A ruling by Britain's highest court that allows insurers to cut payouts for claims based on COVID-19 furlough payments could affect how other types of government financial support will work in the future, lawyers say.
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.
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.
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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.
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A ruling by Britain's highest court that allows insurers to cut payouts for claims based on COVID-19 furlough payments could affect how other types of government financial support will work in the future, lawyers say.
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.
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.
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.
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May 07, 2026
Policymakers should bring together a representative group of citizens to form a range of ideas and proposals to help Britain avoid its looming pensions crisis, a cross-industry group has said in a report.
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May 07, 2026
The Financial Conduct Authority set out new guidance on Thursday on tough rules that have come into force requiring payment and electronic money institutions to safeguard customer money better.
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May 07, 2026
Insurance giant Hiscox said Thursday that its London market unit has received its first claims from the conflict in the Middle East, although it expects losses to be manageable.
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May 07, 2026
Laka Ltd. has acquired the bike insurance business of U.K. specialist VeloLife in its fourth takeover since 2023, as the London-based mobility insurer steps up efforts to consolidate Europe's fragmented micromobility sector.
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May 07, 2026
Broadstone launched a new service on Thursday to advise trustees and corporate sponsors of defined benefit pension plans tied to legacy insured contracts on how to manage their increasingly complex and costly arrangements.
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May 07, 2026
Global funding for insurance technology companies remained steady at $1.63 billion in the first three months of this year, Gallagher Re said Thursday, while almost all of that investment went to companies focused on artificial intelligence.
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May 06, 2026
National law firm HF said it has acquired healthcare specialist Hempsons in a move the firm said would help it expand into new practice areas.
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May 06, 2026
Retirement savings adviser Isio said Wednesday it will acquire London-based financial technology business Collidr for an undisclosed sum, pending clearance from the Financial Conduct Authority.
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May 06, 2026
Britain's pensions arbitration body has said it will expand its frontline casework teams by a fifth this financial year after improved performance results led to additional government funding.
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May 06, 2026
A trade body for financial institutions in Europe has warned lawmakers that European Union-wide rules on shareholders' rights fail to provide a single definition of shareholders, which could leave some deprived of their rights.
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May 06, 2026
Businesses that offload pension liabilities to an insurance company often see a significant boost to their share prices, according to an analysis released by a broker on Wednesday.
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May 06, 2026
Nordic insurance group Sampo said Wednesday that it will return €350 million ($412 million) to its shareholders in its latest share buyback program to reduce the number of its shares in the market.
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May 06, 2026
The adoption of digital and artificial intelligence tools in the construction and infrastructure sector is increasing the risk of cyberattacks on companies in the industry, insurer QBE said Wednesday.
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May 06, 2026
U.K. home insurers paid out £846 million ($1.2 billion) in claims during the first quarter of 2026, as rising repair costs and weather-linked damage nudged average outlays to record levels, the insurance industry's main trade body said Wednesday.
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May 06, 2026
The U.K. retirement watchdog said Wednesday that pension bosses must now focus on their endgame plans, as it revealed that nine in 10 workplace benefit plans are now fully funded.
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May 06, 2026
The Financial Conduct Authority said Wednesday that it is launching a review of the claims management market, following concerns that some companies and law firms are failing consumers.
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May 05, 2026
Insurance giant Aviva has acquired specialist business DisasterCare Group, which connects insurers and customers with local disaster recovery and restoration suppliers.
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May 05, 2026
Anthropic has launched a global services company with Blackstone, Goldman Sachs and Hellman & Friedman to help banks and other businesses, including in the U.K., invest in an artificial intelligence technology that Anthropic says has identified widespread cyber vulnerabilities.
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May 05, 2026
Insurance broker WTW said Tuesday it has completed its acquisition of Cushon, a workplace pension and savings provider, from NatWest Group after getting the thumbs-up from the Financial Conduct Authority.
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May 05, 2026
Arc Pensions Law said Tuesday it has hired lawyer Matthew Swynnerton, a partner at DLA Piper and the chair of the Association of Pension Lawyers.
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May 05, 2026
Businesses could see rapid changes to their insurance as underwriters react to the wider economic effects of the war in the Middle East, an insurance broker warned Tuesday.
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May 05, 2026
The European Union financial markets watchdog has launched proposals to simplify reporting on funds and broader transactions by slashing the regulatory burden on both businesses and national regulators.
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May 05, 2026
More than 2 million motor insurance policyholders in Ireland will see much greater transparency on how their premiums are calculated after leading insurance bodies started implementing a new code designed to boost clarity, the Irish government has said.
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May 05, 2026
Bakkavor Foods Ltd. has completed a £160 million ($217 million) full scheme buy-in with its pension program, securing the retirement benefits of the plan's 2,216 members, U.K. pensions insurer Rothesay said Tuesday.
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May 01, 2026
An aircraft leasing company has settled its $40.5 million claim against insurer AXA for aircraft currently stranded in Russia since the beginning of the war in Ukraine.