News
FCA’s Brewis set to leave for KPMG
Matt Brewis, director of insurance at the Financial Conduct Authority, will be leaving the regulator to join KPMG UK in the new year.
Sabre reports 26.2% profit growth as GWP dips
Sabre Insurance Group reported a 26.2% increase in profit before tax to £25.5m, despite a decline in gross written premiums, according to its 2025 half-year report.
Lloyd’s wholesale broker Servca launches SME D&O facility
Servca, a specialist Lloyd’s wholesale broker, has launched an SME directors and officers insurance facility, available across the UK and Europe.
Property payouts hit £1.6bn in second quarter
Insurers paid out £1.6bn for property insurance claims during the second quarter of the year, research from the Association of British Insurers has shown.
Ecclesiastical warns of growing subsidence risk
Ecclesiastical Insurance has urged property owners to take precautionary steps as the risk of subsidence and wildfires has increased following an extended dry spell.
Home insurance premiums flat in Q2 – ABI
The average price of combined building and contents home insurance was stable in the second quarter of 2025 at £391, according to the Association of British Insurers.
Windstorm Éowyn cost the insurance market €747m – Perils
Perils, a Zurich-based organisation providing industry-wide catastrophe insurance data, has raised its estimate for the insurance market loss from windstorm Éowyn to €747m (£650.27m), from €696m previously.
Bridgehaven makes first acquisition
Hybrid fronting insurer Bridgehaven has signed up for its first buy, to snap up Dublin-based insurer SureStone Insurance for an undisclosed amount.
Mosaic enters digital asset market with cyber and FI coverage
Mosaic Insurance has entered the digital asset market launching a combined cyber and financial institutions crime product, for the “historically underserved sector”.
Broker hires ex-Bolt insurance head to lead new future mobility arm
The Plan Group has launched a new venture to deliver solutions for electric and autonomous vehicle technology providers.
People Moves: 21 – 25 July 2025
Keep up to date with the latest personnel moves in insurance.
Clear broker teams up with West Ham United as official insurance partner
Lilly Plummer has signed up to be West Ham United’s official insurance partner for both the men’s and women’s first teams.
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.