News
Home premium quotes fall 3.9% in Q2
Average quoted prices for home insurance fell by 3.9% in the second quarter, according to the latest Consumer Intelligence Home Insurance Price Index.
Business solutions company buys Lloyd’s broker
Liberty Blume has bought Lloyd’s broker PHL Insurance Brokers in its first strategic M&A transaction.
SRG completes Dutch and Belgian buy moving into mainland Europe
Specialist Risk Group has completed the purchase of German broker Ecclesia’s businesses in the Netherlands and Belgium marking its formal entry into mainland Europe.
FCA to consult on £9bn – £18bn motor finance compensation scheme
The Financial Conduct Authority will consult on a proposed compensation scheme for motor finance customers after a Supreme Court ruling on 1 August.
Supreme Court rules on motor finance
The Supreme Court handed down its motor finance judgment on 1 August ruling in favour of the lenders in two out of three cases.
Compare The Market owner ups investment in telematics insurtech
BHL (UK) Holdings, majority owner of Compare The Market, has invested a further £2m in telematics insurtech ThingCo.
Less than 1-in-5 people aware of ghost brokers – Ageas
Just 1-in-10 adults aged 55+ had heard of ghost brokers, according to a poll by Ageas.
Channel Islands brokers in latest CII chartered cohort
The Chartered Insurance Institute has announced the latest wave of chartered firms including three brokers.
People Moves: 28 July – 1 August 2025
Stay in the loop with the latest insurance personnel moves.
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.