Popular, Insurance Industry, UK

A Deep Dive Into Intermediary Remuneration as the UK Supreme Court Considers Its Legality

Skadden, Arps, Slate, Meagher & Flom LLP on 5/22/2025

Is payment to an intermediary, not by its client but by the financial service provider, an illegal inducement or a legitimate distribution cost? In Hopcraft, the UK Supreme Court will consider this perennial question. The...more

UK Prudential Regulation Authority Implements Solvency II Matching Adjustment Reforms

Morgan Lewis on 7/15/2024

PS10/24, implementing reforms to the UK’s Solvency II regime for matching adjustment portfolios, came into force on June 30, 2024. The reforms aim to increase investment flexibility and provide a wider range of options for...more

2024 J.S. Held Global Risk Report: New Laws Addressing the Risks and Rewards of Artificial Intelligence (AI)

J.S. Held on 2/15/2024

The race to develop AI and calls to regulate it are heating up around the world. In November 2023, 28 countries, including the United States, United Kingdom, China, and the European Union, met and pledged to work together to...more

UK Insurance Horizon Scanner - January and February 2024

Hogan Lovells on 1/3/2024

A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next few months....more

Lessons for the Insurance Sector From the Credit Suisse Sale

Skadden, Arps, Slate, Meagher & Flom LLP on 4/3/2023

UBS’ acquisition of Credit Suisse sent waves across the global markets and raises questions about possible impacts on the availability of regulatory capital in the insurance sector....more

The Cybersecurity Insurance Market: What to Expect in 2023

Ankura on 3/20/2023

In recent years, especially through 2019 and 2020, the cyber insurance market in the U.S. has seen significant growth. Middle-market companies have been actively requesting cyber insurance policies with low rates and broad...more

Proposed $30 Billion Merger Between Aon And Willis Towers Watson Collapses Under Increased Pressure From The Department Of Justice

Vinson & Elkins LLP on 8/5/2021

On July 26, 2021, Aon PLC (“Aon”) and Willis Towers Watson PLC (“WTW”) announced the termination of a $30 billion proposed merger, citing an “impasse” with the Antitrust Division of the U.S. Department of Justice (“DOJ”). The...more

Alert: Brexit Readiness: Possible Key Impacts of the Conclusion of the Transition Period on 31 December 2020

Cooley LLP on 12/4/2020

On 31 January 2020, the UK left the European Union and entered a transition period that is due to end at 11:00 pm GMT on 31 December 2020. At this point, it is still uncertain whether a new EU/UK deal will be reached. To...more

Privacy & Cybersecurity Update - July 2020

Skadden, Arps, Slate, Meagher & Flom LLP on 8/6/2020

In this month's edition, we examine the Court of Justice of the European Union's decision invalidating the EU-U.S. Privacy Shield framework, as well as the U.S. government's response to the decision. We also examine two...more

Financial Daily Dose 1.10.2020 | Top Story: Ransomware Attack on Travelex Sows Chaos Across Foreign Exchange Sector

Robins Kaplan LLP on 1/10/2020

Hackers who targeted airport currency exchange mainstay Travelex in a ransomware attack on New Year’s Eve have alerted British media that they possess 5 GB of sensitive customer data from the company “since gaining access to...more

Opportunities and Challenges for Private Equity Investment in the Insurance Sector

Latham & Watkins LLP on 11/30/2018

Recent private equity investments in high-profile deals, such as Bain Capital’s acquisition of esure and Apollo’s acquisition of Aspen Insurance, have brought European insurance sector deal values to record highs. Regulatory...more

Key Regulatory Topics: Weekly Update 10 August 2018 – 16 August 2018

A&O Shearman on 8/30/2018

BREXIT - Please see the ‘Other Developments’ section for an update on the minutes of the meeting between the Governor of the BoE and the Chancellor of the Exchequer on the June Financial Stability Report....more

Allen & Overy's weekly update on Key Regulatory Topics 13 July - 19 July 2018

A&O Shearman on 7/24/2018

BREXIT - FCA speech and new webpage on approach to Brexit - On 19 July, the FCA published a speech given by Nausicaa Delfas, FCA Executive Director of International, on the FCA's approach to Brexit. ...more

Allen & Overy's weekly update on Key Regulatory Topics - 4 May 2018 – 10 May 2018

A&O Shearman on 5/16/2018

BREXIT - UK Government response to HoL EU Committee report on Brexit and future of financial regulation and supervision - On 9 May, the UK Government published its response to the HoL EU Sub-Committee on Financial...more

Expect the Unexpected: The Year Ahead for the Financial Institutions Sector

Hogan Lovells on 1/13/2017

With contributors across the sector and the globe, we've compiled a review of some of the developments that will affect financial institutions in 2017 and beyond. The one thing that 2016 taught us was to expect the...more

Brexit’s Impact on the Insurance Industry

Carlton Fields on 10/26/2016

Following the UK’s historic advisory vote to leave the EU, key questions must be answered before any real change occurs. These include: Must the government implement the advisory vote, and if so, how? Will the UK...more

FCA Says Big Data Use by Insurers Generally Working Fine—Data Protection Concerns Flagged

Pillsbury - Global Sourcing Practice on 9/28/2016

The UK’s financial services regulator, the Financial Conduct Authority (FCA), has recently published summaries of the responses it received to a Call for Inputs (CfI) on the use of big data in the retail general insurance...more

Rules of the (International) Road, Brexit, PPP as a New Tool for Argentina, and Keeping Non-U.S. Companies Safe from Suit (Expect...

Carlton Fields on 8/26/2016

- Post-Daimler: Are Non-U.S. Companies Safe from Suit in U.S. Courts? What if the Non-U.S. Parent Registers to Do Business in a State? - Rules of the (International) Road: Choosing and Appointing a Distributor ...more

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