A ruling by Britain's highest court that allows insurers to cut payouts for claims based on COVID-19 furlough payments could affect how other types of government financial support will work in the future, lawyers say.
An approaching deadline for new claims for COVID-19 business interruption has prompted a series of last-minute court filings, but lawyers say that any fresh disputes will be narrow and likely to focus on complex questions not resolved by earlier test cases.
Insurers are likely to run again into the thorny question of whether aircraft grounded amid airport closures in the Middle East are already within the "grip of the peril" if leasing companies make claims for damages on canceled policies, lawyers said.
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The Financial Conduct Authority has been given a lead role in targeting money laundering, crypto-assets and money transfer scams in a government fraud strategy involving multiple agencies, which lawyers expect will boost enforcement action and heap a new compliance burden on financial institutions.
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A ruling by Britain's highest court that allows insurers to cut payouts for claims based on COVID-19 furlough payments could affect how other types of government financial support will work in the future, lawyers say.
An approaching deadline for new claims for COVID-19 business interruption has prompted a series of last-minute court filings, but lawyers say that any fresh disputes will be narrow and likely to focus on complex questions not resolved by earlier test cases.
Insurers are likely to run again into the thorny question of whether aircraft grounded amid airport closures in the Middle East are already within the "grip of the peril" if leasing companies make claims for damages on canceled policies, lawyers said.
The Financial Conduct Authority has been given a lead role in targeting money laundering, crypto-assets and money transfer scams in a government fraud strategy involving multiple agencies, which lawyers expect will boost enforcement action and heap a new compliance burden on financial institutions.
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May 05, 2026
Insurance giant Aviva has acquired specialist business DisasterCare Group, which connects insurers and customers with local disaster recovery and restoration suppliers.
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May 05, 2026
Anthropic has launched a global services company with Blackstone, Goldman Sachs and Hellman & Friedman to help banks and other businesses including in the U.K. invest in an artificial intelligence technology that Anthropic says has identified widespread cyber vulnerabilities.
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May 05, 2026
Insurance broker WTW said Tuesday it has completed its acquisition of Cushon, a workplace pension and savings provider, from NatWest Group after getting the thumbs-up from the Financial Conduct Authority.
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May 05, 2026
Arc Pensions Law said Tuesday it has hired lawyer Matthew Swynnerton, a partner at DLA Piper and the chair of the Association of Pension Lawyers.
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May 05, 2026
Businesses could see rapid changes to their insurance as underwriters react to the wider economic effects of the war in the Middle East, an insurance broker warned Tuesday.
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May 05, 2026
The European Union financial markets watchdog has launched proposals to simplify reporting on funds and broader transaction by slashing the regulatory burden on both businesses and national regulators.
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May 05, 2026
More than two million motor insurance policyholders in Ireland will see much greater transparency on how their premiums are calculated after leading insurance bodies started implementing a new code designed to boost clarity, the Irish government has said.
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May 05, 2026
Bakkavor Foods Ltd. has completed a £160 million ($217 million) full scheme buy-in with its pension program, securing the retirement benefits of the plan's 2,216 members, U.K. pensions insurer Rothesay said Tuesday.
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May 01, 2026
An aircraft leasing company has settled its $40.5 million claim against insurer AXA for aircraft currently stranded in Russia since the beginning of the war in Ukraine.
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May 01, 2026
Reforms to workplace and private pensions should complement but not replace public retirement savings systems in Europe, an official European Union advisory body warned Friday, amid growing moves across the bloc to improve access to supplementary pensions.
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May 01, 2026
The past week in London has seen a Swiss energy trader bring a Financial List claim against shipping benchmarking company Baltic Exchange, law firm Slater and Gordon sued by a former client, Slack and Salesforce hit Microsoft with an antitrust claim, and Stephen Fry bring a personal injury claim after he broke bones falling off a stage. Here, Law360 looks at these and other new claims in the U.K.
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May 01, 2026
Insurers could be forced to hike prices for bulk purchase annuity deals as a result of a crackdown by regulators on risky forms of offshore reinsurance, analysts said Friday.
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May 01, 2026
The government must ditch the triple lock and radically reform the wider state pension system, a think tank said Friday.
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May 01, 2026
Motor insurance premiums in Britain remained broadly unchanged in the first three months of 2026, but rising vehicle repair costs continue to pile pressure on both insurers and drivers, according to the Association of British Insurers.
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May 01, 2026
A government-backed flood reinsurance program managing more than £1 billion ($1.36 billion) in assets has picked an Aberdeen Group subsidiary to act as its sole asset manager, the business has said.
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April 30, 2026
The Financial Reporting Council published its final revision on Thursday to incoming auditing standards for assessing the risk of fraud and a company's ability to keep operating in the foreseeable future, highlighting a demand for greater transparency in audit reporting.
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April 30, 2026
Schroders Capital has said one of its investment vehicles has committed more than £100 million ($135.2 million) of pension capital and government-backed money to a range of British technology and artificial intelligence startups.
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April 30, 2026
The U.K. retirement savings watchdog has finalized rules for new collective type pension plans, which will go live in October.
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April 30, 2026
The government has said it will introduce reforms to allow existing capital market structures to be used for the U.K.'s planned new captive insurance regime.
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April 30, 2026
A group of insurers has claimed they do not have to pay any more to a pensions provider because its policy limits have been exhausted, arguing that the court should not restore the £35 million ($47.3 million) annual liability limits of the policies.
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April 29, 2026
A global standard setter published finalized guidance on Wednesday for regulators and national authorities to determine which insurance companies should be required to prepare for potential failure.
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April 29, 2026
The number of complaints made by consumers to the Financial Conduct Authority over insurance spiked 10% in the second half of 2025, official figures show, months after a landmark "super complaint" into widespread failings in the sector.
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April 29, 2026
The government's planned pension reforms passed into law on Wednesday after ministers agreed to introduce last minute guardrails on controversial new powers.
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April 29, 2026
The Financial Conduct Authority said Wednesday in its latest Market Watch newsletter that businesses must share customer information with each other on market abuse and other financial crime as far as the law allows.
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April 29, 2026
The Bank of England's regulatory arm floated measures on Wednesday that would see funded reinsurance transactions involving U.K. life insurance companies face enhanced regulatory requirements, amid fears its growing use poses wider risks to financial stability.