Try our Advanced Search for more refined results
Insurance UK
-
July 15, 2025
Insurers Warned Over Credit Risk From Adopting AI
Insurers that adopt artificial intelligence tools without properly managing their associated risks could face financial damage and harm to their reputations, a credit ratings agency warned on Tuesday.
-
July 15, 2025
UK To Ease Senior Manager Rules Amid Regulatory Overhaul
The government unveiled a raft of reforms to financial services regulation on Tuesday as it seeks to encourage investment in the economy, a package that includes streamlined rules for senior managers and easier capital requirements for lenders.
-
July 15, 2025
Gov't Confirms Plans For New UK 'Captive Insurance' Regime
The government said Tuesday that it plans to push ahead with new rules to support the development of a captive insurance industry in the U.K., a move designed to boost global competitiveness.
-
July 14, 2025
Insurance Co. Accuses Ex-CEO Of Siphoning £19M At Trial
An insurance company accused its former chief executive and a director at the start of a London trial on Monday of misappropriating millions of pounds by siphoning money from the business for his own financial benefit.
-
July 14, 2025
Audit Watchdog Proposes Changes To Digital Reporting Guide
The Financial Reporting Council on Monday revealed plans to update its taxonomy suite to reflect changed accounting rules and other regulatory requirements.
-
July 14, 2025
Howden Says Rival's Exodus Was Inevitable In Poaching Case
Howden has rejected claims that it plotted to damage rival Acquinex when it decimated its warranty and indemnity team by poaching 32 employees in its own underwriting division, telling a London court the employees would have left anyway.
-
July 14, 2025
Financial Standard-Setter Says Work Needed On Climate Risks
A global standards-setter said Monday there has been good progress on a number of areas it mapped out in 2021 to tackle climate-related financial risks, but that work still needs to be done.
-
July 14, 2025
HSBC Becomes Latest Bank To Quit Net Zero Finance Group
HSBC has become the latest bank to quit a global banking coalition focused on mitigating climate change in alignment with the Paris Agreement, following multiple recent departures by lenders.
-
July 14, 2025
Investment Association Urges Better Support For UK Retirees
The Investment Association has said Britain can do more to help its savers use their money more wisely once they retire, mapping out a string of proposals it said would support better outcomes in later life.
-
July 14, 2025
Gov't Reforms Needed To Unlock FCA's Targeted Support Plan
The financial watchdog's planned "targeted support" program for consumers requires government legislation or guidance to remove legal obstacles to direct marketing — and regulatory experts expect the first step to come at the Mansion House address by Chancellor Rachel Reeves late on Tuesday.
-
July 11, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen HS2 hit with a defamation claim by two ex-employees who blew the whistle on alleged under-reporting of costs, Craig Wright and nChain face legal action brought by its former chief financial officer over a fraud scheme, and pro-footballer Axel Tuanzebe bring a clinical negligence claim against his former club Manchester United F.C. Here, Law360 looks at these and other new claims in the U.K.
-
July 11, 2025
ESMA Warns Crypto Firms To Clarify Unregulated Products
The European Union's financial markets watchdog said Friday that regulated crypto-asset service providers must make it clear to consumers which of the products and services they offer are unregulated.
-
July 11, 2025
Lloyd's Trade Body Warns Of Risks After Houthi Ship Attacks
A Lloyd's of London trade body has urged caution to cargo companies and their insurers operating in the Red Sea after two deadly attacks by Houthis on shipping vessels this week.
-
July 11, 2025
Irish Gov't Abandons Plans To Raise Personal Injury Awards
The Irish government has confirmed it will not be going ahead with a controversial proposal to raise personal injury awards standards by 16.7%, lawmakers have said.
-
July 11, 2025
Ex-Insurance CEO's Wife Can't Ax £15M Asset Freeze
A London appeals court upheld a £15 million ($20.3 million) asset freeze on Friday against the wife of a former insurance company executive who is accused of cashing in on money her husband siphoned off from the business.
-
July 11, 2025
Staley Tribunal Decision Could Fuel Challenges To FCA Fines
A landmark tribunal ruling that upheld the Financial Conduct Authority's ban of ex-Barclays CEO James "Jes" Staley from banking — but slashed his fine — could ultimately lead other executives with back-loaded pay packages to fight the watchdog's decisions, lawyers say.
-
July 11, 2025
Insurers Brace For Disputes When US Tariff Pause Ends
The global economy is braced for further trade volatility in the coming months as a temporary pause on U.S. punitive tariffs on countries that have not struck trade deals expires on Aug. 1, with many experts predicting an increase in insurance disputes.
-
July 10, 2025
Addleshaw Guides European Acquisition Of UK Pet Insurer
European pet health insurance company Santévet Group has acquired a majority stake in U.K.-based animal insurer Tedaisy Insurance Group, in a deal announced by advisers Addleshaw Goddard on Thursday.
-
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.
Expert Analysis
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Rebuttal
AI Can't Accurately Predict Case Length And Cost — Yet
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
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
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
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
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
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.