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Insurance UK
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October 15, 2025
Insurance Broker Specialist Risk Adds Rival's Wholesale Team
Specialist Risk Group has boosted its operations in London by acquiring a wholesale team from rival Lockton as the insurance intermediary seeks to strengthen relationships with retail brokers and expand its services.
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October 15, 2025
Capita Fined £14M For Cyber-Failures In Pensions Breach
The data watchdog said on Wednesday that it has fined outsourcing company Capita £14 million ($18.7 million) for failures in holding personal data security during a cyberattack in 2023 in which the information of 6.6 million people was stolen.
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October 14, 2025
FCA Sets Out Digitalization Plans For Asset Managers
The Financial Conduct Authority proposed new rules on Tuesday to help asset managers trade funds as digital assets, with the aim of increasing innovation and global competitiveness.
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October 14, 2025
UK Eyes Widening Access To Local Gov't Pension
Policymakers have proposed widening access to the Local Government Pension Scheme for councilors and mayors in England in a move that would align the country with others in Britain.
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October 14, 2025
Most DB Pension Funds To Shun UK Growth Assets This Year
Pension bosses in the £1.4 trillion ($1.8 trillion) defined benefit pension sector are unlikely to put money into U.K. growth assets over the next year, a survey found Tuesday, despite government efforts to galvanize parts of the industry into domestic investment.
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October 14, 2025
Insurers Likely To Face Up To $600M Bill From First Brands
Trade credit insurers are likely to have to see claims capped at $600 million for the collapse of U.S. auto parts supplier First Brands, a ratings agency said.
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October 14, 2025
Oakley Capital Invests £10M In Health Insurance Provider
Oakley Capital Investments Ltd. said Tuesday its platform is investing in Italian private healthcare insurance provider ONHC. OCI's share of Oakley Capital's investment in ONHC is anticipated to be around £10 million ($13.3 million).
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October 14, 2025
Sharp Rise In 'Nationally Significant' UK Cyberattacks
Britian's cybersecurity agency said Tuesday that it has handled an average of four "nationally significant" cyberattacks every week in the last year, more than double the number in the previous 12 months.
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October 14, 2025
Malibu Life To Buy Texan Life Insurer TruSpire For $45M
Malibu Life Holdings Ltd. said Tuesday that it will buy life and retirement insurance business TruSpire from Mutual of America Life Insurance Co. for $45 million to enter the U.S. direct annuity issuance business.
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October 13, 2025
Pensions Watchdog Warns Small Schemes Over New Law
The U.K.'s pensions watchdog said Monday that smaller schemes aren't doing enough to prepare for new rules requiring them to offer ready-made retirement options to savers.
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October 13, 2025
'Simple' Flood Defence Measures Could Save UK £740M A Year
Simple and affordable flood resilience measures could save the U.K. up to £740 million ($987 million) a year, Britain's government state-backed flood reinsurance program said Monday, calling on insurers and policymakers to work towards better home protection.
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October 13, 2025
FSB Warns G20 Of High-Risk Delays In Financial Reform
The chairman of an international standards setter warned policymakers from the Group of 20 economic forum on Monday that countries are failing to finish financial reforms on time, risking global shocks.
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October 13, 2025
Gov't Will Be Forced To Answer Calls For 'Pension Tax Lock'
The government must now respond formally to calls for a "pension tax lock," an investment manager said Monday, after more than 14,000 people signed a petition to Parliament.
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October 13, 2025
Pensions Body Renews Qualifications To Boost UK Standards
The Pensions Management Institute said on Monday it has revamped its qualifications package to drive up industry standards in what it called an increasingly complex retirement savings landscape.
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October 13, 2025
FCA Working With Global Tech Biz For Open Finance Testing
The City watchdog said Monday that it has entered into a partnership with global technology company Raidiam to accelerate open finance in a move to expand the sharing of client data across financial products.
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October 10, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Paddington Bear's creators and Studio Canal sue the company behind Spitting Image, Blackpool Football Club's former owner Owen Oyston bring a fresh claim against the club, and Mishcon de Reya sue a Saudi investment group.
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October 10, 2025
Kennedys' Rekha Cooke On The FCA Senior Managers Regime
Rekha Cooke, a partner at Kennedys, talks about the Financial Conduct Authority's reforms of the senior managers regime, telling Law360 that businesses should treat the reforms as a reason to strengthen their internal controls.
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October 10, 2025
FCA Pension Support Plan Could Boost Mutual Insurers
Proposals by the Financial Conduct Authority to allow businesses to offer "targeted support" to groups of similar customers could help mutual insurers better steer their members toward improved long-term savings, Broadstone has said.
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October 10, 2025
Standards Setter FSB Issues Warning On AI Monitoring Gaps
National regulators must improve their monitoring of the adoption of artificial intelligence in the financial sector, a global standards setter urged on Friday, as unchecked exposure to the technology might expose critical vulnerabilities.
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October 10, 2025
Munich Re Unit Wins Approval For German Insurance Market
Munich Re Specialty said Friday it has gained regulatory approval to offer insurance products to businesses in Germany's primary specialist insurance market.
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October 10, 2025
Pensions Body Urges Wider Ethnicity Pay Reporting Mandate
A U.K. government proposal to mandate reporting on ethnicity pay gaps at larger companies must go further to include smaller businesses, a trade body for the pensions sector has said.
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October 10, 2025
Insurance Risk Pro Wins £20K In Forced Quitting Claim
An Employment Tribunal has ordered a motor insurance broker to pay its former head of governance £20,000 ($26,700) after she was made redundant following its collapse in 2023.
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October 09, 2025
Brits Can Put Crypto-Linked Products In Savings Accounts
U.K. retail investors will now be able to hold digital asset-linked securities in saving accounts and registered pension schemes, the country's tax authority said, in a move expected to offer consumers wider choice in a protected environment.
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October 09, 2025
'Forever Chemicals' Pollution Claims Seeping Into UK Courts
Litigation over widely used "forever chemicals" that has led to big payouts in the U.S. could become a source of significant exposure for insurers and their policyholders in the U.K. following a recent settlement.
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October 09, 2025
Broker Ardonagh Loses Challenge To Music Platform TM
European officials have rejected a bid by a unit of global insurance broker The Ardonagh Group to nix a trademark application by an American music teaching platform after ruling the average consumer would not mix up the two signs.
Expert Analysis
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What To Expect During The Brexit Transition Period
While all formal ratification procedures for the U.K.'s departure from the European Union have been completed, the transitional period will bring an enormous range of trade, customs and regulatory issues, say attorneys at Mayer Brown.
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Opinion
Legal Prediction Is Demanding But Not Impossible
The New Jersey Supreme Court’s recent decision in Balducci v. Cige incorrectly concluded that predicting the length and cost of a case is nearly impossible, and overlooked artificial intelligence's ability to do so, says Joseph Avery with Claudius Legal Intelligence.
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Surefire Marketing Methods To Build Your Legal Practice
Attorneys who take the time and the risk to showcase their talents through speaking, writing and teaching will find that opportunities will begin building upon themselves, says Daniel Karon of Karon LLC.
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Mandatory Mediation May Lie Ahead For England And Wales
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.
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Key Risks And Developments For UK Law Firm Culture In 2020
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.
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Cos. Can Start Preparing Now For Immigration Beyond Brexit
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.
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#MeToo Pressure On UK Businesses Is Set To Rise
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.
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Opinion
UK's Insurer Investigations May Not Help Policyholders
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.
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The Outlook For Autonomous Vehicles In The UK And US
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.
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Brexit's Impact On London As A Top Int'l Arbitration Seat
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.
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Post-Brexit UK Likely To Conform With EU On Human Rights
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.
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The Evolution Of GDPR Enforcement Across The EU
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.
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Series
Why I Became A Lawyer: Being There For Families In Trouble
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.
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3 Ways To Leverage Vulnerability For Lawyer Well-Being
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.
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Zurich Case Brings Clarity To Complex Contempt Proceedings
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.