Law360: The nonprofit body that protects people from uninsured hit-and-run drivers urged Britons on 2 July 2024 to check their vehicle insurance status, as a recent YouGov poll revealed 10% of respondents appeared to be unaware that such insurance is compulsory.

Law360, London: Aon said on 6 August 2025 looming threats to the global economy from further geopolitical instability and major cyberattacks could soon mean a major shift in the underwriting market.

Law360: A London judge has dismissed an investment advisory firm's application to collect £2.6m from its insurance broker for problems that allegedly nullified the foundry's coverage for an industrial site.

Law360: The UK is likely to see £80bn in deals involving pension schemes off-loading their liabilities to insurers in 2024, a broker predicted on 22 January 2024, saying improved retirement savings funding may make it another record year.

Law360: Increasingly demanding regulation from the Financial Conduct Authority (FCA) is hampering insurance brokers and unnecessarily overlaps with preexisting practices the industry already follows, a trade body for the sector has said.

Law360, London: A trade body for insurance brokers has called for a regulatory overhaul to reduce the burden on the sector and bolster international competitiveness.

Law360, London: Insurance brokers could be next to come under the Financial Conduct Authority (FCA)'s microscope over how commission arrangements are structured, Kova Professions has warned.

Law360, London: UK insurance brokers could be in line for tax refunds from the state worth up to £400m after a landmark court case, according to accountancy MHA.

Law360, London: The Financial Conduct Authority (FCA) should exclude bigger businesses from the scope of consumer protection regulations, in order to boost the competitiveness of the UK insurance sector, a trade body said.

Insurance & Reinsurance analysis: Brokers and agents are not guaranteed exclusion from liability for premium by any automatic principle of agency common law. The extent of liability for premium will be defined by contract, as set out in the terms of business agreements (TOBAs) and binding authorities with each insurer. Chris Burr, from Broad Reach Partnership Ltd explains.

Consistent with the common law of contract, an insurer is not able to transfer the burden of its obligations under a contract of insurance without the consent of the policyholder. A novation agreement between the original insurer, the policyholder and the substitute insurer is, as a general rule, required to effect such a transfer. As an exception to this rule, an insurance business transfer scheme under Part VII of the Financial Services and Markets Act 2000 (FSMA 2000) provides a process by which an insurer may transfer the whole or part of its business, subject to certain conditions, without obtaining the consent of individual policyholders. The UK has had a regime for transferring portfolios of business for some time. Earlier procedures under the Insurance Companies Act 1982 differed in the case of long-term insurance (essentially life, annuity, permanent health and pension business) and general insurance business. In the former case, a court application was required, whereas for general insurance, only the approval of the regulator was needed. In either case, a difficulty

This Practice Note provides an overview of insurance clauses in commercial agreements. It covers various types of insurance policies used in these agreements as well as the key elements of insurance clauses and covenants. This Practice Note is not designed to explain the law of insurance. In this respect, see Insurance contracts—overview. This Practice Note also does not consider the many alternative methods of obtaining security in respect of contractual liabilities beyond procuring insurance. However, given the potential limitations in the cover that insurance might provide, the parties may find that other options are better suited to their particular circumstances, including for example obligations of surety such as guarantees provided by a group and/or parent company or performance or guarantee bonds. See Types of security—overview for further information. Role of insurance clauses in commercial agreements The fundamental purpose of a commercial contract is to allocate the risk and benefit of the relevant transaction between the parties. Risk can be allocated in many ways but an obvious example is through indemnity provisions,