Insurance UK

  • March 11, 2026

    Direct Line Unit Fined £10.6M For Solvency Miscalculation

    The Prudential Regulation Authority said on Wednesday that it has fined UK Insurance Ltd. £10.63 million ($14.27 million) for miscalculations that led the insurer to overstate its solvency position to the watchdog and the market.

  • March 10, 2026

    Insurer Can't Oust Arbitrator In Asbestos Fight, Court Told

    An arbitrator and a group of reinsurers sought to toss an insurer's bid to disqualify the arbitrator from a dispute over coverage for millions of dollars' worth of asbestos bodily injury claims, telling a New York federal court that it lacks authority to remove him.

  • March 10, 2026

    UK Pension Surplus Growth May Dip Amid Middle East War

    The conflict in the Middle East has introduced "significant volatility and uncertainty" for pension scheme trustees despite the aggregate funding surplus of U.K. defined benefit plans growing in February, Broadstone said Tuesday.

  • March 10, 2026

    Canada Life Completes £105M Pension Buy-In Deal

    Canada Life said Tuesday it has completed a £105 million ($141.4 million) full-scheme buy-in with a U.K. pension scheme sponsored by an unidentified industrial company, securing benefits for more than 1,800 members.

  • March 10, 2026

    FCA Pushes Pension Providers For Input On Value Creation

    The Financial Conduct Authority called on pensions providers and managers on Tuesday to prioritize further engagement with the regulator on a planned framework for workplace pensions, asking them to show how much value for money they offer.

  • March 10, 2026

    FRC Investigates Vistry Accountants Over Financial Forecasts

    The U.K.'s accounting watchdog on Tuesday launched a probe into two former employees of Vistry in the wake of a £165 million ($222 million) miscalculation two years ago that cut into the homebuilder's profits.

  • March 10, 2026

    UK Insurers' Body Backs 'United' Gov't Anti-Fraud Strategy

    The Association of British Insurers said on Tuesday that it backed the "united approach" at the heart of the government's latest fraud strategy, which is designed to prevent the most common crime in the U.K.

  • March 10, 2026

    Insurer Sabre Eyes Another £5M Buyback As Premiums Fall

    Sabre Insurance Group PLC said Tuesday that it will reward shareholders with another share repurchase program worth up to £5 million ($6.7 million) as it reported lower premiums.

  • March 09, 2026

    Retailer Can't Add Broker To Rosenblatt Negligence Case

    A fashion retail entrepreneur cannot sue an insurance broker as part of a wider negligence case against a law firm over the collapse of his fashion brands Jaeger and Aquascutum, with a London judge ruling that he must keep the total number of defendants at 19. 

  • March 09, 2026

    Insurers Sued For £35M Over Failure To Cover PI Claims

    A pensions provider has sued a group of insurers for failing to indemnify it for payouts to hundreds of investors, asking the court to restore the £35 million ($47 million) annual liability limits of its policies once the sum had been paid out in claims.

  • March 09, 2026

    UK Master Trusts Told To Prepare For Pensions Bill

    Britain's retirement savings watchdog said on Monday that trustees of defined contribution master trusts should prepare a growth strategy before requirements set out in forthcoming pensions legislation designed to consolidate smaller plans take effect.

  • March 09, 2026

    Clifford Chance Led Generali In €337M Units Sale To Zurich

    Italian insurance company Generali said Monday that it has agreed to sell its property and casualty insurance business in Ireland and Northern Ireland to Zurich Insurance Group for €337 million ($390 million) in an all-cash deal.

  • March 09, 2026

    UK Pension Funds Warned Over Turmoil From Iran War

    Pension fund managers should be prepared for turmoil in credit markets because of the ongoing conflict in the Middle East, a financial consultancy has warned.

  • March 09, 2026

    Athora Raises €3.5B As Deal For Insurer PIC Gets Green Light

    Retirement savings giant Athora Holding Ltd. said it has raised €3.5 billion ($4 billion) to fund its acquisition of the U.K.'s Pension Insurance Corp. PLC, as it disclosed it had received regulatory approval for the mega-deal.

  • March 09, 2026

    UK Insurers Call For Trial Run Of Value-For-Money Framework

    The Association of British Insurers has said the planned framework designed to strengthen oversight of the U.K.'s pension programs should be trialed before any assessments are binding, to prevent errors that might dent credibility. 

  • March 08, 2026

    Gov't Launches New Fraud Squad To Fight Online Scams

    A new fraud squad designed to crack down on online fraud and overseas scam compounds will begin operations in April, drawing together expertise from law enforcement, the government, banks and big tech, the Home Office said on Sunday.

  • March 06, 2026

    Taxation With Representation: Slaughter And May, Kirkland

    In this week's Taxation With Representation, British insurer Beazley accepts a cash takeover offer from Zurich Insurance Group, a consortium of investors led by Blackrock's Global Infrastructure Partners and the EQT Infrastructure VI fund buys energy company AES, and private equity firm Thoma Bravo acquires third-party logistics provider WWEX.

  • March 06, 2026

    Aegon Calls For 2-Year Trial Of Value For Money Framework

    The government and two of the country's top regulators should run their framework designed to strengthen oversight of the U.K.'s pension programs on a provisional two-year trial basis to ensure the new plan runs successfully, Aegon said Friday.

  • March 06, 2026

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

    This past week in London has seen British American Tobacco sued by more than 100 investors, the government bring a claim against a COVID-19 supplier of personal protective equipment, Annington Funding sue its new corporate trustees on the Financial List, and Piers Morgan hit with a defamation claim from a pro-Israel barrister he interviewed on his YouTube channel. 

  • March 06, 2026

    Pensions UK Aims To Close Retirement Saving Equality Gaps

    Pensions UK has said it will focus on improving retirement outcomes, boosting economic growth through investment and strengthening the resilience of the system, as the industry body sets out its policy priorities to help shape the future of Britain's retirement sector.

  • March 06, 2026

    FCA Disputes 'Unreasonable' Early Closure Of Probe

    The Financial Conduct Authority has rejected a decision by the Complaints Commissioner that the watchdog unreasonably closed an investigation into unauthorized promoter Amyma for allegedly marketing unregulated bonds to consumers.

  • March 06, 2026

    UK Insurers Hold Cover For Persian Gulf Shipping, At A Price

    Insurers in the specialist London market continue to provide insurance for high-risk shipping in the Persian Gulf despite the intensifying war with Iran, market experts say, but the price of cover has soared to eye-watering levels.

  • March 06, 2026

    Unions Call For Greater Worker Voice On Pension Boards

    The government should set minimum standards for the number of workers included on the boards of pension trustees to ensure better results for their members in a market set to have fewer, larger retirement programs, the Trades Union Congress has said.

  • March 05, 2026

    BAT Sued By Investors Over North Korean Sanctions Breach

    Investors have sued British American Tobacco in England over the cigarette company's failure to disclose information about its activities in North Korea, which led to it paying U.S. authorities hundreds of millions of dollars for violating sanctions.

  • March 05, 2026

    Stronger Gov't Safeguards Needed For Trusteeship, TPT Says

    Governance frameworks must evolve to match the complexity and emerging risks that will come from a pensions sector marked by fewer, larger programs, TPT Retirement Solutions said Thursday, calling for stronger safeguards to protect trustee independence.

Expert Analysis

  • Reinsurance Implications Of COVID-19 Biz Interruption Laws

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    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.

  • UK Appellate Rulings Clarify Arbitral Choice Of Law

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    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.

  • Post-Pandemic Litigation To Expect In England And Wales

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    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.

  • UK Lawyers Can Adapt Due Diligence To Screen New Clients

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    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.

  • A UK Business View Of COVID-19's Economic Fallout

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    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.

  • Remote Depositions Bring Ethics Considerations For Lawyers

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    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.

  • Time For Presumptive Virtual Mediation In The UK

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    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.

  • UK 'Property' Classification Boosts Confidence In Bitcoin

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    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.

  • 3 EU And UK Data Protection Tips During COVID-19

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    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.

  • Novolex Case Brings Lessons On R&W Insurance

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    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.

  • How Proposed EU Class Action Directive Could Affect Insurers

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    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.

  • COVID-19 Insurance Considerations For UK Cos.

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    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.

  • UK Group Data Breach Claims Pose Big Financial Risks

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    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.

  • A Crucial Chance For UK Supreme Court To Clarify Arbitrator Bias

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    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.

  • Rebuttal

    Legal Industry Should Pursue AI Prediction Progress

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    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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