Insurance UK

  • July 10, 2025

    Aegon Urges Bold Pension Reforms In Anticipated UK Review

    The U.K. government should launch its pensions adequacy review as part of its annual financial services strategy announcement next week, an insurer said Thursday.

  • July 10, 2025

    FCA Plans Investor Rule Overhaul To Boost Capital Markets

    The Financial Conduct Authority said Thursday that it will amend its client categorization rules in a bid to encourage wealthy and experienced investors to plow more cash into London's ailing equity capital markets.

  • July 10, 2025

    L&G, Blackstone Join To Boost Annuities, Asset Management

    Legal & General Group PLC said Thursday that it has penned a private credit partnership with Blackstone, the alternative asset management giant.

  • July 10, 2025

    BoE Head Bailey Opposes Gov't Pension Investment Mandate

    The governor of the Bank of England has said he disagrees with the idea of requiring pension funds by law to invest in U.K. assets, in an intervention that experts say could have a knock-on effect for flagship legislation for the sector.

  • July 09, 2025

    Sweden Wins €60M Pension Fraud Case Against Financier

    A London court has ruled that a financier defrauded the Swedish government by setting up an illegitimate investment fund that took €60.7 million ($71.1 million) from savers' pension accounts.

  • July 09, 2025

    Gov't Urged To Review State Pension As Cost Estimates Rise

    The government should launch a review into whether to maintain the state pension triple lock, experts suggested, after it emerged that the cost of maintaining the policy will increase to more than £15.5 billion ($21.1 billion) a year by 2030.

  • July 09, 2025

    Insurers Argue $37M Liability Void Over Director's Charges

    Six insurers told an appeals court Wednesday they should not have to pay $37 million to the owners of a cargo ship seized by the Indonesian navy because the policy was rendered void by the owner's failure to disclose that its director faced criminal charges.

  • July 09, 2025

    Authorities Urged To Stagger Local Gov't Pension Fixes

    The U.K. government should stagger the raft of proposed fixes to the Local Government Pension Scheme so as not to overwhelm administrators, Hymans Robertson has warned, calling for expectations to be realistic.

  • July 09, 2025

    BoE Flags Cyber Risk Blind Spots In Stress Test

    The Bank of England's regulatory arm has warned companies that financial firms are ill-prepared for a cyberattack that threatens timely settlements.

  • July 09, 2025

    Zurich Loses Appeal For Software Patent At EPO

    Zurich Insurance has lost its latest attempt to secure a patent over its software that helps multiple users work on a project, failing to convince a European appeals board that the technology is inventive.

  • July 09, 2025

    CMS Guides Utmost On 4 Pension Deals Worth £177M

    Utmost Life and Pensions said on Wednesday that it has penned four retirement savings deals worth £177 million ($240 million) since the start of 2025.

  • July 08, 2025

    Howden Teams Up With Law Firm For Crypto Theft Product

    Broking giant Howden has released a cryptocurrency theft insurance and recovery product in partnership with law firm Lawrence Stephens, in what it called a first-of-its-kind solution for the sector. 

  • July 08, 2025

    EU Markets Regulator Unveils Plan To Cut Emissions By 2030

    Europe's financial markets watchdog published Tuesday its first climate transition plan as a step toward meeting the European Union's climate objectives.

  • July 08, 2025

    2 Firms Steer Insurance Group CRC's Lloyd's Underwriter Buy

    The wholesale insurance broker CRC Group has agreed to acquire the U.K.-based underwriting business Atrium from private equity firm Stone Point Capital.

  • July 08, 2025

    Underwriters Back FCA Move To Pare Back Insurance Rules

    A trade group representing underwriters in London has backed plans floated by the Financial Conduct Authority to ax unnecessary requirements from its insurance rule book, but said areas of the proposals require clarification.

  • July 08, 2025

    Insurance Consultancy BW Acquires Cybersecurity Firm

    Barnett Waddingham said Tuesday it has acquired advisory business Risk Evolves, a move the insurance consultancy expects will strengthen its offering for clients.

  • July 07, 2025

    PRA Flags Risks In Pension Deals Over Solvency Clauses

    The regulatory arm of the Bank of England has warned the insurance industry that certain clauses in the terms of bulk purchase annuity transactions could expose them to risks totaling approximately £50 billion ($68 billion).

  • July 07, 2025

    Pension Regulator Teams With Industry On Net-Zero Transition

    The Pensions Regulator said Monday it will work with workplace pension schemes and financial advisers to develop a format for occupational pension schemes to develop voluntary transition plans in line with the government's aim to reach net-zero by 2050.

  • July 07, 2025

    First Valuation Submitted Under New Pension Funding Code

    Barnett Waddingham said Monday it had filed the first pension valuation of a retirement scheme under the new defined benefit funding code introduced by The Pensions Regulator last year.

  • July 07, 2025

    UK Regulators To Speed Up Lloyd's Agent Approvals

    U.K. finance regulators and Lloyd's of London said Monday that they had agreed to changes to accelerate the authorization process for managing agents at the London insurance market.

  • July 07, 2025

    FCA Amends Exposed-Persons Definition In AML Guidance

    The City watchdog published amended guidance on Monday on politically exposed persons that loosen the rules for holders of prominent public positions in the U.K., in a bid to make the safeguards more proportionate.

  • July 07, 2025

    Actuaries Warn Over Safeguards In Pension Surplus Rules

    Most consulting actuaries do not believe that there should be a level at which pension plan trustees are required to release surplus funds tied up in their plans, in line with measures announced by the government, a trade body said Monday.

  • July 07, 2025

    Gov't Pension Reforms Could Add £29K To Workers' Savings

    Millions of U.K. savers on average salaries could see their pension pots rise by up to £29,000 ($39,400) by their retirement date once proposed reforms that aim to "revolutionize" the sector are enacted, the government revealed on Monday.

  • July 04, 2025

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

    The past week in London has seen the owner of Crystal Palace and the troubled Olympique Lyonnais football clubs sue its current chief executive John Textor, Fieldfisher faces a claim by Georgian businessman Zaza Okusahvili, and a dispute partner at Travers Smith file a personal injury claim against the firm.

  • July 04, 2025

    Financial Trade Body Sets Out Proposals For Growth To Gov't

    A trade body for financial institutions published on Friday its recommendations on HM Treasury's plans to support growth and reinforce Britain's position as a global financial center, including reconsideration of the Consumer Duty.

Expert Analysis

  • 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.

  • Interpreting Newly Released Consumer Fraud Complaints Data

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    The Financial Ombudsman Service’s latest complaint data focuses on scams and customer service, and demonstrates that as fraud is becoming rapidly more complex, financial regulators need to acknowledge that technology is here to stay and work together with firms to protect consumers, say lawyers at RPC.

  • Anticipating The UK's Top M&A Trends In 2025

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    Conversations with market participants are focusing on five key questions about 2025's transactional markets, ranging from issues of artificial intelligence, to the boom in takeovers and increased regulatory scrutiny, says Layla D’Monte at King & Spalding.

  • Hawaii Climate Insurance Case Is Good News For Energy Cos.

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    The Hawaii Supreme Court's recent ruling in a dispute between an oil company and its insurers, holding that reckless conduct in the context of activities that can cause climate harms is covered by liability policies, will likely be viewed by energy companies as a positive development, say attorneys at Fenchurch Law.

  • The EU AI Act's Impact On Global Financial Regulation

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    The European Union’s new Artificial Intelligence Act, representing lawmakers’ first comprehensive attempt to regulate AI and giving special attention to the financial services sector, hopes to influence global legal and regulatory frameworks to maintain access to the EU market, say lawyers at Goodwin.

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