United Kingdom: Insurance

The transactional risk market entered 2026 from a position of strength. Even against a backdrop of uneven deal volume, persistent macroeconomic uncertainty and geopolitical volatility...

A&O Shearman advises Aegon on the approximately GBP2bn sale of its UK business to Standard Life, creating the UK's largest retirement savings and income business serving 16 million customers. The transaction includes GBP750 million in cash and a 15% equity stake in the combined entity, marking a strategic milestone in Aegon's transformation into a leading U.S. life insurance and retirement group.

Further to our previous update on the Russian aircraft policy claims, the Court of Appeal has now issued its decisions on the permission to appeal applications brought by a number of War Risks insurers.

Commercial analysis: In MS Amlin Marine NV (on behalf of MS Amlin Syndicate AML/2001) v King Trader Ltd & others, the Court of Appeal dismissed the owner's and P&I club's appeal...

On 15 January 2026, the Prudential Regulation Authority ("PRA") published its annual letter setting out supervisory priorities for the UK insurance sector for the year ahead.

With the PRA having just announced its supervisory priorities for 2026, it is timely to give an overview of the evolving regulatory landscape for the UK insurance sector.