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Insurance UK

A temporary closure sign outside a store in the central business district of Auckland, New Zealand, in 2021.

COVID Insurance Claims Near Endgame As Deadline Looms

An approaching deadline for new claims for COVID-19 business interruption has prompted a series of last-minute court filings, but lawyers say that any fresh disputes will be narrow and likely to focus on complex questions not resolved by earlier test cases.

An aircraft prepares for landing as a smoke plume rises from a fire near Dubai's international airport.

Iran War Could Revive 'Grip Of Peril' Insurance Rule

Insurers are likely to run again into the thorny question of whether aircraft grounded amid airport closures in the Middle East are already within the "grip of the peril" if leasing companies make claims for damages on canceled policies, lawyers said.

Home Office sign outside the ministry's building in Whitehall, London.

Fraud Plan Puts FCA At Forefront Of UK Crypto-Crackdown

The Financial Conduct Authority has been given a lead role in targeting money laundering, crypto-assets and money transfer scams in a government fraud strategy involving multiple agencies, which lawyers expect will boost enforcement action and heap a new compliance burden on financial institutions.

Ombudsman Poised To Take Consumer Duty Power From FCA

Pending legislative reforms to the Financial Ombudsman Service could hand the dispute-arbitrator power to assess whether businesses have complied with the consumer duty and other broad rules set by the Financial Conduct Authority, regulatory lawyers say.

April 16, 2026
EU Watchdog Eyes 25% Cut To 13 Solvency II Rulebooks

The European Union's insurance watchdog has proposed cutting 13 sets of guidelines on Solvency II by 25% to reduce the administrative burden on insurers.
April 16, 2026
Nord Stream Insurers Say War Exclusions Bar €580M Claim

Insurers of gas pipelines hit by explosions in 2022 said at the start of their trial on Thursday that exclusions in their policies prevent damages payouts of up to €580 million ($682 million) because the blasts were linked to the Russia-Ukraine war.
April 16, 2026
Gov't Reports Capita Over Pension Data Breach

The government has reported the new administrator of the Civil Service Pension Scheme to the Information Commissioner's Office over a data breach, amid growing official frustration over a botched handover.
April 16, 2026
FCA Unveils New Short Selling Rules To Cut Red Tape

The Financial Conduct Authority set out on Thursday its new U.K. short selling regime, which will greatly reduce reporting requirements and clarify when the regulator can use its emergency powers to stop short selling.
April 16, 2026
Lloyd's Insurers Draw Up Governance Rules For AI Adoption

Nine out of 10 Lloyd's of London insurers are working on their own governance rules for artificial intelligence, the Lloyd's Market Association said Thursday, as the U.K.'s financial watchdog launched a probe into the adoption of the new technology.
April 16, 2026
Insurers Urge EU Lawmakers To Clarify Sustainability Rules

Europe's insurance industry has urged regulators to simplify and refine the bloc's sustainable finance rulebook, warning that its complexity and data gaps risk undermining its effectiveness in steering capital toward climate-friendly activities.
April 15, 2026
Targeted Support Drives 53% Jump In First-Time Investing

A financial services trade body found Wednesday in research sponsored by Barclays, Lloyds Banking Group and Vanguard that people who have never invested are willing to invest up to 53% more after receiving targeted support.
April 15, 2026
Collapsed Pensions Biz Misused Clients' Money, FCA Says

The financial services watchdog said Wednesday that an individual involved in a pensions business withdrew its customers' money without consent and invested it for their own benefit.
April 15, 2026
AI Reshaping Cyber Insurance Risk, Report Warns

Rapid advances in artificial intelligence are increasing the speed, scale and coordination of cyberattacks and introducing new risks for insurers, according to a report by a risk analytics platform.
April 15, 2026
Pension Funding Drops £9.9B Over Middle East Conflict

Economic shocks from the war in the Middle East wiped £9.9 billion ($13.4 billion) from the funding surpluses of U.K. pension plans in March, the compensation program for the sector has said.
April 15, 2026
Lloyd's Body Calls For Further FCA Rules Shake-Up

The Financial Conduct Authority should go further in cutting back red tape for the London insurance market, a trade body said Wednesday as it called for a new rules framework for international business written in the English capital.
April 15, 2026
Plane Lessor, Reinsurer Settle $23M Claim Over Jet In Russia

An aircraft lessor and a reinsurer have reached a settlement to pause part of a multimillion-dollar dispute over a plane stranded in Russia after the invasion of Ukraine, while the wider case continues.
April 15, 2026
Freshfields-Led Standard Life To Buy Aegon UK For £2B

Standard Life PLC said Wednesday that it will buy the British subsidiary of Dutch insurer Aegon for £2 billion ($2.7 billion) in cash and stock to create a major U.K. retirement savings and income business.
April 14, 2026
Mortgage Broker Acquires Homebuying Platform In £1.4M Deal

Mortgage Advice Bureau Holdings PLC said Tuesday that it has purchased HomeOwners Alliance, a homebuyers guidance platform, in a deal worth at least £1.4 million ($1.9 million) that it expects will boost the range of its services.
April 14, 2026
Insurers Face Mounting Backlog Of Pension Buyouts

Insurers are facing a growing backlog of pension plans seeking to wind up and close amid an expected surge in such transactions this year, a professional services company said Tuesday.
April 14, 2026
EU Natural Catastrophe Scheme 'Could Close Protection Gap'

A pooled fund for natural catastrophes in Europe could offer stability to insurers in the region and close the protection gap for homes and businesses, a ratings agency said Tuesday.
April 14, 2026
AI Use 'Now Universal' Across UK Pensions Industry

The U.K. pensions industry has now fully adopted artificial intelligence, marking a sharp rise from already high usage levels a year earlier, according to a new survey by the Society of Pension Professionals.
April 14, 2026
FCA Sets Out Open Finance Push To Widen Consumer Choice

The Financial Conduct Authority set out on Tuesday a program for developing open finance to give consumers and businesses greater control over their financial data in a move to help them secure better deals.
April 13, 2026
House Of Fraser Left Bruised After TM Clash With Property Biz

House of Fraser has lost swaths of its brand protections in the U.K. following a "Frasers" trademark clash with a Singaporean property firm of the same name.
April 13, 2026
Chair Of EU Insurance Watchdog Gets 2nd Five-Year Term

The Council of the European Union has reappointed Petra Hielkema as chair of the European Insurance and Occupational Pensions Authority for a second five-year term starting Sept. 1.
April 13, 2026
Perella Weinberg To Buy London Advisory Boutique

Perella Weinberg Partners LP said Monday that it has agreed to acquire London-based advisory firm Gleacher Shacklock LLP as the U.S. bank seeks to widen its footprint in the U.K. and strengthen its cross-border dealmaking abilities.
April 13, 2026
Saba Capital Welcomes Rebuff Of Edinburgh Trust Exit Offer

Saba Capital Management LP, the largest shareholder in Edinburgh Worldwide Investment Trust, has welcomed the rejection by the trust's shareholders of a proposed tender offer, saying Monday that the offer was "deeply flawed."
April 13, 2026
Reinsurer Pool Re Launches Terrorism Cover Plan For SMEs

The U.K.'s state-backed reinsurer said Monday it has started a program designed to encourage small and midsized businesses to take up terrorism cover.
April 13, 2026
Longevity Insurance Deals Set To Rise, Broker Aon Says

The longevity insurance market is likely to experience an increase in demand this year as a result of pension reforms and changes in mortality rates, a broker said Monday.
April 10, 2026
Tax Deal Coverage Row Must Precede Tort Claims, Judge Says

A Georgia federal judge won't allow a conservation easement entity to litigate tort claims against its insurance broker while arbitrating a dispute with its insurer over coverage for an IRS settlement, ruling that those claims could only be sorted out after an initial coverage determination.

Editor's Picks

Top Court Ruling In 'Whiplash' Test Case Could Hit Premiums

Personal injury claimants could get higher payouts from their motor insurance as a result of a test case ruling at Britain's highest court on Tuesday, although analysts warn that insurers could respond with higher premiums to cover the cost of bigger claims.
FCA Begins Crackdown On Poor-Value Insurance Products

The move by the Financial Conduct Authority to restrict sales of guaranteed asset protection insurance is a sign of a faster approach to market intervention, and could lead the regulator to scrutinize other underperforming products, consultants say.
Post-Election UK Pension Changes Could Be In The Fine Print

Regulatory lawyers are not expecting radical overhaul in pension policies if the government changes after this year's general election. But lawyers say that signals in the opposition Labour Party's policy language could hint at possible shifts in investment priorities for retirement savings.

Expert Analysis

Why SRA Is Cracking Down On 'No Win, No Fee' Law Firms

Harriet Gamper at the Solicitors Regulation Authority discusses the regulator’s recent warning notice concerning "no win, no fee" arrangements in high-volume consumer claims, aimed at offering lawyers clarity in understanding their obligations following findings that many law firms were failing in their duty to protect clients' best interests.
How UK Securitization Reforms Will Affect Industry

The Prudential Regulation Authority’s recent proposals to reform securitization requirements will offer greater structuring flexibility, reduced operational complexity and lower compliance costs, although with the rationale for imposing stand-alone obligations on institutional investors not clear, dissenting voices are likely, say lawyers at Skadden.
Striking A Balance Between AI Innovation And Regulation

The Financial Conduct Authority's recent consultation on the impact of artificial intelligence on financial services highlights the debate between regulators, the government and industry over whether current regulatory frameworks can balance innovation with risk management, say lawyers at Womble Bond.
FCA Enforcement Newsletter Reflects Shift Toward Openness

The Financial Conduct Authority’s inaugural Enforcement Watch newsletter provides clarity on the cases the regulator is opening and highlights its approach to early communication of enforcement activity, offering a welcome insight into its emerging priorities, says David Hamilton at Howard Kennedy.
FCA's Investment Regime May Prove A Double-Edged Sword

The Financial Conduct Authority’s final rules on consumer composite investments intend to support retail investors in making more informed decisions while affording firms greater flexibility, but continuing with opaque methodologies will require greater operational and compliance effort in the short term, say lawyers at Fried Frank.
How FCA's Client Reforms May Boost Investment Access

The Financial Conduct Authority’s recent proposals to reform the professional client categorization regime and simplify conflicts of interest rules are likely to be welcomed, although firms will need to navigate the increased responsibility that comes with greater flexibility, say lawyers at Skadden.
Consolidation Of Lloyd's Bylaws Will Be Useful For Members

Lloyd’s of London’s recent consolidation of its bylaws will make the rules governing its market more accessible, providing immediate results as well as the necessarily flexible framework to address the future needs of its participants, say lawyers at Skadden.
4 Securities Trends For Pension Trustees To Watch In 2026

With the U.K. signaling it will soon demand more active fiduciary stewardship from pension trustees, British and EU fund managers must follow key trends in mass securities litigation, investment disclosures, and U.S. enforcement that could require intervening for their investors in 2026, say lawyers at Labaton Keller.
10 Financial Regulatory Changes To Prepare For In 2026

A number of changes in the financial regulatory sphere are due this year, from targeted support to payment safeguarding and a new consumer composite investments regime, and firms should plan to address the policies and regulatory strategies relevant to them, say lawyers at Womble Bond.
FCA Enforcement Trends In 2025 And Expectations For 2026

The Financial Conduct Authority’s clear intention in 2025 to conduct fewer, faster investigations and reinforce transparency is likely to continue in 2026, with a dual-pronged approach of targeted enforcement and assertive supervision to fight crime, support growth and help consumers as its priorities, say lawyers at WilmerHale.
Judicial AI Guidance Update Shows Caution Still Prevails

The judiciary’s recently updated guidance on the use of artificial intelligence warns judges and tribunal members about misinformation and white text manipulation, providing a reminder that AI tools cannot replace direct engagement with evidence and reflecting a broader concern about their application when handling confidential material, say lawyers at Hogan Lovells.
How Russia Sanctions Trajectory Is Affecting UK Legal Sector

The proliferation of U.K. and European Union sanctions targeting Russia has led to a vast increase in legislative provisions, and lawyers advising affected businesses should expect a complex and evolving legal landscape for the foreseeable future, says Rob Dalling at Jenner & Block.
Navigating Legal Privilege Issues When Using AI

The recent explosion in artificial intelligence has led to prompts and AI outputs that may be susceptible to disclosure in proceedings, and it is important to apply familiar principles to assess whether legal privilege may apply to these interactions, say lawyers at HSF.
A Look At Factors Affecting Ombudsman Complaint Trends

Lawyers at Womble Bond provide an analysis of the Financial Ombudsman Service's complaint trends in 2025, highlighting the impact of changes within the FOS and external factors on the financial sector's redress system.
What To Know About FCA's Short Selling Regime Proposals

Although the Financial Conduct Authority’s recent proposals for changes to the U.K. short selling regime do not materially alter the rules, targeted reforms designed to reduce the administrative burden placed on position holders will be welcomed by market participants, say lawyers at McDermott.