News
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
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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.
Ex-Lloyd’s CEO John Neal heads to AIG, reversing Aon move
John Neal is set to join AIG as president effective 1 December 2025, having previously been destined for Aon.
Consilium launches first casualty binder and hires from Dual
Wholesale broker Consilium has launched a casualty binder for its UK division, Consilium Risk Solutions, with the exclusive broker facility backed by A-rated delegated authority capacity.
Accelerant IPO could hit $578.9m
Accelerant has revealed the share price of its initial public offering is expected to range from $18 (£14.9) to $20 meaning the top end total could reach $578.9m.
FCA consults on SM&CR and sets faster authorisation targets
The Financial Conduct Authority has opened a consultation on streamlining the Senior Managers and Certification Regime, and in a second announcement revealed new faster authorisation targets.
Insurtech Laka secures $10.4m in funding
London-based insurtech Laka, which bought the renewal rights to CoverCloud’s bike portfolio last year, has raised $10.4m (£7.73m) in a Series B funding round.
Liberty launches crypto protection product
Liberty Specialty Markets has launched a dedicated product for financial institutions operating in the cryptocurrency market.
Biba calls for regulation ‘reset’ in open letter to Chancellor
Graeme Trudgill, CEO of the British Insurance Brokers’ Association, has called for bold action from the UK Chancellor to reset regulation for a more proportionate framework.
W Denis launches specialist data centre insurance division
W Denis has launched a specialist division focused on insuring data centres and the integrated power generation infrastructure.
Further rise in member funds at Biba
The British Insurance Brokers’ Association grew member funds to £6.57m at the end of 2024, a 14% rise that built on increases of 13% and 21% in the previous two years.
People Moves: 7 – 11 July 2025
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PIB ends sales talks and reveals £400m debt raise
PIB Group has confirmed the end of “recent acquisition conversations”, drawing a line under the sales process with the comment that it is “appreciative of the attention it has received in the market”.
Allianz confirms Graham Stait as director of UK markets following Carey exit
Allianz Commercial has confirmed Graham Stait as director of UK markets, after holding the role of director of mid-market on an interim basis since August 2024.