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Insurance UK
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November 12, 2025
UK Insurer Body Warns Against Rise In Premium Tax
Motorists could face new price hikes on their insurance if the government decides to raise a tax on premiums in the next budget, a trade body warned Wednesday.
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November 12, 2025
FRC Issues Standard To Improve UK Sustainability Reporting
The Financial Reporting Council released Wednesday the U.K. version of a global standard for verifying the sustainability information that companies publish alongside their accounts as it seeks to ensure that investors are better informed.
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November 12, 2025
FCA Urged To Act On Insurers' Low Claims Acceptance Rates
The Financial Conduct Authority should get a grip on the home insurance sector, a consumer body warned on Wednesday, after finding that more than a third of claims were rejected.
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November 12, 2025
Eversheds Guides Pub Chain On £62M Pension Deal
British pub giant Stonegate has completed two bulk purchase annuities with Utmost Life and Pensions worth a combined £62 million ($81 million), helping to protect the retirement benefits of 650 members.
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November 11, 2025
UK Cyber-Insurance Payouts Soar Amid Rising Digital Threats
Insurance companies paid £197 million ($260 million) to businesses that suffered from cyber-attacks in 2024, equating to a 230% year-on-year increase on the £59 million paid in 2023, the Association of British Insurers said.
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November 11, 2025
Companies Ignoring Financial Crime Risks, FCA Says
Companies ranging from wealth managers to payment services providers are ignoring financial crime risks such as money laundering and anti-bribery, the Financial Conduct Authority said Tuesday in a review of business practices.
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November 11, 2025
LCP Proposes Radical Shakeup Of UK State Pension Age
The U.K. government must push through major reforms to the state pension age, a consultancy said, warning that maintaining the current system amid soaring longevity rates is financially unsustainable.
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November 11, 2025
Linklaters, Kirkland-Led Davies To Buy Canadian Claims Biz
Professional services and technology business Davies, backed by British investment firm BC Partners LP, has agreed to acquire SCM Insurance Services, Canada's largest claims processing and risk solutions business.
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November 11, 2025
FRC Guides Asset Managers On Easier Stewardship Reporting
Britain's accounting watchdog released guidance on Tuesday for asset managers and others on compliance with the updated Stewardship Code, which will reduce the reporting burden.
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November 10, 2025
TPT Names Trustee Board For New Defined Benefit Superfund
TPT Retirement Solutions Ltd. said Monday that it has appointed a board of independent trustees to oversee its defined benefit superfund, which it recently unveiled.
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November 10, 2025
BoE Proposes New Type Of Stablecoin Regime For Payments
The Bank of England set out on Monday its planned regulatory regime for use of a new type of digital money known as systemic stablecoins to make retail payments and wholesale settlements.
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November 10, 2025
London Stock Exchange Bosses Call For Pensions Investment
The government could see a further £95 billion ($125 billion) invested in U.K. growth assets if it takes a tougher line on pension funds, the London Stock Exchange Group said.
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November 10, 2025
Insurers Dispute Liability For Yacht's $2.1M Electrical Damage
A group of insurers denied they must pay approximately $2.1 million to the owner of a yacht for supposed damage to the vessel, arguing the electrical failures were caused by pre-existing defects and improper maintenance.
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November 10, 2025
Gowling Guides Transport Mutual On £3.3M Pension Deal
The Transport Friendly Society Ltd., a U.K. mutual, has completed a £3.3 million ($4.3 million) bulk purchase annuity with Just Group PLC, the financial services company said Monday.
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November 07, 2025
UK Driving Tests Must Include Scam Avoidance, Aviva Says
Aviva on Friday called for the driving test to teach avoiding scams, and that social media platforms should only allow insurance adverts by brokers and insurers that are registered with the financial watchdog, amid concerns over sales of fake policies.
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November 07, 2025
'Name And Shame' Test Case Ruling Could Embolden FCA
Financial services companies should be ready to engage with consumers when faced with enforcement action, in a lesson from a test case of the reasoning behind a Financial Conduct Authority decision to "name and shame" a company that could encourage bolder naming actions, lawyers said.
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November 07, 2025
Seller Denies Hiding Info Ahead Of Deal In £20M Dispute
The former owner of a company bought by a subsidiary of an American technology and security conglomerate has denied that he withheld a string of alleged issues with the business ahead of the sale and is not liable for more than £20 million ($26.3 million) claimed.
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November 07, 2025
Gov't Quizzed Over Arbitration In Pension Surplus Disputes
The government has been asked to consider a formal arbitration body to navigate future disputes between businesses and savers over who benefits from an estimated £160 billion in excess pension funds.
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November 07, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Big Technologies file fresh claims against its ousted chief executive, West Ham United FC sue Arthur J. Gallagher Insurance for breach of duty, and RSM UK face a new claim over a company's administration. Here, Law360 looks at these and other new claims in the U.K.
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November 07, 2025
Broker Settles $18.7M Fraud Row With Mexican Insurance Co.
A London-based insurance broker and a Mexican reinsurance business have agreed to settle their $18.7 million row, sparked by the North American company accusing one of the British business' agents of faking documents for non-existent arrangements and pocketing the cash.
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November 07, 2025
EU Watchdog Highlights High Distribution Costs Of Funds
Almost half of what European retail investors pay to invest in mutual funds goes to distributors rather than fund managers, partly because of "opaque" practices, the bloc's financial watchdog has said in its first report assessing fund costs.
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November 06, 2025
UK Pensions Watchdog Wraps Decade-Long Case Against ITV
The Pensions Regulator said Thursday that it has finalized its deal with ITV that means the British broadcaster will now provide full pension benefits to members of the Box Clever retirement savings plan, concluding one of the watchdog's longest running cases.
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November 06, 2025
UK Pensions Body Warns Gov't Over Removing Tax Breaks
Millions of workers could lose out on hundreds of pounds a year if the government moves to end tax breaks on pension contributions, a trade body said Thursday in a stark warning to policymakers.
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November 06, 2025
Insurers Back UK Gov't's Financial Inclusion Plan
The Association of British Insurers said Thursday that it supports the government's recently launched plan to improve access to financial services and boost households' economic resilience.
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November 06, 2025
UK Pension Deals To Hit £550B By 2035, Study Finds
The U.K. pension risk-transfer market is heading for an unprecedented decade of growth, with total buy-in and buyout volumes projected to hit a high watermark of £550 billion ($720 billion) by 2035, a retirement consultancy said Thursday.
Expert Analysis
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How Courts Are Encouraging Mediation In England And Wales
As the judiciary braces for widespread pandemic-driven contractual disputes, courts in England and Wales are showing enthusiastic support for mediation, both when determining the implications of a party's refusal to mediate and when assessing whether normal restrictions on the use of mediation-derived information apply, says Leah Alpren-Waterman at Watson Farley.
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Opinion
EU Class Action Policy Guided By Wrong Measure Of Success
The political agreement obtained last month on the first European Union-wide rules on collective redress illustrates the fact that the main goal of the authorities is to increase the number of class action claims rather than focus on the application of standard civil liability principles, says Sylvie Gallage-Alwis at Signature Litigation.
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An Attractive Regime For Governing Jurisdiction Post-Brexit
As indicated by the U.K.'s recent application to join the Lugano Convention, this is an "oven-ready" option for the U.K. for governing questions of jurisdiction and the enforcement of judgments with European Union countries after Brexit — but not without important differences from the current regime, say attorneys at Latham.
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Reinsurance Implications Of COVID-19 Biz Interruption Laws
In light of legislative and public pressure in the U.S. and U.K. on insurers to cover business interruption losses related to COVID-19, reinsurers will face new questions regarding their obligation to cover claim payments, say Robin Dusek at Saul Ewing and Susie Wakefield at Shoosmiths.
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UK Appellate Rulings Clarify Arbitral Choice Of Law
Two recent U.K. Court of Appeal decisions have changed the operation of the choice-of-law test for arbitration — a resolution as significant as changing the test itself because it affects the implied choices of the contracting parties, say attorneys at Squire Patton.
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Post-Pandemic Litigation To Expect In England And Wales
Globally, we are already starting to see insolvency-related claims and a number of insurance, breach of contract, employment and securities class actions across numerous sectors. These and other claims will likely increase for U.K. businesses, say Tracey Dovaston and Fiona Huntriss at Boies Schiller.
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UK Lawyers Can Adapt Due Diligence To Screen New Clients
As COVID-19-related fraud gains pace, U.K.-based practitioners should help combat money laundering by using alternative methods to verify that new clients are who they say they are, says Christopher Convey, a barrister at 33 Chancery Lane and chair of the Bar Council's Money Laundering Working Group.
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A UK Business View Of COVID-19's Economic Fallout
Covington attorneys Alex Leitch and Harry Denlegh-Maxwell provide a bird's-eye view of how U.K. businesses will navigate the legal and economic aftermath of the pandemic, including discussion of where litigation funding, class actions, insurance disputes and force majeure fit it.
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Remote Depositions Bring Ethics Considerations For Lawyers
Utilizing virtual litigation technologies and participating in remote depositions require attorneys to beware of inadvertently violating their ethical obligations, including the principal duty to provide competent representation, say attorneys at Troutman Sanders.
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Time For Presumptive Virtual Mediation In The UK
While the COVID-19 outbreak is a real-time test of the U.K. justice system’s adaptability and innovation, it is also an opportunity to deliver alternative dispute resolution through virtual technology — and there are two ways in which this could be achieved, says Suzanne Rab at Serle Court.
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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.