Insurance UK

  • 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.

  • March 14, 2025

    Gov't Orders Law Shake-Up To Boost Insurance Mutuals

    The government has ordered a review of the law governing insurance mutuals, as it said it would double the number of companies operating in the sector.

  • March 14, 2025

    Willkie-Led PE Firm To Buy Stake In UK Insurance Broker

    Private equity firm IK Partners has agreed to acquire a minority stake in broker and risk management company Seventeen as it seeks to tap into the U.K. insurance market.

  • March 14, 2025

    Insurer Ardonagh Buys UK Broker Anderson & Co.

    Global insurance broker Ardonagh's SME platform has bought U.K. boutique Anderson & Co. (Holdings) Ltd. and its subsidiary to help bolster its presence in the North of England.

  • March 14, 2025

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

    The past week in London has seen J.P. Morgan face action by the founder of Viva Wallet in an ongoing feud over the company's takeover, retailer Next Group contest a claim by the home ware brand owned by private members' club Soho House, and the venue of the Wimbledon Championships sue a local group opposed to its plans to build new tennis courts on protected land in Wimbledon Park.

  • March 14, 2025

    Greek Firms Steer Bank's €600M Insurer Stake Buy From CVC

    Piraeus Financial Holdings SA has signed a deal for its subsidiary to acquire 90% of Ethniki, a Greek insurer, from a fund controlled by CVC Capital Partners for €600 million ($654 million) in a move by the bank to diversify its business.

  • March 13, 2025

    Solicitor Fined Over Disclosure Failure With Insurer

    The former owner of a defunct property law firm has been fined more than £4,000 ($5,177) for providing misleading information to an insurer when she was looking to renew her professional indemnity insurance, the Solicitors Regulation Authority has said.

  • March 13, 2025

    Phoenix Group Sued By Ex-CEO Over Short Pay

    Phoenix Group Holdings PLC has been sued by the former chief executive officer of its subsidiary SunLife Ltd., who alleges that the insurer "arbitrarily reduced" his upper management compensation by almost £9 million ($11.6 million).

  • March 13, 2025

    MPs To Debate Women State Pension Redress Petition

    Lawmakers will debate a petition calling for compensation for women affected by the historical failure to inform them that their pension age had changed, amid growing criticism of the government's decision not to launch a redress program.

  • March 13, 2025

    Insurance Brokers Could Get Tax Refunds After Court Ruling

    U.K. insurance brokers could be in line for tax refunds from the state worth up to £400 million ($518 million) after a landmark court case, according to accountancy MHA.

  • March 13, 2025

    Gov't Urged To Reform Rules To Unlock Pension Surpluses

    The government should legislate to allow more flexible use of surpluses in defined benefit pension plans, a financial services consultancy has said, arguing that regulatory reform could generate £400 billion ($518 billion) in additional capital.

  • March 12, 2025

    Gov't Confirms Date For Local Gov't Pension 'Megafunds'

    The U.K. government has confirmed it plans to stick to the deadline of March next year for all assets in the highly fragmented Local Government Pension Scheme to be pooled into larger, regulated funds.

  • March 12, 2025

    Regulatory Rollback Gathers Pace As Programs Axed

    The City watchdog has dropped three of its top regulatory initiatives, responding on Wednesday to industry criticism and government pressure to boost competitiveness and economic growth.

  • March 19, 2025

    Pierson Ferdinand Hires Former Magistrate From Walkers

    Pierson Ferdinand LLP has recruited Daniel Hayward-Hughes, a former magistrate and associate with Walkers, as a junior partner in its international disputes practice as the firm continues to grow its London office a year after its launch.

  • March 12, 2025

    Great Lakes Denies Liability For £1.26M Crane Damage

    An insurance company involved in a row over damage caused by a crane in a property in an Essex industrial estate said it is not liable for the £1.26 million ($1.63 million) claimed because the incident happened in a private warehouse.

  • March 12, 2025

    FCA Drops Plan To 'Name And Shame' Firms It Investigates

    The Financial Conduct Authority said Wednesday that it has scrapped its proposals to publicly identify companies at an early stage in enforcement investigations as the watchdog responds to widespread resistance from the sector.

  • March 12, 2025

    UK Watchdogs Drop Diversity And Inclusion Regulation Plans

    The financial services watchdogs have walked back plans to introduce new regulations for diversity and inclusion policies, saying on Wednesday that they hope to avoid duplicating existing regulation and legislative guidelines.

  • March 12, 2025

    L&G Launches £500M Buyback, Reports 6% Rise In Profits

    Legal & General Group PLC said Wednesday that it plans to line shareholders' pockets with £500 million ($647 million) over 2025 as it reported a 6% rise in core operating profits for 2024.

  • March 11, 2025

    AXA Says Santander Was In 'Driving Seat' In £670M PPI Trial

    Insurance giant AXA said at the start of a £670 million ($867 million) London trial Tuesday that Santander should compensate it for what it has paid out dealing with claims for missold payment protection insurance because the Spanish bank's subsidiary was "in the driving seat."

  • March 11, 2025

    Over-50s Regret Not Taking Pension Seriously, Study Shows

    A quarter of those over the age of 50 said they regret not taking their pension more seriously at a younger age, according to research from insurance giant Aviva that comes amid increased warnings about Britons not saving enough for retirement.

  • March 11, 2025

    UK Regulators Seek AI Guidance From Industry

    Britain's financial and data regulators have reached out to U.K. trade bodies and business chief executives for guidance on how to provide regulatory certainty on artificial intelligence.

  • March 11, 2025

    Norway Insurer Gjensidige To Buy Home Cover Rival For $40M

    Gjensidige Forsikring ASA said Tuesday it has agreed to acquire home coverage specialist Buysure AS and its subsidiary for up 430 million Norwegian krone ($40.4 million), as the insurance company moves to diversify its business.

  • March 11, 2025

    Brokers Fail To Address Liquidity Risks, City Watchdog Finds

    The City watchdog has found that many brokers in Britain which trade in securities or commodities are failing to identify potential risks to their liquidity that could be sparked by crises in the markets such as war or a bank collapse.

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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