Insurance UK

  • December 17, 2024

    FCA Proposes Rules For New Private Company Stock Market

    The Financial Conduct Authority set out proposals on Tuesday for a regulatory regime for the world's first regulated stock market, which is designed to allow investors to trade shares in private companies and is intended to make the U.K. more competitive.

  • December 17, 2024

    FCA Bans Director, Adviser Over 'Flawed' Pensions Advice

    The City watchdog has banned a company director and pensions adviser from the financial services sector for giving "fundamentally flawed" guidance that jeopardized consumer retirement savings.

  • December 16, 2024

    Travelers Settles Warehouse Fire Row With Building Co.

    Travelers Insurance Co. Ltd. has settled a U.K.-based building operator's legal claim over alleged losses from fires that destroyed its warehouse in Scotland.

  • December 16, 2024

    Gov't Drops Promise Of 2nd Pensions Review By End Of 2024

    Millions of Britons could face retirement without sufficient savings, experts said Monday, after the government appeared to delay its long-awaited review into pension adequacy.

  • December 16, 2024

    Sky Can Claim More In Insurance Spat Over Faulty Roof

    Sky has secured a new victory in its multimillion-pound dispute with insurers over water damage to the roof of its headquarters, after an appeals court said Monday that the media giant can claim for damages incurred after its policy lapsed.

  • December 16, 2024

    Squire Patton Guides £102M Pension Deal For Chemicals Co.

    A British chemicals manufacturer has offloaded £102 million ($129 million) of its pension liabilities with insurer Royal London, advisers said Monday, in a transaction steered by Squire Patton Boggs.

  • December 16, 2024

    Insurer Saga Partners With Belgian Rival Ageas In £140M Deal

    Travel and insurance company Saga PLC confirmed Monday that it has entered into a partnership with Ageas in a deal worth up to £140 million ($177 million) and will also sell its underwriting subsidiary to the Belgian business for up to £67.5 million.

  • December 13, 2024

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

    This past week in London has seen a group of franchise operators hit Vodafone with a £120 million ($151 million) claim for allegedly imposing commission cuts, green energy tycoon Dale Vince pursue another libel action against the publisher of the Daily Mail, and parcel delivery giant Yodel face a claim by an investor that helped save it from collapse earlier in the year.

  • December 13, 2024

    Gov't Urged To Go Further On Local Pension Reforms

    The U.K. government's proposed plan to pool assets in the highly fragmented Local Government Pension Scheme has a good motive but requires more detail to ensure the floated reforms work successfully, the consultancy Lane Clark & Peacock said Friday.

  • December 13, 2024

    Hopes Rise For Law Change As Pension Lifeboat Delays Levy

    The pension lifeboat fund has pushed back until January an announcement on its annual levy for the next financial year, amid speculation that long-awaited legislative change could be on the horizon.

  • December 13, 2024

    Eversheds Steers £210M Transfer Deal For Superfund Clara

    Britain's only defined benefit superfund has carried out a £210 million ($265 million) pension liability transfer with a property management company, in a deal steered by Eversheds Sutherland, Osborne Clarke, Macfarlanes and CMS.

  • December 13, 2024

    Lloyd's Trade Body Wants Reporting Burden Eased More

    A Lloyd's of London trade body has said that the specialist market has made good progress in its bid to reduce the compliance and reporting obligations for participants this year — but it must take more action 2025 to "fully realize" the benefits of easing the burden.

  • December 13, 2024

    Pensions Pro Wins Whistleblower Appeal, But Was Fairly Fired

    A pensions administrator has convinced an appeals tribunal that a Scottish government agency wrongly penalized him for blowing the whistle on problems with a retirement savings plan, but he could not prove that the decision to sack him was unfair.

  • December 12, 2024

    Insurer Fights £400K Moldy Beef Payout On Appeal

    A British insurer launched its appeal Thursday to avoid paying a meat producer's claim over 100 tons of moldy beef, arguing that the storage company it insured breached its policy terms.

  • December 12, 2024

    BoE Probes Business Exposure To Crypto-Assets

    The Bank of England's regulatory arm said Thursday it is asking the firms it oversees to detail their current and expected future exposure to crypto-assets as it looks to "calibrate" its oversight.

  • December 12, 2024

    BoE Bolsters Liquidity Reporting For Life Insurers

    The Bank of England has set out new rules on life insurers overreporting their liquidity positions, in a bid to better monitor the sector following the liability-driven investment crisis two years ago.

  • December 12, 2024

    More £1B-Plus Deals Forecast For 2025 Pensions Market

    The market for defined benefit retirement savings plans offloading their pension liabilities to insurers will "remain strong" in 2025, with more deals in excess of £1 billion ($1.3 billion) expected, Standard Life has said.

  • December 12, 2024

    Spain Can't Enforce €855M Oil Spill Award Against Insurers

    Spain has failed in its latest attempt to enforce an €855 million ($898 million) Spanish judgment against maritime insurers over a huge oil spill off its coast, as an appeals court found on Thursday that it was prevented from doing so by English arbitration.

  • December 12, 2024

    FCA Floats New Guidance Rules To Support Pension Savers

    The financial watchdog said on Thursday that it is consulting on new rules that it hopes will allow providers of pension plans to offer better support to workers saving for retirement.

  • December 11, 2024

    MoD Loses Bid To Redo Army Reservist's Pension Bias Case

    A Scottish tribunal has declined to reconsider a ruling that the Ministry of Defence's refusal to let a retired army reserve officer join the armed forces pension plan left him worse off than full-time military personnel.

  • December 11, 2024

    CMS Guides Just Group's £17M Pension Scheme Deal

    Just Group on Wednesday said it has taken on £17 million ($21.6 million) worth of retirement savings liabilities from an unnamed pension scheme in a deal guided by law firm CMS Cameron McKenna Nabarro Olswang LLP, marking the latest transaction signed by the company this year.

  • December 11, 2024

    Utmost Group All Clear To Acquire Rival Insurer Lombard

    Utmost Group PLC said Wednesday that it has received all necessary regulatory approvals to complete its acquisition of rival insurer Lombard International Assurance Holdings SARL.

  • December 11, 2024

    Hogan Lovells Steers £370M Pension Deal For Hays

    Recruitment company Hays Group PLC has offloaded £370 million ($472 million) of its U.K. pension liabilities to Pension Insurance Corp. PLC, in a deal steered by Hogan Lovells International LLP, Slaughter and May and Addleshaw Goddard LLP.

  • December 11, 2024

    Insurance Consolidators Looking Abroad As UK M&A Dries Up

    British insurance consolidators are looking abroad for new acquisition targets as a result of fewer viable targets in the U.K., a transaction consultancy said.

  • December 11, 2024

    Linklaters-Led Orsted To Sell Wind Farm Stake For $1.6B

    Danish multinational energy company Orsted said Wednesday that it has agreed to sell a 50% stake in an offshore wind farm in the South China Sea to Taiwanese insurer Cathay Life Insurance for approximately 11.6 billion Danish kroner ($1.6 billion).

Expert Analysis

  • The Evolution Of GDPR Enforcement Across The EU

    Author Photo

    With the last few months bringing significant fines to major businesses that have breached the European Union's General Data Protection Regulation, it is clear that regulators are moving away from the light-touch approach they employed during the transition to the new rules, says James Simpson of Blaser Mills.

  • Series

    Why I Became A Lawyer: Being There For Families In Trouble

    Author Photo

    My parents' contentious, drawn-out divorce was one of the worst experiences of my life. But it taught me how to be resilient — and ultimately led me to leave corporate litigation for a career in family law, helping other families during their own difficult times, says Sheryl Seiden of Seiden Family Law.

  • 3 Ways To Leverage Vulnerability For Lawyer Well-Being

    Author Photo

    Admitting to imperfection is an elusive construct in the legal industry, but addressing this roadblock by capitalizing on vulnerabilities can increase personal and professional power, says life coach and attorney Julie Krolczyk.

  • Zurich Case Brings Clarity To Complex Contempt Proceedings

    Author Photo

    The U.K. Court of Appeal's recent decision in Zurich v. Romaine provides insight into the meaning of "in the public interest" in the context of bringing contempt proceedings against a party or witness who verifies false claims, says Matt Peacock of Signature Litigation.

  • What A No-Deal Brexit Would Mean For Dispute Resolution

    Author Photo

    In the event of a no-deal Brexit, arbitration may become a more attractive option as a dispute resolution mechanism, as it offers relatively easy enforcement and clauses that could negate some uncertainty caused by Brexit, says Donna Goldsworthy of BDB Pitmans.

  • The Problem — And Opportunity — Of Implicit Bias In The Bar

    Author Photo

    Law firms are beginning to recognize implicit bias as a problem. But too few recognize that it is also an opportunity to broaden our thinking and become better legal problem solvers, says Daniel Karon of Karon LLC.

  • Roundup

    Pursuing Wellness

    Author Photo

    In this Expert Analysis series, leaders at some of the law firms that committed to the American Bar Association's 2018 pledge to improve mental health and well-being in the legal industry explain how they put certain elements of the initiative into action.

  • Series

    Why I Became A Lawyer: Expanding The Meaning Of Diversity

    Author Photo

    My conservative, Catholic parents never skipped a beat when accepting that I was gay, and encouraged me to follow my dreams wherever they might lead. But I did not expect they would lead to the law, until I met an inspiring college professor, says James Holmes of Clyde & Co.

  • 2 Perspectives On Navigating The Litigation Funding Process

    Author Photo

    Paul Martenstyn of Vannin Capital and Daniel Spendlove of Signature Litigation share their top tips on how to get a case funded, drawing from their respective experience as a funder and a lawyer.

  • Answers To Key Legal Finance Ethics Questions

    Author Photo

    While there is discussion in some quarters about new regulations on commercial legal finance, the hands-off approach taken by the majority of courts and legislatures is an implicit recognition that it is already sufficiently regulated, says Danielle Cutrona of Burford Capital.

  • Competing Legal Factors Vex Insurance Arbitration Disputes

    Author Photo

    The Fifth Circuit ruled in May that international arbitration policy trumped state insurance law in McDonnel Group v. Great Lakes Insurance. But the courts have been inconsistent in applying conformity-to-statute clauses, the McCarran-Ferguson Act and a related U.S. treaty in the battle between federal preemption and state reverse preemption, says Gilbert Samberg at Mintz.

  • Cannabis Investors Should Beware Money Laundering Risk

    Author Photo

    Even if marijuana-related businesses are in compliance with local laws, their investors are not free of legal risk so long as cannabis remains a controlled drug in other countries, such as the U.K., say Robert Dalling and Wade Thomson of Jenner & Block.

  • Real-Life Lessons For Lawyers From 'Game Of Thrones'

    Author Photo

    What lessons can the various hands, maesters, council members and other advisers in "Game of Thrones" impart to real-life lawyers? Quite a few, if we assume that the Model Rules of Professional Conduct were adopted by the Seven Kingdoms, says Edward Reich of Dentons.

  • UK Firms Should Be Prepared For Government Raids

    Author Photo

    Recent enforcement activity from the Financial Conduct Authority and other regulators highlight the penalties firms face for procedural breaches, and the value in ensuring that employees are well-equipped to handle unannounced inspections, say James Marshall and Sonja Hainsworth of Bryan Cave.

  • Series

    Why I Became A Lawyer: Completing The Journey Home

    Author Photo

    My mother's connection to her Native American heritage had a major influence on my career — my decision to enter the legal profession was driven by the desire to return to my tribal community and help it in any way I could, says Jason Hauter of Akin Gump.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Insurance UK archive.
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!