Insurance UK

  • February 20, 2025

    Third Of Pension Professionals Uncertain About Gov't Policy

    Approximately one in three pension professionals is unclear about the government's priorities for the sector, research by a specialist law firm has suggested, with particular uncertainty over proposals to apply tax to wealth passed on through retirement savings plans.

  • February 20, 2025

    Lloyds Sets Aside £700M For Motor Finance Probe Costs

    Lloyds said Thursday that it has set aside an additional £700 million ($880 million) to cover potential costs arising from a Financial Conduct Authority investigation into "secret" agreements on motor finance commissions and a related appeal at the top U.K. court.

  • February 19, 2025

    UK Home Insurance Premiums Rise Said To Be 'Slowing'

    Home insurance premiums increased 14% year-on-year from October to December, a price comparison site has said, but the period saw a "slowing" growth rate compared to the three months before that.

  • February 19, 2025

    Axiom Predecessor Settles COVID Coverage Fight With Aviva

    A law firm that became part of now-collapsed Axiom Ince has settled its claim with Aviva in a dispute over its business interruption insurance policy that erupted in the wake of national lockdowns imposed during the COVID-19 pandemic.

  • February 19, 2025

    FCA Calls For Probe Into Digital Wallet Competition Issues

    The Financial Conduct Authority and the Payment Systems Regulator on Wednesday urged the U.K. competition watchdog to investigate competition concerns for digital wallets because of market dominance by big tech groups like Apple and Google.

  • February 19, 2025

    Marsh McLennan Unit Buys Global Asset Management Firm

    Insurance giant Marsh McLennan has acquired institutional investment adviser Secor Asset Management, as it aims to further bolster its consulting business.

  • February 19, 2025

    UK Eyes One-Day Securities Settlements To Boost Growth

    HM Treasury said Wednesday that the chancellor has met senior representatives from the investment banking and asset management sectors to hone the government's growth strategy as the ministry supports the move ahead to one-day securities settlement.

  • February 19, 2025

    Zurich-Backed Cyber-Insurer Cowbell Joins ABI Trade Group

    A cyber-cover provider backed by Swiss insurance giant Zurich has joined the Association of British Insurers, according to an announcement made by the trade body.

  • February 18, 2025

    Pensions Pro Loses Whistleblowing Claim Amid Merger Spat

    An employment tribunal has ruled that the head of a financial planning firm did not fire her business partner for blowing the whistle on legal breaches but rather because she stopped doing her job.

  • February 18, 2025

    Quarter Of UK Cos. Hit By Civil Unrest In 2024, Broker Says

    More than one in four U.K. businesses were impacted by civil unrest in 2024, broker Gallagher said Tuesday, with similar numbers reportedly reviewing their insurance to ensure they are covered in the event of future damage or disruption.

  • February 18, 2025

    EU Watchdog To Set Knowledge Standard For Crypto Advisers

    The European Union's financial markets regulator has proposed guidelines setting minimum knowledge standards for advisers and information providers at crypto-asset service providers.

  • February 18, 2025

    Lifeboat Fund Pays £38M On Defunct Pension Biz Rowanmoor

    The U.K.'s financial lifeboat scheme said Tuesday it has so far paid out £38 million ($48 million) in claims over pension provider Rowanmoor Personal Pensions Ltd., more than a year on from the company's collapse.

  • February 18, 2025

    E-Scooters Blamed For Rise In Uninsured Child Drivers

    Almost 800 children have been caught driving or riding without insurance in the past four years, data published by a U.K. road safety charity shows, with the rise in private electronic scooters said to be behind the surge in numbers.

  • February 18, 2025

    Morton Guides £1.5M Pension Deal For Accounting Firm

    An accountancy firm has passed £1.5 million ($1.9 million) of its pension liabilities to Just Group, the insurer said Tuesday, in a deal advised by Morton Fraser MacRoberts LLP.

  • February 18, 2025

    Property Co. Assura Says £1.6B KKR Bid Undervalues Biz

    The board of property manager Assura PLC said Tuesday that a £1.6 billion ($2 billion) possible offer tabled by U.S. private equity firm KKR "materially undervalued the company and its prospects."

  • February 17, 2025

    Pensions Watchdog To Go Further On Prudential Oversight

    The retirement savings watchdog said Monday it will go further this year on managing risks affecting the wider pensions market and financial ecosystem, after announcing last year it would take on a more "prudential" approach to supervising the sector.

  • February 17, 2025

    Theater Co. Settles Ceiling Collapse Claim With Consultant

    A London theater company has reached a settlement in its claim against a project manager for damages and losses caused by the collapse of a ceiling during a West End performance of Arthur Miller's play "Death of a Salesman."

  • February 17, 2025

    Insurers Warn Gov't Over Tax Hikes After £11.7B Claims Paid

    Insurers paid out a record £11.7 billion ($14.8 billion) in motor claims in 2024, a trade body said Monday after it warned the government against hiking taxes on the sector.

  • February 17, 2025

    Growth In UK Insurance Premiums Expected To Slow, EY Says

    Insurance premium growth in Britain is expected to stabilize this year amid falling costs, a consultancy said on Monday, as it warned of potential storm clouds on the horizon caused by "geopolitical" developments.

  • February 17, 2025

    Shoosmiths Steers £16M Pension Deal For Manufacturing Co.

    Insurer Just Group said on Monday that it has taken on £16 million ($20.2 million) of liabilities in a retirement scheme from a pension plan sponsored by industrial machinery manufacturer Deutz AG, in a deal guided by Shoosmiths.

  • February 17, 2025

    UK Healthcare Property Biz Assura Rejects £1.6B KKR Bid

    Primary care property developer Assura PLC has snubbed a £1.6 billion ($2 billion) proposed takeover approach from KKR and a U.K. pensions provider, the U.S. private equity firm said on Monday.

  • February 14, 2025

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

    This past week in London has seen Spice Girls star Mel B's ex-husband bring a defamation claim against the publisher of The Sun, a hotel sue a former director convicted of embezzling its funds for breach of fiduciary duty, and comedian Russell Brand face a sexual abuse claim. Here, Law360 looks at these and other new claims in the U.K.

  • February 14, 2025

    Zurich Has Key Defense Trimmed In Dental Spa Fire Claim

    A London court has ruled that the company operating a dental practice in Leeds did not misrepresent itself in a policy with Zurich, and the insurer cannot claim it withheld insolvency-related information to deny cover for losses stemming from a fire.

  • February 14, 2025

    Gowling, Squire Patton Pilot £50M Pension Deal For Textile Biz

    A German textiles company has offloaded £50 million ($63 million) of its U.K. pension liabilities to insurer Just Group PLC, advisers said Friday, in a deal steered by Gowling WLG and Squire Patton Boggs LLP.

  • February 14, 2025

    5 Questions For Spencer West Partner Karl Foster

    The Financial Conduct Authority's approach to enforcement and consumer protection has come up against government economic growth priorities and resistance from the sector to its proposals to "name and shame" companies early on during regulatory probes.

Expert Analysis

  • How Climate, Finance And Trade Will Intersect In 2021

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    In the coming year, the Biden administration will likely align its policies on climate change, finance and trade more closely with those of international partners and organizations, leading to more coordinated action on climate standards that will be applied across the global economy, say consultants at C&M International.

  • Perspectives

    Finding A Path Forward To Regulate The Legal Industry

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    Gerald Knapton at Ropers Majeski analyzes U.S. and U.K. experiments to explore alternative business structures and independent oversight for law firms, which could lead to innovative approaches to increasing access to legal services.

  • Whether And How To Compel Remote Arbitration

    Excerpt from Practical Guidance
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    As the pandemic delays in-person arbitration hearings, mediator and arbitrator Theodore Cheng provides arbitrators with a checklist to examine the rationale and authority for compelling parties to participate in remote hearings.

  • Creditors Welcome UK Supreme Court's Reflective Loss Decision

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    The U.K. Supreme Court's recent Sevilleja v. Marex decision benefits creditors and other stakeholders by excluding their claims from the reflective loss principle, which precludes third-party complaints that merely reflect company loss, say Robert Fidoe and Jack Moulder at Watson Farley.

  • 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.

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