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Insurance UK
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December 09, 2025
EU Lawmakers Agree To Reduce Sustainability Rules Burden
European Union lawmakers agreed Tuesday to reduce sustainability reporting and governance rules for companies, in order to improve global competitiveness.
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December 09, 2025
Lloyds Bank Covers £4.8B Pension Liabilities With Rothesay
The trustee of three Lloyds Banking Group pension schemes on Tuesday announced it had penned policies worth £4.8 billion ($6.4 billion) with insurer Rothesay to protect the schemes from costs linked to unexpected increases in member life expectancy.
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December 09, 2025
FCA Unveils Sweeping Cuts To Insurance Red Tape, Costs
The Financial Conduct Authority revealed on Tuesday that it will strip back red tape for the U.K. insurance sector in an effort to boost the competitiveness of the sector.
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December 09, 2025
UK Watchdog Targets Pension Barriers In Private Markets
The Pensions Regulator has said it will launch an investigation into why Britain's largest retirement funds are delaying investment in private markets as part of a push to spur the £3 trillion ($4 trillion) sector to plow more cash into the economy.
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December 08, 2025
AmTrust, Blackstone Launch New MGA Platform
AmTrust and the credit and insurance arm of Blackstone have agreed to turn some of the global insurer's managing general agencies and other companies in the U.S. and U.K. into a new business.
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December 08, 2025
Lawyers In Crosshairs In New Anti-Corruption Crackdown
Corrupt lawyers, accountants and bankers "will be hunted down" under a new anti-corruption strategy unveiled by the government on Monday, which will crack down on enablers facilitating bribery and illicit finance in the U.K.
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December 08, 2025
Pension Reforms Could Boost UK Investment By £220B
The government could raise £220 billion ($293 billion) in additional investment in Britain over the next decade through a series of reforms to pensions, insurance and home building, an insurer said in a report on Monday.
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December 08, 2025
FCA Releases Landmark Reforms To Boost Retail Investment
The Financial Conduct Authority published on Monday a landmark package of measures to encourage investments by consumers to help U.K. growth, giving businesses new clarity on when they are dealing with professionals.
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December 08, 2025
More Than 3M Savers Hit By Salary Sacrifice Budget Change
The government's plan to cap pension salary sacrifice arrangements will worsen the growing crisis of pension under-saving, a former pensions minister has warned, after an official report found that at least 3.3 million workers will be affected.
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December 08, 2025
BNP Paribas Ups Stake In Ageas With €1.1B Investment
French banking giant BNP Paribas said on Monday that its insurance subsidiary has increased its stake in Belgian multinational insurer Ageas Group SA to 22.5% from 14.9% with the injection of €1.1 billion ($1.28 billion) in new share capital.
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December 05, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Mozambique sue the late tycoon Iskandar Safa's family and Privinvest amid the wider $1.9 billion "tuna bond" fraud case, Entain face a claim from a major U.S. pensions agency, and a Mexican lawyer accused of embezzlement bring legal action against Travelers Insurance Co.
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December 05, 2025
A&O Guides Stagecoach On £1.2B Pension 'Run On' Deal
Asset management giant Aberdeen Group PLC said Thursday it would take over as the sponsor of the £1.2 billion ($1.6 billion) Stagecoach pension scheme, in a landmark deal steered by Slaughter and May, A&O Shearman and CMS Cameron McKenna.
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December 05, 2025
UK Watchdog Intervenes In Food Co.'s Pension Plan
Britain's retirement savings watchdog said on Friday its intervention, sparked by concern for members of a pension arrangement sponsored by a food manufacturer, has prompted the business to commit to putting around £300 million ($400 million) into the plan.
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December 05, 2025
M&A Falls By A Third In UK Insurance-Distribution Sector
Mergers and acquisitions activity in the U.K. insurance-distribution sector is set to have had a much quieter year, with acquisition volumes falling 34% in the first 11 months of 2025, according to a study published Friday.
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December 05, 2025
UK Watchdogs Plan To Spur £223B Mutual Financial Sector
Two finance watchdogs unveiled plans to boost growth in the U.K. mutual banking and insurance sector on Friday, part of the government's plan to double the size of the £223 billion ($297.5 billion) market.
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December 05, 2025
Swiss Re Targets $500M Annual Share Buyback Program
European insurance giant Swiss Re AG said Friday it will launch an annual share buyback program starting in 2026, adding that it will repurchase $500 million of shares every year after that.
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December 05, 2025
Gasket Maker, Insurance Broker Settle £2M Tool Theft Case
A British manufacturer of pipe seals and gaskets has agreed to settle its £2 million ($2.7 million) dispute with an insurance broker to cover the cost of "valuable" tools stolen by thieves.
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December 04, 2025
EU Parliament Urged To Act On Gaps In Pensions Savings
European savers deserve better returns and stronger consumer protections to ensure they have adequate pension pots, policy advocates have claimed, warning that reform is necessary to ensure citizens have sufficient resources in retirement.
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December 04, 2025
Smaller Audit Firms Gaining UK Market Share, Watchdog Says
Smaller auditors are starting to challenge the dominance of the Big Four firms for scrutinizing the finances of the country's biggest and most important companies, the accounting watchdog said Thursday.
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December 04, 2025
Lloyd's Body Weighs Emerging 'Forever Chemicals' Litigation
A trade body for Lloyd's of London has set up a committee to examine risks to the insurance sector from new forms of litigation, including those linked to "forever chemicals."
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December 04, 2025
Gov't To Address Pension Inflation In New Bill
The government has said it will use its current set of pension reforms to push through long-awaited inflation-linked increases to the retirement benefits of older workers.
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December 04, 2025
EU Reveals Plan To Boost Financial Market Integration
The European Commission unveiled a package of financial market reforms on Thursday, aimed at dismantling long-standing barriers to trade and creating a streamlined single capital market within the bloc of 27 nations.
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December 04, 2025
Legal Challenge Withdrawn After Gov't Pensions U-Turn
Campaigners fighting for compensation over historical failings on payments of women's state pensions have scored a win after the government agreed to reconsider its decision not to create a redress program within 12 weeks.
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December 10, 2025
Hargreaves Lansdown Hires New GC From Direct Line
Hargreaves Lansdown said Wednesday that it has hired a new chief legal officer and company secretary from insurer Direct Line Group, months after the wealth manager was acquired by a private equity consortium.
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December 03, 2025
Claims Prevention Biz To Raise £2.2M For US Expansion
Ondo InsurTech PLC said Wednesday that it plans to raise at least £2.2 million ($2.9 million) to accelerate its expansion in the U.S.
Expert Analysis
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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.
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UK Group Data Breach Claims Pose Big Financial Risks
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.
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A Crucial Chance For UK Supreme Court To Clarify Arbitrator Bias
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.
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Rebuttal
Legal Industry Should Pursue AI Prediction Progress
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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Rebuttal
AI Can't Accurately Predict Case Length And Cost — Yet
A recent Law360 guest article argued that artificial intelligence can precisely estimate the length and cost of a new case, but several limitations will likely delay truly accurate predictions for years to come, says Andrew Russell at Shaw Keller.
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What To Expect During The Brexit Transition Period
While all formal ratification procedures for the U.K.'s departure from the European Union have been completed, the transitional period will bring an enormous range of trade, customs and regulatory issues, say attorneys at Mayer Brown.
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Opinion
Legal Prediction Is Demanding But Not Impossible
The New Jersey Supreme Court’s recent decision in Balducci v. Cige incorrectly concluded that predicting the length and cost of a case is nearly impossible, and overlooked artificial intelligence's ability to do so, says Joseph Avery with Claudius Legal Intelligence.
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Surefire Marketing Methods To Build Your Legal Practice
Attorneys who take the time and the risk to showcase their talents through speaking, writing and teaching will find that opportunities will begin building upon themselves, says Daniel Karon of Karon LLC.
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Mandatory Mediation May Lie Ahead For England And Wales
The U.K. Court of Appeals' decision in Lomax v. Lomax, among other recent developments, show significant judicial support for compulsory mediation of appropriate civil and commercial cases in England and Wales, say Margarita Michael and Grace Spurgeon of O'Melveny.
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Key Risks And Developments For UK Law Firm Culture In 2020
In 2020, law firms throughout the U.K. will be increasingly reshaped by rapid changes in societal expectations and advances in technology, say Helen Rowlands and Niya Phiri of Clyde & Co.
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Cos. Can Start Preparing Now For Immigration Beyond Brexit
Ahead of the U.K.'s likely departure from the European Union on Jan. 31, 2020, companies should use the one-year transition period to help workers understand any new registration requirements, evaluate budgetary concerns and expedite any employee relocations, say Julia Onslow-Cole and Charlotte Wills at Fragomen.
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#MeToo Pressure On UK Businesses Is Set To Rise
Recent declarations by the Financial Conduct Authority and Prudential Regulation Authority indicate that sexual harassment in the U.K.'s financial services industry may lead to consequences under the newly expanded Senior Managers and Certification Regime, and other sectors are facing growing scrutiny as well, say attorneys at Covington.