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Insurance UK
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November 17, 2025
CMS, Freshfields Steer £600M Aviva, Wolseley Pension Deal
Wolseley Group, the U.K.'s largest specialist merchant for plumbing, heating, cooling and infrastructure products, has offloaded pension liabilities worth £600 million ($790 million) to insurance giant Aviva in a deal guided by Freshfields and CMS, the insurer said Monday.
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November 17, 2025
Fraudulent Insurance Claims Continue To Top £1B A Year
Fraudulent claims in the U.K. general insurance sector rose again in 2024, with those linked to motor cover driving much of the increase, the Association of British Insurers warned on Monday.
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November 17, 2025
SocGen To Launch An Additional €1B Share Buyback Program
Société Générale said Monday it will roll out a new €1 billion ($1.2 billion) share repurchase program, a move expected to lower its outstanding share capital.
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November 14, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Freeths face a professional negligence claim from a Scottish car dealership, Rolls-Royce sue logistics giant Kuehne + Nagel, and a team of Oberon Investments Group investment managers sued by their former employer.
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November 14, 2025
UK Compensation Program To Slash Annual Levy To £342M
The Financial Services Compensation Scheme said it is on track to slash £14 million ($18.4 million) from its levy on businesses in 2026 as it predicts that claims against pension providers will fall.
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November 14, 2025
BoE Weighs New Role For Capital Markets In Life Insurance
The Bank of England said Friday it is considering ways in which life insurance companies can package risk for private investors in a bid to further boost the rapidly growing industry.
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November 14, 2025
Denmark Has Until Dec. 12 To Appeal £1.4B Cum-Ex Defeat
Denmark has 28 days to try to revive its £1.4 billion ($1.8 billion) case over a tax fraud allegedly orchestrated by convicted hedge fund trader Sanjay Shah, a judge said Friday as he gave full reasons for refusing permission to appeal.
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November 14, 2025
AXA XL Settles With Lessor In $334M Stranded Planes Claim
An Irish aircraft lessor has reached a settlement with AXA XL in its $334 million claim against several major insurers over payouts for planes stranded in Russia following the invasion of Ukraine, the latest development in wide-ranging multibillion-dollar litigation.
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November 13, 2025
Geopolitical Uncertainty Pushes UK Pension Profit Warnings
More than half of the profit warnings issued between July and September by London-listed companies that have a defined benefit pension scheme cited policy change and geopolitical uncertainty as the cause, a professional services firm said Thursday.
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November 13, 2025
Broker Says Asset Manager Owes Unpaid Finder's Fees
Investment broker Musst Holdings Ltd. said Thursday that an asset manager owed it unpaid finder's fees for $85 million in investments Musst had facilitated.
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November 13, 2025
FCA Warns CFD Firms Over Unfair Consumer Practices
The Financial Conduct Authority on Thursday warned some providers of a type of financial bet called contracts for difference are failing to provide "fair value" for U.K. consumers.
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November 13, 2025
Insurance Lobby Pushes Back On Rumored Budget Changes
The government risks undermining the financial security of millions if it pushes ahead with rumored changes to pension tax relief in the budget, an insurance trade body warned Thursday.
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November 13, 2025
UK Gov't To Rethink WASPI Ruling On Eve Of Court Date
The government said it will reassess its controversial decision not to pay compensation to millions of women over state pension shortfalls, after new evidence emerged before an upcoming legal battle with campaigners.
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November 12, 2025
HMRC Hikes Business Fees For Supervising AML Compliance
The U.K. tax authority disclosed Wednesday that it will be increasing the fees it charges businesses to cover the cost of supervising them for compliance with anti-money laundering and terrorist financing regulations.
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November 12, 2025
FCA To Work With Singapore To Drive AI Innovation
The Financial Conduct Authority said Wednesday that it has struck up a partnership with its Singaporean counterpart to support safe innovation in artificial intelligence as it moves to strengthen its international footprint.
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November 12, 2025
UK Insurer Body Warns Against Rise In Premium Tax
Motorists could face new price hikes on their insurance if the government decides to raise a tax on premiums in the next budget, a trade body warned Wednesday.
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November 12, 2025
FRC Issues Standard To Improve UK Sustainability Reporting
The Financial Reporting Council released Wednesday the U.K. version of a global standard for verifying the sustainability information that companies publish alongside their accounts as it seeks to ensure that investors are better informed.
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November 12, 2025
FCA Urged To Act On Insurers' Low Claims Acceptance Rates
The Financial Conduct Authority should get a grip on the home insurance sector, a consumer body warned on Wednesday, after finding that more than a third of claims were rejected.
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November 12, 2025
Eversheds Guides Pub Chain On £62M Pension Deal
British pub giant Stonegate has completed two bulk purchase annuities with Utmost Life and Pensions worth a combined £62 million ($81 million), helping to protect the retirement benefits of 650 members.
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November 11, 2025
UK Cyber-Insurance Payouts Soar Amid Rising Digital Threats
Insurance companies paid £197 million ($260 million) to businesses that suffered from cyber-attacks in 2024, equating to a 230% year-on-year increase on the £59 million paid in 2023, the Association of British Insurers said.
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November 11, 2025
Companies Ignoring Financial Crime Risks, FCA Says
Companies ranging from wealth managers to payment services providers are ignoring financial crime risks such as money laundering and anti-bribery, the Financial Conduct Authority said Tuesday in a review of business practices.
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November 11, 2025
LCP Proposes Radical Shakeup Of UK State Pension Age
The U.K. government must push through major reforms to the state pension age, a consultancy said, warning that maintaining the current system amid soaring longevity rates is financially unsustainable.
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November 11, 2025
Linklaters, Kirkland-Led Davies To Buy Canadian Claims Biz
Professional services and technology business Davies, backed by British investment firm BC Partners LP, has agreed to acquire SCM Insurance Services, Canada's largest claims processing and risk solutions business.
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November 11, 2025
FRC Guides Asset Managers On Easier Stewardship Reporting
Britain's accounting watchdog released guidance on Tuesday for asset managers and others on compliance with the updated Stewardship Code, which will reduce the reporting burden.
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November 10, 2025
TPT Names Trustee Board For New Defined Benefit Superfund
TPT Retirement Solutions Ltd. said Monday that it has appointed a board of independent trustees to oversee its defined benefit superfund, which it recently unveiled.
Expert Analysis
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What Cos. Should Know About The EU Greenwashing Rules
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.
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The Art Of Corporate Apologies: Crafting An Effective Strategy
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.
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Dissecting Recent Developments Against The Misuse Of NDAs
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.
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What To Know About The Russia-Stranded Plane Ruling
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.
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3 Notable Pensions Reforms In Spring Budget
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.
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UK Arbitration Ruling Offers Tips On Quelling Bias Concerns
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.
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Bias Ruling Offers Guidance On Disqualifying Arbitrators
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.
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Insurance Policy Takeaways From UK Lockdown Loss Ruling
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.
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What COVID Payout Ruling Means For Lockdown Loss Claims
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.
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Spartan Arbitration Tactics Against Well-Funded Opponents
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.
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Top Court Hire Car Ruling Affects 3rd-Party Negligence Cases
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.
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Unpacking The Building Safety Act's Industry Overhaul
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.
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A Rare Look At Judicial Interpretation Of LEG Exclusions
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.
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Ruling In FCA Case Offers Tips On Flexible Work Requests
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.
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Breaking Down The New UK Pension Funding Regs
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.