ANV Group completes acquisition of Assured Underwriting Group
ANV Group Holdings completes its acquisition of Assured Underwriting Group, a specialist MGA serving tour operators across the UK and Europe
🇬🇧 UK Insurance News
Latest insurance news from UK insurers and regulators. Explore auto, home, life, P&C, pet and health insurance, including insurance rates, insights, trends, and breaking insurance news from the United Kingdom.
British Airways BA295 returns to Heathrow after emergency over Ireland
British Airways flight BA295 to Chicago returned to Heathrow after declaring an emergency over Ireland and descending from 37,000 feet to 9,000 feet
UK electric vehicle (EV) registrations hit record through 2026
UK battery EV registrations rose 36.3% to 99,199 in September, taking 28.3% of the new car market as total registrations reached 350,518
UK urged to act over prediction market Polymarket bets on HSBC and Lloyds failure
UK authorities face calls to act after Polymarket drew $77,507 in positions on whether major banks including HSBC and Lloyds will fail in 2026
UK gang jailed over £30 mn cash smuggling operation to Dubai
Members of a UK criminal gang have been jailed for smuggling almost £30 mn in cash to Dubai through Manchester, Birmingham and Brussels airports
FintechZoom.com Markets World Indices: Nasdaq leads global rebound
FintechZoom.com Markets World Indices track gains in the S&P 500, Nasdaq and European stocks as weak US jobs data shifts rate expectations
DriveWealth breach exposes data of Revolut trading customers
DriveWealth disclosed a September breach exposing personal data of some Revolut customers who used its US stock trading infrastructure
Zurich completes £8.1 bn acquisition of Lloyd’s insurer Beazley
Zurich Insurance Group completes its £8.1 bn acquisition of Lloyd’s insurer Beazley, creating what it says is the world’s largest specialty insurer
KPMG research finds 77% of insurers fear AI inaction will hurt competitiveness
KPMG research finds 77% of insurers fear AI inaction will hurt competitiveness, while most spending still targets routine work and efficiency
92% of insurers use AI to cut costs, but only 25% target growth – KPMG
KPMG finds 92% of insurers use AI to improve productivity and cut costs, while only 25% apply it to new products, services and revenue growth
Lloyd’s Veterans Charity awards £850K to 9 groups supporting veterans’ mental health
Lloyd’s Veterans Charity awards £850,000 to nine organisations supporting veterans’ mental health and employment across the UK
ANV acquires Car Care Plan from AmTrust Financial Services
ANV Group completes its acquisition of UK vehicle warranty MGA Car Care Plan from AmTrust, adding operations across Europe, the US, Turkey and China
RAF Fairford terror probe puts UK terrorism insurance in focus
Five arrests near RAF Fairford put UK terrorism insurance in focus as police examine explosives, possible Iran links and risks to nearby businesses and property
Sprive raises £7.7 mn Series A to expand mortgage fintech app
Sprive raised £7.7 mn in Series A funding after reaching 567,000 users, £42 bn in supported mortgages and an annual revenue run rate above £18 mn
Truro Bonfire Night cancellation puts event insurance costs in focus
Truro cancelled its Bonfire Night for a second year as security, crowd controls and event costs made a 5,000-person fireworks display unaffordable
Connect Ventures raises $55 mn first close for $80 mn Fund V
Connect Ventures secured $55 mn for Fund V, targeting $80 mn to back European pre-seed startups across AI, infrastructure, robotics and biotech
AI targets London insurance costs as Lloyd’s expense ratio rises
AI is being applied to London insurance workflows as brokers and underwriters seek to reduce duplicated work and Lloyd’s 35.6% expense ratio
Admiral plans 500 UK insurance job cuts in £100 mn savings push
Admiral plans to cut about 500 UK insurance jobs, or 5% of its workforce, as the Cardiff insurer pursues £100m in annual cost savings
Specialty MGA Nirvana appoints Kevin Kettrick as Cyber Lead London
Nirvana names Kevin Kettrick as Cyber Lead London to expand its standalone cyber offering, starting with excess cover before adding a primary product
Sapiens appoints Nazir Esmail and Maggie Fox to leadership team
Sapiens names Nazir Esmail as Chief Autonomous Enterprise Officer and Maggie Fox as CMO as it expands AI, technology and marketing leadership
Severe Caribbean hurricanes rise 94% over the past decade – Atrium research
Atrium research finds Category 3-5 Caribbean hurricanes rose 94% in a decade, increasing property losses and insurance exposure across tourism markets
Sapiens launches AI-native platform for autonomous insurance workflows
Sapiens launches SapiensAIP, an AI-native insurance platform embedding agentic tools across policy, claims, billing and core system transformation
Lloyd’s posts 22% return on capital, pre-tax profit remains £10.7 bn
Lloyd’s reported a 22% return on capital and £10.6 bn pre-tax profit in 2025, while AM Best expects pricing pressure to lift the combined ratio in 2026
Association of British Insurers sets out cyber security controls for UK businesses
ABI guidance identifies cyber controls UK organisations should consider, including MFA, endpoint security, backups, monitoring and supply chain checks
UK commercial insurance adds £29 bn to economy, ABI says
UK commercial insurance contributes about £29 bn annually and supports over 300,000 jobs, according to a new ABI report
easyJet faces $72 mn lawsuit over six abandoned Airbus jets after Russia’s invasion
STLC Europe Eight is seeking at least $72 mn from easyJet over six Airbus aircraft grounded after Russia-related sanctions disrupted their leases
ABI publishes new guides for UK insurers on economic and domestic abuse
The ABI has published two guides to help UK insurers and pension firms support customers and employees affected by economic and domestic abuse
AI adoption exposes insurance gaps in digital health
Beazley’s 2026 Digital Health & Wellness report finds medical negligence remains the leading claims driver as AI creates multi-line insurance exposures
Aon launches Underwriting Analytics for insurers and reinsurers
Aon launched Underwriting Analytics within its Risk Analytics Platform to help insurers assess new risks against existing portfolio accumulations
UK mortgage lending rises as high-LTV share hits 18-year high
UK gross mortgage advances rose 11.1% in Q2 2026 to £77.4 bn, while lending above 90% LTV reached its highest share since 2008
Chartered Institute of Loss Adjusters appoints Melissa Cunningham as new President
CILA appointed Marsh’s Melissa Cunningham as its youngest President, with Sedgwick’s Aruna Chandrapalan elected Deputy President
Certua Life partners with Heka to offer Surely life insurance
Certua Life has partnered with employee benefits platform Heka to offer personalised individual life insurance through its Surely brand
Property catastrophe reinsurance prices fall at mid-year renewals
Property catastrophe reinsurance prices fell by double digits at June and July 2026 renewals as global reinsurer capital reached $790 bn
Starr and Goalhanger launch geopolitical risk series at Lloyd’s of London
Starr and Goalhanger will host The Risk Briefing at Lloyd’s, bringing political commentators and insurance executives together to discuss geopolitical risk
World Insurance Associates acquires Pellechio Family Agency
World Insurance Associates acquired New Jersey-based Pellechio Family Agency, expanding its commercial and personal insurance business
EQT to acquire majority stake in McGill and Partners for $2 bn
EQT X agreed to acquire a majority stake in McGill and Partners for $2 bn, with Warburg Pincus exiting and Steve McGill remaining CEO
Global cyber insurance rates fall globally
Swiss Re data shows global cyber insurance rates declined for a fourth consecutive year in 2026, though the pace of reduction slowed
Insurance AI adoption exposes verification gap, study finds
Insurance AI adoption is moving faster than verification controls as synthetic media raises fraud risks across claims and underwriting, research finds
Lloyd’s reports £3.5 bn profit as premiums rise in 1H 2026
Lloyd’s reported £34.7 bn of gross written premium and a 90.8% combined ratio in 1H 2026, with underwriting profit rising to £1.9 bn
Tokio Marine invests in insurtech Kita to expand carbon insurance business
Tokio Marine invested in UK carbon insurer Kita and expanded work on carbon credit insurance, satellite risk assessment and project services
Global P&C insurer RoAE rises to record 16.8% in 2025
Aon says global P&C insurers reached 16.8% RoAE in 2025, while premium growth slowed and performance gaps widened across the sector
AEGIS London and tech MGA Augentic launch Lloyd’s digital follow consortium
AEGIS London and Augentic launched a Lloyd’s digital follow consortium offering brokers capacity across Property, Casualty and Specialty risks
Allianz Commercial appoints Emma Woolley to lead global specialty and UK
Allianz Commercial named Emma Woolley President Global Specialty and UK Region, with responsibility for specialty lines and the UK insurance market
Global reinsurers post stronger 1H 2026 underwriting results
Global reinsurers improved underwriting profitability in 1H 2026 as catastrophe losses fell, though softer pricing drove non-life premiums down 6%
Reinsurers test pricing discipline as capital rises
AM Best says reinsurers face a 12-month test as record capital, strong earnings and rising competition push the market softer
Allianz buys HSBC Singapore insurance arm for $2.7 bn
Allianz will buy HSBC’s Singapore insurance unit for $2.7 bn and enter a 15-year distribution deal in the Asian wealth hub
IKEA customers in the UK get flexible home insurance through Urban Jungle
IKEA customers in the UK get flexible home insurance through Urban Jungle, with buildings, contents or combined cover arranged online in minutes
Chartered Institute of Loss Adjusters urges adjusters to submit fire and flood loss data
As the UK experiences one of its most severe wildfire seasons on record the Chartered Institute of Loss Adjusters (CILA) has called for loss adjusters to submit large loss data
Lloyd’s says ex-CEO John Neal breached compliance rules
Lloyd’s found former CEO John Neal breached compliance rules over an undisclosed close relationship and whistleblowing process failures
Xentra raises £2.7 mn from Maven VCTs and NPIF II for SME cyber services
Leeds-based Xentra secures £2.7 mn from Maven VCTs and NPIF II to expand cyber, safeguarding and regulatory services for SMEs
Lloyd’s backs new Hormuz marine war risk insurance consortium
Lloyd’s welcomes a Chubb-led marine war risk consortium offering extra hull, P&I and cargo capacity for Strait of Hormuz transit risks
AIoT tech Targa Telematics adds Agentic AI to fleet maintenance
Targa Telematics launches Maintenance Excellence to connect fleet data, automate maintenance workflows and reduce downtime for mobility operators
Lloyd’s List Intelligence launches vessel risk tool for underwriters
Lloyd’s List Intelligence adds Vessel Due Diligence to Seasearcher, giving marine underwriters and vessel vetters one platform for risk checks
Insurance M&A hit $29.6 bn across 191 disclosed deals, while AI began to reshape valuations
Insurance M&A reached $29.6 bn across 191 disclosed deals as AI starts to affect broker valuations, underwriting investment and capital strategy
Stoa raises £1.8 mn in pre-seed for cash management platform
UK FinTech Stoa secures €2.1 mn pre-seed funding to grow its cash management platform for deposits, merchants and banking partners
Luffy AI raises £8.1 mn in Series A to scale adaptive industrial AI
Oxfordshire startup Luffy AI secures Series A funding led by BGF to scale neuroplastic AI for real-time motor control and industrial systems
Osney Capital closes £60 mn UK cybersecurity seed fund
Osney Capital closed its £60mn debut fund, backing UK cybersecurity startups across AI security, supply-chain protection and cyber risk
UK regulator FCA urged to review AI models used for financial advice
UK regulator faces calls to review ChatGPT, Claude and Gemini as consumer use grows and AI concentration risks deepen
UK calls for global AI safeguards as security risks risev
Yvette Cooper seeks international AI safeguards amid warnings over cyberattacks, autonomous weapons, extremist chatbots and child sexual abuse
Nord Stream insurers avoid €580 mn claim under war exclusion
A London court ruled Nord Stream pipeline damage resulted from the war in Ukraine, removing a €580mn insurance claim against Lloyd’s and Arch
Global reinsurance under pricing pressure in 2026, while U.S. P&C insurance stays stable despite slower growth, softer underwriting profits and earnings
US home claim severity rose 25.9% in 2025 as wildfire losses, repair inflation and peril shifts reshaped insurer loss trends
Global insurance pricing fell 6% in Q2, led by a 12% property drop, as capital, lower reinsurance costs and competition favored buyers
Florida’s property insurance market showed its clearest improvement in a decade, with the state’s share of US homeowners claims falling to 4.9% and lawsuits dropping to 41.3%