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Insurance UK
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August 14, 2025
WTW Trust Invests £450M In Schroders Renewables Fund
Insurance broker WTW said Thursday that its defined contribution master trust will invest $450 million in a fund of renewable energy-focused investment manager Schroders Greencoat LLP.
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August 14, 2025
Retail Assets Under Management Overtake Pension Assets
The Investment Association said that for the first time, pension assets fell below retail assets as a proportion of assets under management by investment managers, driven by the continued impact of the 2022 gilts sell-off and by direct benefit pension scheme wind-downs.
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August 14, 2025
Aviva Reports Dip In Pension Deals Amid Market Slowdown
Insurance giant Aviva said Thursday that it penned £2 billion ($2.7 billion) worth of bulk annuity deals in the first half of 2025, marking a fall compared with the corresponding period the previous year.
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August 14, 2025
Hill Dickinson Guides UK Investor On £1.9M Share Buyback
Investor Seed Innovations launched a share buyback program worth up to £1.91 million ($2.6 million) on Thursday as it seeks opportunities in the robotics and artificial intelligence markets.
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August 13, 2025
EU Trade Body Urges Change To DORA Financial Reporting
A trade body for Europe's financial institutions has urged European Union watchdogs to change rules on incident reporting because banks are providing ineffective reports.
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August 13, 2025
HSF Kramer, CMS Guide £36M Pension Deal For German Bank
Pension Insurance Corp. has completed a £36 million ($49 million) buy-in transaction involving the pensions of 156 members of The Helaba Group in a deal guided by CMS Cameron McKenna Nabarro Olswang LLP and Herbert Smith Freehills Kramer LLP.
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August 13, 2025
UK Watchdog Proposes More Targeted Audit Supervision
The U.K.'s accounting watchdog proposed Wednesday a more targeted approach to supervising audits, backed by greater reliance on firms to take responsibility for a quality-orientated culture.
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August 13, 2025
Car Insurance Costs Ease, But Repair Bills Keep Claims High
The average price of car insurance in the U.K. has dropped by £60 ($81) compared with 2024, but high claims costs continue to challenge insurance companies, the Association of British Insurers said Wednesday.
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August 13, 2025
Gov't Urged To Tackle UK Self-Employed Pensions 'Crisis'
The government should allow HM Revenue and Customs and financial advisers to provide personalized "nudges" to self-employed workers to encourage retirement saving amid mounting concern that they are not putting enough money aside, a cross-party think tank has said.
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August 13, 2025
Squire Patton Steers £23M Pension Deal For UK Steelmaker
Reinforced-steel supplier Rom Ltd. has agreed a £23 million ($31 million) full pension scheme buy-in with Just Group, the financial services company said Wednesday.
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August 12, 2025
The Biggest UK White Collar Cases Of 2025: Midyear Report
James "Jes" Staley's ill-fated legal battle over his ties to Jeffrey Epstein, the first conviction secured by Britain's sanctions' enforcer and Tom Hayes' Supreme Court victory are just a few of the big cases from 2025.
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August 12, 2025
Exchanges Federation Seeks Tax Incentives Across Markets
A global association for exchanges and clearinghouses recommended Tuesday new tax boosts for companies listing shares on exchanges and for other investment-related activities across world markets, including London.
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August 12, 2025
Specialist Risk Group Acquires City Quarter Brokers
U.K. insurance intermediary Specialist Risk Group said Tuesday it has bought the London-based City Quarter, an international insurance and reinsurance broker, to bolster the group's growing wholesale platform.
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August 12, 2025
Geopolitical Volatility The 'New Normal' For Marine Insurance
Geopolitical instability is now a permanent feature of the shipping industry that marine insurers must get used to, a marine mutual insurer has said.
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August 12, 2025
Insurer Utmost Group's Assets Grow To £107B After Rival Buy
Utmost Group said Tuesday that its gross cash inflows increased to £5.3 billion ($7.1 billion) in the first half of 2025 after the British insurer completed the acquisition of rival Lombard International in December.
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August 12, 2025
Gov't Bodies Urged To Assess Insurance Accounting Changes
The government warned its divisions and public sector bodies on Tuesday to check what impact changes to an accounting standard for insurance contracts might have on their financial reporting.
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August 12, 2025
UK Subsidence Claims Hit £153M Amid Record Warm Spring
Insurers paid out £153 million ($206 million) in claims linked to subsidence in the first six months of 2025 after Britain experienced its warmest spring on record, according to data from the Association of British Insurers.
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August 11, 2025
Royal London Secures £1B In Pension Deals Since Launch
The Royal London Mutual Insurance Society Ltd. said it has secured at least £1 billion ($1.34 billion) in pension scheme liabilities since entering the de-risking market last year.
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August 11, 2025
7 Local Gov't Pension Funds To Join Border To Coast
Border to Coast Pensions Partnership said Monday that seven local government pension scheme funds that manage approximately £45 billion ($60.5 billion) plan to join the pool, as part of the wider plan to consolidate the U.K.'s retirement pot.
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August 11, 2025
Gov't To Tighten Appointed Reps Regime To Stop Misconduct
The U.K. government said Monday it will empower the Financial Conduct Authority to refuse firms permission to use appointed representatives, in a tightening of the regime to stop misconduct.
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August 11, 2025
Most Pension Savers Under 65 Tap Funds Early, Data Shows
Approximately 70% of the three million savers in Britain who withdrew money from their retirement pots after government reforms in 2015 did so before they reached state pension age, a retirement specialist said Monday.
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August 11, 2025
Addleshaw Helps PIC On £4.3B Rolls-Royce Pension Deal
Pension Insurance Corp. PLC said Monday that it has covered £4.3 billion ($5.8 billion) of pension liabilities for British aerospace and defense giant Rolls-Royce PLC to help streamline its business operations.
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August 08, 2025
Aon Unit Expands In UK With Insurance Specialist Acquisition
A subsidiary of global professional services firm Aon has acquired Bspoke Insurance Group Ltd. to expand its specialist insurance services in the U.K.
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August 08, 2025
Private Sector Pension Savings Hit Record £25.5B In 2024
Private sector employees in the U.K. contributed a record £25.5 billion ($34.3 billion) to their pension pots in 2024, a consultancy said on Friday.
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August 08, 2025
UK Insurers Face Pressure To Offer Green Products
Over 40% of business executives consider it very important to offer green insurance products or services, GlobalData has said in a study.
Expert Analysis
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An ICO Reminder On Managing Subject Access Requests
Although the U.K. Information Commissioner's Office’s recent seven reprimands regarding mismanagement of data subject access requests are unusual, it is worth organizations considering what resources and training may be available to ensure these are properly managed in the future, says Ross McKenzie at Addleshaw Goddard.
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Opinion
Increasing Law Firm Polarization Will Degrade Rule Of Law
As evidenced in recent instances of law firms separating from attorneys who represented certain industries or espoused certain views, firms and the legal practice itself have grown troublingly polarized and intolerant of dissent, says Rebecca Roiphe at New York Law School.
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The FTX Fallout So Far And What May Come Next
While the downfall of FTX is likely to cause substantial losses and lead to extensive litigation, it will hopefully precipitate a renewed focus on regulating the crypto market in a responsible way that gives more protection to consumers, says Dan Wyatt at RPC.
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Hard Insurance Market Will Influence Legal Industry, Economy
As the cost of claims starts to outstrip the value of premiums, insurers are denying more claims and considering scaling back coverage, leading to an influx of legal work and potential holes in the market, says Bruce Hepburn at Mactavish.
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Digital Nomads: Key Considerations For Global Businesses
As employers and employees embrace remote, location-independent work arrangements enabled by technology, they must be mindful of the employment law and tax consequences such arrangements may trigger, say Hannah Wilkins and Audrey Elliott at Eversheds Sutherland.
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New License Eases Sanctioned Clients' Legal Fee Payments
The general license recently issued by the U.K. Office of Financial Sanctions Implementation permitting the payment of legal fees owed by a sanctioned company or individual will potentially reduce the agency's backlog and is welcome news for both lawyers and OFSI staff, say Zulfi Meerza and Syed Rahman at Rahman Ravelli.
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Preparation Is Key To Businesses Minimizing Cyber Breaches
A recently published report by the U.K. Department for Digital, Culture, Media and Sport on organizational experiences of cybersecurity breaches highlights the importance of having breach response policies in place and being able to demonstrate that reasonable preventive and risk management steps were taken, says Lawson Caisley at White & Case.
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UK Policyholders Can Expect Better COVID Claims Handling
The U.K. Financial Conduct Authority recently outlined some best practices for COVID-19 business interruption claims handling, which, along with recent High Court of Justice decisions, will likely lead to faster claims handling and clearer insurer communication, say Gurpreet Sanghera and Charlie Edwards at Simkins.
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A Recovery Option For Lenders With Planes Stuck In Russia
For aircraft lessors considering insurance coverage litigation to recover for losses of equipment leased to Russian airlines, negotiating an assignment of rights may provide a faster pathway to recovery, say David Klein and Jose Lua-Valencia at Pillsbury.
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Series
My Favorite Law Prof: How I Learned To Argue Open-Mindedly
Queens College President Frank Wu reflects on how Yale Kamisar’s teaching and guidance at the University of Michigan Law School emphasized a capacity to engage with alternative worldviews and the importance of the ability to argue for both sides of a debate.
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4 Key Skills For An Effective Attorney Coaching Conversation
As BigLaw firms are increasingly offering internal coaching as one of many talent strategies to stem ongoing lawyer attrition, Stacey Schwartz at Katten discusses how coaches can help attorneys achieve their goals.
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New Clarity On Directors' Creditor Duty In Insolvency Context
The recent case of BTI 2014 v. Sequana, the first to consider the creditor duty at U.K. Supreme Court level, provides directors and insolvency practitioners with significant guidance on how close to insolvency the company needs to be for the creditor duty to be engaged, say attorneys at Shearman.
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FCA Pension Scheme Case Highlights Issues Ripe For Reform
The Financial Conduct Authority's response to the British Steel Pension Scheme case exposed wider issues within its regulatory approach and could demonstrate the need for industrywide reforms to minimize the risks with transferring out of a pension scheme, say Oliver Reece and Larisa Gordan at PwC.
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What An Organization Can Do To Protect Its Supply Chains
In light of recent world events, supply chain issues have never been more critical for business, and to protect the commercial viability of their contracts, organizations should address performance concerns in good time, with a workable strategy in place should the chain break down, says Laura Heeley at Eversheds Sutherland.
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German Draft Bill Reflects Trend Toward New Antitrust Tools
A recently proposed amendment to the German Act against Restraints on Competition continues the trend in Europe to equip authorities with greater powers, shifting from a more traditional approach to a more extensive market protection tool, say attorneys at Gibson Dunn.