Insurance UK

  • June 09, 2025

    Shoosmiths Hires Worldpay Deputy GC To Drive Fintech Push

    Shoosmiths LLP said on Monday that it has hired a senior lawyer at payments giant Worldpay as it looks to continue expanding its presence in financial services and technology, two key sectors for the firm.

  • June 02, 2025

    AI Use Soars Among UK Cos. Despite Rising Cyber-Risks

    More than 90% of U.K. businesses are either looking at or already using artificial intelligence tools, despite a vast number believing that cyberthreats are on the rise, according to research by insurer QBE released Monday.

  • June 02, 2025

    Gov't Told To Provide Timeline On Private Sector Dashboards

    The U.K. government must publish a roadmap for the introduction of private sector pension "dashboards," a trade body said Monday, warning that officials will fail to hit targets for public engagement without making the service widely accessible.

  • June 02, 2025

    Squire Patton Boggs Guides Royal London £22M Pension Deal

    Waste management company London Waste Ltd. has secured its pension scheme through a buy-in transaction worth £22 million ($30 million) with Royal London Group, securing the savings of approximately 200 members of the London Waste Ltd. Pension Scheme.

  • June 02, 2025

    FCA Pushes Mutual Fund Managers For Faster Settlements

    The Financial Conduct Authority has said mutual fund managers should take steps now to speed up fund settlements under the Consumer Duty, in alignment with a planned faster settlement cycle for trades in shares and bonds.

  • June 02, 2025

    New Lloyd's CEO Pledges Openness To Boost Global Market

    The newly appointed chief executive of Lloyd's of London said Monday that openness during his tenure will ensure that the specialist insurance marketplace is "the pre-eminent market for risk" in the world.

  • May 30, 2025

    UK Audit Regulator Finalizes Project To Unlock Financial Data

    Britain's accounting regulator said on Friday that it has now completed an 18-month project designed to make structured financial data more accessible in the U.K.

  • May 30, 2025

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

    This past week in London has seen Entain face yet more investor claims in the fallout from its bribery probe, UEFA face class action from Liverpool fans over chaos at the 2022 World Cup, and a venture capitalist sue journalists for misuse of his private information over a forged police report. Here, Law360 looks at these and other new claims in the U.K.

  • May 30, 2025

    FCA Names Ex-Pensions Minister Head Of Consumer Panel

    The Financial Conduct Authority said Friday that it has appointed Chris Pond, a former work and pensions minister, as chair of an independent panel that advises the regulator on consumer issues.

  • May 30, 2025

    FCA Wins OK For £1M Fine On Pensions Transfer Pros

    The finance watchdog said Friday that a tribunal has approved its decision to ban two financial advisers from working in financial services and impose approximately £1 million ($1.3 million) in fines over their pension transfers that put clients' retirement money at risk.

  • May 30, 2025

    Pension Credit Applications Rise 28% Since Winter Fuel Cut

    The number of applications for pension credit in the U.K. increased 28% in the past year since the government said that it will ax winter fuel payments for millions of retirees, Department for Work and Pensions data shows.

  • May 30, 2025

    FCA To Review If Monthly Insurance Payments Penalize Poor

    The Financial Conduct Authority has said that it will soon publish a long-awaited review into whether poorer customers are being penalized when they opt to pay their insurance premiums in monthly installments.

  • May 30, 2025

    Linklaters-Led Insurer To Take 15% Stake In UK Rival M&G

    M&G PLC said Friday that it has agreed with Dai-ichi Life Holdings Inc. to sell it a 15% stake in the British financial group to create a long-term partnership with the Japanese insurer and help it expand in Europe.

  • May 30, 2025

    Pension Adviser Declared In Default Over Unpaid Claims

    The Financial Services Compensation Scheme confirmed on Friday that a pensions advisory company has been declared in default after it was unable to pay out on claims brought by clients.

  • May 29, 2025

    UK Eyes Alignment With Int'l Sustainability Standard

    Britain's accounting regulator proposed on Thursday introducing a U.K. version of the international standard used for sustainability assurance in a bid to ensure consistency in the sector.

  • May 29, 2025

    Private Equity Firm Advent To Buy Insurance Broker Kereis

    Private equity firm Advent International has agreed to acquire international insurance brokerage Kereis from investment company Bridgepoint, which acquired the broker five years ago.

  • May 29, 2025

    US Tariffs Spark Profit Warnings For UK Pension Sponsors

    British businesses might seek to tap into pension surpluses because of ongoing financial losses caused by U.S. tariffs, a professional services firm has warned.

  • May 29, 2025

    Insurers' Body Widens Salvage Code To Include EVs

    The Association of British Insurers has updated its guidance for insurance companies and salvage firms that categorize written-off vehicles to cover electric and hybrid cars.

  • May 29, 2025

    Bigger Isn't Better In £25B Pensions Megafund Reform

    The U.K. government unveiled on Thursday a sweeping reform program to drive the creation of new pension megafunds with the firepower to invest more in the U.K. economy — but experts warn this could stifle competition and "put a gun" to providers' heads.

  • May 29, 2025

    FCA To Update Regulatory Directions For UK Finance Firms

    The Financial Conduct Authority said Thursday that it will amend and update approximately 11,000 legal requirements, obligations and restrictions for more than 9,000 financial firms in the U.K.

  • May 28, 2025

    UK Firms Plan To Tap Pension Surpluses Amid Rule Changes

    Most U.K. businesses with defined benefit pension plans larger than £500 million ($673 million) have said they would access their retirement plan surplus once the government allows them to tap into the money, new research shows.

  • May 28, 2025

    Social Media Giants Urged To Curb Unauthorized Finance Ads

    The European Union's financial markets watchdog urged the world's major social media and online companies on Wednesday to stop promoting unauthorized financial services on their platforms.

  • May 28, 2025

    New FCA Crypto Rules Focus On Stablecoin Value, Security

    The Financial Conduct Authority on Wednesday proposed rules aimed at ensuring stablecoins hold their value and firms keep cryptocurrencies safe, as the U.K. progresses on its plans to oversee regulation of the risky assets.

  • May 28, 2025

    DLA Piper Steers Aviva's £270M Morrisons Pension Deal

    Aviva said on Wednesday that it has taken on £270 million ($364 million) worth of pension plan liabilities from a retirement fund sponsored by supermarket giant Morrisons.

  • May 28, 2025

    UK Eyes Cutting Pension Tax Breaks To Boost Revenue

    The government could be considering the removal of tax breaks on workplace pensions salary-sacrifice plans, experts have warned, as part of an effort to increase revenue in the next budget.

Expert Analysis

  • How Will UK Use New Penalties For Debt-Dodging Directors?

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    Thomas Shortland at Cohen & Gresser discusses the scope of the new disqualification regime for company directors who dissolve their businesses to avoid paying back state COVID-19 loans, and identifies factors that may affect how frequently the government exercises the new powers.

  • Automated AML Compliance Tools Are No Silver Bullet

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    As financial institutions increasingly use automated tools for anti-money laundering compliance, attorneys at Covington discuss the risks of overreliance on such tools, regulatory expectations, potential liability and insurance coverage implications, as well as lessons from recent enforcement actions.

  • Issues To Watch In Potential English Arbitration Act Reform

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    Summary dismissal, confidentiality, technological updates and certain other topics that could fall under the England and Wales Law Commission's upcoming review of the 25-year-old Arbitration Act should be of particular interest to those considering an English-seated arbitration, say Neil Newing and Alasdair Marshall at Signature Litigation.

  • UK's Vicarious Liability Juggernaut Shows Signs Of Slowing

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    In the last five years, U.K. court decisions have generally broadened the scope of vicarious liability, holding organizations responsible for individuals' crimes, but more recent decisions suggest that courts are finally taking steps to limit such liability, say Stephanie Wilson and Philip Tracey at Plexus Legal.

  • What 9th Circ. Arbitration Case May Mean For Insurance

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    If the plaintiffs in CLMS Management Services v. Amwins Brokerage of Georgia appeal the Ninth Circuit's recent decision that state law does not bar the enforcement of arbitration clauses in insurance contracts, the case may have a significant effect on the different dispute resolution options for insurers and policyholders, say attorneys at Sheppard Mullin.

  • UK Focus On Int'l Data Transfers Shows Appetite For Reform

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    Recent U.K. public consultations on international transfers of personal data and structural amendments to the country's General Data Protection Regulation illustrate the post-Brexit appetite for reform and signal changes to the international data transfers regime, say Kate Brimsted and Tom Evans at BCLP.

  • Policyholder Outlook Following UK Biz Interruption Test Case

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    In the nine months since the U.K. Supreme Court ruled in favor of policyholders in the Financial Conduct Authority’s test case on insurance coverage for COVID-19 businesses interruption claims, similar lawsuits filed against insurers show that a positive outcome for insureds is not guaranteed, say Peter Sharp and Paul Mesquitta at Morgan Lewis.

  • What The Future Holds For UK Auditing Reform

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    The U.K.'s Financial Reporting Council has shown itself to be an increasingly effective and proactive regulator in its final months, and the greater powers of its incoming replacement — the Audit, Reporting and Governance Authority — will likely continue an era of heightened scrutiny for auditors, say Paul Brehony and Kate Gee at Signature Litigation.

  • How UK Data Breach Ruling May Rein In Insurance Claims

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    The recent U.K. High Court ruling in Warren v. DSG Retail, which held that claimants can only pursue personal data claims provided for in data protection legislation, narrows the basis upon which claims can be made following a data breach, and could make lower-cost recovery of after-the-event insurance premiums a thing of the past, say attorneys at Jenner & Block.

  • 2nd Circ. Arbitral Award Ruling Signals Restrictive Approach

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    The Second Circuit's recent ruling in Gater Assets v. Moldovagaz, reversing a default judgment arbitration award on jurisdictional grounds, fortifies U.S. court protections for foreign states and state-owned entities, and forecasts the court's conservative approach to when nonparties can be bound by arbitration agreements, say attorneys at Cleary.

  • Lloyds EU Operations Highlight Challenges For UK Insurers

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    Potential problems facing Lloyd's Europe could be shared by other U.K. insurers operating in the European Union's more stringent post-Brexit regulatory landscape, but individual countries' discrete provisions allowing for certain cross-border activities could enable a more nuanced approach, says Jeremy Irving at Browne Jacobson.

  • The Risky Reality Of GDPR Noncompliance

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    With the General Data Protection Regulation remaining in force in the post-Brexit European Union, businesses should be aware not only of the increasing fines levied for noncompliance, but also of the expenses incurred for lost management time, the professional costs and the reputational damage, says Alexander Egerton at Seddons Law.

  • An Underused Group Litigation Tool Could Help UK Claimants

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    Though the Financial Markets Test Case Procedure has only been used as a collective redress mechanism for the first time recently in Financial Conduct Authority v. Arch Insurance, hopefully it will be called on more often to resolve future post-Brexit issues and other pandemic cases, says Becca Hogan at Signature Litigation.

  • Risk Management Lessons From Recent Finance Co. Failures

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    Investor exposure to Archegos Capital and Greensill Capital before their high-profile collapses earlier this year show puzzling lapses in internal controls and highlight key risk management considerations for investors, says Benedict Roth at Martello Financial Services.

  • 3 Risk Management Lessons From Pandemic Insurance Wars

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    As appellate decisions in COVID-19 business interruption insurance claims continue to clarify the state of the law, there are some things that policyholders' lawyers and risk managers can do in the meantime to help prepare for future unforeseen events affecting coverage, says Peter Halprin at Pasich.

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