News
Zurich UK boosts operating profits as GWP rises and COR improves
Zurich UK improved its combined operating ratio in property and casualty business to 91.7% last year from 93.8% in 2023.
MCE administrator updates on progress
The administrators of MCE Insurance have detailed developments on credit hire, property and a court case involving Alpha Insurance in their latest update.
Howden’s UK broker buying takes off in 2025 with two aviation deals
Howden has bought aviation specialist Forbes Insurance and Hill Aviation Insurance Services’ book of business as it sets up a new division.
CFC launches cyber portfolio quoting for brokers
CFC has launched cyber portfolio quoting for UK brokers, a service that automates quoting for thousands of policies.
More than one in four UK businesses impacted by civil unrest last year, says Gallagher
Over one in four UK businesses were impacted by civil unrest last year, with nearly two-thirds citing a continuation of the problem as a major concern for 2025, according to research by Gallagher.
IQUW launches ports and terminals product
IQUW has launched a ports and terminals product, with the insurer claiming it will help brokers and clients manage their risks with cover for physical loss or damage to marine property and cargo handling equipment, business interruption and third-party…
Lucida names Gledhill as CEO with founder Joseph focusing on CUO role
Former BGL leader Matthew Gledhill has joined motor specialist Lucida as group CEO succeeding Mike Joseph who has switched to focus on the chief underwriting officer post having previously held both jobs.
Moonrock launches drone product liability cover
Managing general agent Moonrock Drone Insurance has developed drone liability cover to protect manufacturers in the event of the devices causing harm to the public.
MGA brings together five businesses under one brand
Dual Group has rebranded a collection of its UK MGA businesses under a single identity.
EY revisions show three years of slowing premium income growth
EY has revised its forecast up slightly for UK non-life insurance premium income growth this year while ticking down the prediction for 2026 and releasing its number for 2027.
Ex-Towergate boss Mike Lawton promoted at Travelers
Travelers Europe has named Mike Lawton as chief operating officer.
Miller hails organic growth as revenue hits £271m
Miller has reported total revenues of £271m for 2024, a 13% increase on the year before, as it placed $4bn (£3.18bn) of gross written premium into the market.
Insurance revenue up 7% at Moneysupermarket in 2024
Moneysupermarket achieved 7% growth in insurance revenue in 2024 to £235.6m.
Sompo creates global P&C and wellbeing segments
Sompo Holdings has formed two global segments, Sompo Property and Casualty and Sompo Wellbeing with the restructure kicking in on 1 April.
Mosaic launches combined general and environmental liability cover
Mosaic Insurance has launched a combined environmental product that merges primary commercial general liability with a suite of added pollution and professional coverages, available to retail and wholesale brokers.
Specialty insurer becomes latest Lloyd’s entrant with Syndicate 1984
Convex Group, the specialty insurer and reinsurer, has received in principle approval to launch Lloyd’s Syndicate 1984, which will start underwriting in April 2025.
PIB kicks off 2025 buys with Residentsline
PIB has bought flats and apartments insurance specialist Residentsline from managing director owner Belinda Bagnall in its first deal of the year.
People Moves: 10 – 14 February 2025
Keep up to date with the latest insurance industry personnel moves.
RSA sees underwriting profit shoot up as combined ratio improves
RSA’s underwriting profit almost doubled in 2024, hitting £172m, up from £90m in 2023, the insurer’s parent company, Intact, has reported.
Allianz warns motor traders on EV batteries with guidance for brokers
Allianz UK has warned motor traders on the high risks and costs of Electric Vehicle battery fires, as it offered risk management guidance to brokers and policyholders.
Zurich takes aim at the ‘class ceiling’ as it reveals social mobility pay data
Zurich UK has published its social mobility pay data claiming it is the first insurer, and just one of a handful of companies, to do so as it committed to the ultimate goal of smashing the ‘class ceiling’.
Radius Insurance Solutions adds ex-Aon and Hiscox leader Philip Thorn as MD
Radius Insurance Solutions has appointed Philip Thorn from Aon as managing director, succeeding Matt Kirby.
Ghost broking cases jump nearly a quarter at Action Fraud in 2024
Action Fraud received 817 reports of ghost broking in 2024, a 24% increase on the previous year, the organisation has confirmed.
MGA Aspect expands in property with more products promised for brokers
High-hazards mid-market specialist managing general agent Aspect has rolled out a broader range of product capabilities and a brand refresh.