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Insurance UK
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April 04, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Russian industrialist Oleg Deripaska target the intelligence arm of CT Group with a commercial fraud claim, Big Technologies sue its former CEO for allegedly concealing interests in several shareholders, and an investment firm tackle a professional negligence claim by Adidas. Here, Law360 looks at these and other new claims in the U.K.
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April 04, 2025
Pension Protection Fund Says 'Time Is Right' To Review Rules
Britain's pensions compensation fund has said the "time is right" to review a range of key areas of its governing legislation, including how it sets its levy and rules determining how benefits for older pensioners rise.
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April 04, 2025
Cyber Insurance Market To Double By 2030, Munich Re Says
The cyber insurance market is expected to more than double by 2030 at an annual growth rate of over 10% despite slow growth in the last two years, German multinational reinsurance company Munich Re said Friday.
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April 04, 2025
TUI Pilot Wins Pension After Losing Forced Retirement Claim
An employment tribunal has ruled that a former TUI Airways pilot is entitled to almost £15,000 ($19,500) in pension contributions, despite tossing his claim for age discrimination and unfair dismissal the year before.
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April 04, 2025
Pension Members 'Afraid' Of Gov't Surplus Extraction Plans
Nearly all members of defined benefit pension schemes in Britain do not want politicians interfering in their operations, polling reveals, as policymakers move to relax retirement savings rules to allow schemes to invest billions of pounds tied up in surpluses.
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April 04, 2025
UK Gov't Urged To Tackle Pensions Advice Gap In Review
The government must use the next phase of its pension review to address why so few workers take advice on their retirement options, a trade body said Friday.
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April 04, 2025
UK Insurers Could Push Through Price Hikes From Tariffs
British insurers could be forced to push through price hikes due to new U.S. trade tariffs, experts warned Friday, amid a looming risk of rising claims bills.
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April 04, 2025
UK Pension Funds Braced To Weather Bond Market Turmoil
British pension schemes are most likely sufficiently hedged to withstand the current volatility in bond markets, experts said, amid growing concern over a global trade war.
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April 03, 2025
Property Co. Sues Broker For £2M Over Fire Claim Refusal
A property developer has sued an insurance broker for almost £2 million ($2.6 million) for its allegedly bungled handling of an insurance policy that resulted in Aviva refusing to cover for a fire that destroyed a Grade II listed building.
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April 03, 2025
Gowling, Police Team Up To Recoup Fraud Victims' Assets
City of London Police said Thursday that it has teamed up with international law firm Gowling WLG to support victims of fraud through a civil asset recovery program.
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April 03, 2025
Pensions Watchdog Issues £98K In Fines Over 'Value' Reports
The retirement savings watchdog said Thursday that it has fined small pension plans almost £98,000 ($129,000) for breaches of governance regulations introduced in 2021.
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April 03, 2025
Insurance Trade Body Names Swinburne New Chair
The Association of British Insurers said Thursday that it has named former member of the European Parliament Jacqueline Swinburne as its new independent chairperson to succeed Nicky Morgan, with immediate effect.
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April 03, 2025
UK Trustee Firms Face New Regulatory Oversight
Britain's retirement savings watchdog has unveiled plans formally to regulate professional trustee firms amid significant growth in the sector.
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April 03, 2025
Ireland Warns On Premiums After Fall In Injury Claims Value
The government of Ireland has warned insurers over the price of cover after official figures revealed a drop in the value of injury claims.
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April 03, 2025
Pinsent Masons Promotes 24 Partners In Latest Global Round
Pinsent Masons said Thursday that it has promoted 24 lawyers to its partnership, a slight rise from 2024's numbers, with women accounting for more than half of those who made the grade.
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April 02, 2025
City Seeks Regulatory Talks With US Amid Trade Tension
A U.K. financial services trade body called on the government Wednesday to enter stronger financial regulatory dialogues with the U.S. and other countries amid trade uncertainties, boosting investment in high-growth companies.
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April 02, 2025
Management Biz. Loses Costs Bid Over Consultant's Theft
An employment tribunal has refused to force a director to pay the £12,060 ($15,645) that a workforce management firm incurred in defending his claims of unfair dismissal, ruling he didn't sue vexatiously.
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April 02, 2025
FCA 'Thinking Radically' On Savings Welcome, LCP Says
The Financial Conduct Authority "thinking radically" about allowing savers to use accrued pension pots for house deposits is "very encouraging," Lane Clark & Peacock LLP has said.
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April 02, 2025
Gov't Told To Reform PPF On Pension Surplus Extraction Plan
The government must extend the safety net of the Pension Protection Fund if it wants retirement schemes to release up to £160 billion ($207 billion) in surpluses to the wider economy, a think tank warned Wednesday.
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April 02, 2025
Insurers Back EU Delay To Sustainability Rules
European insurers on Wednesday publicly backed the executive branch of the European Union's proposal to temporarily suspend implementing two flagship sustainability regimes, saying the delay allows time to streamline several of the planned reporting requirements.
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April 02, 2025
Gov't Confirms Major Delays For NHS Workers In Pension Fix
The government has admitted that hundreds of thousands of people receiving a National Health Service pension will need to wait nearly two years to see their benefits potentially increase.
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April 09, 2025
DLA Piper Hires Insurance Heavyweight From Keystone
DLA Piper has hired a corporate insurance veteran as a partner in London, as the firm continues to strengthen its European team.
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April 01, 2025
DWF Avoids Doc Request In Health Data Breach Claim
DWF Law LLP dodged an order in court Tuesday to hand over documents to three people who allege that the law firm unlawfully shared their health data, after a London judge concluded that the request was merely a fishing expedition.
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April 01, 2025
EU Watchdogs Call For Simplified Securitization Rules
The European Union's finance watchdogs have called on the European Commission to simplify the rules governing securitizations in a bid to make the market more competitive.
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April 01, 2025
EBRD Launches €1B Insurance Facility For Ukrainian Exports
The European Bank for Reconstruction and Development has launched a new war insurance facility that it says will provide up to €1 billion ($1.07 billion) in cover for Ukrainian exports every year.
Expert Analysis
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Examining Senior Managers' Accountability For AI Use
With the Financial Conduct Authority's artificial intelligence update and the Prudential Regulation Authority’s letter to the government offering key guidance on the Senior Managers and Certification Regime, Senior Managers in these organizations need to show they have taken steps to prevent breaching requirements in order not to be held personally accountable, says Jennifer Holyoake at DLA Piper.
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What Cos. Should Know About The EU Greenwashing Rules
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.
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The Art Of Corporate Apologies: Crafting An Effective Strategy
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.
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Dissecting Recent Developments Against The Misuse Of NDAs
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.
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What To Know About The Russia-Stranded Plane Ruling
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.
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3 Notable Pensions Reforms In Spring Budget
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.
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UK Arbitration Ruling Offers Tips On Quelling Bias Concerns
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.
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Bias Ruling Offers Guidance On Disqualifying Arbitrators
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.
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Insurance Policy Takeaways From UK Lockdown Loss Ruling
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.
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What COVID Payout Ruling Means For Lockdown Loss Claims
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.
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Spartan Arbitration Tactics Against Well-Funded Opponents
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.
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Top Court Hire Car Ruling Affects 3rd-Party Negligence Cases
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.
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Unpacking The Building Safety Act's Industry Overhaul
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.
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A Rare Look At Judicial Interpretation Of LEG Exclusions
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.
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Ruling In FCA Case Offers Tips On Flexible Work Requests
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.