Insurance UK

  • 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.

  • September 09, 2025

    Lloyd's Greenlights New Syndicate For Reinsurer Ariel Re

    Lloyd's of London has given the nod for reinsurer Ariel Re to establish a second syndicate, the company said Tuesday, with plans to start writing business from the end of the year.

  • September 08, 2025

    FCA Unit Tells Legal, Accountancy Bodies To Improve SARs

    The anti-money laundering unit of the Financial Conduct Authority told legal and accountancy supervisory bodies on Monday that suspicious activity reports they submit could be improved by setting out an action plan.

  • September 08, 2025

    Insurers Say EU Solvency Reforms Will Not Boost Competition

    The European Commission's draft technical amendments to the prudential regime for insurance and reinsurance companies across the bloc will not make the region more competitive, a trade body has said.

  • September 08, 2025

    UK Pension Surplus Grows To £223B As New Regs Loom

    Pension plans now have £223 billion ($302 billion) in funding above what they need to pay benefits to members, a consultancy said Monday, as lawmakers weigh reforms that will allow businesses to tap into surpluses.

  • September 08, 2025

    Gov't Consults On Merging Payments Watchdog With FCA

    The government released detailed plans on Monday for folding the Payment Systems Regulator into the Financial Conduct Authority, a move that would simplify the rules for payment systems and companies.

  • September 08, 2025

    AI Crucial To Navigate Shift In Insurance Risks, Swiss Re Says

    Artificial intelligence will be a "game changer" for the reinsurance industry as it navigates an increasingly turbulent geopolitical landscape, Swiss Re said in a report Monday.

  • September 08, 2025

    Ship Insurers Urged To Press On Sexual Assault Safeguards

    Marine insurers must play a role in eradicating sexual harassment of female seafarers, a trade body said Monday, warning that a quarter of women employed in the sector have experienced assault.

  • September 05, 2025

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

    This past week in London has seen professional boxing promoter Boxxer take action against the former head of boxing at Matchroom Sport, Aegis Motor Insurance and Chubb European Group clash over a reinsurance claim, and a transgender pool player sue the English Blackball Pool Federation over its decision to ban her competing in women's teams and tournaments. 

  • September 05, 2025

    Consultant Solicitor To Face Tribunal Over Misconduct Claims

    A consultant lawyer has been referred to a disciplinary tribunal after he allegedly attempted to mislead third parties about a client's immigration status, the Solicitors Regulation Authority has said.

  • September 05, 2025

    Ex-Insurance CEO To Pay £5M For Pocketing Business Loan

    A London court on Friday found the former chief executive of a defunct Liechtenstein insurer liable to pay back £4.96 million ($6.7 million) after pocketing a loan from the company for no legitimate business purpose.

  • September 05, 2025

    Retirement Confidence Rises, But Isn't Shared Equally

    More workers in the U.K. are confident of retiring comfortably than before, with men and young employees showing strong optimism compared with women and other age groups, according to research by pensions provider Aegon.

  • September 05, 2025

    AXA Settles Shipping Repair Co.'s £950K Fire Damage Claim

    A ship repair and maintenance company has settled its £950,000 ($1.3 million) claim against insurer AXA's U.K. business, according to a newly public order by a London judge.

  • September 05, 2025

    EU Watchdog Urged To Clarify Derivatives Clearing Rules

    Representatives of the fund management and derivatives industries have urged European regulators and lawmakers to clarify technical planned rules for companies that clear derivatives under a regime known as European Market Infrastructure Regulation 3.

  • September 05, 2025

    SPB Steering Multiemployer Collective Pension Plan Launch

    Squire Patton Boggs has said it is advising TPT Retirement Solutions as the company plans to launch what is expected to be the U.K.'s first multiemployer collective defined contribution scheme.

Expert Analysis

  • Mandatory Mediation May Lie Ahead For England And Wales

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    The U.K. Court of Appeals' decision in Lomax v. Lomax, among other recent developments, show significant judicial support for compulsory mediation of appropriate civil and commercial cases in England and Wales, say Margarita Michael and Grace Spurgeon of O'Melveny.

  • Key Risks And Developments For UK Law Firm Culture In 2020

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    In 2020, law firms throughout the U.K. will be increasingly reshaped by rapid changes in societal expectations and advances in technology, say Helen Rowlands and Niya Phiri of Clyde & Co.

  • Cos. Can Start Preparing Now For Immigration Beyond Brexit

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    Ahead of the U.K.'s likely departure from the European Union on Jan. 31, 2020, companies should use the one-year transition period to help workers understand any new registration requirements, evaluate budgetary concerns and expedite any employee relocations, say Julia Onslow-Cole and Charlotte Wills at Fragomen.

  • #MeToo Pressure On UK Businesses Is Set To Rise

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    Recent declarations by the Financial Conduct Authority and Prudential Regulation Authority indicate that sexual harassment in the U.K.'s financial services industry may lead to consequences under the newly expanded Senior Managers and Certification Regime, and other sectors are facing growing scrutiny as well, say attorneys at Covington.

  • Opinion

    UK's Insurer Investigations May Not Help Policyholders

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    The U.K. Ministry of Justice's recent investigations into insurers suspected of not passing on savings to consumers suggests insurers may see consequences for their hollow promises, but only if the government follows through to hold insurers accountable, says Tom Jones of Thompsons Solicitors.

  • The Outlook For Autonomous Vehicles In The UK And US

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    As both the U.K. and U.S. governments continue to develop regulatory frameworks for autonomous vehicles, manufacturers can take certain steps to avoid litigation and manage risk, say attorneys at FaegreBD.

  • Brexit's Impact On London As A Top Int'l Arbitration Seat

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    Despite concerns that London may be considered a less attractive place to do business post-Brexit, there are many reasons to believe that the city will retain its position as a globally favored arbitral seat, say Adrian Jones and James Wagner at FaegreBD.

  • Post-Brexit UK Likely To Conform With EU On Human Rights

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    In a recent speech, U.K. Foreign Secretary Dominic Raab stated his intent to expand sanctions for human rights violations by extending the so-called Magnitsky amendment, strongly indicating that Britain's exit from the EU would be unlikely to disrupt coordinated efforts to address international transgressions against human rights, says Stephen Baker at Baker & Partners.

  • The Evolution Of GDPR Enforcement Across The EU

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    With the last few months bringing significant fines to major businesses that have breached the European Union's General Data Protection Regulation, it is clear that regulators are moving away from the light-touch approach they employed during the transition to the new rules, says James Simpson of Blaser Mills.

  • Series

    Why I Became A Lawyer: Being There For Families In Trouble

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    My parents' contentious, drawn-out divorce was one of the worst experiences of my life. But it taught me how to be resilient — and ultimately led me to leave corporate litigation for a career in family law, helping other families during their own difficult times, says Sheryl Seiden of Seiden Family Law.

  • 3 Ways To Leverage Vulnerability For Lawyer Well-Being

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    Admitting to imperfection is an elusive construct in the legal industry, but addressing this roadblock by capitalizing on vulnerabilities can increase personal and professional power, says life coach and attorney Julie Krolczyk.

  • Zurich Case Brings Clarity To Complex Contempt Proceedings

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    The U.K. Court of Appeal's recent decision in Zurich v. Romaine provides insight into the meaning of "in the public interest" in the context of bringing contempt proceedings against a party or witness who verifies false claims, says Matt Peacock of Signature Litigation.

  • What A No-Deal Brexit Would Mean For Dispute Resolution

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    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.

  • The Problem — And Opportunity — Of Implicit Bias In The Bar

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    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.

  • Roundup

    Pursuing Wellness

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    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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