Insurance UK

  • June 27, 2025

    Preventing Financial Crisis Best Thing For Growth, BoE Says

    The government's growth agenda should not equate to throwing out all safeguards, because preventing a major financial crash is vital for ensuring Britain is competitive, a senior member of the Bank of England said Friday.

  • June 27, 2025

    Eversheds Leads £44M Deal With Industrial Co.'s Pension Plan

    Industrial manufacturer Milliken has secured its U.K. employee pension scheme through a bulk purchase annuity transaction valued at £44 million ($60 million) with Royal London, Britain's largest mutual life insurer said Friday.

  • June 26, 2025

    Tokio Marine Unit Hit In £46M Case Over Mayfair Development

    A Jersey-based property development company has sued a Tokio Marine HCC unit and an insolvent construction contractor for around £46 million ($63.2 million) for a string of alleged failures linked to the building of an apartment block and luxury hotel in Mayfair, west London.

  • June 26, 2025

    Ex-Consultant Wants £1.4M Over Botched Insurance Cover

    A former consultant has sued a wealth management and benefits consultancy for £1.4 million ($1.9 million) for allegedly failing to arrange adequate insurance cover, which she claims left her short of money during serious illness and surgery.  

  • June 26, 2025

    BoE Launches Forum For Financial Firms And Policy Body

    The Bank of England said Thursday it has set up a forum for senior individuals in large financial services firms to liaise with the central bank's Monetary Policy Committee, which sets interest rates.

  • June 26, 2025

    Audit Watchdog Sets New Guidance For 'Black Box' AI

    Britain's accounting watchdog warned Thursday in new guidance on using artificial intelligence in audits that the opacity of AI models makes it crucial for firms to document how they are controlled.

  • June 26, 2025

    Gov't Mulls Mandating Climate Plans From Banks, Insurers

    Large banks and insurance companies in Britain could be forced to develop and publish a strategy for how they plan to align their business with global climate targets under proposals floated by the U.K. government.

  • June 26, 2025

    PIC Inks £900M Pension Deals For Energy Tech Biz

    Pension Insurance Corp. PLC said Thursday that it has completed buy-ins with three plans sponsored by Baker Hughes Co., a global energy technology business, covering liabilities worth £900 million ($1.2 billion).

  • June 25, 2025

    Solicitor Hit With £30K Court Bill Over Fake Car Claims

    A solicitor has been handed an eight-month suspended sentence and a £30,874 ($40,871) bill for filing false claims that city potholes in Stoke-on-Trent were damaging cars, following an investigation that uncovered anomalies in his invoices.

  • June 25, 2025

    EU Watchdog Pushes To Expand Digital Asset Program

    The European Union's market watchdog advised lawmakers Wednesday to make a pilot scheme for tokenizing securities on digital ledger technology more flexible for investors and permanent.

  • June 25, 2025

    EU Insurers Push For Simplified Cybersecurity Regulation

    A trade body for European insurers urged the European Commission on Tuesday to streamline the bloc's potentially counter-productive rule book on cybersecurity and digital resilience to help reduce duplication as the compliance burdens on the sector increase.

  • June 25, 2025

    Insurance Reforms Offer No Benefit, Irish Cos. Claim

    Almost all businesses in Ireland claim they have not benefited from sweeping insurance reforms introduced by the country's government in recent years, campaigners said Wednesday.

  • June 25, 2025

    Adviser Wren Sterling Expands In Scotland With Acquisition

    Financial and pensions advisory business Wren Sterling said Wednesday that it has acquired City Financial (Aberdeen) Ltd., expanding its presence in Scotland.

  • June 25, 2025

    Geopolitical Instability Tops Aviation Insurers' Concerns

    The threat of further geopolitical instability is the biggest headache that aviation insurers anticipate over the next five years, according to a survey published Wednesday.

  • June 24, 2025

    UK Insurers Back Gov't Plan For Long-Term Growth

    The Association of British Insurers has publicly backed the government's decade-long industrial strategy designed to promote business investment and growth in the U.K.

  • June 24, 2025

    Groups Urge EU To Trim Sustainable Finance Reporting Rules

    Top global financial services industry trade bodies have urged European lawmakers in its review of the Sustainable Finance Disclosure Regulation to cut duplication with other sustainability reporting rules and reflect derivatives more clearly.

  • June 24, 2025

    Gateley Denies Housing Developer's Negligence Claim

    Gateley PLC has denied that a law firm it acquired gave negligent advice to a housing developer during the purchase of two sites in southeast England and said that alleged legal restrictions on the land have not rendered the plots unprofitable.

  • June 24, 2025

    Insurers Hike Marine Premiums Due To Iran-Israel War

    Insurers have hiked premiums for ships traveling in the waters around the Middle East amid the risk of insurance industry losses stemming from the Iran-Israel war, according to an analyst's report published Tuesday.

  • June 24, 2025

    Treasury Official Tapped As Interim Pensions Regulator Chair

    The government has revealed Civil Service veteran Kirstin Baker as the next interim chair of Britain's retirement savings watchdog.

  • June 24, 2025

    Danish Pensions Fintech Biz Expands Into UK Market

    Festina Finance, a Danish financial technology company, said it has begun fully operating its retirement savings platform for administrators of British pension plans.

  • June 23, 2025

    EU Fund Managers Could See Simplified Data Reporting

    The European Union's financial watchdog on Monday released proposals to simplify how asset managers report data to regulators.

  • June 23, 2025

    Campaigners Agree Cost Cap In State Pension Redress Row

    Campaigners said Monday they have agreed to cap legal costs with the Department for Work and Pensions in their fight against the government's decision not to pay compensation for historic failures around women's state pensions.

  • June 23, 2025

    LCP Hits Milestone With Pensions Dashboard Connection

    Consultancy Lane Clark & Peacock LLP has connected its first pensions administration manager to the government's private sector pensions dashboard, providing savers with access to their financial retirement information.

  • June 23, 2025

    Aviva Pushes Investment In Nature-Based Flood Solutions

    Insurance giant Aviva said on Monday its backing of a low-cost project to increase resilience to flooding in Norfolk is paying off, with impact analysis showing homes have been protected effectively.

  • June 23, 2025

    Squire Patton Steers Just's £67M Pension Deal For 2 Plans

    Pension insurer Just Group said Monday it has penned a £67 million ($90 million) retirement savings deal for two plans, guided by law firm Squire Patton Boggs LLP.

Expert Analysis

  • What Cos. Should Know About The EU Greenwashing Rules

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    The EU's recently proposed Green Claims Directive introduces new rules to improve the transparency and honesty of environmental claims in advertising, which will help ensure that consumers receive accurate and reliable information to make informed purchasing decisions, says Daja Apetz-Dreier at Morgan Lewis.

  • The Art Of Corporate Apologies: Crafting An Effective Strategy

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    Public relations challenges often stop companies from apologizing amid alleged wrongdoing, but a recent U.K. government consultation seeks to make this easier, highlighting the importance of corporate apologies and measures to help companies balance the benefits against the potential legal ramifications, says Dina Hudson at Byfield Consultancy.

  • Dissecting Recent Developments Against The Misuse Of NDAs

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    The U.K. government's recent plans to nullify nondisclosure agreements that prevent victims from reporting crimes should remind lawyers to proactively consider the necessity of such agreements, especially in light of the Solicitors Regulation Authority's warning notice on drafting improper NDAs, say Clare Davis and Macaela Joyes at RPC.

  • What To Know About The Russia-Stranded Plane Ruling

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    The High Court's recent decision in Zephyrus Capital Aviation v. Fidelis Underwriting, rejecting reinsurers' U.K. jurisdiction challenges in claims over stranded planes in Russia, has broad implications for cross-border litigation involving exclusive jurisdiction clauses, says Samantha Zaozirny at Browne Jacobson.

  • 3 Notable Pensions Reforms In Spring Budget

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    The U.K. government’s spring budget introduced reforms to improve pension outcomes through the value for money framework and the lifetime provider model, as well as to encourage investments in Britain — three interlinked areas that could pressure trustees and providers to rethink how they approach investments, say Liz Ramsaran and Marcus Fink at DWF.

  • UK Arbitration Ruling Offers Tips On Quelling Bias Concerns

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    An English court's recent decision in H1 v. W to remove an arbitrator because of impartiality concerns offers several lessons on mitigating bias, including striking a balance between arbitration experience and knowledge of a particular industry, and highlights the importance of careful arbitrator appointment, says Paul-Raphael Shehadeh at Duane Morris.

  • Bias Ruling Offers Guidance On Disqualifying Arbitrators

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    An English court's recent decision in H1 v. W, removing an arbitrator due to bias concerns, reaffirms practical considerations when assessing an arbitrator's impartiality, and highlights how ill-chosen language by an arbitrator can clear the high bar for disqualification, say Andrew Connelly and Ian Meredith at K&L Gates.

  • Insurance Policy Takeaways From UK Lockdown Loss Ruling

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    An English court's recent decision in Unipolsai v. Covea, determining that insurers' losses from COVID-19 lockdowns were covered by reinsurance, highlights key issues on insurance policy wordings, including how to define a "catastrophe" in the context of the pandemic, says Daniel Healy at Brown Rudnick.

  • What COVID Payout Ruling Means For Lockdown Loss Claims

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    While the High Court's recent COVID-19 payout decision in Gatwick v. Liberty Mutual, holding that pandemic-related regulations trigger prevention of access clauses, will likely lead to insurers accepting more business interruption claims, there are still evidentiary challenges and issues regarding policy limits and furlough, say Josianne El Antoury and Greg Lascelles at Covington.

  • Spartan Arbitration Tactics Against Well-Funded Opponents

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    Like the ancient Spartans who held off a numerically superior Persian army at the Battle of Thermopylae, trial attorneys and clients faced with arbitration against an opponent with a bigger war chest can take a strategic approach to create a pass to victory, say Kostas Katsiris and Benjamin Argyle at Venable.

  • Top Court Hire Car Ruling Affects 3rd-Party Negligence Cases

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    The U.K. Supreme Court's recent decision in Armstead v. Royal & Sun Alliance, finding that an insurer was responsible for lost car rental income after an accident, has significant implications for arguing economic loss and determining burden of proof in third-party negligence cases that trigger contractual liabilities, say lawyers at Macfarlanes.

  • Unpacking The Building Safety Act's Industry Overhaul

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    Recent updates to the Building Safety Act introduce a new principal designer role and longer limitation periods for defects claims, ushering in new compliance challenges for construction industry stakeholders to navigate, as well as a need to affirm that their insurance arrangements provide adequate protection, say Zoe Eastell and Zack Gould-Wilson at RPC.

  • A Rare Look At Judicial Interpretation Of LEG Exclusions

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    A Florida federal court’s order last month in Archer Western-De Moya v. Ace American Insurance and an earlier decision from a D.C. federal court offer insight into how courts may interpret defects exclusion clauses developed by the London Engineering Group — filling a void in case law in the area, says Jonathan Bruce at Holman Fenwick.

  • Ruling In FCA Case Offers Tips On Flexible Work Requests

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    In Wilson v. Financial Conduct Authority, the Employment Tribunal recently found that the regulator's rejection of a remote work request was justified, highlighting for employers factors that affect flexible work request outcomes, while emphasizing that individual inquiries should be considered on the specific facts, say Frances Rollin, Ella Tunnell and Kerry Garcia at Stevens & Bolton.

  • Breaking Down The New UK Pension Funding Regs

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    Recently published U.K. pension regulations, proposing major changes to funding and investing in defined benefit pension schemes, raise implementation considerations for trustees, including the importance of the employer covenant, say Charles Magoffin and Elizabeth Bullock at Freshfields.

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