Insurance UK

  • May 06, 2025

    Gallagher Boosts Turkish Operations With Aspera Buy

    U.S. insurance giant Arthur J. Gallagher & Co. said Tuesday that it has acquired boutique Turkish broker Aspera to support its growth plans in the region, which it described as a "strategic insurance hub" between Asia and Europe.

  • May 02, 2025

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

    This past week in London has seen Premier League football club Newcastle United FC sue the owner of the land next to its stadium, Laurence Fox face a defamation claim by TV presented Narinder Kaur and a further sexual assault claim filed against actor Kevin Spacey.

  • May 02, 2025

    FCA Proposes Curb On Purchase Of Crypto-Assets On Credit

    The Financial Conduct Authority proposed on Friday to restrict how far cryptocurrency companies could go in allowing consumers to buy crypto-assets on credit, part of its planned regulatory regime for the sector.

  • May 02, 2025

    US Tariffs Spark Concerns for Unhedged Pension Assets

    European pension funds that have significant unhedged dollar assets could be in trouble, experts warned Friday, as unprecedented market volatility was sparked imposition of U.S. trade tariffs.

  • May 02, 2025

    Draft UK Crypto-Regulations Facing Teething Troubles

    The government's new crypto-assets regime will be unenforceable across borders and could deter fledgling companies from working in the country, meaning that the financial watchdog will face early challenges to its attempts to protect British consumers in a volatile global marketplace.

  • May 02, 2025

    Pension Deal Insurance Capacity Outstrips Demand

    Eight out of 10 pension deals last year involved a scheme with less than £100 million ($133 million) in assets, due to a major increase in insurer capacity, a consultancy said Friday.

  • May 01, 2025

    Regulatory Costs Claim 3.3% Of Insurance Brokers' Revenue

    Insurance brokers in the U.K. pay an average 3.3% of their annual revenue to cover regulatory costs, compared with only 1.9% paid by insurers, according to research published Thursday by consultant London Economics.

  • May 01, 2025

    UK Pension Funds Face Scrutiny Over Investment Plans

    A parliamentary committee will quiz pensions chiefs as part of a wider probe into whether the £3 trillion ($4 trillion) retirement savings sector can invest more in U.K. assets to better support the country's economic growth.

  • May 01, 2025

    Cross-Border Payments Firms Lack Transparency, FCA Says

    Companies offering international money remittance and cross-border payment services often fail to explain their fees clearly and should consider making improvements under the Consumer Duty, the Financial Conduct Authority said Thursday.

  • May 01, 2025

    Insurers Underestimating Climate Change, BoE Warns

    U.K. insurers must do a better job of reflecting the risk of climate change on their balance sheets, the Bank of England has warned.

  • May 01, 2025

    UK Gov't Mulling Major Reform To Pensions Protection Fund

    The government has confirmed that there are still plans to transform the Pension Protection Fund into a public sector consolidator of retirement savings schemes.

  • April 30, 2025

    9M Britons Retire With Meager Private Pensions, Report Says

    Almost 9 million people in the U.K. enter retirement "significantly under-pensioned," with annual private pension incomes of between £3,650 ($4,870) to £6,750, according to a report by the Pensions Policy Institute.

  • April 30, 2025

    FCA Says Meta Slacking In The Removal Of Suspect Ads

    The Financial Conduct Authority named Facebook owner Meta on Wednesday as the biggest laggard among the big tech companies in terms of responding to requests to take down material from "finfluencers" about whom the watchdog had issued warnings.

  • April 30, 2025

    UK Finance Sector Calls For Cuts To Audit Regulation

    A group of finance and corporate trade bodies urged the government on Wednesday to reduce and simplify regulation of auditors to support U.K. growth.

  • April 30, 2025

    BoE Weighs Further Action On Funded Reinsurance

    The Bank of England said Wednesday that it might consider further action on the offshore reinsurance arrangements used by pension insurers as it seeks to minimize risk to the wider U.K. economy.

  • April 30, 2025

    Gov't To Push Through Collective Pension Rules In Autumn

    The U.K. government said it plans to introduce new regulation in the latter half of the year to allow the introduction of new forms of collective pension plans.

  • April 30, 2025

    Clyde & Co. Adds Cross-Border Insurance Pro From Brazil

    Clyde & Co. LLP has hired a corporate insurance expert as a partner in London, as the firm looks to strengthen its access to the "fast-evolving" and complex Latin American market.

  • April 29, 2025

    Solicitor Banned For Misleading Clients Over Failed PI Claims

    A disciplinary panel has struck off a solicitor after he confessed that he told clients that their personal injury claims had succeeded when they had in fact failed.

  • April 29, 2025

    FCA Proposes Live AI Testing Service For Firms

    The City watchdog proposed on Tuesday a testing service for companies as they check the readiness of their new artificial intelligence tools, a program it believes can help it to better understand the impact of the technology on markets.

  • April 29, 2025

    Burness Paull Guides £7.5M Pension Deal For Fuel Biz

    Aviva PLC has bought out £7.5 million ($10 million) of the pension arrangement liabilities of Gleaner Ltd., advisers said Tuesday, in a deal steered by law firm Burness Paull LLP.

  • April 29, 2025

    Pensions Watchdog Issues Covenant Warning Amid Tariffs

    The U.K.'s retirement savings watchdog warned pension schemes on Tuesday to be mindful of the impact of global trade tariffs as it said it had found that more than half have a funding surplus.

  • April 29, 2025

    UK Treasury Appoints 4 New FCA Board Members

    HM Treasury said Tuesday it has appointed four new members to the board of the Financial Conduct Authority.

  • April 29, 2025

    FCA Set To Get Enforcement Boost From New Fraud Offense

    The new "failure to prevent" fraud offense that comes into force in September will indirectly boost the Financial Conduct Authority's opportunities for enforcement against corporate senior managers, countering its recent retreat from plans to "name and shame" companies it is investigating, lawyers say. 

  • April 28, 2025

    Hogan Lovells Leads Royal London's College Pension Buy-In

    The College of Law's retirement scheme has agreed to an £85 million ($114 million) buy-in with Royal London, the U.K.'s largest mutual life, pensions and investment company announced Monday.

  • April 28, 2025

    Watchdog Warns Of Significant Errors In Digital Reporting

    The accounting watchdog warned Monday that some companies listed on the London Stock Exchange are making significant errors in their digital annual reports through incorrect tagging.

Expert Analysis

  • Real-Life Lessons For Lawyers From 'Game Of Thrones'

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    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.

  • UK Firms Should Be Prepared For Government Raids

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    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.

  • Series

    Why I Became A Lawyer: Completing The Journey Home

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    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.

  • 3 Insurance Issues Raised By The Notre Dame Cathedral Fire

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    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.

  • Where The Post-Libor Litigation Tsunami Will Hit

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    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.

  • Despite Decline In Cyberattacks, UK Cos. Should Stay Vigilant

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    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.

  • UK Antitrust Watchdog Proposals Would Bolster Enforcement

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    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.

  • Guest Feature

    Preet Bharara On The Human Factor In The Justice System

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    A key theme in Preet Bharara's new book is the enormous role the human element plays in the administration of justice. The former U.S. attorney for the Southern District of New York discussed this theme, among other topics, in a recent conversation with White and Williams attorney Randy Maniloff.

  • Considering A More Cost-Effective Future For The SFO

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    In light of multiple recent examples of U.K. Serious Fraud Office investigations yielding far less than the agency may have hoped for, a new approach to prosecuting individuals and corporations may be a smart investment, says Azizur Rahman of Rahman Ravelli.

  • Lessons From Carphone Warehouse's Partial FCA Settlement

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    In the first case decided under the U.K. Financial Conduct Authority's new partial settlement process, Carphone Warehouse demonstrates not only the possible value of cooperating with authorities but also the cost of failing to right previous wrongs, says Syedur Rahman of Rahman Ravelli Solicitors.

  • Collective Redress In The EU: Past, Present And Future

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    Legislative processes harmonizing collective redress throughout the European Union have accelerated, leading to a proposed requirement that all member states establish collective action mechanisms, but some worry that the directive lacks sufficient guarantees against abusive litigation, say Philippe Métais and Elodie Valette of White & Case LLP.

  • Lenders Score Major High Court Victory In Foreclosure Case

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    The U.S. Supreme Court's unanimous ruling on Wednesday in Obduskey v. McCarthy & Holthus LLP removes nearly all activities taken by creditors seeking nonjudicial foreclosure of liens and mortgages from the ambit of the Fair Debt Collection Practices Act, says John Baxter of Nelson Mullins Riley & Scarborough LLP.

  • 3 Brexit Scenarios And Their Implications For US-UK Trade

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    Brexit negotiations are likely to result in one of three scenarios later this month: a Brexit deal, no Brexit at all or a "hard" no-deal Brexit. Each possibility will have different implications for the prospects of a U.S.-U.K. free trade agreement, says Dean Pinkert of Hughes Hubbard & Reed LLP.

  • Frustrating Events: Are Your Contracts Brexit-Proof?

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    In Canary Wharf v. European Medicines Agency, the U.K. High Court recently ruled that the U.K.'s withdrawal from the European Union will not discharge the EMA's lease obligations. Following Brexit, most similar arguments invoking force majeure or frustration are unlikely to succeed, say Rebecca Dipple and Wayne Hofer of Orrick Herrington & Sutcliffe LLP.

  • Simple Secrets For Writing A Killer Brief

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    These days, the legal profession offers meager opportunity for oral argument, so we need to focus on being better, brighter, tighter writers. And the key to writing a better brief is grabbing your judge's attention with a persuasive, well-crafted story, says Daniel Karon of Karon LLC.

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