons may have been wrongly sold the long-term savings product.

  • September 10, 2025

    AIG Sued By Ex-Teacher Over PI Negligence Claim

    A retired teacher has sued the U.K. arm of AIG for £176,000 ($238,000) to cover the alleged professional negligence of his solicitors, which represented him in a dispute linked to an earlier row over clinical negligence and is now insolvent.

  • September 10, 2025

    Pinsent Masons Guides £105M Materials Co. Pension Deal

    ​Legacy pension plans for the industrial materials giant Mativ Holdings Inc.'s U.K. arm have completed two full-scheme buy-ins worth £105 million ($142 million) with Rothesay Life PLC, the insurer has said.

  • September 10, 2025

    Lawmakers Float Plan To End Lifeboat Fund Admin Levy

    The Liberal Democrats said Wednesday that they have backed reform that will see the permanent removal of a controversial levy on pension providers which funds the administrative expenses of the sector's lifeboat program.

  • September 10, 2025

    FCA To Slash Data Reporting For Retail Broker Firms

    The Financial Conduct Authority said Wednesday that it plans to slash some of the quarterly and biannual reports that retail broker companies must submit, a step it estimates can save the sector approximately £1.8 million ($2.4 million) in administrative costs.

  • September 09, 2025

    Insurers Told To Invest In Data To Meet Cyber-Market Demand

    The insurance sector must improve the quality of its data to better understand risks if it is to address the anticipated growth in the cyber-market, Lockton Re has said.

  • September 09, 2025

    Dutch Pension Reform Could Mean Shakeup For Markets

    The sweeping reform of the €2 trillion ($2.3 trillion) Dutch pension sector from next year could have knock-on effects for bond markets and Eurozone banks, a credit rating agency warned Tuesday.

  • September 09, 2025

    Chancellor Warned Against Cutting Pension Tax Relief

    Possible changes to pension tax relief rules that could be announced in the forthcoming autumn budget to raise additional revenue are fraught with risks for Chancellor Rachel Reeves and could break government manifesto commitments, a consultancy has said.

Expert Analysis

  • How Courts Are Encouraging Mediation In England And Wales

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    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.

  • Opinion

    EU Class Action Policy Guided By Wrong Measure Of Success

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    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.

  • An Attractive Regime For Governing Jurisdiction Post-Brexit

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    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.

  • Reinsurance Implications Of COVID-19 Biz Interruption Laws

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    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.

  • UK Appellate Rulings Clarify Arbitral Choice Of Law

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    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.

  • Post-Pandemic Litigation To Expect In England And Wales

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    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.

  • UK Lawyers Can Adapt Due Diligence To Screen New Clients

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    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.

  • A UK Business View Of COVID-19's Economic Fallout

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    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.

  • Remote Depositions Bring Ethics Considerations For Lawyers

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    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.

  • Time For Presumptive Virtual Mediation In The UK

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    While the COVID-19 outbreak is a real-time test of the U.K. justice system’s adaptability and innovation, it is also an opportunity to deliver alternative dispute resolution through virtual technology — and there are two ways in which this could be achieved, says Suzanne Rab at Serle Court.

  • UK 'Property' Classification Boosts Confidence In Bitcoin

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    In AA v. Persons Unknown, the English High Court classified bitcoins as property that can be the subject of proprietary injunctions, indicating the slow but growing acceptance of virtual currencies within the U.K., say Steven De Lara and Colin Grech at Signature Litigation.

  • 3 EU And UK Data Protection Tips During COVID-19

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    Though EU and U.K. data protection laws should not impede the fight against COVID-19, companies must continue to protect individuals' data, and the challenges of managing a remote workforce and the desire for information about the virus’s impact have significant implications for that responsibility, say attorneys at Debevoise.

  • Novolex Case Brings Lessons On R&W Insurance

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    A New York state court dispute between Novolex and a few of its insurers concerning coverage under a representations and warranties policy for a $267 million loss offers a rare glimpse into how a court might interpret acquisition agreements and insurance policy provisions, say attorneys at Hunton.

  • How Proposed EU Class Action Directive Could Affect Insurers

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    Insurers should beware the explosive potential of the EU's proposed directive providing for cross-border class actions and third-party funding for such actions, although it also bears strict requirements that will limit the number of cases, say Emmanuèle Lutfalla and Simon Fitzpatrick at Signature Litigation.

  • COVID-19 Insurance Considerations For UK Cos.

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    Though a new U.K. regulation recently made it easier for businesses to claim losses related to COVID-19, potential points of contention when seeking insurance coverage include whether the government ordered the business to close and whether an outbreak occurred at the premises, say attorneys at Covington.

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