Insurance UK

  • July 21, 2025

    Investors Poised To Buy Risky Funds Amid Gov't ISA Reforms

    Most investors are ready to invest in hard-to-sell assets including private equity through long-term asset funds after the government said they will be included in tax-free individual savings accounts from 2026, a trade body said Monday.

  • July 21, 2025

    Audit Watchdog Publishes Revised Pension Standard Rules

    Britain's accounting watchdog has published a finalized set of actuarial rules for the retirement savings sector in light of recently introduced changes to pension funding and plans to use surplus money tied up in savings schemes.

  • July 21, 2025

    Gov't Revives Pensions Commission To Tackle Savings Crisis

    The government said on Monday that it will restore the Tony Blair-era Pensions Commission to probe why future retirees are likely to be poorer than today's pensioners, amid growing fears that millions of Britons will not have saved enough money for later life.

  • July 18, 2025

    Pensions Watchdog Hits Master Trust, Trustee With Fines

    Britain's retirement savings watchdog said on Friday that it has fined pension master trust Now: Pensions Ltd. and its trustee £100,000 ($134,500) in total for failing to notify the regulator of communication system failures.

  • July 18, 2025

    FCA Shrugs Off Commissioner's Criticisms Of Ignoring Tip-Off

    The City watchdog has hit back at criticisms by the Financial Regulators Complaints Commissioner concerning how it treats tipoffs about unregulated firms.

  • July 18, 2025

    Engineer Sues Broker For Negligence Over PI Policy Notice

    A building services engineer has accused its broker of negligence for allegedly failing to notify one of its insurers about a row in which it was involved over a generator system that it said could leave it "liable for substantial sums."

  • July 18, 2025

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen the former owner of British oil refinery Prax Group sued following the collapse of his business empire, a unit of Shard Credit Partners target a married couple believed to have inflated the value of their companies before selling them, and Aerofoil Energy reignite patent action against AFE Group over the design of its F1-inspired cooling units.

  • July 18, 2025

    US Insurer Coverys Sells Italian Underwriter AEC

    U.S. insurer Coverys said on Friday that it has agreed to sell its Italian underwriting business AEC to Edge Group, an insurance broking platform.

  • July 18, 2025

    Insurer Denies Changing Life Policy To Cut Illness Cover

    Countrywide Assured has said two of its clients chose a policy without advice that did not provide cover for critical illness, arguing that it doesn't owe one of them £250,000 ($336,000) over claims that he was left short after a serious heart attack.

  • July 17, 2025

    UK Risk Report Flags Persistent Money Laundering Threat

    Money laundering risk for British firms remains high as criminal cash is being generated at over £12 billion ($16.1 billion) a year, with financial and legal services deemed particularly vulnerable, according to the government's National Risk Assessment 2025 released Thursday.

  • July 17, 2025

    UK Landlords Face Group Claim Over 'Hidden' Insurance Fees

    A campaign group for apartment owners said Thursday that it has sent letters to some of the U.K.'s largest landowners warning them of possible litigation over allegedly secret commissions from insurance premiums.

  • July 17, 2025

    UK Audit Watchdog Plans Scaled Rules For Small Businesses

    Britain's audit watchdog on Thursday proposed amended guidance for companies auditing smaller businesses amid concerns that industry standards do not reflect the needs of firms with less complex requirements.

  • July 17, 2025

    Lords Vote To Create Duty To Probe Whistleblowers' Concerns

    Employers would be obliged to investigate concerns raised by whistleblowers under an amendment to the Employment Rights Bill put forward by the House of Lords.

  • July 17, 2025

    Pensions Experts Call For 'Urgent' Adequacy Review

    The government must urgently press ahead with its review into the adequacy of pensions savings in Britian amid growing concern about the state of retirement prospects in the U.K., a research body has warned.

  • July 17, 2025

    Insurers Put £10.9B Into 'Productive Assets' Last Year

    Insurers have invested £10.9 billion ($14.6 billion) in U.K. growth assets since the government loosened capital adequacy rules for the sector, a trade body has said.

  • July 17, 2025

    Gov't Set To Publish Reports On UK Pensions Saving Levels

    The government will release detailed reports on Monday that experts believe could be a springboard for its long-awaited review of the state of the country's pensions adequacy.

  • July 16, 2025

    Trade Body Says UK Gov't 'Missed Opportunity' On Pensions

    The government has missed an opportunity to launch a long-awaited overhaul of the U.K.'s pension savings system, a trade body said, as the country edges closer to a retirement savings crisis.

  • July 16, 2025

    Watchdog Warns Of Continued Quality Gap Among Auditors

    Britain's accounting watchdog has said that audit quality continues to improve in the U.K., although it raised concerns about the widening quality gap between the biggest companies and their rivals.

  • July 16, 2025

    UK Gov't 'Confident' Mandated Pension Investment Unneeded

    Chancellor Rachel Reeves has said she is confident that the government will not need to mandate pension funds to invest in U.K. assets, amid fears that new legislation would require retirement savings plans to do so.

  • July 16, 2025

    Senior Managers Regime Revamp Risks Letting In Bad Apples

    The City watchdog's planned overhaul of its senior managers regime risks allowing people with records of misconduct to slip into financial firms because of the relaxation of rules on references and criminal checks, according to lawyers.

  • July 16, 2025

    Aon To Open UK Captive Insurance Unit Amid Regulatory Shift

    Professional services giant Aon PLC said it is launching a U.K. business to manage captive insurance companies on behalf of British corporates after the government said it was forging ahead with new regulation to support the sector.

  • July 15, 2025

    Insurers Keen On UK Captive Regime But Fear 'Gold-Plating'

    The government has proposed new rules that it hopes will transform the U.K. into a global hub for captive insurance — but experts say that with formal regulation still to come they fear that "the devil will be in the detail."

  • July 15, 2025

    UK's Large Employers Pledge To Prioritize Pension Outcomes

    More than 20 of Britain's largest employers, including Goldman Sachs and Tesco, have committed to prioritizing retirement outcomes for their workers when they choose pension providers rather than focusing on reducing costs, the City of London Corp. has said.

  • July 15, 2025

    Broker Beats Ex-Employee's Claim She Was Forced To Quit

    An employment tribunal has ruled that an insurance broker didn't force an executive assistant to resign by adding more responsibilities to her role after a part-time colleague left.

  • July 15, 2025

    CMS, Burges Salmon, Sackers Aid £800M Honda Pension Deal

    Legal & General has completed an approximately £800 million ($1.07 billion) buy-in transaction to acquire the pensions of more than 4,700 members of the Honda Group UK Pension Scheme in a deal guided by CMS, Burges Salmon LLP and Sackers.

Expert Analysis

  • Interpreting Newly Released Consumer Fraud Complaints Data

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    The Financial Ombudsman Service’s latest complaint data focuses on scams and customer service, and demonstrates that as fraud is becoming rapidly more complex, financial regulators need to acknowledge that technology is here to stay and work together with firms to protect consumers, say lawyers at RPC.

  • Anticipating The UK's Top M&A Trends In 2025

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    Conversations with market participants are focusing on five key questions about 2025's transactional markets, ranging from issues of artificial intelligence, to the boom in takeovers and increased regulatory scrutiny, says Layla D’Monte at King & Spalding.

  • Hawaii Climate Insurance Case Is Good News For Energy Cos.

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    The Hawaii Supreme Court's recent ruling in a dispute between an oil company and its insurers, holding that reckless conduct in the context of activities that can cause climate harms is covered by liability policies, will likely be viewed by energy companies as a positive development, say attorneys at Fenchurch Law.

  • The EU AI Act's Impact On Global Financial Regulation

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    The European Union’s new Artificial Intelligence Act, representing lawmakers’ first comprehensive attempt to regulate AI and giving special attention to the financial services sector, hopes to influence global legal and regulatory frameworks to maintain access to the EU market, say lawyers at Goodwin.

  • FCA Survey Results Reveal Rise In Nonfinancial Misconduct

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    After a Financial Conduct Authority survey recently reported a significant rise in nonfinancial misconduct, there are a number of preventive steps firms should take to create a healthy workplace environment and mitigate the risk of increased regulatory scrutiny, say lawyers at WilmerHale.

  • FCA's Broad Proposals Aim To Protect Customer Funds

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    The Financial Conduct Authority’s proposed changes to payments firms’ safeguarding requirements, with enhanced recordkeeping and fund segregation, seek to bolster existing regulatory provisions, but by introducing a statutory trust concept to cover customers’ assets, represent a set of onerous rules, says Matt Hancock at Greenberg Traurig.

  • Modernizing UK Trade Settlement Standard: The Road Ahead

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    Andrew Tsang and Tom Bacon at BCLP consider the rationale and challenges of a potential U.K. trade settlement acceleration, part of an initiative to modernize the financial market infrastructure, and suggest that incorporating distributed ledger technology as a synchronized recording system would facilitate the move.

  • A Look At UK, EU And US Cartel Enforcement Trends

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    The European Union, U.K. and U.S. competition agencies' recently issued joint statement on competition risks in generative artificial intelligence demonstrates increased cross-border collaboration on cartel investigations, meaning companies facing investigations in one jurisdiction should anticipate related investigations in other jurisdictions, say lawyers at Latham & Watkins.

  • What Green Claims Directive Proposal Means For Businesses

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    With the European Union’s recent adoption of a general approach to the proposed Green Claims Directive, which will regulate certain environmental claims and likely be finalized next year, companies keen to publicize their green credentials have even more reason to tread carefully, say Marcus Navin-Jones and Juge Gregg at Crowell & Moring.

  • EU Reports Signal Greenwashing Focus For Financial Sector

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    Reports from the European Supervisory Authorities on enforcement of sustainability information, plus related guidance issued by the European Securities and Markets Authority, represent a fundamental change in how businesses must operate to maintain integrity and public trust, say Amilcare Sada and Matteo Fanton at A&O Shearman.

  • Embedding Consumer Duty: 6 Areas Firms Should Prioritize

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    The Financial Conduct Authority has repeatedly emphasized that complying with the Consumer Duty is not a tick-box exercise but an ongoing responsibility, so firms need to show that the duty is at the heart of their practices by staying compliant in areas from cultural change to customer vulnerability, say Nicola Higgs and Becky Critchley at Latham.

  • Insuring Lender's Baseball Bet Leads To Major League Dispute

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    In RockFence v. Lloyd's, a California federal court seeks to define who qualifies as a professional baseball player for purposes of an insurance coverage payout, providing an illuminating case study of potential legal issues arising from baseball service loans, say Marshall Gilinsky and Seán McCabe at Anderson Kill.

  • What Steps Businesses Can Take After CrowdStrike Failure

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    Following last month’s global Microsoft platform outage caused by CrowdStrike’s failed security software update, businesses can expect complex disputes over liability resulting from multilayered agreements and should look to their various insurance policies for cover despite losses not stemming from a cyberattack, says Daniel Healy at Brown Rudnick.

  • What To Expect From Labour's Pension Schemes Bill

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    The Labour government’s recently announced Pension Schemes Bill, outlining key policy areas affecting the retirement savings sector, represents a positive step forward for both defined contribution scheme members and defined benefit superfunds, but there are some missing features, says Sonya Fraser at Arc Pensions.

  • What EU Opinion May Mean For ESG Product Classification

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    The recently issued European Supervisory Authority opinion on the Sustainable Finance Disclosures Regulation offers key recommendations, including revising the definition of sustainable investments and making principal adverse impacts consideration mandatory, that could sway the European Commission’s final approach to product classification, say lawyers at Debevoise.

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