Insurance UK

  • June 18, 2025

    Insurer Cowbell Appoints Director Amid Cyber-Market Surge

    U.S. cyber-insurance company Cowbell has appointed Kirsten Maley for the new job of director of claims in Britain, noting increased online attacks against companies and a rising demand for robust measures.

  • June 17, 2025

    Gov't Urged To Fix Civil Service Pension Failures

    The government has not effectively held to account the administrator of the £189 billion ($255 billion) Civil Service pension plan for failing to meet historic performance targets, Britain's public spending watchdog has said, urging policymakers to learn from the failures.

  • June 17, 2025

    EU Agrees Rules To Firm Up Cross-Border GDPR Enforcement

    European Union co-legislators have agreed new legislation to improve cooperation between national authorities when they enforce data protection rules across borders.

  • June 17, 2025

    EU Insurers Fail In 'Mystery Shopper' Exercise

    The European Union's insurance watchdog warned Tuesday that its first mystery shopping exercise across the bloc showed distributors of insurance-based investment products needed to provide better results for consumers.

  • June 17, 2025

    CMS Guides 'Landmark' £55M Pension Superfund Deal

    Britain's only defined benefit superfund said Tuesday that it has taken on £55 million ($75 million) in assets from a plan sponsored by a Christian missionary society, in a deal steered by CMS Cameron McKenna Nabarro Olswang LLP.

  • June 17, 2025

    Aviva Gets Green Light For £3.7B Direct Line Acquisition

    Aviva said Tuesday that it has passed all the regulatory hurdles for its £3.7 billion ($5 billion) cash and stock acquisition of rival insurer Direct Line, bringing it one step closer to creating a motor and home insurance giant in Britain.

  • June 17, 2025

    Birketts Steers BP Marsh Investment In Underwriting Agency

    B.P. Marsh & Partners PLC said Tuesday it has acquired a 27% interest in underwriter Cameron Specialty, as the private equity investor adds to its portfolio of insurance intermediaries.

  • June 16, 2025

    Pension Bill Could Unlock £600B Market For Superfunds

    Reforms floated by the government to the U.K.'s nascent superfund regime could widen access to the new type of consolidation vehicle to around half of all defined benefit schemes, representing around £600 billion ($816 billion) of assets, a consultancy said Monday.

  • June 16, 2025

    Just Group Secures £7M Pension Deal For Insolvent Builder

    Just Group PLC said Monday that it has taken on £7 million ($9.5 million) of pension scheme liabilities of insolvent construction company The McGregor Construction (Highlands) Ltd. Pension Plan in a deal guided by CMS.

  • June 16, 2025

    Credit Suisse Life Fights $607M Liability To Ex-Georgian PM

    The Bermudan life insurance arm of Credit Suisse challenged court findings Monday that it owes $607 million in damages to the former prime minister of Georgia, saying his losses were due to fraudulent activity by an employee of its banking arm.

  • June 16, 2025

    Hymans Robertson Launches Service For Small Pension Deals

    Hymans Robertson has launched a service it said would support smaller pension schemes with around £150 million ($204 million) or less in assets as they look to offload their liabilities to insurers.

  • June 16, 2025

    Air India Crash Likely To Cost Insurers $200M

    The insurance market could see a $200 million loss from the crash of Air India flight AI171, a data analytics firm said Monday, contributing to a hardening in the commercial aviation market.

  • June 16, 2025

    Asset Manager Tikehau, Insurers Launch Private Equity Fund

    Asset manager Tikehau Capital said Monday it has launched a private equity fund, covering cybersecurity and defense, with three leading insurers, including Société Générale Assurances.

  • June 16, 2025

    Marsh Launches €1B Insurance Facility For Data Centers

    Insurance giant Marsh McLennan said Monday that it has launched a €1 billion ($1.16 billion) facility to support the construction of data centers across the U.K. and Europe, as governments hope to harness artificial intelligence for economic growth.

  • June 16, 2025

    DWF's Knowles Steps Down After Driving 60% Revenue Jump

    DWF LLP said Monday that Nigel Knowles will retire as its chief executive at the start of August, ending a five-year tenure as the firm prepares to enter a new phase of growth under fresh leadership.

  • June 13, 2025

    EU Guides Watchdogs On Digital Outsourcing Upsurge

    The European Union's financial markets regulator has released guidance for national watchdogs on how to regulate firms' expanding outsourcing of activities, driven by digitalization.

  • June 13, 2025

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

    This past week in London has seen Tottenham Hotspur FC kick off against Manchester United co-owner Ineos Automotive following a soured sponsorship deal, Acer and Nokia clash over patents for video coding technology, and two investors reignite litigation against the founders of an AI exercise bike business that unlawfully pocketed $1.2 million in investments to fund their own lifestyles. Here, Law360 looks at these and other new claims in the U.K.

  • June 13, 2025

    Norton Rose Steers Insurance Biz Samsung On Acquisition

    Samsung Fire & Marine Insurance has agreed to snap up a further 21% holding in Canopius Group Ltd., raising its stake in the global reinsurer to 40%.

  • June 13, 2025

    FCA Sees 'More To Do' In Reshaping Regulation For Growth

    The Financial Conduct Authority responded Friday to parliamentary calls for more growth-oriented regulation, saying that it is exploring new ways to boost Britain's international competitiveness on top of the steps it has already taken.

  • June 13, 2025

    Watchdog Says Pensions Regulation Is 'Unfinished Business'

    The U.K. government's planned reforms to retirement savings plans is the biggest shakeup to the sector in more than a decade, the boss of The Pensions Regulator has said.

  • June 12, 2025

    Lords Urges Regulators To Shed Risk-Aversion, Boost Growth

    A cross-party House of Lords committee called Friday on the U.K.'s financial services watchdogs to change their culture of risk-aversion which is preventing them from promoting growth in the economy.

  • June 12, 2025

    TATA AIG Leads Insurance Cover For Air India Crash

    TATA AIG General Insurance Co. Ltd. is the lead insurer for hull and liability on the Air India flight that crashed just after take off in Ahmedabad, India on Thursday, according to two sources with direct knowledge of the situation.

  • June 12, 2025

    Markel Unveils Insurance Product To Tackle Cyber Threats

    Markel Insurance has launched a product it said would help insurance technology companies navigate the "complex landscape" of cyber threats, crime and financial liabilities.

  • June 12, 2025

    Lost Russian Jets Ruling Has Global Implications For Insurers

    A London court ruling that major insurers must compensate aircraft lessors for planes seized by Russia will provide useful support for companies seeking repayments for assets stranded in conflict zones with little probability of their return.

  • June 12, 2025

    Broadstone Buys ExactVAL To Boost Pension Transactions

    Retirement consultancy Broadstone said Thursday it has bought actuarial service provider ExactVAL to support insurers in carrying out pension transactions.

Expert Analysis

  • Rebuttal

    2nd Circ. Reinsurance Ruling Correctly Applied English Law

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    Contrary to a recent Law360 guest article's argument, the Second Circuit correctly applied English law when it decided in Insurance Company of the State of Pennsylvania v. Equitas that concurrent reinsurance certificates required the reinsurer to cover loss in accordance with the law of the policy's governing jurisdiction, say Peter Chaffetz and Andrew Poplinger at Chaffetz Lindsey.

  • Reserved Investor Fund Would Plug Gap In UK Finance Market

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    The reserved investor fund recently proposed by HM Treasury has the potential to be a welcome tax-efficient addition to the U.K.’s canon of products for real estate investments, with attractive features for companies and, in particular, large asset managers, say lawyers at Herbert Smith.

  • What Firms Need To Know About The FCA Consumer Duty

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    The Financial Conduct Authority's new consumer duty, in force from July 31, presents an opportunity for manufacturers and distributors of financial services to understand the importance of fair value for consumers, and the regulator will be taking a close interest in this, say Julie Patient, Mark Aengenheister and Virginia Montgomery at Hogan Lovells.

  • Greenwashing Suits May Implicate D&O Policies

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    As consumers, regulators, and state and local governments seek to use litigation to hold companies responsible for alleged greenwashing, businesses facing such claims have a number of approaches available for seeking insurance coverage under directors and officers policies, say attorneys at Haynes Boone.

  • 2nd Circ. Reinsurance Ruling Misconstrues English Law

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    The Second Circuit's finding in Insurance Company of the State of Pennsylvania v. Equitas Insurance, that London-based reinsurer Equitas owed coverage for losses outside the policy period, stems from that court's misinterpretation of English law on reinsurance policy construction, says Christopher Foster at Holman Fenwick.

  • 4 Emerging Risks For US Insurance Markets

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    Both insureds and insurers in the U.S. must be aware of significant inbound exposures — including the issues arising from opioids, climate change and artificial intelligence — that could lead to continued volatility in insurance markets, say Aidan McCormack and Wes Reichart at DLA Piper.

  • How The New UK Digital Markets Bill Will Affect CMA's Powers

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    The highly anticipated U.K. Digital Markets, Competition and Consumers Bill sets out far-reaching changes in terms of merger control and conduct requirements, but some are skeptical of the Competition and Markets Authority’s enhanced powers and potential for divergence in treatment between firms, say Ben Chivers, Stephen Whitfield ​​​​​​​and Nigel Seay at Travers Smith.

  • Key Takeaways From EU Proposal For Greenwashing Rules

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    If the proposal for a Green Claims Directive, with its enhanced rules on claims about a product or trader's environmental impact, is adopted, it will affect all businesses selling their products in the EU and bring major changes to the way those products are packaged and advertised, say attorneys at Shearman.

  • UK Plan For AI Rules Raises Compliance Questions For Cos.

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    The U.K. government's proposal for a new, clear and pro-innovation regulatory framework on artificial intelligence diverges from the European Union's approach, which may create incoherence and compliance burdens for businesses operating in both jurisdictions, says attorneys at Akin Gump.

  • The FCA's Timely Plan To Reform Asset Management Regime

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    The discussion paper recently issued by the U.K. Financial Conduct Authority finally addresses how, in the future, asset management regulation will work in totality from an investor, manager and distributor perspective, and its review of the purpose and balance of the regime is welcomed, says Tim Dolan at Greenberg Traurig.

  • Questions Raised By UK Plan For ESG Ratings Providers

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    HM Treasury is taking steps toward regulating environmental, social and corporate governance ratings providers, aiming to ensure adequate protection for U.K. users and level the playing field, but the potential new regime risks imposing undue regulatory burden and overlapping requirements on U.K. and overseas firms, say Ferdisha Snagg and Andreas Wildner at Cleary.

  • Review Of Senior Managers Regime Provides Useful Insight

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    Although the recently launched review of the Senior Managers and Certification Regime suggests a remodel rather than wholesale change, the topics raised illustrate the mindset of the three key stakeholders in the U.K. financial services sector, say Richard Burger and Katy O’Connor at WilmerHale.

  • Highlights Of The UK's New Economic Crime Plan

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    With the direction of the U.K. government’s newly launched second economic crime plan undeniably altered by the recent focus on kleptocrats and their money, the emphasis is now on how the U.K. can deliver a more effective approach to reducing the threat of economic crime, says Kathryn Westmore at the Royal United Services Institute.

  • How The LDI Crisis May Lead To Pensions' Negligence Claims

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    Following the liability-driven investment crisis and its impact on pension schemes, employers and trustees may now be considering if anyone is to blame for any losses arising, say Rachael Healey and Andrew Oberholzer at RPC.

  • 5 Crypto Considerations For UK Policymakers

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    A recent consultation paper from the U.K.'s HM Treasury about digital asset regulation has been touted as a cause for celebration, and while the wheels have been put into motion, there is still a lot of work to do when it comes to correctly regulating the U.K.'s cryptocurrency industry, says Oliver Linch at Bittrex Global.

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