Insurer
CFC recruits Markel stalwart Line as next CUO
Specialist insurer CFC has announced that Nick Line will take over as chief underwriting officer in 2026, after 28 years at Markel where he has held the role of CUO since 2018.
Applied’s UK Epic withdrawal a “sad day” for brokers
Applied Systems pulling its Epic offering from the UK underlines how competitive the market is but is sad news for brokers and staff, according to experts.
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.
Flood defence commitment welcomed amid calls for more sustained funding
Insurance industry leaders have welcomed the government’s commitment to flood defence investment in the Spending Review; but cautioned more needs to be done to protect UK homes and the economy.
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%.
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.
MGA aims to ‘mitigate underinsurance’ with Lloyd’s-backed product
Aurora, the specialist algorithmic managing general agent, has launched a new property owners’ insurance product.
RSA unveils new commercial MD as Bryson departs
RSA has appointed Tovah Grosscurth as commercial lines managing director with immediate effect, subject to regulatory approval.
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.
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.
Former Nexus US CEO launches MGA
London-headquartered international managing general agent Amiga Specialty has officially launched promising an “aggressive growth and acquisition strategy”.
Mike Petchey promoted to Markel head of schemes
Markel has appointed Mike Petchey head of schemes to lead its broker-led specialist proposition.
Aviva first to launch on Acturis Unify
Aviva is the first insurer to join Acturis’ artificial intelligence and data-driven placement strategy tool Unify.
Home insurance pricing falls speed up
Home insurance premiums saw their most substantial monthly decline of the past year in May, falling by 1.9%, according to Pearson Ham.
ERS appoints new MD
Specialist motor insurer ERS has promoted Martin Hall to the new role of managing director, taking responsibility for the performance of Lloyd’s Syndicate 218.
Zurich FOIs reveal workplace theft declining
A total of 4,562 workers were caught stealing from their workplace in the last year, data released by Zurich UK has revealed.
FCA confirms enforcement transparency after previous name and shame u-turn
The Financial Conduct Authority has published its Enforcement Guide, confirming the dropping of name and shame proposals in favour of keeping its ‘exceptional circumstances’ test.
Consumer trust in insurers hits lowest point since 2021 – Fairer Finance
Public trust in the insurance industry has dropped to its lowest level in four years, according to the latest Trust in Insurance Index from Fairer Finance.
City of London Police leads nationwide crackdown on ghost broking
The City of London Police’s Insurance Fraud Enforcement Department has led a nationwide period of action targeting ghost brokers in a coordinated crackdown on insurance fraud.
Peach grows appetite in hairdressing scheme expansion with Starpeak
Peach has extended its backing for Starpeak’s hairdressing insurance offering to include property cover.
New MGA to target recruitment companies
Acies MGU has created a new managing general agent, Acies Specialist Schemes, launching with an offering for recruitment companies.