We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Insurance UK

  • September 8, 2017

    Banks Want Clarity On UK Cross-Border Contracts After Brexit

    The U.K. and the European Union need to take “early action” and reach an agreement that will allow existing cross-border financial contracts totalling €1.3 trillion ($1.57 trillion) to run to maturity after Brexit, two of Europe’s biggest banking lobby groups urged on Friday.

  • September 8, 2017

    UK Broker BMS Looks To Spain To Beat Brexit

    BMS Group Ltd. has become one of latest insurers looking to Europe to dodge Brexit upheaval, though is bucking the trend by picking Spain over Luxembourg or Belgium.

  • September 7, 2017

    Eversheds Launches 3 New Offices In Luxembourg, Russia

    Eversheds Sutherland will open three new offices across Europe this week offering a range of corporate finance and funds practice areas, with hires from Simmons & Simmons LLP and Nordic law firm Hannes Snellman.

  • September 7, 2017

    Orrick Introduces Software To Help Cos. Meet EU Data Rules

    Orrick Herrington & Sutcliffe LLP has launched ambitious new software to help companies test their readiness for when the European Union’s formidable new data rules take force next May.

  • September 7, 2017

    EU Official 'Disappointed' By UK Financial Settlement Stance

    The chief Brexit negotiator for the European Union said Thursday he is "very disappointed" by the U.K.’s reversal on its budget commitments for the bloc, in another warning that if the settlement impasse isn’t solved, talks won’t move forward to a future trade deal in October as planned.

  • September 7, 2017

    UK Prepares To Change Controversial Discount Rate

    The U.K. government bowed to months of fierce pressure from the insurance industry on Thursday and announced plans to reform the way courts calculate compensation for personal injury.

  • September 7, 2017

    UK Fuels Hope For Transitional Brexit Trade Deal With EU

    The U.K.’s chief Brexit negotiator said Thursday the British government wants a transitional market-access arrangement with the European Union that is “as close as possible” to the current situation for financial services and other businesses, and is prepared to meet EU representatives as frequently as required to reach a deal before the U.K. leaves the bloc.

  • September 7, 2017

    FCA Continues Transparency Probe Of 5 Life Insurers

    The U.K. Financial Conduct Authority has closed its investigation into whether Police Mutual treated longstanding customers fairly but will continue related probes into five major insurers, the regulator said Thursday.

  • September 7, 2017

    Survey Reveals UK Fintechs Worried About Post-Brexit Talent

    London’s financial technology firms are fretting about the ability to hire staff when the U.K. leaves the European Union, a government-sanctioned survey revealed Thursday.

  • September 6, 2017

    UK Statutory Fund Extends Harlequin Compensation Criteria

    The U.K.’s Financial Services Compensation Scheme has widened the criteria for investors eligible to make a claim against their financial advisers over failed Harlequin investments, beyond the negligent mortgage advice and pension switching the fund has already been paying out for the past few years.

  • September 6, 2017

    Regulators May Lower Solvency II Ratios, Moody's Says

    Insurance regulators could choose to lower firms’ capital ratios after viewing their first detailed reports under the European Union’s Solvency II regime, a major ratings agency has said.

  • September 6, 2017

    Tokio Marine Dodges Brexit With Luxembourg Move

    Tokio Marine Holdings Inc. is setting up a new company in Luxembourg to ensure it can keep trading in the European Union after Brexit, the Japanese insurance giant said on Wednesday.

  • September 6, 2017

    Ease Off On Monitoring Duties, Insurance Industry Says

    International insurance regulators will force unachievable demands on smaller firms unless they ease off on proposed monitoring duties for senior management, a leading lobby group said on Wednesday. 

  • September 6, 2017

    City Policy Chiefs Reject UK Immigration Crackdown Proposal

    London’s financial services sector would be “significantly harmed” by a government proposal to sharply curb the intake of European Union workers after Brexit, the City’s policy chiefs told Law360 on Wednesday.

  • September 5, 2017

    Treat International Brokers Fairly, Insurance Industry Says

    Global regulators risk introducing unfair advantages by forcing cross-border insurance brokers to meet tougher standards than their local counterparts, a leading international trade group has said.

  • September 5, 2017

    Basel Committee Firms Up Partnership With IFRS Foundation

    The Basel Committee on Banking Supervision said on Tuesday that it has signed an agreement with the body that develops international financial reporting standards, in a move to strengthen cooperation between the two authorities.

  • September 5, 2017

    Ombudsman Sees Rising Complaints About Banks, Insurers

    Complaints to the U.K. Financial Ombudsman Service shot up 13 percent to 170,000 in the first half of 2017, with more than half about payment protection insurance, new data showed on Tuesday.

  • September 5, 2017

    EU Court Reverses Ruling On Employee Chat Surveillance

    The upper chamber of the European Court of Human Rights ruled Tuesday that a Romanian company violated an individual’s right to privacy when it monitored his computer activity almost a decade ago, overturning a 2016 judgment that backed the firm’s actions.

  • September 5, 2017

    'Not Enough Progress' From UK On Brexit Talks, MEPs Told

    Members of the European Parliament are worried about the U.K.’s position on paying the bill for leaving the European Union, a rapidly emerging obstacle to progress in Brexit negotiations, the Parliament said on Tuesday.

  • September 4, 2017

    Willis Towers Watson Snags Accenture Regulatory Expert

    Willis Towers Watson has hired a senior regulatory expert from Accenture PLC to develop software to help insurers report information to watchdogs, the international broker said on Tuesday.