News
Accelerant IPO beats expectations with $724m raise
Accelerant, a major player in the UK managing general agents market, has raised $723.7m (£533.9m) in an IPO in the US, with shares selling for $21, above the expected range of $18–$20.
Allianz adds Head from RSA for MGA-focused post
Allianz Commercial has taken Daniel Head from RSA, where he led partnerships, as its new head of delegated authority and portfolio solutions for UK global and international markets.
Zurich UK hires Asha Kumar as its first CTO
Asha Kumar has joined Zurich UK from HSBC as chief technology officer, a newly created role.
Christiern Dart appointed CEO of MS Amlin
MS Amlin has named Christiern Dart, previously group chief underwriting officer at Brit, as CEO to succeed Andrew Carrier.
UK commercial market softening continues at 6% – Marsh
Commercial market rate softening in the UK continued at 6% in the second quarter, according to Marsh, identical to the pace at the start of the year.
MGA Arkel secures £120m AmTrust capacity
Specialist managing general agent Arkel has secured an increased limit of £120m gross written premium of A-rated capacity with AmTrust over the next three years for non-standard household insurance.
South African insurer relaunches in the UK
Santam, Africa’s largest short-term insurer, has been granted in-principle approval by Lloyd’s to launch Santam Syndicate 1918.
Brown & Brown buys bloodstock specialist broker
Brown & Brown Europe has bought private client, bloodstock and farm & estate specialist broker Weatherbys Hamilton for an undisclosed amount.
Experts respond to ‘much ado about nothing’ FCA premium finance review
“After weeks of speculation, the overall feeling is one of ‘much ado about nothing’ – especially if you’re a firm doing the right thing,” said Michael Sicsic, managing partner of Sicsic Advisory, on the Financial Conduct Authority’s premium finance…
MGU teams up with HSB for construction launch
Victor Insurance UK has launched a contractors all risks insurance product targeting contractors and subcontractors with up to £20m in annual revenue.
FCA urges improvements after uncovering “concerning evidence” of poor claims handling
The Financial Conduct Authority has urged insurers for improvements in claims handling whilst acknowledging rising motor premiums are mostly driven by external cost pressures.
No broker commission bans or compulsory 0% APRs on premium finance, says FCA
The Financial Conduct Authority has confirmed it is not going down the route of banning broker commission in premium finance and will not be forcing a 0% annual percentage rate or bringing in a single level market-wide cap.
Aviva leans into digital with enhanced freight liability insurance launch
Aviva Global, Corporate and Specialty has rolled out freight liability insurance on Acturis for the first time alongside making the enhanced version available on Fast Trade.
MIB calls for uninsured driving fine to be quadrupled to £1200
The Motor Insurers’ Bureau has made a commitment “to eradicate uninsured driving for good” as part of its newly published five year plan.
Verlingue signs multi-year partnership with MGA Alps
Managing general agent Alps has extended its decade long partnership with Verlingue Insurance Brokers with a new multi-year deal.
Fairer Finance calls for government intervention on ‘discriminatory’ insurance pricing models
Fairer Finance has tackled unfair and discriminatory pricing models driving a “poverty premium”, and called for the government and regulators to intervene as it made five recommendations.
Flood Re posts 20% policy growth to new record but profits down
Flood Re has posted a 43% fall in pre-tax profit to £13.5m as rising reinsurance costs more than outweighed lower claims costs in the year ended 31 March 2025.
UK brokers and MGAs rebranded ‘to drive scale’
HW Kaufman Group has unveiled plans to consolidate its broking and underwriting brands outside of North America.
Insurance revenue at Moneysupermarket slips 2% at half-year
Moneysupermarket’s insurance revenue dropped 2% to £117.7m in the first six-months of 2025 compared to the same period last year.
Pen seals new solicitors’ PI facility after IGI capacity deal ends early
Pen Underwriting has put new solicitors’ professional indemnity business on hold while it finalises a new long-term capacity deal for the product line.
CFC eyeing up £5bn+ London Stock Exchange listing – FT
CFC is exploring options including listing on the London Stock Exchange, according to the Financial Times.
Aviva doubles offshore renewable energy capacity to £150m
Aviva has doubled its offshore renewable energy capacity to £150m, with Roberts Proskovics appointed to lead the insurer’s renewable energy team.
People Moves: 14 – 18 July 2025
Follow the latest personnel moves in insurance.
Pen deepens SiriusPoint partnership with PI capacity deal
Pen Underwriting has expanded its partnership with SiriusPoint with a new capacity deal for international professional indemnity risks.