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Insurance UK
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September 03, 2025
Investors Lose Bid For Pension Orders In AI Bike Fraud Case
Investors seeking to enforce a fraud judgment against the founders of an AI-driven exercise bike company suffered a setback Wednesday, when a London judge declined to finalize interim debt orders against the founders' pensions.
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September 03, 2025
EU Trade Body Wants Relaxed Bank Rules For Consolidation
A trade body for European financial institutions has called for widespread reform of rules on capital, ring-fencing and crisis resolution for banks, steps it claims would boost competitiveness and industry consolidation.
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September 03, 2025
Council Loses Bid To Recover £20M Pension Investment Loss
An English council on Wednesday lost its bid to wind up a failed Luxembourg-based fund to recover a £20 million ($27 million) pension investment, with a London appeals court ruling the entity was not a company for the purposes of insolvency legislation.
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September 03, 2025
Insurer Aviva Halts £60M Of Fraudulent Insurance Claims
Insurance giant Aviva said Wednesday it prevented over £60 million ($80.6 million) worth of fraudulent claims in the first six months of the year.
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September 03, 2025
RPC Guides US Insurer On $555M Buy Of Lloyd's Underwriter
Houston-based insurer Skyward Specialty has bought Lloyd's of London managing agent Apollo Group Holdings Ltd. for $555 million, in a deal steered by RPC and Willkie Farr & Gallagher LLP.
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September 03, 2025
'Deteriorating Outlook' For Reinsurers As Claims Mount
Profits for the global reinsurance sector are likely to dip in 2026 because of an increase in competition on pricing and mounting losses from natural catastrophes, a ratings agency has said.
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September 03, 2025
Aegon Nets €700M From Dutch Insurer Share Sale
Global financial services company Aegon said on Wednesday that it has lowered its stake in Dutch insurer ASR Nederland NV by selling its shares and has raised €700 million ($815 million) in the process.
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September 03, 2025
Davies Group Launches New Wholesale Insurance Broker
Professional services and technology business Davies Group Ltd. said Wednesday that it has launched a specialist property and casualty wholesale insurance brokerage.
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September 02, 2025
FCA Calls For Legal Clarity If Trustees Refuse Gov't Mandate
The Financial Conduct Authority warned a parliamentary committee Tuesday that the government's Pensions Schemes Bill requires secondary legislation to clarify how trustees can safely refuse any government direction on how to invest funds in the private economy.
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September 02, 2025
UK Gov't To Fix Fallout From Virgin Media Pensions Ruling
The government has floated new rules for pension funds that experts say could offer a way out of the legal limbo they've faced since a landmark court judgment more than a year ago.
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September 02, 2025
Clifford Chance-Led Online Marketplace Plans Swiss IPO
Online marketplace owner Swiss Marketplace Group AG said on Tuesday that it is planning to float its existing shares on the SIX stock exchange of Switzerland in an initial public offering.
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September 02, 2025
Reform UK Slams £1B 'Waste' In Municipal Pension Plan Fees
Right-wing political party Reform UK said it believes that an overhaul is needed in the way Britain's £391 billion ($523 billion) municipal pension fund is managed, claiming £1 billion is wasted every year on investment fees.
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September 09, 2025
Keoghs Hires 4 New Partners From Clyde & Co.
Insurance specialist Keoghs LLP said Tuesday that it has snapped up four new partners from Clyde & Co. LLP to boost its legal services to clients from its offices in Scotland and Northern Ireland.
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September 02, 2025
Weil, Proskauer-Led Bain Capital To Buy UK Insurance Broker
Bain Capital has agreed to acquire British commercial insurance company Jensten Group from private equity firm Livingbridge, with the venture capital outfit saying that the insurer has "significant growth potential."
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September 01, 2025
Top Commercial Dispute Rulings Of 2025: Midyear Report
England's courts have dealt in the first half of 2025 with a multibillion-dollar legal dispute with insurers over planes stuck in Russia, slashed the exposure faced by banks over motor finance claims and set out how the proceeds from a landmark class action against Mastercard should be distributed.
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September 01, 2025
Utah Bank Sues Insurer For $10M Over Aircraft Engine 'Loss'
Bank of Utah has sued Russian insurance company AlfaStrakhovanie for up to $10 million over a jet engine allegedly stuck in Russia since the country's invasion of Ukraine in 2022.
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September 01, 2025
Insurers Urged To Address Gap In Europe's Net Zero Coverage
A trade body for European risk managers urged insurers on Monday to close gaps in coverage for technologies that are critical to the bloc's transition to net zero emissions.
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September 01, 2025
Pensions Body Calls For Safeguards On Gov't Surplus Plan
New laws that allow businesses to tap into an estimated £160 billion ($217 billion) in pension surpluses must have safeguards to protect members of savings plans, a trade body warned Monday.
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September 01, 2025
Clyde & Co. Expands To Netherlands With Merger
Clyde & Co. said Monday that it has opened for business in the Netherlands by merging with insurance specialist Stadermann Luiten Advocaten, a law firm based in Rotterdam.
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September 01, 2025
DLA Piper Steers £1M Philippine Bank Pension Buy-In
The pension plan of the U.K. arm of private lender Philippine National Bank has agreed a £1 million ($1.35 million) full-scheme buy-in with Just Group, the financial services company said Monday.
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September 01, 2025
Cyber-Insurance Seen As Big Growth Area For UK SMEs
Brokers in the U.K. see cyber-insurance as the product with the greatest potential for growth as large numbers of smaller businesses do not have cover against online threats, polling by a data and analytics company shows.
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September 01, 2025
Motor Insurance To Face Shake-Up From Driverless Cars
The personal motor insurance market could undergo a huge shakeup in the next 10 years if autonomous vehicles become commonplace in the U.K., analysts said Monday.
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August 29, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Prosecco DOC Consortium bring an intellectual property claim against a distributor, the Serious Fraud Office bring a civil recovery claim against the ex-wife of a solicitor jailed over a £19.5 million fraud scheme, and law firm Joseph Hage Aaronson & Bremen LLP sue its former client, the bankrupt Indian tycoon Vijay Mallya. Here, Law360 looks at these and other new claims in the U.K.
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August 29, 2025
Women's State Pension Redress Decision Gets Court Date
Campaigners fighting the government over its decision not to launch a compensation program for historic failings over the women's state pension said Friday that the High Court would hear its case in December.
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August 29, 2025
US Tariffs Spur Asset Allocation Review By UK Pension Funds
Volatility in markets caused by Donald Trump's Liberation Day tariffs has prompted U.K. pension funds to reassess their long-term U.S. equity allocations, a consultancy said Friday.
Expert Analysis
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Reinsurance Implications Of COVID-19 Biz Interruption Laws
In light of legislative and public pressure in the U.S. and U.K. on insurers to cover business interruption losses related to COVID-19, reinsurers will face new questions regarding their obligation to cover claim payments, say Robin Dusek at Saul Ewing and Susie Wakefield at Shoosmiths.
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UK Appellate Rulings Clarify Arbitral Choice Of Law
Two recent U.K. Court of Appeal decisions have changed the operation of the choice-of-law test for arbitration — a resolution as significant as changing the test itself because it affects the implied choices of the contracting parties, say attorneys at Squire Patton.
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Post-Pandemic Litigation To Expect In England And Wales
Globally, we are already starting to see insolvency-related claims and a number of insurance, breach of contract, employment and securities class actions across numerous sectors. These and other claims will likely increase for U.K. businesses, say Tracey Dovaston and Fiona Huntriss at Boies Schiller.
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UK Lawyers Can Adapt Due Diligence To Screen New Clients
As COVID-19-related fraud gains pace, U.K.-based practitioners should help combat money laundering by using alternative methods to verify that new clients are who they say they are, says Christopher Convey, a barrister at 33 Chancery Lane and chair of the Bar Council's Money Laundering Working Group.
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A UK Business View Of COVID-19's Economic Fallout
Covington attorneys Alex Leitch and Harry Denlegh-Maxwell provide a bird's-eye view of how U.K. businesses will navigate the legal and economic aftermath of the pandemic, including discussion of where litigation funding, class actions, insurance disputes and force majeure fit it.
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Remote Depositions Bring Ethics Considerations For Lawyers
Utilizing virtual litigation technologies and participating in remote depositions require attorneys to beware of inadvertently violating their ethical obligations, including the principal duty to provide competent representation, say attorneys at Troutman Sanders.
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Time For Presumptive Virtual Mediation In The UK
While the COVID-19 outbreak is a real-time test of the U.K. justice system’s adaptability and innovation, it is also an opportunity to deliver alternative dispute resolution through virtual technology — and there are two ways in which this could be achieved, says Suzanne Rab at Serle Court.
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UK 'Property' Classification Boosts Confidence In Bitcoin
In AA v. Persons Unknown, the English High Court classified bitcoins as property that can be the subject of proprietary injunctions, indicating the slow but growing acceptance of virtual currencies within the U.K., say Steven De Lara and Colin Grech at Signature Litigation.
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3 EU And UK Data Protection Tips During COVID-19
Though EU and U.K. data protection laws should not impede the fight against COVID-19, companies must continue to protect individuals' data, and the challenges of managing a remote workforce and the desire for information about the virus’s impact have significant implications for that responsibility, say attorneys at Debevoise.
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Novolex Case Brings Lessons On R&W Insurance
A New York state court dispute between Novolex and a few of its insurers concerning coverage under a representations and warranties policy for a $267 million loss offers a rare glimpse into how a court might interpret acquisition agreements and insurance policy provisions, say attorneys at Hunton.
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How Proposed EU Class Action Directive Could Affect Insurers
Insurers should beware the explosive potential of the EU's proposed directive providing for cross-border class actions and third-party funding for such actions, although it also bears strict requirements that will limit the number of cases, say Emmanuèle Lutfalla and Simon Fitzpatrick at Signature Litigation.
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COVID-19 Insurance Considerations For UK Cos.
Though a new U.K. regulation recently made it easier for businesses to claim losses related to COVID-19, potential points of contention when seeking insurance coverage include whether the government ordered the business to close and whether an outbreak occurred at the premises, say attorneys at Covington.
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UK Group Data Breach Claims Pose Big Financial Risks
Recent English court decisions appear to make it easier for data breach victims to bring collective actions, and consequently companies may find they are liable for huge sums in addition to fines under the General Data Protection Regulation, say attorneys at Morrison & Foerster.
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A Crucial Chance For UK Supreme Court To Clarify Arbitrator Bias
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.
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Rebuttal
Legal Industry Should Pursue AI Prediction Progress
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.