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Insurance UK
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June 26, 2025
Gov't Mulls Mandating Climate Plans From Banks, Insurers
Large banks and insurance companies in Britain could be forced to develop and publish a strategy for how they plan to align their business with global climate targets under proposals floated by the U.K. government.
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June 26, 2025
PIC Inks £900M Pension Deals For Energy Tech Biz
Pension Insurance Corp. PLC said Thursday that it has completed buy-ins with three plans sponsored by Baker Hughes Co., a global energy technology business, covering liabilities worth £900 million ($1.2 billion).
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June 25, 2025
Solicitor Hit With £30K Court Bill Over Fake Car Claims
A solicitor has been handed an eight-month suspended sentence and a £30,874 ($40,871) bill for filing false claims that city potholes in Stoke-on-Trent were damaging cars, following an investigation that uncovered anomalies in his invoices.
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June 25, 2025
EU Watchdog Pushes To Expand Digital Asset Program
The European Union's market watchdog advised lawmakers Wednesday to make a pilot scheme for tokenizing securities on digital ledger technology more flexible for investors and permanent.
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June 25, 2025
EU Insurers Push For Simplified Cybersecurity Regulation
A trade body for European insurers urged the European Commission on Tuesday to streamline the bloc's potentially counter-productive rule book on cybersecurity and digital resilience to help reduce duplication as the compliance burdens on the sector increase.
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June 25, 2025
Insurance Reforms Offer No Benefit, Irish Cos. Claim
Almost all businesses in Ireland claim they have not benefited from sweeping insurance reforms introduced by the country's government in recent years, campaigners said Wednesday.
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June 25, 2025
Adviser Wren Sterling Expands In Scotland With Acquisition
Financial and pensions advisory business Wren Sterling said Wednesday that it has acquired City Financial (Aberdeen) Ltd., expanding its presence in Scotland.
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June 25, 2025
Geopolitical Instability Tops Aviation Insurers' Concerns
The threat of further geopolitical instability is the biggest headache that aviation insurers anticipate over the next five years, according to a survey published Wednesday.
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June 24, 2025
UK Insurers Back Gov't Plan For Long-Term Growth
The Association of British Insurers has publicly backed the government's decade-long industrial strategy designed to promote business investment and growth in the U.K.
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June 24, 2025
Groups Urge EU To Trim Sustainable Finance Reporting Rules
Top global financial services industry trade bodies have urged European lawmakers in its review of the Sustainable Finance Disclosure Regulation to cut duplication with other sustainability reporting rules and reflect derivatives more clearly.
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June 24, 2025
Gateley Denies Housing Developer's Negligence Claim
Gateley PLC has denied that a law firm it acquired gave negligent advice to a housing developer during the purchase of two sites in southeast England and said that alleged legal restrictions on the land have not rendered the plots unprofitable.
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June 24, 2025
Insurers Hike Marine Premiums Due To Iran-Israel War
Insurers have hiked premiums for ships traveling in the waters around the Middle East amid the risk of insurance industry losses stemming from the Iran-Israel war, according to an analyst's report published Tuesday.
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June 24, 2025
Treasury Official Tapped As Interim Pensions Regulator Chair
The government has revealed Civil Service veteran Kirstin Baker as the next interim chair of Britain's retirement savings watchdog.
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June 24, 2025
Danish Pensions Fintech Biz Expands Into UK Market
Festina Finance, a Danish financial technology company, said it has begun fully operating its retirement savings platform for administrators of British pension plans.
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June 23, 2025
EU Fund Managers Could See Simplified Data Reporting
The European Union's financial watchdog on Monday released proposals to simplify how asset managers report data to regulators.
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June 23, 2025
Campaigners Agree Cost Cap In State Pension Redress Row
Campaigners said Monday they have agreed to cap legal costs with the Department for Work and Pensions in their fight against the government's decision not to pay compensation for historic failures around women's state pensions.
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June 23, 2025
LCP Hits Milestone With Pensions Dashboard Connection
Consultancy Lane Clark & Peacock LLP has connected its first pensions administration manager to the government's private sector pensions dashboard, providing savers with access to their financial retirement information.
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June 23, 2025
Aviva Pushes Investment In Nature-Based Flood Solutions
Insurance giant Aviva said on Monday its backing of a low-cost project to increase resilience to flooding in Norfolk is paying off, with impact analysis showing homes have been protected effectively.
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June 23, 2025
Squire Patton Steers Just's £67M Pension Deal For 2 Plans
Pension insurer Just Group said Monday it has penned a £67 million ($90 million) retirement savings deal for two plans, guided by law firm Squire Patton Boggs LLP.
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June 20, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Pogust Goodhead face legal action from mining giant BHP Group, Trainline bring a procurement claim against the Department for Transport, Sworders auction house sue Conservative peer Patricia Rawlings, and Nokia hit with a patents claim by Hisense. Here, Law360 looks at these and other new claims in the U.K.
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June 20, 2025
FCA's Crypto Ban Reversal Unleashes Consumer Harm Risk
The Financial Conduct Authority's proposed reversal of its ban on crypto exchange-traded notes for retail investors has paved the way for immeasurable consumer harm, U.K. and U.S. lawyers have warned.
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June 20, 2025
EU Body Issues Warning On Anti-Greenwashing Regulation
The European Union's markets regulator warned Friday that national authorities across the economic bloc will approach enforcement of anti-greenwashing reporting standards in different ways in an online statement.
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June 20, 2025
EU Insurers Defend Use Of Funded Reinsurance
A trade body for European insurers defended the increasing use of cross-border reinsurance deals, as regulators weigh potential systemic risks if such arrangements were to fail.
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June 20, 2025
European Funds Call For More Competitive Tokenization Rules
The trade body for European fund managers called Friday for harmonization of the fragmented rules on tokenization across member states in a regulatory reform strategy to stay ahead of competitors like Singapore and Switzerland.
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June 20, 2025
Insurance M&A Likely To Withstand Challenges, Adviser Says
Dealmaking in the insurance broking sector will likely withstand the current rising economic uncertainty, an official at corporate finance advisory MarshBerry cautioned Friday.
Expert Analysis
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UK 'Property' Classification Boosts Confidence In Bitcoin
In AA v. Persons Unknown, the English High Court classified bitcoins as property that can be the subject of proprietary injunctions, indicating the slow but growing acceptance of virtual currencies within the U.K., say Steven De Lara and Colin Grech at Signature Litigation.
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3 EU And UK Data Protection Tips During COVID-19
Though EU and U.K. data protection laws should not impede the fight against COVID-19, companies must continue to protect individuals' data, and the challenges of managing a remote workforce and the desire for information about the virus’s impact have significant implications for that responsibility, say attorneys at Debevoise.
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Novolex Case Brings Lessons On R&W Insurance
A New York state court dispute between Novolex and a few of its insurers concerning coverage under a representations and warranties policy for a $267 million loss offers a rare glimpse into how a court might interpret acquisition agreements and insurance policy provisions, say attorneys at Hunton.
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How Proposed EU Class Action Directive Could Affect Insurers
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.
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COVID-19 Insurance Considerations For UK Cos.
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.
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UK Group Data Breach Claims Pose Big Financial Risks
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.
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A Crucial Chance For UK Supreme Court To Clarify Arbitrator Bias
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.
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Rebuttal
Legal Industry Should Pursue AI Prediction Progress
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.
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Rebuttal
AI Can't Accurately Predict Case Length And Cost — Yet
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.
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What To Expect During The Brexit Transition Period
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.
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Opinion
Legal Prediction Is Demanding But Not Impossible
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.
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Surefire Marketing Methods To Build Your Legal Practice
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.
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Mandatory Mediation May Lie Ahead For England And Wales
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.
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Key Risks And Developments For UK Law Firm Culture In 2020
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.
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Cos. Can Start Preparing Now For Immigration Beyond Brexit
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.