Lockton Re launches London unit for North American MGA capacity
Lockton Re creates a London-based North America portfolio solutions unit to place MGA capacity from Lloyd’s and global markets
🇬🇧 UK Insurance News
Getlink secures €55 mn insurance payout for ElecLink outage
Getlink agrees €55mn insurance settlement covering ElecLink losses after a 2024–2025 shutdown of the Channel Tunnel power interconnector
Pinpoint UK gains Lloyd’s coverholder status in London Market
Pinpoint UK Solutions secures Lloyd’s approval as a coverholder, gaining delegated underwriting authority and direct access to the London Market
UK probes cyber incident amid claims of China-linked data access
UK officials investigate cyber incidents at the FCDO and London councils as reports raise concerns over China-linked hacking and public service disruption
AIG launches Lloyd’s SPV Syndicate 2479 with Blackstone, Amwins
AIG sets up Lloyd’s Syndicate 2479 with Blackstone and Amwins, using London Bridge 2 and Palantir AI to support a $300 mn, third-party-backed portfolio
Millions of UK travellers hide medical conditions on travel insurance
One in four UK travellers conceal medical conditions to cut travel insurance costs, risking rejected claims and massive overseas medical bills
Insurtech incubator Lloyd’s Lab celebrates Cohort 15 and opens Cohort 16
Lloyd’s Lab marked Demo Day for Cohort 15, showcasing 12 InsurTechs, and opened applications for Cohort 16 with a new Ireland-focused theme
London dental insurance fraud trio avoid immediate jail
A struck-off dentist and her two children were convicted over a £350k dental insurance fraud in North London but received suspended sentences
Ageas UK and Saga launch 20-year insurance partnership for over-50s
Ageas UK and Saga plc roll out a 20-year affinity deal, launching motor insurance now and home cover in early 2026 for over-50s customers
Aviva partners with Percayso to deepen vehicle data analytics
Aviva signs a multi-year deal with Percayso Inform to enhance vehicle data enrichment across pricing, underwriting, and claims in UK personal and commercial lines
Fitch sets neutral 2026 outlook for global insurance sector
Fitch Ratings assigns a neutral 2026 outlook for global insurance, citing resilience overall but weaker margins in reinsurance, London Market, and US Health
Canada Life UK completes £330m buy-in with Comet Pension Scheme
Canada Life UK secures benefits for 4,500 members through a £330m full-scheme buy-in with the Comet Pension Scheme backed by Fnac Darty
FCA moves to simplify insurance rules, faces London market pushback
The FCA eases insurance rules to cut costs and boost flexibility, but Lloyd’s and London Market leaders say reforms stop short of real change
Experian warns of AI-driven cyber risks in 2026 breach forecast
Experian’s 2026 Data Breach Forecast points to AI-powered attacks, quantum risk, and rising identity fraud as cyber threats grow faster and smarter
UK brings crypto under financial law in sweeping 2027 reform
The UK will regulate crypto under existing financial laws from October 2027, placing exchanges, issuers and stablecoins under FCA and Bank oversight
Cloudflare report shows AI bots driving traffic surge
Cloudflare data shows a 19% traffic jump, AI crawler dominance, post-quantum crypto growth, and rising attacks on civil society sites
US senators press Trump administration on bird flu vaccine plan
Bipartisan senators urge the Trump administration to finalize a science-based bird flu vaccine plan for livestock amid rising outbreaks
AM Best warn rising protectionism reshapes global reinsurance
AM Best’s Angela Yeo and Mahesh Mistry say local reinsurance rules spread into developed markets, straining risk distribution and raising costs
LifeSearch launches UK’s first fully digital in-journey life insurance trust
LifeSearch adds a digital trust engine to its online life insurance journey, aiming to place most policies in trust and close a major protection gap
Marsh names James Addington-Smith CEO of UK business from early 2026
Marsh appoints James Addington-Smith to succeed Chris Lay as UK CEO in early 2026, as Lay prepares to retire after four decades
Zurich teams with Quantexa to boost real time fraud detection in UK
Zurich becomes the first UK insurer to deploy Quantexa’s AI platform, pushing real time fraud detection across multiple business lines
Volt Underwriting enters ports and terminals market with $15 mn capacity
Volt Underwriting launches a $15mn ports and terminals line backed by Tokio Marine Kiln, expanding its global energy focused MGA platform
Lloyd’s announces 2025 Council election ballot for working members
Lloyd’s launches a ballot for two working member seats on its Council after receiving three valid nominations for the 2025–2028 term starting February 1
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 Lloyd’s Syndicate 2126 with $300 mn capacity
Fidelis Partnership and Blackstone launch Lloyd’s Syndicate 2126 with $300 mn capacity, boosting TFP’s 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 UK’s Ministry of Justice reviews the whiplash reform to assess its effect on injury claims, insurer savings, and fairness for unrepresented claimants
Lloyd’s kicked off 2025 reinsurance capacity auctions with a bang
Lloyd’s of London kicked off its 2025 reinsurance capacity auctions with a bang. Trading in the first of three auctions hit £86 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 UK’s 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
Lloyd’s and Ireland launch Irish insurtech accelerator cohort for 2026
Lloyd’s and Ireland’s Department of Finance unveil an Irish-themed Lloyd’s 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
Lloyd’s faces pricing pressure, higher entry standards, and $500m scale needs
TD Cowen’s London field trip highlights Lloyd’s pricing strain, stricter syndicate entry, MGA caution, and rising capital thresholds for scale.
PERILS pegs Central Europe, Italy flood losses at €2.15 bn in final report
PERILS sets final insured loss for Sept 2024 Central Europe and Italy floods at €2.15bn, citing Austria, Czech Republic, and Poland as hardest hit
Acrisure London Wholesale forms broking partnership with Israel’s Madanes
Acrisure London Wholesale partners with Madanes, Israel’s largest broker, to provide Lloyd’s 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 ‘Turnkey Plus’ strategy, expands syndicate partnerships at Lloyd’s
Apollo grows its Lloyd’s platform with new syndicate partnerships, underwriting expertise, and a long-term “Turnkey Plus” strategy for re/insurance partners
Ariel Re secures Lloyd’s approval for new syndicate, splits business lines
Ariel Re gains Lloyd’s approval for Syndicate 2006, expands into cyber, clean energy, marine, while Syndicate 1910 focuses on property catastrophe
Lloyd’s results for H1 2025: premium increasing by 6.2% to £32.5 bn
Lloyd’s of London announced its results for the first six months of 2025 with gross written premium increasing to £32.5bn (HY 2024: £30.6bn) and a combined ratio of 92.5%
Lloyd’s pushes Blueprint Two launch to 2028 as market frustration mounts
Lloyd’s of London will delay its Blueprint Two re-platforming project until at least 2028, with market testing not expected before 2026
Lloyd’s appoints Stephane Flaquet as Chief Operating Officer
Lloyd’s 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 €500mn in Europe, ¥100bn in Japan, and NZ$300mn in New Zealand. The scope includes both property and motor insurance lines
Avatar MGA launches with Lloyd’s & FCA approval, backed by Santam and Lloyd’s syndicates
Avatar MGA, a managing general agent specialising in US direct and facultative (D&F) property insurance, has secured approval as a Lloyd’s 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 2–3
FCA tightens rules on misconduct in UK insurance and finance
The UK’s 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
U.K. Court awards AerCap $1 bn in aircraft insurance dispute over Russia losses
AerCap announced that a U.K. Court ruling has confirmed its entitlement to approximately $1 bn in insurance recoveries tied to aircraft and engines stranded in Russia
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
Artificial intelligence and digital technology are changing how life insurers distribute policies, assess risks and manage customer relationships
Life insurance distribution remains market-specific, with independent intermediaries gaining share in the US while bancassurance dominates France and Italy
Lloyd's outlines how insurers are adapting war risk coverage, cyber war exclusions and pricing to geopolitical threats, hybrid warfare and rising exposure accumulation
European insurers tighten riot coverage as civil unrest spreads, raising deductibles and limiting protection amid potential losses of €1.2 bn in France