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Insurance UK
Insurance Law360 UK provides breaking news and analysis on the insurance industry. Coverage includes U.K. and European Union regulation, legislation, enforcement, and litigation involving insurance companies, underwriters, reinsurers, and brokers.
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Latest News in Insurance UK
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June 18, 2018
Insurers To Ditch Annuities As Solvency Rules Take Root
The Prudential Regulation Authority’s refusal to soften some of the most controversial capital buffers under Europe’s Solvency II regime means British life insurers will keep ditching longer-term risks and snubbing opportunities to take on pension liabilities, lawyers say.
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June 18, 2018
UK Fraudster Jailed After £70K Travel Insurance Scams
A director of a travel agency has been handed an eight-month prison sentence after making false travel insurance claims worth £16,000 ($21,000) and stealing £53,000 from his customers, the City of London Police said on Monday.
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June 18, 2018
FCA May Demand Climate Change Policy Reports For Pensions
Independent committees overseeing workplace pensions may soon have to report their policies on climate change, the U.K.'s Financial Conduct Authority said on Monday, amid growing calls for corporate action against environmental threats.
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June 18, 2018
Virgin Money Accepts £1.7B CYGB Offer Amid FCA Probe
Banking and insurance group Virgin Money Holdings PLC said Monday it has accepted a £1.7 billion ($2.25 billion) takeover offer by rival banking group CYBG PLC, despite ongoing scrutiny from the Financial Conduct Authority over a sharp spike in its share price ahead of the announcement of its bid.
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June 18, 2018
UK To Empower Pension Savers To Push For Sustainability
The U.K. government on Monday set forth proposals to give Britain’s pension scheme members new powers to demand their savings pots are used to tackle environmental issues like climate change rather than seeking the best financial return.
Areas of Coverage
- LITIGATION
- Litigation involving insurance companies or executives
- Disputes over commercial, directors and officers, management, and professional liability insurance policies
- Lawsuits over coverage for business interruption losses, natural disasters, and environmental contamination claims
- Appellate rulings on insurance coverage disputes
- Mass actions over deceptive and unfair trade practices, modal premium rates, and vanishing premiums
- Financial List cases involving insurance products
- Cases in Bermuda or other Commonwealth jurisdiction courts that affect U.K. companies
- Reinsurance arbitration
- AGENCIES
- Financial Conduct Authority
- Bank of England
- Prudential Regulation Authority
- European Commission
- European Insurance and Occupational Pensions Authority
- European Securities and Markets Authority
- European Banking Authority
- POLICY & REGULATION
- U.K. and EU insurance regulation, policy proposals and studies
- U.K. and EU Parliament hearings involving the insurance industry
- Insurance legislation and amendments in the U.K. Parliament and EU Parliament
- Insurance Act
- Solvency II and the Insurance Distribution Directive
- Treaty of Lisbon
- International insurance regulation and legislation
- ENFORCEMENT
- Fraud investigations and actions involving insurance companies
- Kickback, bribery, and corruption cases involving insurance companies or executives
- PROFILES
- Interviews with high-profile attorneys and regulatory officials
- Personnel moves
- Judicial appointments
Readership
- Insurance barristers and solicitors
- Corporate counsel and compliance officers at top British companies
- Executives and attorneys at insurance companies and corporate policyholders
- International insurance attorneys
- Information experts at law firms, agencies, and companies
- Policymakers at U.K. and EU agencies
- Judges and court staff
- Attorney and law firm marketing professionals