Insight
Folgate ups real estate risk appetite to £70m
Folgate Underwriting has increased its total sum insured per location to £70m for real estate and property risks.
Insurance United Against Dementia names Marsh UK CEO Lay as new chair
Insurance United Against Dementia has appointed Chris Lay, CEO of Marsh McLennan UK, as its new campaign chair.
Blog: Young talent now will fix future recruitment challenges
With an ageing industry and recruitment being cited as one of the main challenges faced by insurance firms, bringing in younger talent into insurance is vital, but is the industry doing enough? Rosie Simms surveys the landscape.
GWP and profit up at Arag ahead of full Das integration
Arag plc has posted a 17.7% increase in gross written premium under management in 2024, driven by its commercial, family, assistance and ATE business, the legal expenses insurer has reported.
Markel targets insurtechs with new launch
Markel Insurance has launched InsurtechRisk+ building on its existing offering for fintechs.
South Korean insurer ups stake to 40% in specialty underwriter
Samsung Fire & Marine Insurance has entered into an agreement to purchase an additional 21% equity stake in the Canopius Group, bringing its shareholding to 40%.
CEO calls for SMEs to be at ‘heart’ of growth plans ahead of Spending Review
The Chancellor’s Spending Review this afternoon will be a “defining moment” for Britain’s 5.5m small businesses, according to the boss of a top 20 insurance broker.
Sarah Pritchard named first FCA deputy CEO
The Financial Conduct Authority has promoted Sarah Pritchard to the newly created role of deputy CEO.
FCA opens to applications for firms to experiment with AI in ‘supercharged sandbox’
The Financial Conduct Authority has confirmed the launch of its “Supercharged Sandbox” to help firms experiment safely with artificial intelligence to support innovation.
Applied Systems confirms Epic withdrawal from UK broker software market
Applied Systems has confirmed it has completed a strategic business review and has decided to withdraw Applied Epic from the UK market after ongoing losses, as exclusively revealed by Insurance Age earlier today.
Applied Systems to pull Epic solution from UK broker market
US broker software giant Applied Systems is to withdraw its Epic solution from the UK broker market, Insurance Age can exclusively reveal.
CII calls for 2025 New Generation Programme applications
The Chartered Insurance Institute 2025 New Generation Programme has opened for entries, with brokers having until 18 August to apply.
Konsileo eyes international opportunities as US ‘heavy hitter’ added
Konsileo has added Joe Zuk, US insurance, operations and investment executive, to its board of directors to advise and support growth.
Markerstudy confirms consumer lending plans
Markerstudy has created a specialist division, focusing on all premium finance activities across the group, and confirmed plans to launch lending products in both the commercial and retail finance space.
Brunel takes UK network to nine opening Cardiff branch
Brunel Insurance Brokers has opened an office in Cardiff, its first permanent presence in Wales.
Father and son sentenced for ghost broking scam
A father and son have been sentenced for their roles in a ghost broking scheme, following an investigation led by the City of London Police’s Insurance Fraud Enforcement Department.
Clear brings three Sheffield businesses under one roof
The Clear Group has relocated its three Sheffield businesses into one office at Meadowhall Business Park in the city.
PremFina secures £350m facility as it reveals £1.9bn volume target
PremFina has agreed a £350m private securitisation facility with support from HSBC and Waterfall Asset Management to help its current and future growth strategy.
Ghost broker sentenced
A ghost broker has been sentenced to 12 months’ imprisonment, suspended for 12 months with a requirement to complete 150 hours of unpaid work, after selling two fraudulent motor insurance policies to unsuspecting members of the public.
FCA looks at removing further unnecessary data reporting
The Financial Conduct Authority is proposing to remove unnecessary data reporting, in a move it said will benefit nearly all firms, help to reduce burden and unlock economic growth.
AssuredPartners deal still expected to close in second half of the year, says CEO Pat Gallagher
Gallagher is “playing it right down the middle of the fairway” with the US Department of Justice and still expects to close the deal for AssuredPartners in the second half of the year, according to CEO Pat Gallagher.
Three arrested in the UK in FCA led crackdown on illegal finfluencers
Three people in the UK have been arrested as the Financial Conduct Authority led an an international crackdown on illegal finfluencers in a week of action that kicked off on Monday.
People Moves: 2 – 6 June 2025
Follow the latest personnel moves in insurance.
Hiscox launches affirmative AI cover for tech businesses
Hiscox UK has updated its insurance for technology businesses to include affirmative cover for AI-related claims.