Insurance UK

  • July 14, 2026

    Ex-Macfarlanes Pro Joins FCA Regulatory Decisions Panel

    The Financial Conduct Authority said Tuesday that its board has appointed former Macfarlanes LLP lawyer Dan Lavender to its committee that ensures contested enforcement decisions are made fairly.

  • July 14, 2026

    UK Launches Financial Services Skills Project Amid AI Fears

    The government began a "landmark" project on Tuesday with the financial services sector, designed to future-proof the industry for skills needed in the coming years, amid concerns over the "unprecedented disruption" posed by artificial intelligence.

  • July 14, 2026

    UK To Accelerate Tokenization Of Wholesale Financial Markets

    The Treasury's champion of wholesale digital markets, Chris Woolard, has set out for Chancellor Rachel Reeves a 12-month plan to get companies, regulators and the government to develop online assets in wholesale financial markets.

  • July 14, 2026

    UK Floats Plan To Plug £154M Pension Regulation Black Hole

    The government has said it wants to hike levies on pension funds to plug a £154 million ($206 million) shortfall in the cost of regulating the sector.

  • July 14, 2026

    25 Pension Funds Invest £5.3B In Unlisted UK Markets

    The nation's largest pension schemes have £5.3 billion ($7 billion) invested in U.K. unlisted markets, according to data published by the sector's regulator, as the government pushes ahead with its megafund reforms.

  • July 14, 2026

    Insurers Blame Shipowner Over 2018 Engine Failure

    Seven insurers of almost 30,000 metric tonnes of palm oil have asked the High Court to rule that a shipowner cannot claim financial contributions for rescuing a vessel that broke down because the ship itself was allegedly unseaworthy.

  • July 13, 2026

    Gov't Lacks Full Plan To Tackle Financial Exclusion, MPs Say

    A group of MPs called on the government Tuesday to work with the Financial Conduct Authority to set standards for the detail, targets and accountability needed to support the Treasury's incomplete financial inclusion strategy by January.

  • July 13, 2026

    Ashurst Pro Accused Of False Stolen Bike Insurance Claim

    The solicitors' regulator accused an associate at Ashurst LLP of making dishonest statements in support of an insurance claim for a stolen bicycle at a London disciplinary tribunal Monday.

  • July 13, 2026

    ABI Calls For Phased Increase To 12% Pension Contributions

    British insurers urged the government's retirement savings inquiry on Monday to produce a clear road map to lift automatic enrollment pension contributions from 8% to 12% by the end of the 2030s, warning that millions of savers are unprepared for retirement.

  • July 13, 2026

    Pensions Lifeboat Fund Begins Work On £1.4B Inflation Fix

    The Pension Protection Fund has said it has begun to prepare a package worth £1.4 billion ($1.8 billion) for older retirees who were denied years of inflation-linked increases in benefits.

  • July 13, 2026

    DLA Piper Steers Engineer's UK Pension Plan Buy-In

    The U.K. pension plan of global engineering consultancy Stantec has completed a full insurance buy-in, securing the retirement benefits of all 680 members, a financial adviser said on Monday.

  • July 13, 2026

    UK Sets Out Timeline For Flagship Pension Value Reforms

    Members of the U.K.'s largest pension plans will be able to access the first value-for-money reports in two years' time, the government said Monday, as part of what it described as the biggest shake-up of the sector in a generation.

  • July 13, 2026

    Marine Insurers Get Backing For Thomas Miller Takeover

    Two marine insurers in merger talks said Monday that 89% of shareholders in Thomas Miller Holdings have accepted their joint takeover offer, with the acquisition of the holding company expected to close in the fourth quarter of 2026.

  • July 10, 2026

    Building Biz Denies Liability In £113M Defective Housing Clash

     Housebuilder Willmott Dixon has hit back at a housing association's attempt to pass on liability for a £113 million ($152 million) claim over allegedly uninhabitable housing, telling a London court that it is not responsible for the remediation bill.

  • July 10, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen lawyer Ian Rosenblatt launch legal action against music mogul Simon Cowell, Boohoo face a fresh investor claim after previously facing allegations that it feigned ignorance of labor abuses in its supply chain, and an ex-Tory MP and his chief of staff sued by their former employer. Here, Law360 looks at these and other new claims in the U.K.

  • July 10, 2026

    Nord Stream Ruling Shows Broad Reach Of War Exclusions

    The failed attempt by Nord Stream to recover €580 million ($662 million) for damage to gas pipelines underlines how far broadly worded war exclusions can reach and could influence insurance disputes that arise from geopolitical conflicts, lawyers say.

  • July 10, 2026

    UK Financial Watchdogs To Regulate Big Tech Providers

    The government said Friday it will bring cloud computing giants under direct financial regulatory oversight as it seeks to strengthen the resilience of the country's financial system and reduce the risk that widespread service disruption could affect banks, insurers and consumers.

  • July 10, 2026

    FCA Finds Widespread Failings In Consumer Duty Review

    The Financial Conduct Authority said Friday that it has found failings in how financial services businesses designed, monitored or distributed products under its consumer duty requirement.

  • July 09, 2026

    Austria's Bank VAT Break Was State Aid, EU Top Court Says

    The European Union's top court ruled Thursday against an Austrian law that provided a value-added tax exemption for certain transactions in the banking and insurance sectors, holding that the tax break functioned as illegal state aid under EU law.

  • July 09, 2026

    UK Pension Compensation Payouts Could Hit Record Low

    Compensation payments for people who were wrongly advised to transfer out of valuable final-salary pensions are expected to drop to a record low from July to October, an actuarial consultancy has said.

  • July 09, 2026

    FCA Details Crackdown On Illegal Ads, Financial Crime

    The City regulator said in its latest annual report on Thursday that it led an international crackdown on illegal financial promotions over the past year, making three arrests, requesting 650 social media takedowns and intensifying its fight against financial crime.

  • July 09, 2026

    SSB Law Seeks £19.5M From ATE Insurers In Cavity Wall Case

    The administrators of SSB Law have sued the collapsed firm's insurer for £19.5 million ($26 million), seeking to recover premiums the firm paid for insurance that covered its clients' cavity wall insulation claims.

  • July 09, 2026

    Capita Pension Failings To Hit Profit By Up To £40M

    Outsourcing giant Capita warned Thursday that problems administering the U.K. Civil Service Pension Scheme will cut its 2026 profit by up to £40 million ($54 million) and delay its return to surplus cash generation.

  • July 09, 2026

    More Firms Sign FRC Investor Code Amid Regime Switch

    Britain's accounting watchdog said Thursday that 191 organizations meet the conditions to be signed up to its revised UK Stewardship Code, announcing that 290 businesses are now signatories to the framework.

  • July 09, 2026

    Pensions Biz Nest Eyes £1B VC Investment For UK Savers

    Workplace pension scheme Nest plans to invest up to £1 billion ($1.3 billion) in growing private companies via a dedicated venture capital portfolio managed by Schroders Capital, to boost long-term returns and increase backing for British startups.

Expert Analysis

  • What Latest FCA Portfolio Letter Means For Payments Firms

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    Charlotte Hill at Charles Russell discusses the Financial Conduct Authority’s recent portfolio letter to CEOs of payments firms, outlining the regulator’s expectations, and the steps that these companies may now need to take to ensure compliance and operational effectiveness.

  • What's Next After FCA Drops Troubled 'Name And Shame' Plan

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    A closer look at the Financial Conduct Authority's recent decision to toss its widely unpopular proposal changing the test for announcing enforcement investigations may reveal how we got here, why the regulator changed course, and where it’s headed next, say lawyers at Hogan Lovells.

  • Roundup

    Practice Leader Insights

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    Practice group leaders share thoughts on keeping the pulse on legal trends, tackling difficult cases and what it takes to make a mark in their area in this Expert Analysis series.

  • New UK Order Offers Welcome Clarity To Crypto Staking Rules

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    The recently effective Financial Services and Markets Act 2000 Amendment Order clarifies that arrangements for qualifying crypto-asset staking do not amount to a collective investment scheme, and by addressing an issue that curtailed staking activities in the U.K., facilitates the use of that practice, says Andrew Henderson at Goodwin.

  • How EU's Anticoercion Tool May Counter New US Tariffs

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    The never-before-used anticoercion instrument could allow the European Union to respond to the imposition of U.S. tariffs, potentially effective March 12, and gives EU companies a voice in the process as it provides for consultation with economic operators at different steps throughout the procedure, say lawyers at Crowell & Moring.

  • What To Know About Compliance As EU AI Act Takes Effect

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    Raj Shah at Mishcon de Reya explains how recently effective provisions of the European Union Artificial Intelligence Act, which concern prohibited AI practices and AI literacy, will affect both providers and users of AI systems, and suggests steps that companies can take now to plug any compliance gaps.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.

  • Market Infrastructure Regs Aim To Reinvigorate EU Trading

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    The recently amended European Market Infrastructure Regulation, imposing a requirement on certain financial and nonfinancial institutions to maintain an active EU counterparty account, hopes to incentivize the central clearing of trades, although there are concerns that higher compliance costs will lead to a decrease in competitiveness, say lawyers at McDermott.

  • Important Changes To Note In Accountant Ethics Code Update

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    The Institute of Chartered Accountants of England and Wales' forthcoming code of ethics will bring a number of significant updates to raise standards within the profession, but also risks of professional indemnity claims that could lead to challenges for firms, say lawyers at RPC.

  • What 2025 Holds For UK, EU Restructuring And Insolvency

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    European Union and U.K. restructuring developments in 2024, with a new era of director accountability, the use of cramdown tools and the emergence of aggressive liability management exercises, mean greater consideration of creditors' interests and earlier engagement in restructuring discussions can be expected this year, says Inga West at Ashurst.

  • How GCs Can Protect Cos. From Geopolitical Headwinds

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    Geopolitical uncertainty is perceived by corporate leaders as the biggest short-term threat to global business, but many of the potential crises are navigable if general counsel focus on what is being said about a company and what the company is doing, says Juliet Young at Schillings.

  • Navigating PRA's Data Request For Crypto-Asset Exposure

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    The Prudential Regulation Authority’s recent data request for details on financial institutions' crypto-asset exposures should be used as an opportunity for firms to update their compliance procedures, and consider the future use of crypto-assets and related services, says James Wickes at RPC.

  • Key Points From FCA Financial Crime Guide Updates

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    The Financial Conduct Authority’s recent updates to its financial crime guide reflect the regulator’s learnings on sanctions following Russia's invasion of Ukraine, highlighting and clarifying consumer duty, anti-money laundering and other compliance expectations, say lawyers at Womble Bond.

  • Why Nonfinancial Misconduct Should Be On Firms' Radar

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    Following a recent Financial Conduct Authority survey showing an increase in nonfinancial misconduct, the regulator has made clear that it expects firms to have systems in place to identify and mitigate risks, says Charlotte Pope-Williams at 3 Hare Court.

  • Insider Info Compliance Highlights From New FCA Guidance

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    The Financial Conduct Authority's recent guidance to companies on identifying inside information clarifies the regulator's expectation of case-by-case assessment, helpfully highlighting that abuse of U.K.-regulated markets can arise earlier than some might think, say lawyers at Sullivan & Cromwell.

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