UK insurance distribution regime

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£1.9bn Jaguar cyberattack UK's 'most economically damaging'

Law360, London: The cyberattack that hit car manufacturer Jaguar Land Rover (JLR) in August 2025 triggered a ripple effect that cost the UK an estimated £1.9bn due to disrupted supply chains, the Cyber Monitoring Centre (CMC) said on 22 October 2025, making it the 'most economically damaging' digital incident to ever affect Britain.

Equitas loses £3.8m dispute over RSA asbestos settlements

Law360, London: A High Court judge ruled on 21 October 2025 that London-based reinsurer Equitas Insurance Ltd wrongly refused to pay out over asbestos-related claims to three RSA Insurance Group companies in a £3.8m dispute.

FCA chief warns of UK cyber-insurance protection gap

Law360, London: The head of the Financial Conduct Authority (FCA) has warned that UK businesses are woefully under-insured against the risk of a massive cyberattack.

Insurance & Reinsurance weekly highlights—23 October 2025

This week's edition of Insurance weekly highlights includes: Managed Legal Solutions Ltd v Hanison (trading as Fortitude Law); QXK v Bair; Royal & Sun Alliance Insurance Ltd (formerly Royal & Sun Alliance Insurance Plc) v Equitas Insurance Ltd; Reinsurers deny liability to Chubb over bill for aircraft loss; Insurers likely to face up to US$600m bill from First Brands; FCA publishes general insurance value measures data for 2024; London insurers push for growth-friendly regulation; PRA publishes consultation and final rules on low impact amendments to its rules and policy plus key cases and dates for your diary.

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Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

What is the difference between an appeal and a review?

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Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Contributory negligence in personal injury claims

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Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

Late payment penalties—inheritance tax

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Contributory negligence in personal injury claims

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a