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Insurance UK
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December 08, 2025
BNP Paribas Ups Stake In Ageas With €1.1B Investment
French banking giant BNP Paribas said on Monday that its insurance subsidiary has increased its stake in Belgian multinational insurer Ageas Group SA to 22.5% from 14.9% with the injection of €1.1 billion ($1.28 billion) in new share capital.
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December 05, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Mozambique sue the late tycoon Iskandar Safa's family and Privinvest amid the wider $1.9 billion "tuna bond" fraud case, Entain face a claim from a major U.S. pensions agency, and a Mexican lawyer accused of embezzlement bring legal action against Travelers Insurance Co.
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December 05, 2025
A&O Guides Stagecoach On £1.2B Pension 'Run On' Deal
Asset management giant Aberdeen Group PLC said Thursday it would take over as the sponsor of the £1.2 billion ($1.6 billion) Stagecoach pension scheme, in a landmark deal steered by Slaughter and May, A&O Shearman and CMS Cameron McKenna.
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December 05, 2025
UK Watchdog Intervenes In Food Co.'s Pension Plan
Britain's retirement savings watchdog said on Friday its intervention, sparked by concern for members of a pension arrangement sponsored by a food manufacturer, has prompted the business to commit to putting around £300 million ($400 million) into the plan.
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December 05, 2025
M&A Falls By A Third In UK Insurance-Distribution Sector
Mergers and acquisitions activity in the U.K. insurance-distribution sector is set to have had a much quieter year, with acquisition volumes falling 34% in the first 11 months of 2025, according to a study published Friday.
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December 05, 2025
UK Watchdogs Plan To Spur £223B Mutual Financial Sector
Two finance watchdogs unveiled plans to boost growth in the U.K. mutual banking and insurance sector on Friday, part of the government's plan to double the size of the £223 billion ($297.5 billion) market.
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December 05, 2025
Swiss Re Targets $500M Annual Share Buyback Program
European insurance giant Swiss Re AG said Friday it will launch an annual share buyback program starting in 2026, adding that it will repurchase $500 million of shares every year after that.
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December 05, 2025
Gasket Maker, Insurance Broker Settle £2M Tool Theft Case
A British manufacturer of pipe seals and gaskets has agreed to settle its £2 million ($2.7 million) dispute with an insurance broker to cover the cost of "valuable" tools stolen by thieves.
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December 04, 2025
EU Parliament Urged To Act On Gaps In Pensions Savings
European savers deserve better returns and stronger consumer protections to ensure they have adequate pension pots, policy advocates have claimed, warning that reform is necessary to ensure citizens have sufficient resources in retirement.
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December 04, 2025
Smaller Audit Firms Gaining UK Market Share, Watchdog Says
Smaller auditors are starting to challenge the dominance of the Big Four firms for scrutinizing the finances of the country's biggest and most important companies, the accounting watchdog said Thursday.
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December 04, 2025
Lloyd's Body Weighs Emerging 'Forever Chemicals' Litigation
A trade body for Lloyd's of London has set up a committee to examine risks to the insurance sector from new forms of litigation, including those linked to "forever chemicals."
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December 04, 2025
Gov't To Address Pension Inflation In New Bill
The government has said it will use its current set of pension reforms to push through long-awaited inflation-linked increases to the retirement benefits of older workers.
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December 04, 2025
EU Reveals Plan To Boost Financial Market Integration
The European Commission unveiled a package of financial market reforms on Thursday, aimed at dismantling long-standing barriers to trade and creating a streamlined single capital market within the bloc of 27 nations.
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December 04, 2025
Legal Challenge Withdrawn After Gov't Pensions U-Turn
Campaigners fighting for compensation over historical failings on payments of women's state pensions have scored a win after the government agreed to reconsider its decision not to create a redress program within 12 weeks.
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December 10, 2025
Hargreaves Lansdown Hires New GC From Direct Line
Hargreaves Lansdown said Wednesday that it has hired a new chief legal officer and company secretary from insurer Direct Line Group, months after the wealth manager was acquired by a private equity consortium.
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December 03, 2025
Claims Prevention Biz To Raise £2.2M For US Expansion
Ondo InsurTech PLC said Wednesday that it plans to raise at least £2.2 million ($2.9 million) to accelerate its expansion in the U.S.
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December 03, 2025
Bridgehaven Confirms Irish Insurer Acquisition To Enter EU
British insurance company Bridgehaven said Wednesday it has completed the acquisition of Irish insurer SureStone Insurance DAC, marking what it called an "important step" in its European ambitions.
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December 03, 2025
Chubb Sued Over Advice On 'Worthless' Property Investment
A Saudi investor has sued Chubb for around £259,000 ($344,500) to cover a conveyancing firm, alleging that the now-insolvent business negligently advised him when he bought "derelict" student accommodation in England that turned out to be "effectively worthless."
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December 03, 2025
Insurance Sector Could Take $200M Hit From HK Towers Fire
The global insurance industry could face a combined loss of approximately $200 million from the fire that tore through a high-rise housing complex in Hong Kong last week, according to a credit ratings agency that specializes in the sector.
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December 03, 2025
Hogan Lovells-Led Asurion To Acquire UK Insurer D&G
U.S. technology insurance firm Asurion LLC said it has agreed to acquire Domestic & General, an appliance care provider, in a bid to become a major player in the growing device and white goods appliance insurance sector.
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December 03, 2025
FCA Brings Forward Date To Tackle Motor Finance Complaints
The Financial Conduct Authority said Wednesday it would end the pause on some complaints about motor finance deals on May 31, two months earlier than it had originally planned.
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December 02, 2025
Helvetia, Baloise Cleared To Form 2nd-Largest Swiss Insurer
Swiss insurers Helvetia and Baloise have said that they have won the final approval for their planned merger, confirming that the deal to create the second-largest insurance group in Switzerland will close on Dec. 5.
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December 02, 2025
Hogan Lovells Steers Royal London In £55M Annuity Purchase
Insurer Royal London said Tuesday that it has covered £55 million ($73 million) of pension liabilities for a shipping insurance company, in a deal guided by Hogan Lovells and Wedlake Bell.
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December 02, 2025
FCA Censures Bookkeepers' Body For AML Oversight Failings
The Financial Conduct Authority said Tuesday it has censured the Institute of Certified Bookkeepers for serious deficiencies in its anti-money-laundering supervision, its first enforcement action against a professional body supervisor.
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December 02, 2025
TPT Picks Gowling, LCP To Advise Pension Superfund
TPT named the four firms that will advise its new defined benefit superfund on Tuesday, as the pension plan operator moves toward regulatory assessment.
Expert Analysis
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UK Arbitration Ruling Offers Tips On Quelling Bias Concerns
An English court's recent decision in H1 v. W to remove an arbitrator because of impartiality concerns offers several lessons on mitigating bias, including striking a balance between arbitration experience and knowledge of a particular industry, and highlights the importance of careful arbitrator appointment, says Paul-Raphael Shehadeh at Duane Morris.
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Bias Ruling Offers Guidance On Disqualifying Arbitrators
An English court's recent decision in H1 v. W, removing an arbitrator due to bias concerns, reaffirms practical considerations when assessing an arbitrator's impartiality, and highlights how ill-chosen language by an arbitrator can clear the high bar for disqualification, say Andrew Connelly and Ian Meredith at K&L Gates.
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Insurance Policy Takeaways From UK Lockdown Loss Ruling
An English court's recent decision in Unipolsai v. Covea, determining that insurers' losses from COVID-19 lockdowns were covered by reinsurance, highlights key issues on insurance policy wordings, including how to define a "catastrophe" in the context of the pandemic, says Daniel Healy at Brown Rudnick.
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What COVID Payout Ruling Means For Lockdown Loss Claims
While the High Court's recent COVID-19 payout decision in Gatwick v. Liberty Mutual, holding that pandemic-related regulations trigger prevention of access clauses, will likely lead to insurers accepting more business interruption claims, there are still evidentiary challenges and issues regarding policy limits and furlough, say Josianne El Antoury and Greg Lascelles at Covington.
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Spartan Arbitration Tactics Against Well-Funded Opponents
Like the ancient Spartans who held off a numerically superior Persian army at the Battle of Thermopylae, trial attorneys and clients faced with arbitration against an opponent with a bigger war chest can take a strategic approach to create a pass to victory, say Kostas Katsiris and Benjamin Argyle at Venable.
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Top Court Hire Car Ruling Affects 3rd-Party Negligence Cases
The U.K. Supreme Court's recent decision in Armstead v. Royal & Sun Alliance, finding that an insurer was responsible for lost car rental income after an accident, has significant implications for arguing economic loss and determining burden of proof in third-party negligence cases that trigger contractual liabilities, say lawyers at Macfarlanes.
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Unpacking The Building Safety Act's Industry Overhaul
Recent updates to the Building Safety Act introduce a new principal designer role and longer limitation periods for defects claims, ushering in new compliance challenges for construction industry stakeholders to navigate, as well as a need to affirm that their insurance arrangements provide adequate protection, say Zoe Eastell and Zack Gould-Wilson at RPC.
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A Rare Look At Judicial Interpretation Of LEG Exclusions
A Florida federal court’s order last month in Archer Western-De Moya v. Ace American Insurance and an earlier decision from a D.C. federal court offer insight into how courts may interpret defects exclusion clauses developed by the London Engineering Group — filling a void in case law in the area, says Jonathan Bruce at Holman Fenwick.
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Ruling In FCA Case Offers Tips On Flexible Work Requests
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.
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Breaking Down The New UK Pension Funding Regs
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.
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Decoding UK Case Law On Anti-Suit Injunctions
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.
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Cayman Islands Off AML Risk Lists, Signaling Robust Controls
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.
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How Decision On A Key Definition Affects SMEs
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.
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Employers Can 'Waive' Goodbye To Unknown Future Claims
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.
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Acquisition Of AI Tech Poses Challenges For Media Industry
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.