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Insurance UK
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March 17, 2026
PE Firm Can't Get Early Win In £50M Software Biz Buyout Case
A private equity firm has lost its bid for an early win in its £50 million ($66.7 million) claim that the previous owner of a software business it acquired breached warranties by incorrectly stating that the company had necessary software licenses.
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March 17, 2026
TPR Calls On DC Programs To Consolidate Amid 15% Decline
Britain's pensions regulator urged defined contribution pension programs on Tuesday to consider consolidating after new data showed a sharp drop in the number of schemes and continued dominance by master trusts.
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March 17, 2026
FCA Prioritizes Car Finance Provider Cooperation On Redress
The Financial Conduct Authority released Tuesday its regulatory priorities for consumer finance providers in a report, calling on boards and chief executives of motor finance businesses to work constructively with the regulator on redress.
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March 17, 2026
Seventeen Group Snaps Up 2 Insurance Brokers
Insurance and risk management company Seventeen Group said Tuesday it has bought two insurance brokers to expand its U.K. retail division, adding £12 million ($16 million) in gross written premiums to the business.
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March 17, 2026
London Insurance Market Faces Iran War Risk, Fitch Says
The London insurance market could bear the brunt of marine and aviation claims from the war in Iran, a ratings agency said.
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March 17, 2026
Swiss Re Strikes $2B Longevity Deal With US Insurer Athene
European insurance giant Swiss Re said Tuesday it has inked a $2 billion longevity reinsurance deal with U.S. annuities provider Athene.
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March 17, 2026
Pension Group Formed To Raise Trustee Investing Standards
The government has revealed that a new working group has been set up to develop statutory guidance to support retirement scheme trustees in their investment decision-making.
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March 16, 2026
Reinsurers Bid To Prune Chubb, Fidelis Russia Aircraft Claims
Reinsurers including AIG and AXA asked a London judge on Monday to trim Chubb and Fidelis' claims to cover their liability to aircraft lessors for planes stranded in Russia after the invasion of Ukraine, saying they should have brought their claims via subrogation.
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March 16, 2026
Insurers Refuse To Cover Solicitors' Debt In £1M Payment Row
The insurer of an insolvent solicitors' firm has said exclusions in the pair's policy means it does not have to pay more than £1 million ($1.33 million) to a legal expense insurance company over allegedly missed payments linked to after-the-event litigation policies.
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March 16, 2026
Gov't Warned Against Mirroring Australian Pensions System
The government should think twice before trying to replicate the Australian model of pension funds investing heavily in domestic assets without allowing the market to develop, a report published Monday found.
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March 16, 2026
FCA Proposes Major Overhaul Of Redress System
The Financial Conduct Authority and the Financial Ombudsman Service set out landmark reforms to the U.K. financial services redress system on Monday, in line with a government commitment to introduce new legislation.
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March 16, 2026
UK Watchdog Publishes Flexible Governance Reporting Guide
The Financial Reporting Council on Monday urged companies to improve the quality of explanations they provide under U.K. Corporate Governance Code provisions, warning that rigid compliance and boilerplate disclosures risk undermining effective governance.
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March 16, 2026
Insurers Beat AmTrust's £59M Claim Over Legal Funding Fail
AmTrust failed in its bid to hold an insurer of two defunct law firms liable for £59 million ($78 million) in defaulted loans after a court ruled Monday that the losses incurred in claimant cases were not covered by the firms' insurance policies.
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March 16, 2026
'Deep Unease' On Gov't Pension Investment Plans, ABI Says
There is "deep unease" about government plans to mandate pension funds to make certain investments, the Association of British Insurers has said, pointing to research that reveals that an overwhelming majority of savers are opposed to interference from Whitehall.
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March 13, 2026
How The Iran War Has Snarled Global Oil & Gas Shipping
The Iran war has effectively closed a key global shipping lane for oil and gas, and the resulting logjam is causing major headaches for companies responsible for transporting oil and gas from the Middle East to global markets.
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March 13, 2026
UK Litigation Roundup: Here's What You Missed In London
In London, Estée Lauder accused Jo Malone's founder of intellectual property infringement, the wife of an Iranian businessman linked to a £75 million fraud sued several Iranian oil companies, HSBC sued U.S. property tycoon Michael Fuchs, and Charles Russell Speechlys brought a claim against a United Arab Emirates company it once represented in an international arbitration.
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March 13, 2026
Lords Defy Gov't In Vote To Raise Salary Sacrifice Cap To £5K
The House of Lords has voted to raise a planned cap on tax-free pension salary sacrifice from £2,000 ($2,600) to £5,000, pushing back against the government's attempt to tackle £70 billion of the proposed arrangements.
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March 13, 2026
Allianz Uncovered Record Levels Of Insurance Fraud In 2025
Allianz UK has said it detected £174 million ($231 million) worth of insurance fraud in 2025 — 10.5% more than in 2024, its previous record year, as criminals changed their tactics.
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March 13, 2026
Industry Backs Gov't Plan To Limit Pension Investment Power
The British government's move to limit a controversial measure designed to mandate pension funds to make certain investments is a "positive step," pensions trade groups have said.
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March 13, 2026
FCA Sees Banks, Insurers Liaising Poorly With Consumers
The Financial Conduct Authority said Friday in a review that some banks, insurers and others used overlong documents to inform customers, pointing out Consumer Duty expectations.
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March 13, 2026
Impact Of Iran War Manageable So Far For Global Reinsurers
The impact of the war in the Middle East is limited so far for global reinsurers, a ratings agency has said, but it warned that this could change if the conflict drags on.
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March 13, 2026
M&A Surges 14% In European Insurance Sector In 2025
Mergers and acquisitions in the European insurance sector reached a record high in 2025, driven by private equity-backed consolidators and rising interest in specialty insurers, according to FTI Consulting Inc.
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March 12, 2026
UK Personal Pension Transfer System 'Not Fit For Purpose'
Policymakers should slash the statutory deadline for pension transfers from six months to 30 working days, a group of digital retirement savings platforms said Thursday, as they proposed several changes to a system they described as "not fit for purpose."
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March 12, 2026
EU Watchdog Reveals Plans To Boost Investing, Supervision
The European Union's financial markets watchdog set out plans on Thursday to simplify retail investing, having found that consumers mistrust markets because of conflicts of interest, high fees and insufficient enforcement against scams.
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March 12, 2026
Barnett Waddingham, Insurer PIC Expand Partnership
Consulting and administration firm Barnett Waddingham said Thursday it has extended its partnership with specialist coverage firm Pension Insurance Corp. by taking on full administration services for two defined benefit pension schemes progressing toward full buyout.
New Fraud Unit Faces Hurdles To Take On Overseas Scams
A new anti-fraud unit built to disrupt the growing threat to national security posed by online scammers fills gaps left in the enforcement landscape, lawyers say — although there are hurdles for prosecution of suspects, particularly when many scams originate thousands of miles away.
FCA Rebalances Insurance Priorities With Fewer Rules
The Financial Conduct Authority has said it will attempt to avoid creating new rules for the insurance sector to cut regulatory red tape and help business, raising concerns that the watchdog is softening its commitment to protect consumers.
UK Insurers Hold Cover For Persian Gulf Shipping, At A Price
Insurers in the specialist London market continue to provide insurance for high-risk shipping in the Persian Gulf despite the intensifying war with Iran, market experts say, but the price of cover has soared to eye-watering levels.
FCA Tests Global Reach In HTX Crypto-Exchange Litigation
The landmark legal case brought by the Financial Conduct Authority against HTX, which the regulator says has promoted crypto-asset services to U.K. consumers without authorization, will be a litmus test, establishing whether it has the teeth for enforcement against overseas crypto-exchanges, lawyers say.
New Fraud Unit Faces Hurdles To Take On Overseas Scams
A new anti-fraud unit built to disrupt the growing threat to national security posed by online scammers fills gaps left in the enforcement landscape, lawyers say — although there are hurdles for prosecution of suspects, particularly when many scams originate thousands of miles away.
FCA Rebalances Insurance Priorities With Fewer Rules
The Financial Conduct Authority has said it will attempt to avoid creating new rules for the insurance sector to cut regulatory red tape and help business, raising concerns that the watchdog is softening its commitment to protect consumers.
UK Insurers Hold Cover For Persian Gulf Shipping, At A Price
Insurers in the specialist London market continue to provide insurance for high-risk shipping in the Persian Gulf despite the intensifying war with Iran, market experts say, but the price of cover has soared to eye-watering levels.
FCA Tests Global Reach In HTX Crypto-Exchange Litigation
The landmark legal case brought by the Financial Conduct Authority against HTX, which the regulator says has promoted crypto-asset services to U.K. consumers without authorization, will be a litmus test, establishing whether it has the teeth for enforcement against overseas crypto-exchanges, lawyers say.
Editor's Picks
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.