Insurance UK

  • April 11, 2025

    FCA Warns Banks To Improve Bereavement Support

    The Financial Conduct Authority warned banks and building societies on Friday to give better treatment to clients who experience bereavement or register a power of attorney.

  • April 11, 2025

    Court Affirms Nix Of £2M VAT Refund For Cars' Data Devices

    The British Court of Appeal affirmed Friday that a company wasn't entitled to recoup £2 million ($2.6 million) in value-added tax charged on the installation of event-data-recording devices in cars.

  • April 11, 2025

    Teacher Loses Racial Bias, Harassment Claim

    An employment tribunal has thrown out a teacher's claims that staff at a grammar school in southeast England discriminated and harassed her, putting an end to her case after she'd already had allegations that the head teacher committed insurance fraud to pay his solicitors tossed out.

  • April 11, 2025

    UK Urged To Reduce Gov't Interference In Pension Sector

    The U.K. government should consider freeing pension providers to allocate the assets wherever they choose to maximize returns and boost the country's economic growth, an industry association has said.

  • April 11, 2025

    Hannover Re To Buy Swiss Re's Australian Insurance Portfolio

    A Hannover Re unit has agreed to acquire the Australian direct life insurance portfolio of Swiss Re for an undisclosed amount following the Swiss reinsurer's decision to exit the loss-making business globally.

  • April 11, 2025

    Lessors Deny Jurisdiction Clause Breach In $10B Planes Case

    A group of aircraft lessors have hit back at a counterclaim from insurers in a $10 billion dispute over payouts for planes stranded after Russia's invasion of Ukraine, arguing they haven't breached jurisdiction clauses with claims in England.

  • April 11, 2025

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

    This past week in London has seen law firm Michael Wilson & Partners reignite a 20-year dispute with a former director over an alleged plot to form a rival partnership, headphone maker Marshall Amplification sue a rival in the intellectual property court, and a commercial diving company pursue action against state-owned nuclear waste processor Sellafield. Here, Law360 looks at these and other new cases in the U.K.

  • April 10, 2025

    Watchdog Finds Trustees Failing To Assess Climate Risk

    The Pensions Regulator warned Thursday that many trustees of smaller direct contribution pension schemes are failing to consider risk to investments from climate change and should consider quitting the market.

  • April 10, 2025

    Pensions Watchdog Adds 2 Finance Pros To Senior Staff

    Britain's pension schemes regulator said Thursday that it has added two financial experts to senior positions "to help meet the challenges of the evolving and increasingly commercial pensions market."

  • April 10, 2025

    Goldman-Backed Broker Buys UK Rival Moore Robinson

    Insurance intermediary Clear said Thursday that it has acquired Moore Robinson Ltd., a specialist property broker based in the City of London, as the group moves to strengthen its U.K. retail arm.

  • April 10, 2025

    Pensions Regulator's AI Tool Takes Aim At Criminals

    The retirement savings watchdog has helped develop artificial intelligence technology to identify and remove websites that attempt to defraud people and steal their pension funds.

  • April 10, 2025

    FCA Boss Rathi Appointed To 2nd Term With Growth Focus

    HM Treasury said Thursday that it has reappointed Nikhil Rathi as chief executive of the Financial Conduct Authority to continue its reform of the regulations to support economic growth.

  • April 09, 2025

    Gallagher Liable For Data Breach Insurance Cover Failure

    Gallagher must compensate a housing trust for its botched handling of insurance cover following a data breach, after a London court ruled that the trust had lost out on the chance to be insured for a combined total of up to £11 million ($14 million) across three different policies.

  • April 09, 2025

    Howden Accused Of Poaching Entire W&I Team From PIB

    A subsidiary of insurance consolidator PIB has accused Howden of decimating its warranty and indemnity team by poaching 32 staffers and executives and for recruitment in the rival's underwriting division, Dual.

  • April 09, 2025

    Scottish Friendly Acquires £2.16B In Fidelity Pension Assets

    Mutual life insurer Scottish Friendly said Wednesday that it has acquired £2.16 billion ($2.76 billion) of pension and annuity payment books of British investment firm Fidelity International.

  • April 09, 2025

    EU Unveils Road Map To Simplify Insurance Regulations

    The European Union's insurance watchdog has unveiled a plan that aims to simplify financial services regulations in a bid to drive growth amid economic instability.

  • April 09, 2025

    Rothesay Seals £105M Pensions Deal With Skipton

    A pension plan for U.K. building society Skipton has agreed a £105 million ($135 million) full buy-in deal with insurer Rothesay Life PLC, securing the benefits of all 705 members.

  • April 08, 2025

    Kuwait Pension Chief's Estate Denies $1B Bribery Claims

    The estate of the deceased Kuwaiti pension authority director denied on Tuesday that the businessman was involved in an unlawful scheme of corrupt payments in excess of $1 billion, saying he believed the payments were legitimate and above-board.

  • April 08, 2025

    Trade Body Urges Softer Regulatory Touch On PEPP Rules

    A trade body for Europe's investment managers urged watchdogs in the bloc on Tuesday to relax regulatory restrictions on providers of the pan-European pension product in a move to boost demand by investors.

  • April 08, 2025

    Aviva Detected 14% Rise In Claims Fraud In 2024

    Aviva PLC encountered a 14% rise in the number of fraudulent insurance claims in the U.K. last year, comprising more than 12,700 suspected false claims worth £127 million ($162 million), the insurer said in a report Tuesday.

  • April 08, 2025

    RPC, Weil-Led Howden Closes Buy Of UK Consultant

    The insurance broker giant Howden Group Ltd. has finalized its acquisition of Barnett Waddingham, a professional services consultant, to create a major player in the U.K.'s pensions and employee benefits sector.

  • April 08, 2025

    FCA Boosts Testing Support For Innovative Products

    The financial watchdog said Tuesday that it will make it easier for companies to test innovative products and support those which apply for regulatory approval as part of its work program for 2025/26.

  • April 08, 2025

    BoE Proposes Faster Investment Recognition For Insurers

    The regulatory arm of the Bank of England said Tuesday that it wants to make it easier for insurance companies to invest in the U.K., part of a process to boost the competitiveness of the domestic economy.

  • April 07, 2025

    FCA Proposes Lighter Rules For Hedge Fund Managers

    The Financial Conduct Authority proposed Monday to reform its regime for alternative asset managers, making it easier to enter the market and grow the business.

  • April 07, 2025

    Doubts Grow Over Impact Of UK Capital Market Deregulation

    Government efforts to revitalize the country's sluggish economy by stripping away regulatory burdens on financial markets have raised concerns among lawyers that consumers might be exposed to more risk, amid doubts that the steps can stimulate broader U.K. economic output.

Expert Analysis

  • A Crucial Chance For UK Supreme Court To Clarify Arbitrator Bias

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    In Halliburton v. Chubb, the U.K. Supreme Court has an opportunity to tackle uncomfortable questions and support confidence in London's arbitration sector by policing effectively against bias and impartiality when arbitrators are involved in multiple tribunals, says Rosie Wild at Cooke Young.

  • Rebuttal

    Legal Industry Should Pursue AI Prediction Progress

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    As part of the debate prompted by my recent Law360 guest article on legal prediction using artificial intelligence, I would like to unpack four issues and suggest that attorneys and technologists continue to tackle the problems presently within reach, says Joseph Avery at Claudius Legal Intelligence.

  • Rebuttal

    AI Can't Accurately Predict Case Length And Cost — Yet

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    A recent Law360 guest article argued that artificial intelligence can precisely estimate the length and cost of a new case, but several limitations will likely delay truly accurate predictions for years to come, says Andrew Russell at Shaw Keller.

  • What To Expect During The Brexit Transition Period

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    While all formal ratification procedures for the U.K.'s departure from the European Union have been completed, the transitional period will bring an enormous range of trade, customs and regulatory issues, say attorneys at Mayer Brown.

  • Opinion

    Legal Prediction Is Demanding But Not Impossible

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    The New Jersey Supreme Court’s recent decision in Balducci v. Cige incorrectly concluded that predicting the length and cost of a case is nearly impossible, and overlooked artificial intelligence's ability to do so, says Joseph Avery with Claudius Legal Intelligence.

  • Surefire Marketing Methods To Build Your Legal Practice

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    Attorneys who take the time and the risk to showcase their talents through speaking, writing and teaching will find that opportunities will begin building upon themselves, says Daniel Karon of Karon LLC.

  • Mandatory Mediation May Lie Ahead For England And Wales

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    The U.K. Court of Appeals' decision in Lomax v. Lomax, among other recent developments, show significant judicial support for compulsory mediation of appropriate civil and commercial cases in England and Wales, say Margarita Michael and Grace Spurgeon of O'Melveny.

  • Key Risks And Developments For UK Law Firm Culture In 2020

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    In 2020, law firms throughout the U.K. will be increasingly reshaped by rapid changes in societal expectations and advances in technology, say Helen Rowlands and Niya Phiri of Clyde & Co.

  • Cos. Can Start Preparing Now For Immigration Beyond Brexit

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    Ahead of the U.K.'s likely departure from the European Union on Jan. 31, 2020, companies should use the one-year transition period to help workers understand any new registration requirements, evaluate budgetary concerns and expedite any employee relocations, say Julia Onslow-Cole and Charlotte Wills at Fragomen.

  • #MeToo Pressure On UK Businesses Is Set To Rise

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    Recent declarations by the Financial Conduct Authority and Prudential Regulation Authority indicate that sexual harassment in the U.K.'s financial services industry may lead to consequences under the newly expanded Senior Managers and Certification Regime, and other sectors are facing growing scrutiny as well, say attorneys at Covington.

  • Opinion

    UK's Insurer Investigations May Not Help Policyholders

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    The U.K. Ministry of Justice's recent investigations into insurers suspected of not passing on savings to consumers suggests insurers may see consequences for their hollow promises, but only if the government follows through to hold insurers accountable, says Tom Jones of Thompsons Solicitors.

  • The Outlook For Autonomous Vehicles In The UK And US

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    As both the U.K. and U.S. governments continue to develop regulatory frameworks for autonomous vehicles, manufacturers can take certain steps to avoid litigation and manage risk, say attorneys at FaegreBD.

  • Brexit's Impact On London As A Top Int'l Arbitration Seat

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    Despite concerns that London may be considered a less attractive place to do business post-Brexit, there are many reasons to believe that the city will retain its position as a globally favored arbitral seat, say Adrian Jones and James Wagner at FaegreBD.

  • Post-Brexit UK Likely To Conform With EU On Human Rights

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    In a recent speech, U.K. Foreign Secretary Dominic Raab stated his intent to expand sanctions for human rights violations by extending the so-called Magnitsky amendment, strongly indicating that Britain's exit from the EU would be unlikely to disrupt coordinated efforts to address international transgressions against human rights, says Stephen Baker at Baker & Partners.

  • The Evolution Of GDPR Enforcement Across The EU

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    With the last few months bringing significant fines to major businesses that have breached the European Union's General Data Protection Regulation, it is clear that regulators are moving away from the light-touch approach they employed during the transition to the new rules, says James Simpson of Blaser Mills.

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