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Insurance UK
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March 02, 2026
Irish Insurers To Explain Price Increases Under Gov't Plan
The Irish government set out plans on Monday that will require insurers to explain to consumers why they have raised their motor insurance premiums as part of the country's broader bid to tackle issues linked to rising prices.
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March 02, 2026
Clifford Chance, Gowling Steer £80M Safeway Pension Deal
Pension insurer Canada Life said on Monday that it has taken on £80 million ($107.2 million) in retirement scheme liabilities from a plan sponsored by a subsidiary of Wm Morrison Supermarkets PLC, in a deal steered by Clifford Chance and Gowling WLG.
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February 27, 2026
FCA Warns Of Bad Practices In Sustainability Labeling
The Financial Conduct Authority warned Friday that U.K. asset managers have sometimes been unclear how they comply with rules on sustainability labels for funds or whether required disclosures accurately reflect the underlying investments.
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February 27, 2026
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Linklaters sue a shipping company, high-street clothing giant Urban Outfitters hit with an intellectual property claim, Ithaca Energy sue rival Chrysaor, and cabaret club magnate Alex Proud face legal action with his nightclubs in financial turmoil.
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February 27, 2026
BoE To Stress-Test Life Insurers' Financial Resilience
The Bank of England said Friday it plans to stress-test the financial resilience of life insurance companies again in January 2028, after its probe of 11 of Britain's major insurers last year revealed the cohort could withstand large market shocks.
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February 27, 2026
Texas Investment Co. Loses Strike-Out Bid In £3.7M Bond Row
A Texas-based investment company has lost its bid to strike out a decision that a Bulgarian insurer was right to withhold payment of a £3.7 million ($5 million) bond linked to a British residential building project.
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February 27, 2026
5 Questions For Kennedys' Ash Daniells On FOS Reforms
The government is reforming the Financial Ombudsman Service, which settles claims between consumers and regulated financial businesses. The reforms come after years of complaints that the ombudsman is not working efficiently, but the proposals have attracted wide criticism.
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February 27, 2026
Top Barclays Exec Named As Head Of UK Banking Watchdog
The Bank of England said Friday that senior Barclays executive and former Treasury official Katharine Braddick has been appointed as the next head of the U.K.'s main banking watchdog.
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February 27, 2026
2 Firms Guide Equinix, CPP Investments On $4B AtNorth Buy
Canada Pension Plan Investment Board and U.S. digital infrastructure company Equinix said Friday that they will buy atNorth for $4 billion from Swiss private equity shop Partners Group in order to grow the Nordic data center operator's capabilities in areas such as artificial intelligence and cloud infrastructure.
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February 26, 2026
Russian Insurance Giant Loses Bid To Overturn EU Sanctions
A European Union court has rejected AlfaStrakhovanie AO's bid to be removed from the bloc's sanction list, ruling that the insurer provided "material" support to the Russian government in its war efforts in Ukraine.
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February 26, 2026
Gallagher Snaps Up Insurer Krose In Boost For European Biz
Global insurance giant Gallagher said Thursday it has acquired German insurer and reinsurer Krose, a move designed to broaden its European footprint and boost the broker's client base.
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February 26, 2026
Broker Denies Tricking Investors Over ESMA Risk Before IPO
Broker Plus500 Ltd. has denied in litigation with a group of institutional investors that it withheld information before going public, saying it was clear that impending European rules designed to protect retail investors could hurt the online trading platform's business.
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February 26, 2026
Gov't Actuary's Department Launches New Pensions Group
The Government Actuary's Department has established a new public sector defined contribution pension scheme working group to strengthen governance and improve knowledge-sharing across public sector retirement plans, the department said Wednesday.
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February 26, 2026
FCA Tests Global Reach In HTX Crypto-Exchange Litigation
The landmark legal case brought by the Financial Conduct Authority against HTX, which the regulator says has promoted crypto-asset services to U.K. consumers without authorization, will be a litmus test, establishing whether it has the teeth for enforcement against overseas crypto-exchanges, lawyers say.
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February 25, 2026
FCA Selects 4 Firms To Trial Stablecoin Rules
The Financial Conduct Authority has selected four companies, including Revolut, to test how their stablecoin offers will work under the watchdog's proposed regulations as it prepares new rules for the sector.
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February 25, 2026
FCA To Launch Review Of AI Use By Insurance Industry
The U.K.'s financial services watchdog plans to launch an investigation into the benefits and risks of insurers using artificial intelligence in their businesses in the coming months.
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February 25, 2026
EU Watchdog To Change Senior Manager Suitability Rules
European financial regulators on Wednesday launched a consultation proposing major changes to how banks and investment firms assess the fitness and propriety of their leaders and key executives.
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February 25, 2026
DLA, Slaughter And May Steer £270M Media Biz Pension Deal
M&G PLC said Wednesday that it has completed a £270 million ($365 million) buy-in transaction with a pension program sponsored by Reach PLC, the owner of the Mirror, the Express and other newspapers.
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February 25, 2026
Hiscox Reveals $300M Share Buyback After Record Profit
Specialist insurance company Hiscox said Wednesday that it will begin a $300 million share buyback program after posting "record" annual pre-tax profit of $733 million last year.
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February 25, 2026
Consultant Settles £1.4M Insurance Row With Wealth Manager
A former consultant has settled her £1.4 million ($1.9 million) claim against a financial consultancy after she sued it for allegedly failing to arrange adequate insurance cover, which she claims left her short of money during serious illness and surgery.
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February 24, 2026
Risk Body Urges Public-Private Insurance Fix For Climate
A trade body for risk managers has called for governments, insurers and other businesses to work together to address the challenges presented by climate change.
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February 24, 2026
Lords Slam Labour's 'Regressive' Salary Sacrifice Reforms
Conservative peers told the government on Tuesday that its planned £2,000 ($2,700) cap on salary sacrifice pension saving arrangements will unfairly harm lower-earning workers.
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February 24, 2026
EU Eases Sustainability Reporting Rules In Growth Bid
European lawmakers gave their final agreement on Tuesday to reduce sustainability and governance reporting rules for businesses as part of a broader bid to cut regulation to drive competition across the bloc.
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February 24, 2026
Pinsent Masons Secures £60M Pension Deal For Bodycote
Pension Insurance Corp. said Tuesday that it has completed a £60 million ($81 million) pension deal with metallurgical company Bodycote, guided by CMS and Pinsent Masons.
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February 24, 2026
CFD Rules May Apply To New Derivatives, ESMA Warns Firms
Europe's top securities regulator warned Tuesday that newly marketed crypto-native derivatives such as "perpetual futures" are likely covered by existing restrictions on contracts for differences and must comply with investor-protection rules.
Expert Analysis
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Emerging Trends From A Busy Climate Litigation Year
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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How Businesses Can Prepare For Cyber Resilience In 2024
With cybersecurity breaches one of the biggest threats to U.K. businesses and as legislation tightens, organizations should prioritize their external security measures in 2024 and mitigate risks by being well-informed on internal data protection procedures, says Kevin Modiri at Nelsons.
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So You Want To Write A Guest Article?
If your New Year's resolution is to spend more time writing, here's everything you need to know to pitch guest article ideas to Law360.
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Lessons To Be Learned From 2023's Bank Failures
This year’s banking collapses, coupled with interest rate rises, inflation and geopolitical instability have highlighted the need for more robust governance, and banks and regulators have learned that they must adequately monitor and control liquidity risk to protect against another financial crisis, say Juliette Mills and Alix Prentice at Cadwalader.
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The Top 7 Global ESG Litigation Trends In 2023
To date, ESG litigation across the world can largely be divided into seven forms, but these patterns will continue developing, including a rise in cases against private and state actors, a more complex regulatory environment affecting multinational companies, and an increase in nongovernmental organization activity, say Sophie Lamb and Aleksandra Dulska at Latham.
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PPI Ruling Spells Trouble For Financial Services Firms
The Supreme Court's recent decision in Canada Square v. Potter, which found that the claimant's missold payment protection insurance claim was not time-barred, is bad news for affected financial services firms, as there is now certainty over the law on the postponement of limitation periods, rendering hidden commission claims viable, say Ian Skinner and Chris Webber at Squire Patton.
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DC Ruling Provides Support For Builders Risk Claim Recovery
To deny coverage for builders risk claims, insurers have been increasingly relying on two arguments, both of which have been invalidated in the recent U.S. District Court for the District of Columbia decision, South Capitol Bridgebuilders v. Lexington, say Greg Podolak and Cheryl Kozdrey at Saxe Doernberger.
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Navigating The Novel Challenges Facing The Legal Profession
The increasing prominence of ESG and AI have transformed the legal landscape and represent new opportunities for lawyers, but with evolving regulations and the ever-expanding reach of the Solicitors Regulation Authority, law firms should ensure that they have appropriate policies in place to adapt to these challenges, say Scott Ashby and Aimee Talbot at RPC.
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New Fixed Costs Rules May Have Unforeseen Consequences
The recent changes to fixed recoverable costs, which were intended to reduce costs and increase certainty, have profound implications for civil claims, but may unintentionally prompt more litigation and reduce access to justice as lawyers leave the market, says Paul Squires at Sedgwick Legal.
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Sustainable Finance Consultations May Signal Key Changes
The European Commission's recently launched consultations on the sustainable finance disclosure regulation point to important changes, including the potential introduction of a new product categorization system, and illustrate that there are clearly issues with the existing framework, say Ferdisha Snagg and Andreas Wildner at Cleary.
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Deal Over Jets Stranded In Russia May Serve As Blueprint
In the face of a pending "mega-trial" over leased airplanes held in Russia after its invasion of Ukraine, a settlement between leading aviation lessor AerCap Holdings NV and NSK, the Russian state-controlled insurance company, could pave the way for similar deals, say Samantha Zaozirny and Timeyin Pinnick at Browne Jacobson.
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What The Auto-Enrollment Law Means For UK Workforce
In a welcome step to enhance retirement savings, the U.K. government is set to extend the automatic enrollment regime by lowering the eligibility age and reducing the lower qualifying earnings limit, but addressing workers' immediate financial needs remains a challenge, says Beth Brown at Arc Pensions.
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Protecting The Arbitral Process In Russia-Related Disputes
Four recent High Court and Court of Appeal rulings concerning anti-suit injunction claims illustrate that companies exposed to litigation risk in Russia may need to carefully consider how to best protect their interests and the arbitral process with regard to a Russian counterparty, say lawyers at Linklaters.
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RSA Insurance Ruling Clarifies Definition Of 'Insured Loss'
A London appeals court's recent ruling in Royal & Sun Alliance Insurance v. Tughans, that the insurer must provide coverage for a liability that included the law firm's fees, shows that a claim for the recovery of fees paid to a firm can constitute an insured loss, say James Roberts and Sophia Hanif at Clyde & Co.
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Key Takeaways From ICO Report On Workforce Monitoring
The Information Commissioner's Office recently published guidance on workplace monitoring, highlighting that employers must strike a balance between their business needs and workers' privacy rights to avoid falling afoul of U.K. data protection law requirements, say lawyers at MoFo.