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Insurance UK
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November 17, 2025
SocGen To Launch An Additional €1B Share Buyback Program
Société Générale said Monday it will roll out a new €1 billion ($1.2 billion) share repurchase program, a move expected to lower its outstanding share capital.
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November 14, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Freeths face a professional negligence claim from a Scottish car dealership, Rolls-Royce sue logistics giant Kuehne + Nagel, and a team of Oberon Investments Group investment managers sued by their former employer.
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November 14, 2025
UK Compensation Program To Slash Annual Levy To £342M
The Financial Services Compensation Scheme said it is on track to slash £14 million ($18.4 million) from its levy on businesses in 2026 as it predicts that claims against pension providers will fall.
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November 14, 2025
BoE Weighs New Role For Capital Markets In Life Insurance
The Bank of England said Friday it is considering ways in which life insurance companies can package risk for private investors in a bid to further boost the rapidly growing industry.
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November 14, 2025
Denmark Has Until Dec. 12 To Appeal £1.4B Cum-Ex Defeat
Denmark has 28 days to try to revive its £1.4 billion ($1.8 billion) case over a tax fraud allegedly orchestrated by convicted hedge fund trader Sanjay Shah, a judge said Friday as he gave full reasons for refusing permission to appeal.
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November 14, 2025
AXA XL Settles With Lessor In $334M Stranded Planes Claim
An Irish aircraft lessor has reached a settlement with AXA XL in its $334 million claim against several major insurers over payouts for planes stranded in Russia following the invasion of Ukraine, the latest development in wide-ranging multibillion-dollar litigation.
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November 13, 2025
Geopolitical Uncertainty Pushes UK Pension Profit Warnings
More than half of the profit warnings issued between July and September by London-listed companies that have a defined benefit pension scheme cited policy change and geopolitical uncertainty as the cause, a professional services firm said Thursday.
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November 13, 2025
Broker Says Asset Manager Owes Unpaid Finder's Fees
Investment broker Musst Holdings Ltd. said Thursday that an asset manager owed it unpaid finder's fees for $85 million in investments Musst had facilitated.
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November 13, 2025
FCA Warns CFD Firms Over Unfair Consumer Practices
The Financial Conduct Authority on Thursday warned some providers of a type of financial bet called contracts for difference are failing to provide "fair value" for U.K. consumers.
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November 13, 2025
Insurance Lobby Pushes Back On Rumored Budget Changes
The government risks undermining the financial security of millions if it pushes ahead with rumored changes to pension tax relief in the budget, an insurance trade body warned Thursday.
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November 13, 2025
UK Gov't To Rethink WASPI Ruling On Eve Of Court Date
The government said it will reassess its controversial decision not to pay compensation to millions of women over state pension shortfalls, after new evidence emerged before an upcoming legal battle with campaigners.
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November 12, 2025
HMRC Hikes Business Fees For Supervising AML Compliance
The U.K. tax authority disclosed Wednesday that it will be increasing the fees it charges businesses to cover the cost of supervising them for compliance with anti-money laundering and terrorist financing regulations.
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November 12, 2025
FCA To Work With Singapore To Drive AI Innovation
The Financial Conduct Authority said Wednesday that it has struck up a partnership with its Singaporean counterpart to support safe innovation in artificial intelligence as it moves to strengthen its international footprint.
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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.
Expert Analysis
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Creditors Welcome UK Supreme Court's Reflective Loss Decision
The U.K. Supreme Court's recent Sevilleja v. Marex decision benefits creditors and other stakeholders by excluding their claims from the reflective loss principle, which precludes third-party complaints that merely reflect company loss, say Robert Fidoe and Jack Moulder at Watson Farley.
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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.