Insurance UK

  • June 13, 2025

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

    This past week in London has seen Tottenham Hotspur FC kick off against Manchester United co-owner Ineos Automotive following a soured sponsorship deal, Acer and Nokia clash over patents for video coding technology, and two investors reignite litigation against the founders of an AI exercise bike business that unlawfully pocketed $1.2 million in investments to fund their own lifestyles. Here, Law360 looks at these and other new claims in the U.K.

  • June 13, 2025

    Norton Rose Steers Insurance Biz Samsung On Acquisition

    Samsung Fire & Marine Insurance has agreed to snap up a further 21% holding in Canopius Group Ltd., raising its stake in the global reinsurer to 40%.

  • June 13, 2025

    FCA Sees 'More To Do' In Reshaping Regulation For Growth

    The Financial Conduct Authority responded Friday to parliamentary calls for more growth-oriented regulation, saying that it is exploring new ways to boost Britain's international competitiveness on top of the steps it has already taken.

  • June 13, 2025

    Watchdog Says Pensions Regulation Is 'Unfinished Business'

    The U.K. government's planned reforms to retirement savings plans is the biggest shakeup to the sector in more than a decade, the boss of The Pensions Regulator has said.

  • June 12, 2025

    Lords Urges Regulators To Shed Risk-Aversion, Boost Growth

    A cross-party House of Lords committee called Friday on the U.K.'s financial services watchdogs to change their culture of risk-aversion which is preventing them from promoting growth in the economy.

  • June 12, 2025

    TATA AIG Leads Insurance Cover For Air India Crash

    TATA AIG General Insurance Co. Ltd. is the lead insurer for hull and liability on the Air India flight that crashed just after take off in Ahmedabad, India on Thursday, according to two sources with direct knowledge of the situation.

  • June 12, 2025

    Markel Unveils Insurance Product To Tackle Cyber Threats

    Markel Insurance has launched a product it said would help insurance technology companies navigate the "complex landscape" of cyber threats, crime and financial liabilities.

  • June 12, 2025

    Lost Russian Jets Ruling Has Global Implications For Insurers

    A London court ruling that major insurers must compensate aircraft lessors for planes seized by Russia will provide useful support for companies seeking repayments for assets stranded in conflict zones with little probability of their return.

  • June 12, 2025

    Broadstone Buys ExactVAL To Boost Pension Transactions

    Retirement consultancy Broadstone said Thursday it has bought actuarial service provider ExactVAL to support insurers in carrying out pension transactions.

  • June 12, 2025

    Gowling Steers Pension Insurer's £150M Buy-In For Reach

    Just Group, a pensions insurer, revealed on Thursday it has taken on retirement plan liabilities worth £150 million ($204 million) from a program sponsored by publishing giant Reach.

  • June 12, 2025

    UK Insurers Press Gov't For Long-Term Flood Resilience Plan

    Britain's insurance sector has welcomed £4.2 billion ($5.7 billion) in government spending earmarked for flood defenses, but says more needs to be done.

  • June 12, 2025

    Baker McKenzie Guides Credit Agricole's €345M Care Biz Deal

    The healthcare subsidiary of French banking giant Crédit Agricole SA said Thursday that it will buy Petits-fils, an at-home services provider for the elderly in France, for €345 million ($400 million) from French care provider Clariane SE.

  • June 12, 2025

    5 Questions For Howard Kennedy Partner Rebecca Hume

    The U.K government is putting crypto-assets at the heart of its growth agenda, relying on the Financial Conduct Authority to shore up regulation of the sector.

  • June 11, 2025

    UK Growth Push Puts FCA Enforcement On Unfamiliar Footing

    The government's demand that regulators should prioritize growth is "largely incompatible" with their duty to deter misconduct, say lawyers who are warning clients not to interpret the political messaging as a green light to engage in risky behavior.

  • June 11, 2025

    EU Insurers Push For Major Cuts To Sustainability Reporting

    A trade body for European insurers has urged the EU to "substantially" reduce the scale of one of its flagship sustainability reporting regimes, arguing that the framework needs clarification and simplification.

  • June 11, 2025

    EU Lawmakers Urged To Boost Share Settlement Competition

    A trade body for financial institutions in Europe has asked lawmakers to prioritize making clearing and settlement service more competitive in plans to integrate and grow European Union capital markets.

  • June 11, 2025

    Irish Health Insurance Uptake Dips As Prices Rise

    Ireland's Health Insurance Authority reported on Wednesday that the number of policies purchased in the sector has fallen, amid indications that rising prices for cover could be affecting the market.

  • June 11, 2025

    FCA Warns Financial Advisers Of Retirement Advice Failings

    The City watchdog said Wednesday that it has found that companies providing retirement income advice are failing to record clients' financial situations or revisit their attitude to risk in a thematic review.

  • June 11, 2025

    Nearly 80% Of Trustees Plan To Access Pension Surplus

    More than three-quarters of retirement savings plan trustees have said they are planning to use new powers floated by the government that will allow them to distribute surpluses tied up in their schemes, a consultancy has said. 

  • June 11, 2025

    War Risk Insurers Held Liable For Jets Stranded In Russia

    Major insurers are liable to payout in a multibillion-dollar dispute over hundreds of aircraft stranded in Russia following the invasion of Ukraine in 2022, after a London judge ruled on Wednesday that the jets and engines are officially lost.

  • June 10, 2025

    Underwriters Back Ethnicity, Disability Pay-Gap Reporting

    A British trade group for underwriters said Tuesday that it backed recent government plans to introduce mandatory reporting on ethnicity and disability pay gaps, but said policymakers should ensure data is collected safely to preserve anonymity.

  • June 10, 2025

    Insolvency Service Hires Crypto-Specialist To Aid Recoveries

    A U.K. government agency responsible for investigating company insolvencies has appointed its first crypto-specialist to help recover digital assets such as bitcoin for creditors.

  • June 10, 2025

    Expanding FCA Taps Ex-Crime Agency Exec As Deputy CEO

    The Financial Conduct Authority said Tuesday that it has appointed Sarah Pritchard, a qualified litigator and former director of the National Economic Crime Centre, as deputy chief executive to handle its expanding remit.

  • June 10, 2025

    Insurers Using More 'Sweep-Up' Clauses In Policies

    Insurers might increasingly be using "sweep-up" clauses in contracts to circumvent policyholder protections introduced in landmark legislation a decade ago, a trade body warned Tuesday.

  • June 10, 2025

    FCA's Rathi Tries To Gauge Gov't Risk Appetite For Crypto

    The Financial Conduct Authority warned a cross-party group of MPs on Tuesday it needed a steer on the government's risk appetite for crypto-assets amid the push for U.K. competitiveness and economic growth.

Expert Analysis

  • UK Claim Limitation Ruling Is A Tentative Win For Insurers

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    A U.K. county court's recent decision in Rashid v. Direct Savings reduces the limitation period for third parties to make direct claims against insurers, potentially providing insurers with a defense that was not previously apparent, if the decision is upheld on appeal, says Robert Morris at RPC.

  • Why Risk-Based Employee Conduct Policies Are Advisable

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    In establishing employee conduct policies, companies should consider the extent to which they are exposed to certain types of risk, such as bribery and corruption, as establishing clear written standards offers a step toward avoiding criminal liability, says Steve Melrose at Bellevue Law.

  • A Trusted Cybersecurity Framework Is Imperative For Lawyers

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    The recent increased risk of cyberattacks has a number of profound implications for law firms, and complying with government guidance by embedding a cyber-savvy culture and adhering to a security framework will enable lawyers to add extra layers of defense and present their clients with higher levels of protection, says Marion Stewart at Red Helix.

  • The New EU Data Act Proposal Raises Several Questions

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    In its aim to improve users' rights to access industrial data, the proposed Data Act demonstrates the European Commission’s awareness of the competitive advantage this can bring, but there are concerns as to how it would work in practice, and it appears unlikely that the U.K. will follow a similar framework, say Nick Phillips and Selina Clifford at Edwin Coe.

  • Preparing For FCA's New Appointed Representative Rules

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    The Financial Conduct Authority's new rules make authorized financial firms acting as principal more responsible for their appointed representatives and take effect in less than three months, so firms must understand the changes and undertake a gap analysis of current policies against the requirements as soon as possible, say attorneys at Herbert Smith.

  • Opinion

    A Better Gov't Response To Pensions Misselling Is Needed

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    To finally clamp down on the pensions misselling we have seen emerge of late, such as the recent scandal involving a Qualifying Recognized Overseas Pension Scheme, a robust regulatory regime is needed to put an end to inadequate enforcement and unwise legislative innovation in U.K. pensions law, says Ben Rees at Keller Postman.

  • A Review Of The New UK Financial Services And Markets Bill

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    In revoking retained EU law and replacing it with U.K.-specific legislation, the new Financial Services and Markets Bill should mean a less cumbersome and more accessible regulatory regime than the existing patchwork of requirements, with provisions that address consumers’ concerns that they were not adequately protected, say attorneys at Ashurst.

  • How Greenwashing Litigation Is Affecting Financial Services

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    A rising demand for sustainable investment is likely to lead to an increase in claims of greenwashing, where a company's marketing falsely portrays its output as producing positive environmental outcomes, which carries risks for investors and insurers, says Kirsty Finlayson at Browne Jacobson.

  • FCA Consumer Duty Shows Shift In Retail Financial Services

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    The Financial Conduct Authority’s newly published guidance on consumer duty sets higher expectations of the standard of care that financial firms give retail customers, meaning boards and senior management should expect to be held accountable for embedding a culture in which consumers' needs come first, say Claire Carroll and Sumitra Subramanian at Eversheds Sutherland.

  • Pandemic Rent Ruling Is A Blow To Commercial Tenants

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    The recent U.K. Court of Appeal decision in London Trocadero v. Picturehouse demonstrates that even exceptional COVID-19-related circumstances will not induce courts to interfere with a previously considered allocation of risk between parties or imply terms in a contract, says Gurpreet Sanghera at Simkins.

  • Building Inspector Insurance And Its New Relaxed Rules

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    The U.K. government recently opened up the market for approved building inspector insurance in the aftermath of the 2017 Grenfell Tower tragedy, but it does not appear to have considered the impact this may have on homeowners and developers, say Alan Stone and Jonathan Carrington at RPC.

  • New Corporate Insolvency Data Reveals Unexpected Results

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    For a variety of reasons there has been a slower than anticipated increase in U.K. corporate insolvency figures in recent months, although there may be a time lag between economic difficulties and sentiment among investors, lenders and business owners, and it is likely that numbers will rise in the autumn, says Jeremy Whiteson at Fladgate.

  • How The Latest Trends In Litigation Funding Are Developing

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    With investors looking for alternative assets that can achieve returns and claimants likely to be cash poor in the current economic downturn, the signs are that the litigation funding market is not only here to stay, but is set to expand, says Simon Thomas at Baker & Partners.

  • Pros And Cons Of Regulating Finance Sector's Third Parties

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    Recent proposals by the U.K. Treasury could lead to regulation of those designated as critical third parties in finance, and legislation will be needed to ensure technology suppliers are not deterred from participating in the financial services markets, say attorneys at Addleshaw Goddard.

  • UK Online Safety Bill Delayed, But Firms Should Still Prepare

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    Despite delays and content providers' concerns regarding the impact on their profitability, it appears certain that the Online Safety Bill will be enacted in one form or another, mirroring proposals in the EU and U.S., so tech firms must prepare for a new regulatory framework that will require them to tackle illegal and harmful content on their services, say attorneys at Dechert.

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