Insurance UK

  • July 14, 2025

    Investment Association Urges Better Support For UK Retirees

    The Investment Association has said Britain can do more to help its savers use their money more wisely once they retire, mapping out a string of proposals it said would support better outcomes in later life.

  • July 14, 2025

    Gov't Reforms Needed To Unlock FCA's Targeted Support Plan

    The financial watchdog's planned "targeted support" program for consumers requires government legislation or guidance to remove legal obstacles to direct marketing — and regulatory experts expect the first step to come at the Mansion House address by Chancellor Rachel Reeves late on Tuesday.

  • July 11, 2025

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

    This past week in London has seen HS2 hit with a defamation claim by two ex-employees who blew the whistle on alleged under-reporting of costs, Craig Wright and nChain face legal action brought by its former chief financial officer over a fraud scheme, and pro-footballer Axel Tuanzebe bring a clinical negligence claim against his former club Manchester United F.C. Here, Law360 looks at these and other new claims in the U.K.

  • July 11, 2025

    ESMA Warns Crypto Firms To Clarify Unregulated Products

    The European Union's financial markets watchdog said Friday that regulated crypto-asset service providers must make it clear to consumers which of the products and services they offer are unregulated. 

  • July 11, 2025

    Lloyd's Trade Body Warns Of Risks After Houthi Ship Attacks

    A Lloyd's of London trade body has urged caution to cargo companies and their insurers operating in the Red Sea after two deadly attacks by Houthis on shipping vessels this week.

  • July 11, 2025

    Irish Gov't Abandons Plans To Raise Personal Injury Awards

    The Irish government has confirmed it will not be going ahead with a controversial proposal to raise personal injury awards standards by 16.7%, lawmakers have said.

  • July 11, 2025

    Ex-Insurance CEO's Wife Can't Ax £15M Asset Freeze

    A London appeals court upheld a £15 million ($20.3 million) asset freeze on Friday against the wife of a former insurance company executive who is accused of cashing in on money her husband siphoned off from the business.

  • July 11, 2025

    Staley Tribunal Decision Could Fuel Challenges To FCA Fines

    A landmark tribunal ruling that upheld the Financial Conduct Authority's ban of ex-Barclays CEO James "Jes" Staley from banking — but slashed his fine — could ultimately lead other executives with back-loaded pay packages to fight the watchdog's decisions, lawyers say.

  • July 11, 2025

    Insurers Brace For Disputes When US Tariff Pause Ends

    The global economy is braced for further trade volatility in the coming months as a temporary pause on U.S. punitive tariffs on countries that have not struck trade deals expires on Aug. 1, with many experts predicting an increase in insurance disputes.

  • July 10, 2025

    Addleshaw Guides European Acquisition Of UK Pet Insurer

    European pet health insurance company Santévet Group has acquired a majority stake in U.K.-based animal insurer Tedaisy Insurance Group, in a deal announced by advisers Addleshaw Goddard on Thursday.

  • July 10, 2025

    Aegon Urges Bold Pension Reforms In Anticipated UK Review

    The U.K. government should launch its pensions adequacy review as part of its annual financial services strategy announcement next week, an insurer said Thursday.

  • July 10, 2025

    FCA Plans Investor Rule Overhaul To Boost Capital Markets

    The Financial Conduct Authority said Thursday that it will amend its client categorization rules in a bid to encourage wealthy and experienced investors to plow more cash into London's ailing equity capital markets.

  • July 10, 2025

    L&G, Blackstone Join To Boost Annuities, Asset Management

    Legal & General Group PLC said Thursday that it has penned a private credit partnership with Blackstone, the alternative asset management giant.

  • July 10, 2025

    BoE Head Bailey Opposes Gov't Pension Investment Mandate

    The governor of the Bank of England has said he disagrees with the idea of requiring pension funds by law to invest in U.K. assets, in an intervention that experts say could have a knock-on effect for flagship legislation for the sector.

  • July 09, 2025

    Sweden Wins €60M Pension Fraud Case Against Financier

    A London court has ruled that a financier defrauded the Swedish government by setting up an illegitimate investment fund that took €60.7 million ($71.1 million) from savers' pension accounts.

  • July 09, 2025

    Gov't Urged To Review State Pension As Cost Estimates Rise

    The government should launch a review into whether to maintain the state pension triple lock, experts suggested, after it emerged that the cost of maintaining the policy will increase to more than £15.5 billion ($21.1 billion) a year by 2030.

  • July 09, 2025

    Insurers Argue $37M Liability Void Over Director's Charges

    Six insurers told an appeals court Wednesday they should not have to pay $37 million to the owners of a cargo ship seized by the Indonesian navy because the policy was rendered void by the owner's failure to disclose that its director faced criminal charges.

  • July 09, 2025

    Authorities Urged To Stagger Local Gov't Pension Fixes

    The U.K. government should stagger the raft of proposed fixes to the Local Government Pension Scheme so as not to overwhelm administrators, Hymans Robertson has warned, calling for expectations to be realistic.

  • July 09, 2025

    BoE Flags Cyber Risk Blind Spots In Stress Test

    The Bank of England's regulatory arm has warned companies that financial firms are ill-prepared for a cyberattack that threatens timely settlements.

  • July 09, 2025

    Zurich Loses Appeal For Software Patent At EPO

    Zurich Insurance has lost its latest attempt to secure a patent over its software that helps multiple users work on a project, failing to convince a European appeals board that the technology is inventive.

  • July 09, 2025

    CMS Guides Utmost On 4 Pension Deals Worth £177M

    Utmost Life and Pensions said on Wednesday that it has penned four retirement savings deals worth £177 million ($240 million) since the start of 2025.

  • July 08, 2025

    Howden Teams Up With Law Firm For Crypto Theft Product

    Broking giant Howden has released a cryptocurrency theft insurance and recovery product in partnership with law firm Lawrence Stephens, in what it called a first-of-its-kind solution for the sector. 

  • July 08, 2025

    EU Markets Regulator Unveils Plan To Cut Emissions By 2030

    Europe's financial markets watchdog published Tuesday its first climate transition plan as a step toward meeting the European Union's climate objectives.

  • July 08, 2025

    2 Firms Steer Insurance Group CRC's Lloyd's Underwriter Buy

    The wholesale insurance broker CRC Group has agreed to acquire the U.K.-based underwriting business Atrium from private equity firm Stone Point Capital.

  • July 08, 2025

    Underwriters Back FCA Move To Pare Back Insurance Rules

    A trade group representing underwriters in London has backed plans floated by the Financial Conduct Authority to ax unnecessary requirements from its insurance rule book, but said areas of the proposals require clarification.

Expert Analysis

  • Ruling In FCA Case Offers Tips On Flexible Work Requests

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    In Wilson v. Financial Conduct Authority, the Employment Tribunal recently found that the regulator's rejection of a remote work request was justified, highlighting for employers factors that affect flexible work request outcomes, while emphasizing that individual inquiries should be considered on the specific facts, say Frances Rollin, Ella Tunnell and Kerry Garcia at Stevens & Bolton.

  • Breaking Down The New UK Pension Funding Regs

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    Recently published U.K. pension regulations, proposing major changes to funding and investing in defined benefit pension schemes, raise implementation considerations for trustees, including the importance of the employer covenant, say Charles Magoffin and Elizabeth Bullock at Freshfields.

  • Decoding UK Case Law On Anti-Suit Injunctions

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    The English High Court's forthcoming decision on an anti-suit injunction filed in Augusta Energy v. Top Oil last month will provide useful guidance on application grounds for practitioners, but, pending that ruling, other recent decisions offer key considerations when making or resisting claims when there is an exclusive jurisdiction clause in the contract, says Abigail Healey at Quillon Law.

  • Cayman Islands Off AML Risk Lists, Signaling Robust Controls

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    As a world-leading jurisdiction for securitization special purpose entities, the removal of the Cayman Islands from increased anti-money laundering monitoring lists is a significant milestone that will benefit new and existing financial services customers conducting business in the territory, say lawyers at Walkers Global.

  • How Decision On A Key Definition Affects SMEs

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    The Financial Conduct Authority's decision not to extend the definition of small and midsized enterprises may benefit banks and finance providers in the current high interest rate environment and where SMEs in certain sectors may be under financial pressure in light of the cost-of-living crisis in order to streamline it, says Rachael Healey at RPC.

  • Employers Can 'Waive' Goodbye To Unknown Future Claims

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    The Scottish Court of Session's recent decision in Bathgate v. Technip Singapore, holding that unknown future claims in a qualifying settlement agreement can be waived, offers employers the possibility of achieving a clean break when terminating employees and provides practitioners with much-needed guidance on how future cases might be dealt with in court, says Natasha Nichols at Farrer & Co.

  • Acquisition Of AI Tech Poses Challenges For Media Industry

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    The artificial intelligence regulatory landscape is changing quickly, and media and entertainment companies planning to acquire AI technology through a merger, acquisition or licensing deal should be mindful of potential new compliance requirements and AI-specific insurance products, say lawyers at Covington.

  • 3 Financial Services Hot Topics To Watch In 2024

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    Technology, ESG and private markets are set to have the greatest impact on financial markets in 2024, as firms grapple with increasing regulatory change and a shifting political backdrop on both sides of the Atlantic, says Matthew Allen at Eversheds Sutherland.

  • Misleading Airline Ads Offer Lessons To Avoid Greenwashing

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    Following the Advertising Standards Authority's recent decision that three airlines' adverts misled customers about their environmental impact, companies should ensure that their green claims comply with legal standards to avoid risking reputational damage, which could have financial repercussions, say Elaina Bailes and Olivia Shaw at Stewarts.

  • CMA Guidance Can Help Businesses Act On Climate Change

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    Guidance recently published by the Competition and Markets Authority, which explains how competition law applies to sustainability and climate change agreements, provides clarity for businesses seeking to collaborate and emphasizes the regulator’s open-door policy, says Andrew Maxwell at Freeths.

  • An Overview Of UK Short Selling Regulation Reforms

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    The steps taken by the U.K. government to reform the short selling regime show a thoughtful and considered approach and a willingness to listen to industry feedback in adapting the legacy EU regime to the realities of the U.K. markets, say Anna Maleva-Otto and Matthew Dow at Schulte Roth.

  • Key Points From Ireland's New Accountability Framework

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    The recently introduced Individual Accountability Framework is a positive step for the financial services industry in Ireland, and in contributing to cultural and practical change will encourage positive behavior and good governance for the benefit of the industry and investors, say Aongus McCarthy and Niall Esler at Walkers Global.

  • Pension Industry Should Monitor Evolving ESG Issues In 2024

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    ESG thinking in the pensions industry has substantially evolved from focusing on climate change and net-zero to including nature and social considerations, and formalizing governance processes — illustrating that, in 2024, continually monitoring ESG issues sits squarely within trustee fiduciary duties, says Liz Ramsaran at DWF.

  • Looking Ahead At AI Regulation In The EU And UK

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    With AI regulation agreed upon in Europe and a U.K. regulatory authority on the horizon, organizations developing AI should consider deploying governance, addressing accountability and establishing internal guardrails to achieve a balanced approach to responsible innovation while managing risk, says Chris Eastham at Fieldfisher.

  • Emerging Trends From A Busy Climate Litigation Year

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    Although many environmental cases brought in the U.K. were unsuccessful in 2023, they arguably clarified several relevant issues, such as climate rights, director and trustee obligations, and the extent to which claimants can hold the government accountable, illustrating what 2024 may have in store for climate litigation, say Simon Bishop and Patrick Kenny at Hausfeld.

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