Barnaby Hinnigan

Jan 21, 2025 | herbertsmithfreehills.com | Grant Murtagh |Alison Matthews |Barnaby Hinnigan |Geoffrey Maddock

The Labour Government has laid out an ambitious plan for the insurance industry as part of its broader financial services strategy. In her first Mansion House speech, Rachel Reeves identified the insurance and reinsurance sector as one of five "priority growth opportunities" for the government and a key focus of its Financial Services Growth & Competitiveness Strategy, which will be released this spring.

Jan 16, 2024 | mondaq.com | Geoffrey Maddock |Barnaby Hinnigan |Grant Murtagh |Alison Matthews

Our latest annual assessment of the UK insurance regulatory landscape reflects the huge amount of regulatory change that has occurred over the last 12 months and that is set to continue in 2024. Milestones reached in 2023 included the first deadline for implementing the FCA's new Consumer Duty and the passing of the Financial Services and Markets Act 2023, laying the foundations for the introduction of a new UK Solvency II regime.

Jan 4, 2024 | mondaq.com | Barnaby Hinnigan |Erica MacDonald |Gavin Williams

The government has made new regulations to update the exemptions in the Financial Promotions Order (2005) (the FPO) relating to high net worth individuals and sophisticated investors. This forms part of a wider initiative by HM Treasury and the FCA to reform and update the UK's financial promotions regime under section 21 of the Financial Services and Markets Act 2000, and follows an earlier consultation and response published by HM Treasury.

Oct 19, 2023 | mondaq.com | Geoffrey Maddock |Barnaby Hinnigan |Grant Murtagh |Alison Matthews

The PRA's latest consultation on reforming the UK's insurance regulatory regime proposes a number of changes to the matching adjustment rules. This is the second PRA consultation to follow the UK Government's Solvency II review, which confirmed that the post-Brexit Solvency II framework should be better aligned to the structural features of the UK insurance sector. The changes should also support the Government's aim of encouraging insurers to provide more long term capital to the UK economy.

Sep 18, 2023 | herbertsmithfreehills.com | Barnaby Hinnigan

Atlanta manages c.£1 billion of gross written premium (GWP) on behalf of 2.6 million customers in the UK. It distributes a broad suite of products through household insurance brands including Swinton, van specialist Autonet and motorcycle experts Carole Nash. Ardonagh is the UK's largest independent insurance distribution platform and a top 20 broker globally.