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Insurance UK
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September 16, 2025
BoE Set To Ease Rules For Foreign Insurers In UK
The regulatory arm of the Bank of England set out proposals on Tuesday to raise the liability threshold for foreign-based insurance groups that operate subsidiaries in the U.K. and reduce some reporting requirements.
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September 16, 2025
Insurer Can't Duck $6M Bond Payout Over Ghana Power Plant
A London court ordered a Ghanaian insurance company on Tuesday to pay a subsidiary of Greek industrial conglomerate Metlen almost $6.3 million for wrongly refusing to pay up under a bond the insurer claimed was obtained by fraud.
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September 16, 2025
Pension Pot Withdrawals Surged Nearly 36%, FCA Says
Savers in Britain withdrew £70.9 million ($96.8 million) from their pension pots in the financial year that ended in March, data published by the Financial Conduct Authority on Tuesday shows, amid suggested concern over government plans to amend tax rules linked to retirement pots.
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September 16, 2025
UK Pensions Industry Should Drive 'Small Pots' Fix
The government should use existing retirement industry infrastructure rather than create a costly new central "clearing house" for merging small pension pots, a trade body warned Tuesday.
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September 16, 2025
Conister Bank To Work With Fintech Biz On Overdraft Product
Conister Bank said Tuesday that it will work with financial technology company Fiinu to introduce an overdraft product in the U.K. using open banking rules.
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September 16, 2025
State Pension Could Breach Tax Threshold In 2027
British pensioners will be forced to pay income tax on state pension benefits from 2027 unless minimum earnings thresholds are lifted, experts said Tuesday in response to new data.
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September 16, 2025
Half Of Britons Unaware Of Pensions Policy Changes
Some 51% of adults in Britain do not know about a range of pension policy changes that could affect their retirement plans, Schroders Personal Wealth has said.
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September 16, 2025
Eversheds Guides £250M Pension Deal For Defense Co.
The U.K. arm of global defense contractor Ultra Electronics Holdings Ltd. has agreed a £250 million ($341 million) full-plan pension buy-in with Just Group, the financial services company said Tuesday.
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September 15, 2025
Only 41% Of Boomers Say They're Ready For Retirement
Only 41% of the more than 3 million working people ages 60 to 69 in the U.K. feel prepared for retirement, Just Group said Monday.
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September 15, 2025
AerCap Wants £81M Costs From Insurers In Missing Jets Case
Aircraft leasing giant AerCap is seeking £81 million ($110 million) in costs in the mammoth dispute over hundreds of aircraft stranded in Russia after the 2022 invasion of Ukraine, according to filings for a London court hearing that began on Monday.
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September 15, 2025
Insurance Premiums Could Rise If Catastrophe Losses Mount
The insurance industry could be forced to eventually correct the trend of falling prices for property cover if natural catastrophe losses continue to mount, a ratings agency said Monday.
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September 15, 2025
Aegon To Extend Pensions App To More Than A Million Savers
Financial services firm Aegon said Monday it wants its Mylo app for tracking pension balances and information to be available to more than a million people, saying it understands the "emotional challenges" people face with their finances.
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September 15, 2025
Squire Patton-Led Insurer Agrees Revised Offer For Indian Biz
CPP Group PLC said on Monday that the two potential local buyers of its India-based subsidiary have decreased their offer for the company, which the U.K. insurance products provider is selling in order to streamline its operations.
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September 15, 2025
Employers Expect Budget Reform On Pension Salary Sacrifice
Nine out of 10 U.K. employers expect the government to ditch tax breaks on pension salary-sacrifice arrangements when it unveils its autumn Budget, a survey has found.
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September 15, 2025
Watchdog Launches Program To Improve Audit Sector
Britain's accounting watchdog launched a program on Monday that it said would bring together projects that are designed to drive improvements in the audit sector.
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September 12, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen former Master Chef presenter Gregg Wallace sue the BBC, Elon Musk's xAI take legal action against a staff engineer, and fashion mogul Kevin-Gerald Stanford file a fresh claim against Lion Capital-owned Klotho and EY amid a long-running All Saints share acquisition dispute.
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September 12, 2025
Ex-AIG IT Pro's Claim Struck Out Over Courtroom Misconduct
A former AIG software developer on Friday had his whistleblowing claims against the insurer struck out after accusing a judge of perverting the course of justice, eating a meal during a hearing and calling a London tribunal a "circus."
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September 12, 2025
Gov't Will Oppose 'Indexation' Changes To UK Pension Bill
The government has said it will oppose amendments to draft legislation that will mean retirement benefits for older pensioners rise with inflation.
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September 12, 2025
Third Point Completes Deal To List Reinsurance Biz On LSE
Third Point Investors Ltd. said Friday that it has completed a reverse takeover of Malibu Life Reinsurance SPC under which the hedge fund will become a London-listed reinsurance company, despite opposition from a large group of shareholders.
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September 12, 2025
Travelers Sued For £5.8M Client Funds Lost In Axiom Collapse
A property buyer has sued Travelers for a £5.8 million ($7.9 million) insurance payout under its policy with Axiom Ince, telling a London court that the company had misappropriated his payment for an apartment before collapsing into administration.
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September 12, 2025
Lloyd's Picks AI-Driven Insurance Startups For Incubator
Lloyd's of London has picked 12 insurance startups for the next round of its business incubator project, focusing mostly on companies that use new artificial intelligence technology.
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September 12, 2025
Squire Patton Leads £23M Welcome Break Pension Deal
British motorway service station operator Welcome Break Group Ltd. has finalized a £23 million ($31.2 million) full-scheme buy-in of its pension plan with Just Group, the financial services company said Friday.
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September 12, 2025
Helvetia, Baloise Win Swiss, EU Approvals For Merger
Swiss insurers Helvetia and Baloise said Friday that two European regulators have given the thumbs-up for their planned merger, confirming that the deal to create the second-largest insurance group in Switzerland will close in December.
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September 11, 2025
FCA Official Outlines Risk-Based Approach To Financial Crime
Fighting financial crime isn't a barrier to growth but a prerequisite for economic investment, a senior official at the Financial Conduct Authority said on Thursday, as he outlined plans to take a "risk-based" approach to cracking down on fraud.
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September 11, 2025
Pensions Managers Urged To Boost Standards For Savers
Pensions administrators must invest more to modernize their data systems and trustees should play a stronger role in raising standards to help the sector make improvements, the retirement savings watchdog warned on Thursday.
Expert Analysis
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The Problem — And Opportunity — Of Implicit Bias In The Bar
Law firms are beginning to recognize implicit bias as a problem. But too few recognize that it is also an opportunity to broaden our thinking and become better legal problem solvers, says Daniel Karon of Karon LLC.
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Roundup
Pursuing Wellness
In this Expert Analysis series, leaders at some of the law firms that committed to the American Bar Association's 2018 pledge to improve mental health and well-being in the legal industry explain how they put certain elements of the initiative into action.
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Series
Why I Became A Lawyer: Expanding The Meaning Of Diversity
My conservative, Catholic parents never skipped a beat when accepting that I was gay, and encouraged me to follow my dreams wherever they might lead. But I did not expect they would lead to the law, until I met an inspiring college professor, says James Holmes of Clyde & Co.
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2 Perspectives On Navigating The Litigation Funding Process
Paul Martenstyn of Vannin Capital and Daniel Spendlove of Signature Litigation share their top tips on how to get a case funded, drawing from their respective experience as a funder and a lawyer.
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Answers To Key Legal Finance Ethics Questions
While there is discussion in some quarters about new regulations on commercial legal finance, the hands-off approach taken by the majority of courts and legislatures is an implicit recognition that it is already sufficiently regulated, says Danielle Cutrona of Burford Capital.
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Competing Legal Factors Vex Insurance Arbitration Disputes
The Fifth Circuit ruled in May that international arbitration policy trumped state insurance law in McDonnel Group v. Great Lakes Insurance. But the courts have been inconsistent in applying conformity-to-statute clauses, the McCarran-Ferguson Act and a related U.S. treaty in the battle between federal preemption and state reverse preemption, says Gilbert Samberg at Mintz.
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Cannabis Investors Should Beware Money Laundering Risk
Even if marijuana-related businesses are in compliance with local laws, their investors are not free of legal risk so long as cannabis remains a controlled drug in other countries, such as the U.K., say Robert Dalling and Wade Thomson of Jenner & Block.
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Real-Life Lessons For Lawyers From 'Game Of Thrones'
What lessons can the various hands, maesters, council members and other advisers in "Game of Thrones" impart to real-life lawyers? Quite a few, if we assume that the Model Rules of Professional Conduct were adopted by the Seven Kingdoms, says Edward Reich of Dentons.
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UK Firms Should Be Prepared For Government Raids
Recent enforcement activity from the Financial Conduct Authority and other regulators highlight the penalties firms face for procedural breaches, and the value in ensuring that employees are well-equipped to handle unannounced inspections, say James Marshall and Sonja Hainsworth of Bryan Cave.
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Series
Why I Became A Lawyer: Completing The Journey Home
My mother's connection to her Native American heritage had a major influence on my career — my decision to enter the legal profession was driven by the desire to return to my tribal community and help it in any way I could, says Jason Hauter of Akin Gump.
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3 Insurance Issues Raised By The Notre Dame Cathedral Fire
The devastating Notre Dame Cathedral fire provides a rare opportunity to consider the many unique factors that owners and insurers must consider when insuring national treasures, say attorneys at Zelle.
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Where The Post-Libor Litigation Tsunami Will Hit
The permanent cessation of the Libor rate in 2021 will likely trigger a flood of litigation over many existing contracts that lack effective replacements. Marc Gottridge of Hogan Lovells identifies the types of products that may be most susceptible to disputes.
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Despite Decline In Cyberattacks, UK Cos. Should Stay Vigilant
The U.K. Department for Digital, Culture, Media and Sport's latest cybersecurity survey shows that U.K. cyberattacks have decreased in the last 12 months, likely thanks in part to the General Data Protection Regulation. But companies' cybersecurity efforts should continue to evolve, say experts at PriceWaterhouseCoopers.
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UK Antitrust Watchdog Proposals Would Bolster Enforcement
The U.K. Competition and Markets Authority's proposals for reshaping competition enforcement and consumer protection would shift the historical balance in U.K. competition policy, increasing regulatory burden on companies while weakening judicial scrutiny of CMA actions, says Bill Batchelor of Skadden.
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Guest Feature
Preet Bharara On The Human Factor In The Justice System
A key theme in Preet Bharara's new book is the enormous role the human element plays in the administration of justice. The former U.S. attorney for the Southern District of New York discussed this theme, among other topics, in a recent conversation with White and Williams attorney Randy Maniloff.