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Weekly briefing: PRA SS4/25 on climate risk finalised; Court of Appeal upholds 'pay first' clause; key consultations and practice note updates — 4 December 2025

Published on: 04 December 2025

Published by a LexisNexis Insurance & Reinsurance expert
Legal News
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Article summary

Insurance & Reinsurance weekly highlights—4 December 2025

In this issue:

  • UK Regulation
  • Cases tracker
  • Dates for your diary
  • New and updated content
  • Daily and weekly news alerts
  • LexTalk®Insurance: a Lexis®Nexis community

UK Regulation

PRA publishes final policy on firms’ approach to managing climate-related risks

The Prudential Regulation Authority (PRA) has issued supervisory statement SS4/25, outlining its expectations for how firms manage climate-related risks. The objective is to ensure firms develop the capability and resilience required to address these exposures effectively. SS4/25 forms part of policy statement PS25/25, which reports on feedback to consultation paper CP10/25, Enhancing banks’ and insurers’ approaches to managing climate-related risks—Update to SS3/19. See: PS25/25—Enhancing banks’ and insurers’ approaches to managing climate-related risks—Update to SS3/19. See: SS4/25—Enhancing banks’ and insurers’ approaches to managing climate-related risks.

Cases tracker

Recent decisions

  • Court: Ch
  • Case name: Dewji v Prudential International Assurance Plc [2025] EWHC 2988 (Ch)
  • Subject: Contract—Damages for breach—Limitation of action
  • Details: The Chancery Division allowed an appeal by Prudential International Assurance plc against an order of Mr Recorder Kelly KC that had rejected Prudential’s strike out/summary judgment bid. The proceedings concerned a claim by the respondent, Mr...

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