Aircraft lessors face a fresh legal battle to recover losses for planes stranded in Russia in a trial beginning on Monday, when reinsurers will argue that Russian law prevents them from claiming directly under insurance arranged by the airlines.
The European Union has said it intends to launch a regional insurance alliance to bridge a widening gap in protection against climate change for businesses in the bloc — but there are questions about what this might eventually look like in practice.
Finance firms are bracing for a surge in disputes over obligatory references after non-financial misconduct rules were extended to 37,000 non-bank firms, legal experts say.
Britain has launched landmark trials of robotaxis in London, but delayed regulation could leave insurers, operators and potentially victims fighting over the bill if there is a crash.
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Aircraft lessors face a fresh legal battle to recover losses for planes stranded in Russia in a trial beginning on Monday, when reinsurers will argue that Russian law prevents them from claiming directly under insurance arranged by the airlines.
The European Union has said it intends to launch a regional insurance alliance to bridge a widening gap in protection against climate change for businesses in the bloc — but there are questions about what this might eventually look like in practice.
Finance firms are bracing for a surge in disputes over obligatory references after non-financial misconduct rules were extended to 37,000 non-bank firms, legal experts say.
Britain has launched landmark trials of robotaxis in London, but delayed regulation could leave insurers, operators and potentially victims fighting over the bill if there is a crash.
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October 07, 2026
Car manufacturers told the High Court on Wednesday that they are seeking more than £120 million ($158 million) in interim legal costs following their substantial victory, as diesel emissions claimants warned their insurance might not cover the bill.
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October 07, 2026
The Greek shipowner of an oil tanker that caught fire when unloading over 30,000 metric tons of diesel fuel in France has accused an insurer of failing to pay $2.5 million to cover costs incurred during salvage of the cargo.
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October 07, 2026
The U.K.'s central bank said Wednesday it plans to increase regulatory requirement thresholds across banking, insurance and credit unions to reduce compliance costs and give financial firms greater certainty about future rules.
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October 07, 2026
A group of reinsurers argued Wednesday that aircraft lessors are trying to "turn lead into gold" by seeking billions of dollars for planes stranded in Russia under reinsurance policies arranged by the airlines.
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October 07, 2026
Four global insurance trade groups have said they will work together to confront issues such as climate risk and persistent inflation, which they said have been threatening economic resilience in the nations they represent.
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October 07, 2026
Almost half of the defined benefit pension plans polled in a new study intend to transfer their liabilities to an insurer within the next decade, according to a report by a professional body and an asset manager.
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October 06, 2026
The Financial Conduct Authority said at its annual general meeting on Tuesday that it will engage with financial crime with a "force" that has not been seen for years, highlighting artificial intelligence as a source of risk.
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October 06, 2026
B.P. Marsh & Partners PLC said Tuesday that it has bought a 30% equity stake in newly launched London market underwriting agency Dauntless U/W Ltd., which specializes in marine hull insurance for a "nominal consideration."
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October 06, 2026
Two former Petrofac executives will have three extra weeks to prepare for their bribery trial after a London judge pushed back the start date because insurers seeking to avoid covering their criminal defense costs lost a dispute.
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October 06, 2026
The European Union's insurance watchdog warned in a report on Tuesday that private equity companies' pursuit of quick returns and willingness to take greater risks can conflict with their responsibility to ensure insurers and reinsurers remain financially sound.
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October 06, 2026
Two hair salons have accused Allianz of wrongfully refusing to cover their COVID-19 lockdown losses, adding to a wave of last-minute claims six years after the pandemic began.
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October 05, 2026
Insurers detected £1.34 billion ($1.8 billion) in fraudulent claims in 2025, a trade body said Tuesday, as it warned about the growing role of artificial intelligence in financial crime.
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October 05, 2026
Insurance business Clear Group said Monday it has bought specialist London-based broker Commercial Risks UK Ltd. and its managing general agent, Troon Underwriting, marking the sixth acquisition for the company this year.
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October 05, 2026
An architect and engineering company embroiled in a row over a £113 million ($150 million) construction bill have separately denied they must pay out to help rebuild blocks of flats with defective fire protections.
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October 05, 2026
Reinsurers cannot refuse multibillion-dollar claims for planes stranded in Russia on the basis that they're not covered by reinsurance policies arranged by airlines, a group of lessors told the opening of trial Monday.
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October 05, 2026
British investment company Kelso said Monday it has upped its stake in over-50s company Saga after the travel and insurance company announced it had doubled its profit and reduced its debt.
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October 02, 2026
A Saudi airline has settled its claim for $97 million in insurance proceeds against several aircraft leasing companies following the destruction of its leased plane in Sudan, according to a newly public order by a London judge.
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October 02, 2026
Insurance giant Aviva PLC said Friday that reforms proposed by Ofcom to prevent online fraud must introduce broader changes to advertising rules, including mandatory verification of financial services advertisers.
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October 02, 2026
The past week in London has seen former West Ham United co-chair David Sullivan file a defamation claim against the BBC, British rock band Oasis sue its former sound engineer to halt an auction of recordings, and Home REIT sued by its shareholders for misleading statements about the company's portfolio.
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October 02, 2026
Two homeowners have sued Gunnercooke LLP for £170,000 ($225,195), accusing the law firm of costing them the chance to recover more for property damage by letting an agreement protecting their claim against an insurer expire.
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October 02, 2026
Regulatory burdens remain a persistent concern for the U.K.'s financial services firms, the Financial Conduct Authority warned Friday, with companies questioning whether its streamlining efforts really are driving tangible reductions in costs and administrative work.
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October 02, 2026
Capita PLC said Friday that it will "engage fully" with the National Audit Office after the parliamentary body launched an investigation into the outsourcing giant's administration of the Civil Service Pension Plan, which has come under fire.
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October 02, 2026
Aviva has taken on £1.7 million ($2.2 million) in retirement saving liabilities from a pension plan sponsored by automated business software company Cognitronics in a deal steered by Wrigleys Solicitors, advisers on the transaction have said.
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October 01, 2026
The U.K. arm of European insurer Wakam said Thursday it is unaffected by an underwriting ban slapped on its parent company by French regulators.
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October 01, 2026
A group of businesses including a beauty salon and an architectural design brand have sued Ageas Insurance after the insurer refused payouts linked to the COVID-19 pandemic.