Insurance UK

  • July 09, 2026

    More Firms Sign FRC Investor Code Amid Regime Switch

    Britain's accounting watchdog said Thursday that 191 organizations meet the conditions to be signed up to its revised UK Stewardship Code, announcing that 290 businesses are now signatories to the framework.

  • July 09, 2026

    Pensions Biz Nest Eyes £1B VC Investment For UK Savers

    Workplace pension scheme Nest plans to invest up to £1 billion ($1.3 billion) in growing private companies via a dedicated venture capital portfolio managed by Schroders Capital, to boost long-term returns and increase backing for British startups.

  • July 09, 2026

    Pensions Dashboard Program 'On Track' For Oct. Deadline

    Around 85% of personal, workplace and state pension records are now connected to the retirement savings dashboard system, the government has said, highlighting that the delayed program is on track to meet its Oct. 31 deadline. 

  • July 09, 2026

    Insurance M&A Activity 'Hits Lowest 1st-Half Level Since 2017'

    Economic uncertainty and a shortage of willing sellers have driven merger and acquisition activity in the U.K. insurance distribution sector to its weakest first-half level in nearly a decade, according to a consultancy.

  • July 08, 2026

    Calif. Judge Won't Reopen Asbestos Suit Against Reinsurers

    A California federal judge has declined to reopen an asbestos suit by an insurance exchange for the trucking industry against a group of reinsurers as the parties battle whether to remove a supposedly "side-switching" arbitrator, saying the arbitration is proceeding in New York.

  • July 08, 2026

    BAT Hit With 2nd Investor Claim Over North Korea Disclosures

    British American Tobacco PLC faces a second group claim in London this year after more than 100 shareholders alleged it had failed to disclose information about its North Korean activities, which ultimately led to the company paying hundreds of millions in penalties.

  • July 08, 2026

    Aviva, Axis Launch Lloyd's Outfit For Clean Energy Projects

    Insurance giant Aviva said Wednesday it has launched a new Lloyd's of London consortium with Axis to support renewable energy projects, in what the companies called the first agreement between specialist insurers to focus on onshore clean energy.

  • July 08, 2026

    Gov't Vows To Claw Back Bill For Capita Pensions Fix

    The government said Wednesday it will pursue service provider Capita for reimbursement on a taxpayer-funded fix for the ongoing Civil Service Pensions Scheme debacle.

  • July 08, 2026

    Pensions Body Floats Reforms To Boost Retirement Saving

    ​The U.K. government must reform workplace pensions as the current system still cannot provide adequate retirement incomes for many workers, a trade body warned on Wednesday.

  • July 08, 2026

    Aviva Completes £350M Share Buyback Program

    Insurance giant Aviva said Wednesday it has successfully completed its £350 million ($468 million) stock repurchase plan, which is expected to lower the company's share capital.

  • July 08, 2026

    AI Adoption Not Yet Uniform In Corporate Reporting, FRC Says

    The audit watchdog said Wednesday that the use of artificial intelligence tools in corporate reporting is still cautious and uneven across the market, despite many businesses considering adopting the technology over the coming year.

  • July 08, 2026

    FCA Investigating 11 Potential Consumer Duty Breaches

    The Financial Conduct Authority said Wednesday in its latest enforcement watch newsletter that it is conducting 11 investigations into potential breaches of the Consumer Duty.

  • July 07, 2026

    Lloyd's Can't Overturn $3.7M Ruling Over Forged Ship Policy

    Lloyd's of London's Belgium-based subsidiary has lost a bid to overturn a decision ordering it to pay $3.7 million to a ship financier to cover losses after a cargo ship struck a mine in Ukrainian waters, with a London appeals court ruling that a forged insurance policy did not sink the lender's claim. 

  • July 07, 2026

    EU Watchdogs Warn New AI Models Fuel Financial Cyber Risk

    European financial authorities warned Tuesday that the latest generation of artificial intelligence poses "a paradigm shift for cybersecurity" as the technology could enable bad actors to launch faster, cheaper and more sophisticated attacks on the financial market.

  • July 07, 2026

    Firms To Boost Cybersecurity After AI Attacks Cost UK £15B

    Dozens of major companies pledged on Tuesday to strengthen their cyberdefenses amid a surge in AI-enabled attacks by foreign states and criminal groups that cost the U.K. economy an estimated £14.7 billion ($19.7 billion) annually.

  • July 07, 2026

    HMRC Admits New State Pension Tax Errors Over 4 Years

    The government has said it accidentally overtaxed millions of Britons for their state pension income over four years, but that the tax ministry is working to ensure the error will not be repeated.

  • July 07, 2026

    Lloyd's, Berkshire Fight $3M Claim Over Ship Stuck In Ukraine

    The owners of a ship stranded in a Ukrainian port told a London court Tuesday that their war-risk insurers, including Lloyd's and Berkshire Hathaway, are liable for approximately $3.4 million in maintenance and replacement insurance costs after Russia's invasion trapped the vessel in a war zone.

  • July 07, 2026

    Underwriter ANV Completes Deal For Lloyd's Broker

    Underwriter ANV Group Holdings Ltd. has said it completed its acquisition of Lloyd's of London intermediary Iris Insurance Brokers Ltd., as it plots further U.K. expansion.

  • July 07, 2026

    Capita Apologizes For Civil Service Pension Failures

    Capita PLC said Tuesday that its handling of the Civil Service Pension Scheme was "not good enough" after the government withheld £9.9 million ($13.2 million) in payments under its contract to administer the program, citing missed performance targets and service failures.

  • July 07, 2026

    UK Maritime Insurer TT Club Warns Of 'Super' El Niño Risks

    A transport and logistics insurer warned on Tuesday that a forecasted "super" El Niño poses a systemic risk to global supply chains because of its potential to drive up temperatures around the world.

  • July 06, 2026

    UK Lifeboat Fund Paid Out £267M In Compensation In 2025

    Britain's financial services lifeboat fund has said it paid out £267 million ($365.7 million) in compensation to more than 14,000 customers affected by companies failing in the last financial year.

  • July 06, 2026

    FCA Sets Out Plan To Tackle AI Risks In Financial Sector

    The Financial Conduct Authority said in a review on Monday that artificial intelligence will transform services in the sector for consumers, proposing a seven-step framework to determine how it intends to regulate the technology.

  • July 06, 2026

    Climate Group Sues UK Council Over Pension Fund Valuation

    A campaign group has launched a legal challenge against a London council and its actuary over whether it failed to account for the financial risk from climate change in its pension fund valuation.

  • July 06, 2026

    Pensions Watchdog Urges Industry Input On Scam Rules

    Britain's retirement savings watchdog has called on the pensions industry to engage with the government's consultation on new rules designed to stop workers from transferring long-term savings to bogus plans.

  • July 06, 2026

    Most Pension Industry Pros Back Local Gov't Investment Plan

    More than half of pension professionals support the government's plans to spur the £400 billion ($534 billion) local government pension system to invest in local economies — provided it doesn't affect the performance of funds, a trade body has found.

Expert Analysis

  • UK Appellate Rulings Clarify Arbitral Choice Of Law

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    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.

  • Post-Pandemic Litigation To Expect In England And Wales

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    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.

  • UK Lawyers Can Adapt Due Diligence To Screen New Clients

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    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.

  • A UK Business View Of COVID-19's Economic Fallout

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    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.

  • Remote Depositions Bring Ethics Considerations For Lawyers

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    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.

  • Time For Presumptive Virtual Mediation In The UK

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    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

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    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

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    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

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    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

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    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.

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    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

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    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

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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.

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