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Contract Terms United Kingdom Insurance Regulations

Mayer Brown

The PRA's Letter to Chief Risk Officers on Solvency-triggered Termination Rights

Mayer Brown on

The Prudential Regulation Authority ("PRA") has issued a letter, dated 4 July 2025, to Chief Risk Officers of life insurers active in the bulk purchase annuity ("BPA") market. The letter focusses on the use of so-called...more

Hogan Lovells

UK VAT on insurance intermediary services – exemption expanded?

Hogan Lovells on

The Court of Appeal (CA) in WTGIL Ltd v HMRC [2025] EWCA Civ 399 considered the scope of the VAT exemption for services supplied by insurance intermediaries. The case concerned motor insurance for young drivers which required...more

Hogan Lovells

UK: A pretty clean bill of health for the London Wholesale Broker Market

Hogan Lovells on

FCA publishes its Final Report for Wholesale Insurance Broker Market Study - The FCA has published today its final Report in respect of its Market Study of the wholesale insurance broker market....more

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