Lloydâs announces 2025 Council election ballot for working members
Lloydâs launches a ballot for two working member seats on its Council after receiving three valid nominations for the 2025â2028 term starting February 1
đŹđ§ UK Insurance News
Willis appointed of three senior hires to its Direct and Facultative team in the UK
Willis, a WTW business, announced the appointment of three senior hires to its Direct and Facultative team in Great Britain
Fidelis Partnership launches Lloydâs Syndicate 2126 with $300 mn capacity
Fidelis Partnership and Blackstone launch Lloydâs Syndicate 2126 with $300 mn capacity, boosting TFPâs underwriting growth and London market presence
Mission Underwriters backs launch of Lumara Insurance in the UK
Mission Underwriters launches Lumara Insurance in the UK, offering combined business and motor trade cover for brokers under a single policy structure
UK Justice Ministry reviews whiplash reform impact on insurance costs
The UKâs Ministry of Justice reviews the whiplash reform to assess its effect on injury claims, insurer savings, and fairness for unrepresented claimants
Lloydâs kicked off 2025 reinsurance capacity auctions with a bang
Lloydâs of London kicked off its 2025 reinsurance capacity auctions with a bang. Trading in the first of three auctions hit ÂŁ86 mn
Aviva Ventures invests in Indico Data to push AI adoption in insurance
Aviva Ventures invests in Indico Data, boosting AI automation in insurance and expanding adoption across global carriers, including London Market leaders
Swiss Re pauses new life insurance deals in Australia as TPD claims soar
Swiss Re halts new business in Australia, citing unsustainable TPD insurance costs, with $1.43bn mental health claims in 2024 straining the financial system
Icen Risk enters U.S. M&A insurance market with $50 mn Zurich-backed capacity
Icen Risk expands into the U.S. M&A market with $50mn Zurich capacity, offering tax and warranty cover to private equity, funds, and corporates
Bishop Street Underwriters acquires UKâs Avid Insurance in RedBird-backed expansion
Bishop Street Underwriters buys Avid Insurance, strengthening its UK presence with new specialty lines and data-driven underwriting expertise
10 global banks explore joint stablecoin pegged to G7 currencies
Bank of America, Goldman Sachs, UBS, Deutsche Bank and others team up to test a G7-currency stablecoin, aiming to merge blockchain with traditional finance
Lloydâs and Ireland launch Irish insurtech accelerator cohort for 2026
Lloydâs and Irelandâs Department of Finance unveil an Irish-themed Lloydâs Lab cohort in 2026 to drive insurtech growth and showcase Irish expertise globally
Munich Re Specialty wins German approval, expands European and UK specialty push
Munich Re Specialty gains approval for German specialty market entry, adds surety to product lines, expands from UK, Ireland, and Spain operations
Lloydâs faces pricing pressure, higher entry standards, and $500m scale needs
TD Cowenâs London field trip highlights Lloydâs pricing strain, stricter syndicate entry, MGA caution, and rising capital thresholds for scale.
PERILS pegs Central Europe, Italy flood losses at âŹ2.15 bn in final report
PERILS sets final insured loss for Sept 2024 Central Europe and Italy floods at âŹ2.15bn, citing Austria, Czech Republic, and Poland as hardest hit
Acrisure London Wholesale forms broking partnership with Israelâs Madanes
Acrisure London Wholesale partners with Madanes, Israelâs largest broker, to provide Lloydâs and London market access for complex placements
Swiss Re projects GLP-1 drugs could cut US mortality 6.4% by 2045
Swiss Re research shows GLP-1 drugs may lower mortality in US and UK by 2045, but benefits hinge on uptake, adherence, and long-term lifestyle change
Earnix raises $290 mn to expand AI decisioning for insurers and banks
Earnix secures $290 mn from TPG GP Solutions, JVP, and others to fuel global growth of its Dynamic AI platform for pricing, underwriting, and risk decisioning
Apollo pushes âTurnkey Plusâ strategy, expands syndicate partnerships at Lloydâs
Apollo grows its Lloydâs platform with new syndicate partnerships, underwriting expertise, and a long-term âTurnkey Plusâ strategy for re/insurance partners
Ariel Re secures Lloydâs approval for new syndicate, splits business lines
Ariel Re gains Lloydâs approval for Syndicate 2006, expands into cyber, clean energy, marine, while Syndicate 1910 focuses on property catastrophe
Lloydâs results for H1 2025: premium increasing by 6.2% to ÂŁ32.5 bn
Lloydâs of London announced its results for the first six months of 2025 with gross written premium increasing to ÂŁ32.5bn (HY 2024: ÂŁ30.6bn) and a combined ratio of 92.5%
Lloydâs pushes Blueprint Two launch to 2028 as market frustration mounts
Lloydâs of London will delay its Blueprint Two re-platforming project until at least 2028, with market testing not expected before 2026
Lloydâs appoints Stephane Flaquet as Chief Operating Officer
Lloydâs has appointed Stephane Flaquet as its new chief operating officer, effective Sept. 1, pending regulatory approval. He will also join the executive leadership team
Global P&C insurance market remained stable, with ongoing competition in property lines
The global P&C insurance market remained stable, with ongoing competition in property lines and cautious underwriting in casualty segments
UK specialty insurers report improved regulator performance, survey finds
Specialty insurers and regulated firms in the UK market say financial regulators have made notable progress in performance between 2024 and 2025
PERILS expands severe convective storm loss in Europe, Japan, New Zealand
Reporting will apply to industry losses exceeding âŹ500mn in Europe, „100bn in Japan, and NZ$300mn in New Zealand. The scope includes both property and motor insurance lines
Avatar MGA launches with Lloydâs & FCA approval, backed by Santam and Lloydâs syndicates
Avatar MGA, a managing general agent specialising in US direct and facultative (D&F) property insurance, has secured approval as a Lloydâs coverholder and from the UK
UK plans Captive Insurance Framework by 2027 to strengthen market and support businesses
The United Kingdom government announced it is working on regulations to expand and support the captive insurance sector, aiming to implement the framework by mid-2027
European insurers face heavy losses after summer storms and heat
Western and central European insurers incurred several hundred mn ⏠in estimated losses after severe convective storms struck on June 30 and again on July 2â3
FCA tightens rules on misconduct in UK insurance and finance
The UKâs FCA announced it is updating rules to improve detection and response to bullying, harassment, violence, and other forms of nonfinancial misconduct at insurance
Ariel Re sponsored 5th catastrophe bond, Titania Re 2025-1, securing $150 mn
Global reinsurer Ariel Re sponsored its 5th catastrophe bond, Titania Re 2025-1, securing $150 mn of multi-peril retrocessional reinsurance protection over four years
UK insurtech COVR raised $2.5 mn in seed funding
COVR Global, a London-based insurtech startup, has raised $2.5 mn in seed funding to advance the development of its AI-powered claims decision engine
Clearspeed raised $60 mn in Series D to expand its AI-driven voice analytics
Insurtech Clearspeed has raised $60 mn in Series D funding to expand its AI-driven voice analytics technology for risk assessment across the insurance and national security sectors
UK High Court ruling in favour of aircraft lessors raises major risks for re/insurers
The High Court of Justice in London recently ruled in favour of aircraft lessors for the 2021 and 2022 underwriting years
Allianz UK to cut 650 jobs amid digital shift
Allianz UK will reduce its workforce by 650 positions across its operations in the United Kingdom as it adjusts to increased demand for digital services
UK insurance leaders call for industry-wide adoption of single data standard
A group of executives from U.K. insurance firms, trade bodies, and standard-setting organizations published an open letter urging the insurance industry and related sectors to adopt a single data standard
Swiss Re reported a net income of $1.3 bn and ROE of 22.4% for Q1 2025
Swiss Re reported a net income of USD1.3billion and a return on equity (ROE) of 22.4% for the first quarter of 2025
Markel acquires Marine MGA Meco Group, expanding global marine capabilities
Markel, the insurance division of Markel Group, has agreed to acquire Meco Group, a specialist marine managing general agent
Global insured losses could exceed $300 bn in a peak year – Swiss Re
Swiss Re warned that insured losses could exceed $300bn in a peak year, underscoring the essential role of the reinsurance sector, which holds $500bn in capital
Sapiens acquires AdvantageGo for ÂŁ43 mn to expand global P&C platform in the UK
Sapiens International Corporation, a global software provider for the insurance industry, has signed a definitive agreement to acquire AdvantageGo
Aegis, a Lloydâs underwriter, offers terrorism coverage for U.S. businesses
Aegis, a Lloyd’s underwriter, announced it has increased the capacity of its Shield terrorism risk program to $500 mn from $250 mn
PERILS released the Industry Exposure Database 2025
PERILS, the company providing industry-wide catastrophe insurance data, has released the PERILS Industry Exposure Database 2025
UK non-life insurance sector maintains stable outlook – AM Best
AM Best has reaffirmed a stable near-term outlook for the United Kingdomâs non-life insurance sector
Willis expanded CyXS Plus and CyXS Co cyber facility
Willis expanded its CyXS cyber facility, now offering $115mn of capacity through Lloyd’s syndicates and up to $40mn from insurers outside Lloyd’s
Insurtech Peak3 accelerates expansion in the UK & Europe after $35 mn Series A
Insurtech Peak3 is pushing forward with its expansion in the UK and Europe after raising $35 mn in a Series A funding round
Insurtech Kennedys IQ launches neuro-symbolic AI solution for insurance market
Insurtech Kennedys IQ, the technology division of Kennedys Law, launched Kennedys IQ SmartRisk, the first fully explainable neuro-symbolic AI risk analysis solution
Lloyd’s underwriter Chaucer announced “Smart” consortium
Lloyd’s underwriter Chaucer Group announced an international direct and facultative property “Smart” consortium using InsurX’s exchange technology
Lloydâs Syndicate 1699 increased loss to ÂŁ950 mn after exiting D&O business
Lloydâs Syndicate 1699 reported a larger loss in 2024 after exiting directors and officers (D&O) and transactional liability business due to market softening
Lloydâs reported a 6.5% increase in premiums written, raising to ÂŁ55.5bn
Lloydâs of London announces its full year 2024 financial result. 2024 saw the continuation of positive returns, with profit before tax of ÂŁ9.6bn
IK Partners acquires stake in Seventeen Group to expand UK insurance presence
Private equity firm IK Partners announced that one of its funds will acquire a minority stake in Seventeen Group, a London-based company
Swiss Re published its Annual Report and Sustainability Report
Swiss Re published its Annual Report 2024, Sustainability Report 2024 and the invitation for the upcoming Annual General Meeting of shareholders
EU Insurance markets could benefit from public-private reinsurance for climate risks
EU insurance markets could gain from a proposed public-private reinsurance scheme for climate-related losses
Trump`s “tariffs” could increase P&C insurance claims by $10 bn to $36 bn
Tariffs imposed by the Trump administration could increase claims costs for property and casualty insurance by $10 bn to $36 bn
Convex Group, a specialty re/insurer, launched Lloydâs Syndicate 1984
Convex Group, an international specialty insurer and reinsurer, has received in-principle approval to launch Lloydâs Syndicate 1984
Lloydâs with Accenture & mea Platform launched a Summary of Coverage service
Lloydâs, partnered with Accenture and mea Platform, has launched a local âSummary of Coverageâ service, available for free to all managing agents
Lloyd’s underwriter Aegis London launched a portfolio solutions division
Lloyd’s underwriter Aegis London has launched a portfolio solutions division to follow third-party underwriting expertise within the London market
Lloydâs appoints Alexander Baugh as new Council Member
Lloydâs announced changes to its Council, appointing Alexander Baugh as an independent nominated member, subject to regulatory approval
Africa Specialty Risks launched Africa Specialty Risks Mauritius as a Lloydâs company
Africa Specialty Risks (ASR), a prominent (re)insurance group targeting Africa and the Middle East, has launched Africa Specialty Risks Mauritius as a Lloydâs service company
UK Supreme Court rejects Allianz appeal in COVID business interruption case
The UK Supreme Court has denied Allianz Insurance plcâs appeal in a COVID-19 business interruption lawsuit filed by the London International Exhibition Centre, also known as ExCel
Lloydâs CEO John Neal will step down in 2025 to join Aon
Lloydâs has confirmed that CEO John Neal will step down in 2025 after more than six years leading the worldâs largest insurance and reinsurance marketplace
The global insurance sector outlook remains âneutralâ at 2026, as business conditions have been resilient across most markets to the more challenging macroeconomic environment
The US P&C insurance industry recorded a $16.3 bn net underwriting gain in the first three months of 2026, up significantly from a $1 bn loss recorded in the prior-year period
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure