Insurance UK

  • March 20, 2025

    Gallagher Hits Back At Former CEO's £1.5M Claim For Losses

    Arthur J. Gallagher & Co.'s benefits and consulting arm denies that it owes a former chief executive of a company it acquired £1.55 million ($2 million) on his claim that it failed to manage the business correctly, as legal wrangling over the acquisition continues.

  • March 20, 2025

    Audit Watchdog Pledges Support For Gov't Growth Priority

    The audit watchdog said Thursday it will adjust priorities to support U.K. economic growth better in its new three-year strategy, in line with government priorities.

  • March 20, 2025

    Gowling, Sackers Steer £785M Pension Deal For Crops Biz

    An agricultural giant has offloaded £785 million ($1 billion) of its pension liabilities to Legal & General Assurance Society Ltd., the insurer said Thursday, in a deal guided by Gowling WLG, Sacker & Partners LLP and Clifford Chance LLP.

  • March 20, 2025

    Firms Still See Pension Schemes As Risk, Despite Surplus

    Most company bosses see their pension scheme as a financial risk, despite planned reform that will allow excess funding to be reinvested in the business, a professional services firm warned.

  • March 20, 2025

    MPs Urged To Block FCA Email Deletion Policy

    Lawmakers should prevent the Financial Conduct Authority from going ahead with its "draconian and opaque" policy to delete staff emails after a year, consumer groups and advocates said Thursday.

  • March 20, 2025

    Gov't Growth Priority Forces FCA To Reassess Consumer Risk

    Moves by the U.K. government to force the financial watchdog to back economic growth with more relaxed regulatory controls could expose consumers to harm, leaving regulators with no clear idea of what risk levels would be politically tolerable.

  • March 19, 2025

    Group Status Prohibits VAT, Prudential Tells UK Top Court

    Prudential disputed a value-added tax claim on £9.3 million ($12.1 million) in performance fees at the U.K. Supreme Court on Wednesday on the grounds that the business providing the services was a part of the same group as Prudential for tax purposes. 

  • March 19, 2025

    Freshfields Guides €3.5B Sale Of Life Insurer Viridium

    A consortium that includes German insurer Allianz said Wednesday that it would buy a controlling stake in European life insurance consolidator Viridium Group from Cinven Group Ltd, a private equity firm, for €3.5 billion ($3.8 billion).

  • March 19, 2025

    UK Regulator OKs Aegon Unit's First Long-Term Asset Fund

    Aegon Asset Management said Wednesday that the Financial Conduct Authority had greenlighted its plan to launch its open-ended fund vehicle to offer investors regulated access to illiquid assets.

  • March 19, 2025

    Pressure Grows On State Pension As Life Expectancy Rises

    Life expectancy for the U.K. grew for the first time since the COVID-19 pandemic between 2021 and 2023, according to official data, suggesting further strain on taxpayers footing expected state pension cost increases.

  • March 19, 2025

    Swiss Bank Accused Of Ignoring $1B Kuwaiti Bribery Scheme

    A Swiss bank turned a blind eye to a scheme of corrupt payments orchestrated by the former director of Kuwait's pensions authority by failing to make reasonable inquiries into suspicious accounts, lawyers for the body told a court on Wednesday.

  • March 19, 2025

    FCA Urged To Act As Insurance Finance Rates Still High

    The Financial Conduct Authority must be prepared to take tough action against insurers on premium finance, a consumer group warned, as it revealed that interest charged on monthly repayments was still above 30% despite repeated warnings from the regulator.

  • March 19, 2025

    European Insurance M&A Deals Hit Record 20% In 2024

    The number of deals involving European insurance businesses rose by 20% in 2024, largely driven by an increase in consolidation among brokers and service providers, a consultancy said Wednesday.

  • March 18, 2025

    Minister Defends Rejection Of Pension Redress For Women

    The U.K. government did not ignore a parliamentary report that condemned historic state failures to inform women their state pension age had changed, but came to a "different conclusion" in a "rare, but not unprecedented" move, the pensions minister said Monday.

  • March 18, 2025

    Watchdog Probes MHA's Audit Of Failed UK Builder ISG

    The accounting watchdog said Tuesday that it has launched an enforcement investigation into accountancy firm MacIntyre Hudson LLP over its audit of failed construction services company ISG Ltd.

  • March 18, 2025

    Gowling-Led Church Of Scotland Seals £75M Pension Buy-In

    The Church of Scotland offloaded £75 million ($97.3 million) of its pension scheme liabilities to London-listed Just Group PLC, the insurer said Tuesday, in a deal guided by Gowling WLG and Burness Paull LLP.

  • March 18, 2025

    Treasury Meets Fintech Bosses On Growth, Scrapping Rules

    Chancellor Rachel Reeves met bosses of financial technology companies on Tuesday to discuss growth opportunities and new legislation to scrap unnecessary rules and boost capital markets, according to HM Treasury.

  • March 18, 2025

    Aspen Says Frost Damage Excludes Pellet Maker's £4M Claim

    Aspen Insurance UK has argued it was right to deny a £4.2 million ($5.6 million) claim by a wood pellet manufacturer seeking to cover losses sustained after damage to its production equipment because the cause of the damage was excluded from the policy.

  • March 17, 2025

    Insurers Fight For Arbitration In La. Hurricane Damage Dispute

    A group of insurers is urging the Fifth Circuit to send its dispute with a Louisiana municipality over coverage for property damage caused by a pair of Category 4 hurricanes to arbitration, despite an opposing ruling last fall by the state's top court.

  • March 17, 2025

    9 In 10 Providers Using AI, Pensions Body Says

    Almost 90% of organizations in the pensions sector already use artificial intelligence at work, according to a survey published Monday by the Society of Pension Professionals.

  • March 17, 2025

    Kuwait Pension Fund Says Director Ran $1B Bribery Scheme

    The former director of Kuwait's pensions authority orchestrated a two-decade-long "unlawful scheme of corrupt payments" in excess of $1 billion, lawyers for the authority said at the opening of a bribery trial in London on Monday.

  • March 17, 2025

    Government Wants Pension Watchdog To Cut Red Tape

    The government said Monday it wants the U.K.'s pension watchdog to cut red tape, in a bid to strip back regulatory burdens it sees as inhibiting growth.

  • March 17, 2025

    UK To Launch Measures To Speed Up Firms' Approval Process

    The U.K. government will introduce measures for the Financial Conduct Authority to speed up support for early-stage businesses as part of a broader set of reforms to reduce regulatory impediments to economic growth.

  • March 17, 2025

    EU Insurers To See Boost From Increased Defense Spending

    European insurers are set to benefit from rising government bond yields linked to increased borrowing to fund defense spending, Fitch Ratings has said.

  • March 14, 2025

    Aon Can Sue Howden In Staff Poaching Case In England

    Aon UK Ltd can pursue its claim against Howden Group Holdings Ltd related to alleged staff poaching from Aon's Brazilian insurance business, after a ruling Friday that English courts have jurisdiction.

Expert Analysis

  • What Cos. Should Know About The EU Greenwashing Rules

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    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.

  • The Art Of Corporate Apologies: Crafting An Effective Strategy

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    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.

  • Dissecting Recent Developments Against The Misuse Of NDAs

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    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.

  • What To Know About The Russia-Stranded Plane Ruling

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    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.

  • 3 Notable Pensions Reforms In Spring Budget

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    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.

  • UK Arbitration Ruling Offers Tips On Quelling Bias Concerns

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    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.

  • Bias Ruling Offers Guidance On Disqualifying Arbitrators

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    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.

  • Insurance Policy Takeaways From UK Lockdown Loss Ruling

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    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.

  • What COVID Payout Ruling Means For Lockdown Loss Claims

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    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.

  • Spartan Arbitration Tactics Against Well-Funded Opponents

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    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.

  • Top Court Hire Car Ruling Affects 3rd-Party Negligence Cases

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    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.

  • Unpacking The Building Safety Act's Industry Overhaul

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    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.

  • A Rare Look At Judicial Interpretation Of LEG Exclusions

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    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.

  • Ruling In FCA Case Offers Tips On Flexible Work Requests

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    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.

  • Breaking Down The New UK Pension Funding Regs

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    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.

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