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Insurance UK
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March 04, 2026
UK Pensions Regulation Needs Major Overhaul, Report Warns
Britain's pensions governance and regulatory architecture will become "unfit for purpose" within a decade unless urgent reforms are made, a cross-party think tank warned on Wednesday, highlighting growing risks in the market for workplace defined contribution plans.
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March 04, 2026
AIB Group Kicks Off €1B Share Repurchase
AIB Group PLC on Wednesday launched a €1 billion ($1.16 billion) share buyback program, underscoring its "strong financial performance" and its commitment to returning cash to stakeholders.
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March 04, 2026
FCA Plans 3-Month Prep For Motor Finance Redress
The Financial Conduct Authority said Wednesday that it would streamline the claims process and set a three-month period for businesses to get their systems ready to handle complaints and requests for compensation under its motor finance redress program.
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March 04, 2026
Pensions Dashboard Project Launches Second Testing Phase
The government organization behind Britain's long-awaited pensions dashboards project has called for more volunteers to take part in the next round of consumer testing for its online retirement savings portal.
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March 03, 2026
Royal Mail Posts 6% Increase For Collective Pension Members
Members of the Royal Mail's collective defined contribution plan will see an above-inflation pension increase of 6.4%, representing what experts say is a "great result" for pensioners in the U.K.'s first and only authorized CDC scheme.
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March 03, 2026
Value For Money Framework Must Prioritize Savers, TPT Says
Regulators must refine planned new rules to strengthen oversight of the U.K.'s defined contribution pension programs as some proposals could dilute accountability and undermine member outcomes, TPT Retirement Solutions said Tuesday.
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March 03, 2026
Allianz, TotalEnergies Partner On €500M Battery Storage Deal
AllianzGI said Tuesday that it has worked with TotalEnergies SE to develop €500 million ($580 million) worth of battery storage projects in Germany, entering the green energy storage market for the first time.
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March 03, 2026
Legal, Audit Bodies Need Tighter AML Controls, FCA Warns
Legal and accountancy professional bodies are failing to adequately enforce anti-money laundering rules for their member firms, a unit within the Financial Conduct Authority warned Tuesday.
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March 03, 2026
Broadstone To Buy Financial Services Consultancy Rockstead
Retirement savings consultancy Broadstone said Tuesday that it has agreed to acquire another consultancy that advises on financial services in a move to expand its banking and credit advisory services.
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March 02, 2026
HMRC Bags Extra £16B From Big Businesses, Audit Says
HM Revenue & Customs collected almost £16 billion ($21.3 billion) in extra tax revenue from the biggest businesses in fiscal year 2024-25 after it took a stricter approach to compliance, the National Audit Office found.
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March 02, 2026
Insurance Broker Rejects 'Hopeless' Unpaid Loan Claim
An insurance broker and its sole director have denied owing a real estate investment company over a nearly £227,000 ($303,500) loan facility because no actual money was drawn down under the agreement.
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March 02, 2026
TPR Tells Providers To Adapt To Modern Work Patterns
The Pensions Regulator told pension providers Monday that any future default plans must take into account different patterns among modern savers to design smarter default strategies that could help workers achieve a sustainable income in retirement.
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March 02, 2026
UK Insurer Beazley Backs £8.2B Zurich Takeover
British insurer Beazley said Monday that it has accepted an £8.2 billion ($11 billion) cash takeover offer from Zurich, after months of courting, in order to create a global specialty insurer.
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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.
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.