Insurance UK

  • May 08, 2025

    Franco Manca Owner Settles COVID-Cover Fight With QIC

    The owner of popular high-street pizzeria Franco Manca has agreed to settle its dispute with QIC Europe Ltd. over losses the restaurant chain claimed to have suffered after it temporarily closed sites at the height of the COVID-19 pandemic.

  • May 07, 2025

    AmTrust Hit With £11.7M Claim Over Post-Grenfell Repairs

    A social housing provider has sued AmTrust Europe Ltd. for over £11.7 million ($15.6 million) for allegedly refusing to pay out to fix issues the provider uncovered during an investigation prompted by the deadly Grenfell fire in 2017.

  • May 07, 2025

    Finance Trade Body Warns AI Can Amplify Misconduct Risk

    A U.K. trade body for financial firms warned a group of members of Parliament at a hearing Wednesday that artificial intelligence amplifies the risk that banks could screen out unwanted customers without anyone knowing, in defiance of the Consumer Duty.

  • May 07, 2025

    Intellica Acquires Pensions Consultancy Cosan

    Pensions technology consultancy Intellica Ltd. said on Wednesday that it has bought rival Cosan Consulting Ltd. in a bid to boost resources to address the challenges faced by the retirement savings sector.

  • May 07, 2025

    Lloyd's Broker Appears In Court On Ecuador Bribery Charges

    A Lloyd's of London broker appeared in court Wednesday accused by the Serious Fraud Office of failing to prevent a U.S.-based intermediary from making corrupt payments in Ecuador in order to secure contracts worth $38 million.

  • May 07, 2025

    EU Watchdog To Advise Tightening Insider Dealing Rules

    The EU markets watchdog specified on Wednesday in advice to the European Commission on insider dealing rules for companies listing shares that profit warnings must be disclosed immediately rather than delay until accounts are produced.

  • May 07, 2025

    MPs Launch Fresh Probe Into Civil Service Pension Plan

    A cross-bench parliamentary committee has launched a new inquiry into how members of the civil service pension plan are treated amid ongoing scrutiny over historical failings associated with the program.

  • May 06, 2025

    Trade Body Calls For Swift Action On Pension Surplus Plan

    The U.K. must act swiftly in developing a new regime to allow businesses to tap into well-funded pension plans to invest in themselves or the wider economy, a trade body urged Tuesday.

  • May 06, 2025

    Financial Complaints Skyrocket After Motor Finance Ruling

    The U.K.'s financial complaints watchdog said Tuesday that it received more than 140,000 reports about financial businesses in the last six months of 2024, up almost 49% on the same period a year earlier, after a landmark ruling that requires motor finance lenders to disclose commissions.

  • May 06, 2025

    Marsh Blamed For $143M Loss On Greensill As Trial Opens

    The investment firm White Oak said it would never have invested in a financial scheme set up by now-collapsed Greensill Capital if it had not relied on misleading statements provided by the insurance broker Marsh about its cover, the firm's lawyers said at the opening of an almost $143 million trial Tuesday.

  • May 06, 2025

    EU Watchdog Proposes New Rules For ESG Ratings Firms

    The European Union's markets watchdog has proposed new rules for providers of ESG ratings in a move to prevent conflicts of interest and improve their disclosures.

  • May 06, 2025

    Greensill, Gupta Get 2027 Trial Date Over $400M Row

    Administrators overseeing part of the collapse of Lex Greensill's empire will head to trial in October 2027 to seek $400 million from a Swiss insurance giant that has accused the financier and one of his major former clients, Sanjeev Gupta, of fraud. 

  • May 06, 2025

    Gallagher Boosts Turkish Operations With Aspera Buy

    U.S. insurance giant Arthur J. Gallagher & Co. said Tuesday that it has acquired boutique Turkish broker Aspera to support its growth plans in the region, which it described as a "strategic insurance hub" between Asia and Europe.

  • May 02, 2025

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

    This past week in London has seen Premier League football club Newcastle United FC sue the owner of the land next to its stadium, Laurence Fox face a defamation claim by TV presented Narinder Kaur and a further sexual assault claim filed against actor Kevin Spacey.

  • May 02, 2025

    FCA Proposes Curb On Purchase Of Crypto-Assets On Credit

    The Financial Conduct Authority proposed on Friday to restrict how far cryptocurrency companies could go in allowing consumers to buy crypto-assets on credit, part of its planned regulatory regime for the sector.

  • May 02, 2025

    US Tariffs Spark Concerns for Unhedged Pension Assets

    European pension funds that have significant unhedged dollar assets could be in trouble, experts warned Friday, as unprecedented market volatility was sparked imposition of U.S. trade tariffs.

  • May 02, 2025

    Draft UK Crypto-Regulations Facing Teething Troubles

    The government's new crypto-assets regime will be unenforceable across borders and could deter fledgling companies from working in the country, meaning that the financial watchdog will face early challenges to its attempts to protect British consumers in a volatile global marketplace.

  • May 02, 2025

    Pension Deal Insurance Capacity Outstrips Demand

    Eight out of 10 pension deals last year involved a scheme with less than £100 million ($133 million) in assets, due to a major increase in insurer capacity, a consultancy said Friday.

  • May 01, 2025

    Regulatory Costs Claim 3.3% Of Insurance Brokers' Revenue

    Insurance brokers in the U.K. pay an average 3.3% of their annual revenue to cover regulatory costs, compared with only 1.9% paid by insurers, according to research published Thursday by consultant London Economics.

  • May 01, 2025

    UK Pension Funds Face Scrutiny Over Investment Plans

    A parliamentary committee will quiz pensions chiefs as part of a wider probe into whether the £3 trillion ($4 trillion) retirement savings sector can invest more in U.K. assets to better support the country's economic growth.

  • May 01, 2025

    Cross-Border Payments Firms Lack Transparency, FCA Says

    Companies offering international money remittance and cross-border payment services often fail to explain their fees clearly and should consider making improvements under the Consumer Duty, the Financial Conduct Authority said Thursday.

  • May 01, 2025

    Insurers Underestimating Climate Change, BoE Warns

    U.K. insurers must do a better job of reflecting the risk of climate change on their balance sheets, the Bank of England has warned.

  • May 01, 2025

    UK Gov't Mulling Major Reform To Pensions Protection Fund

    The government has confirmed that there are still plans to transform the Pension Protection Fund into a public sector consolidator of retirement savings schemes.

  • April 30, 2025

    9M Britons Retire With Meager Private Pensions, Report Says

    Almost 9 million people in the U.K. enter retirement "significantly under-pensioned," with annual private pension incomes of between £3,650 ($4,870) to £6,750, according to a report by the Pensions Policy Institute.

  • April 30, 2025

    FCA Says Meta Slacking In The Removal Of Suspect Ads

    The Financial Conduct Authority named Facebook owner Meta on Wednesday as the biggest laggard among the big tech companies in terms of responding to requests to take down material from "finfluencers" about whom the watchdog had issued warnings.

Expert Analysis

  • How Proposed EU Class Action Directive Could Affect Insurers

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    Insurers should beware the explosive potential of the EU's proposed directive providing for cross-border class actions and third-party funding for such actions, although it also bears strict requirements that will limit the number of cases, say Emmanuèle Lutfalla and Simon Fitzpatrick at Signature Litigation.

  • COVID-19 Insurance Considerations For UK Cos.

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    Though a new U.K. regulation recently made it easier for businesses to claim losses related to COVID-19, potential points of contention when seeking insurance coverage include whether the government ordered the business to close and whether an outbreak occurred at the premises, say attorneys at Covington.

  • UK Group Data Breach Claims Pose Big Financial Risks

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    Recent English court decisions appear to make it easier for data breach victims to bring collective actions, and consequently companies may find they are liable for huge sums in addition to fines under the General Data Protection Regulation, say attorneys at Morrison & Foerster.

  • A Crucial Chance For UK Supreme Court To Clarify Arbitrator Bias

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    In Halliburton v. Chubb, the U.K. Supreme Court has an opportunity to tackle uncomfortable questions and support confidence in London's arbitration sector by policing effectively against bias and impartiality when arbitrators are involved in multiple tribunals, says Rosie Wild at Cooke Young.

  • Rebuttal

    Legal Industry Should Pursue AI Prediction Progress

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    As part of the debate prompted by my recent Law360 guest article on legal prediction using artificial intelligence, I would like to unpack four issues and suggest that attorneys and technologists continue to tackle the problems presently within reach, says Joseph Avery at Claudius Legal Intelligence.

  • Rebuttal

    AI Can't Accurately Predict Case Length And Cost — Yet

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    A recent Law360 guest article argued that artificial intelligence can precisely estimate the length and cost of a new case, but several limitations will likely delay truly accurate predictions for years to come, says Andrew Russell at Shaw Keller.

  • What To Expect During The Brexit Transition Period

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    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.

  • Opinion

    Legal Prediction Is Demanding But Not Impossible

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    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.

  • Surefire Marketing Methods To Build Your Legal Practice

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    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.

  • Mandatory Mediation May Lie Ahead For England And Wales

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    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.

  • Key Risks And Developments For UK Law Firm Culture In 2020

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    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.

  • Cos. Can Start Preparing Now For Immigration Beyond Brexit

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    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.

  • #MeToo Pressure On UK Businesses Is Set To Rise

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    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.

  • Opinion

    UK's Insurer Investigations May Not Help Policyholders

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    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.

  • The Outlook For Autonomous Vehicles In The UK And US

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    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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