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Insurance UK

  • May 29, 2025

    UK Eyes Alignment With Int'l Sustainability Standard

    Britain's accounting regulator proposed on Thursday introducing a U.K. version of the international standard used for sustainability assurance in a bid to ensure consistency in the sector.

  • May 29, 2025

    Private Equity Firm Advent To Buy Insurance Broker Kereis

    Private equity firm Advent International has agreed to acquire international insurance brokerage Kereis from investment company Bridgepoint, which acquired the broker five years ago.

  • May 29, 2025

    US Tariffs Spark Profit Warnings For UK Pension Sponsors

    British businesses might seek to tap into pension surpluses because of ongoing financial losses caused by U.S. tariffs, a professional services firm has warned.

  • May 29, 2025

    Insurers' Body Widens Salvage Code To Include EVs

    The Association of British Insurers has updated its guidance for insurance companies and salvage firms that categorize written-off vehicles to cover electric and hybrid cars.

  • May 29, 2025

    Bigger Isn't Better In £25B Pensions Megafund Reform

    The U.K. government unveiled on Thursday a sweeping reform program to drive the creation of new pension megafunds with the firepower to invest more in the U.K. economy — but experts warn this could stifle competition and "put a gun" to providers' heads.

  • May 29, 2025

    FCA To Update Regulatory Directions For UK Finance Firms

    The Financial Conduct Authority said Thursday that it will amend and update approximately 11,000 legal requirements, obligations and restrictions for more than 9,000 financial firms in the U.K.

  • May 28, 2025

    UK Firms Plan To Tap Pension Surpluses Amid Rule Changes

    Most U.K. businesses with defined benefit pension plans larger than £500 million ($673 million) have said they would access their retirement plan surplus once the government allows them to tap into the money, new research shows.

  • May 28, 2025

    Social Media Giants Urged To Curb Unauthorized Finance Ads

    The European Union's financial markets watchdog urged the world's major social media and online companies on Wednesday to stop promoting unauthorized financial services on their platforms.

  • May 28, 2025

    New FCA Crypto Rules Focus On Stablecoin Value, Security

    The Financial Conduct Authority on Wednesday proposed rules aimed at ensuring stablecoins hold their value and firms keep cryptocurrencies safe, as the U.K. progresses on its plans to oversee regulation of the risky assets.

  • May 28, 2025

    DLA Piper Steers Aviva's £270M Morrisons Pension Deal

    Aviva said on Wednesday that it has taken on £270 million ($364 million) worth of pension plan liabilities from a retirement fund sponsored by supermarket giant Morrisons.

  • May 28, 2025

    UK Eyes Cutting Pension Tax Breaks To Boost Revenue

    The government could be considering the removal of tax breaks on workplace pensions salary-sacrifice plans, experts have warned, as part of an effort to increase revenue in the next budget.

  • May 27, 2025

    IMF Issues Warning On UK Gov't Pension Consolidation Plans

    U.K. government plans to consolidate smaller pension funds into larger megafunds may reduce competition in the sector and would benefit from enhanced oversight by the retirement savings watchdog, the International Monetary Fund said Tuesday.

  • May 27, 2025

    Railpen Sells Pension Administration Arm To Broadstone

    British pensions adviser and administrator Railpen said it has sold its third-party pension administration business to financial services consultancy Broadstone.

  • May 27, 2025

    Picturehouse Wins Insurance Fee Battle With Landlord

    A London court has ordered the owner of a property in Piccadilly Circus to repay more than £640,000 ($870,000) it overcharged tenant Picturehouse Cinemas by loading insurance premiums for the premises with top-end broker commissions for the landlord to pocket.

  • May 27, 2025

    DWF Teams Up With Verisk To Provide Services To Insurers

    The legal and business services provider DWF LLP announced Tuesday it has teamed up with U.S. risk management company Verisk in a partnership they hope will drive down insurers' costs and increase operational efficiency in the insurance sector.

  • May 27, 2025

    600 'Shadow Fleet' Tankers Carry Russian Oil, Allianz Warns

    More than 600 tankers are now involved in carrying Russian oil in breach of international sanctions imposed on the country's energy industry after the invasion of Ukraine in 2022, an insurer warned Tuesday.  

  • May 27, 2025

    Insurance Adjuster Loses Appeal In COVID Mask Bias Claim

    A London appeals judge has dismissed an insurance claims adjuster's case that his employer's policy on mask-wearing during the COVID-19 pandemic was discriminatory because of his belief in "bodily autonomy."

  • May 27, 2025

    Slaughter And May-Led Bain Invests £120M In UK Finance Biz

    U.S. investment business Bain Capital has taken a stake worth nearly 30% in The Openwork Partnership for £120 million ($163 million) after winning backing from the City watchdog, the British financial adviser said Tuesday.

  • May 23, 2025

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

    This past week in London has seen Nestlé hit with an intellectual property claim by a pet insurance company, VTB Capital bring a breach of contract lawsuit against J.P. Morgan Securities, and Société Générale's former chief executive face litigation from an Italian entrepreneur.

  • May 23, 2025

    Chubb Denies £1.2M Claim Over NYT Journalist's Crash

    Chubb has denied having to pay £1.2 million ($1.6 million) in a reinsurance chain following a settlement of claims brought by a woman who was injured in a car crash while being driven by a New York Times journalist in Scotland.

  • May 23, 2025

    BMS Group Strengthens Presence In Turkey With Oria Deal

    Independent insurance and reinsurance broker BMS Group has acquired insurance broker Oria of Turkey to cement its position in the Turkish market and expand its network in the region.

  • May 23, 2025

    Pension Admin Staff Threaten Strike Over Capita Takeover

    A union for public sector workers said Friday that it is balloting members for strike action after it claimed it was locked out of negotiations ahead of a takeover of the administration of civil service pensions by professional services company Capita.

  • May 23, 2025

    Compensation Program Shaves £38M Off Finance Firms' Levy

    The Financial Services Compensation Scheme has shaved £38 million ($51.3 million) off its levy on regulated firms, because it expects a fall in claims during the 2025/26 financial year.

  • May 23, 2025

    Blackstone Backs Davies With £275M For Global Expansion

    U.K. insurance professional services group Davies said Blackstone's credit and coverage business has injected £275 million ($371.5 million) into the company to fund its ongoing global acquisition spree.

  • May 22, 2025

    'Marked Increase' In Brits Turning To Private Health Insurance

    The private health insurance market in Britain is growing as a result of the COVID-19-induced surge in waiting lists for U.K. hospitals, financial consultant Broadstone said Thursday.

Expert Analysis

  • 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.

  • Insurance Rulings Show Court Hesitancy To Fix Policy Errors

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    Two recent Court of Appeal insurance decisions highlight that policyholders can only overcome policy drafting errors and claim coverage if there is a very obvious mistake, emphasizing courts' reluctance to rewrite contract terms that are capable of enforcement, says Aaron Le Marquer at Stewarts.

  • EU Investment Fund Standards Offer Welcome Clarity

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    The European Commission’s recently published regulatory technical standards for long-term investments, which granted managers greater flexibility with respect to open-ended European long-term investment funds, should help managers active in the space navigate the mandatory liquidity requirements for long-term investment funds, say Zac Mellor-Clark and Nishkaam Paul at Fried Frank.

  • 10 Ways To Manage AI Risks In Service Contracts

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    With the European Union Artificial Intelligence Act coming into force on Aug. 1 and introducing a new regulatory risk, and with AI technology continuing to develop at pace, parties to services arrangements should employ mechanisms now to build in flexibility and get on the front foot, says James Longster at Travers Smith.

  • Unpacking The New Concept Of 'Trading Misfeasance'

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    In addition to granting one of the largest trading awards since the Insolvency Act was passed in 1986, the High Court recently introduced a novel claim for misfeasant trading in Wright v. Chappell, opening the door to liability for directors, even where insolvent liquidation or administration was not inevitable, say lawyers at Greenberg Traurig.

  • Key Takeaways From Proposed EU Anticorruption Directive

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    The European Commission's anticorruption proposal, on which the EU Council recently adopted a position, will substantially alter the landscape of corporate compliance and liability across the EU, so companies will need to undertake rigorous revisions of their compliance frameworks to align with the directive's demands, say lawyers at Linklaters.

  • Tips For Implementing EU Sustainability Reporting Guidance

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    Âé¶¹´«Ã½yers at Sullivan & Cromwell discuss the European Financial Reporting Advisory Group’s recently published guidance on double materiality assessments and offer takeaways on achieving a sustainability directive-compliant process that could enhance clarity and consistency among multinational stakeholders.

  • Why Ukraine Aircraft Insurance Case Failed To Take Off In UK

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    In Aercap v. PJSC Insurance, the High Court decided the claimants could not avoid an exclusive jurisdiction clause and advance their case in England rather than Ukraine, and the reasoning is likely to be of relevance in future jurisdiction disputes, say Abigail Healey and Genevieve Douglas at Quillon Âé¶¹´«Ã½.

  • What New UK Labour Gov't Is Planning For Financial Services

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    Following the Labour Party’s U.K. election win on July 4, the new government has already announced its key missions for economic growth, green investment and tax reform, so affected Financial Conduct Authority-regulated entities should be prepared for change and on the lookout for details, says Rachael Healey at RPC.

  • Why Reperforming Loan Securitization In UK And EU May Rise

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    The recently published new U.K. securitization rules will largely bring the U.K.’s nonperforming loan regime in line with the European Union, and together with the success of EU and U.K. banks in reducing loan ratios, reperforming securitizations may feature more prominently in relevant markets going forward, say lawyers at Morgan Lewis.

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