United Kingdom (UK)
Underinsurance concerns remain high despite slight easing – Aviva research
Aviva’s latest Broker Barometer has revealed 68% of brokers believe clients may be underinsured which while still high has eased slightly.
People Moves: 9 – 13 June 2025
Keep up to date with the latest personnel moves in insurance.
Applied’s UK Epic withdrawal a “sad day” for brokers
Applied Systems pulling its Epic offering from the UK underlines how competitive the market is but is sad news for brokers and staff, according to experts.
SRG names ex-Lockton and Marsh boss Nimmo as first UK CEO
Specialist Risk Group has recruited Neil Nimmo as its first CEO – UK, effective immediately.
Staysure moves onto aggregators
Staysure Group is set to launch Avanti Go across multiple price comparison websites, marking the first time the group has made one of its travel insurance brands available via an aggregator.
Folgate ups real estate risk appetite to £70m
Folgate Underwriting has increased its total sum insured per location to £70m for real estate and property risks.
Insurance United Against Dementia names Marsh UK CEO Lay as new chair
Insurance United Against Dementia has appointed Chris Lay, CEO of Marsh McLennan UK, as its new campaign chair.
Flood defence commitment welcomed amid calls for more sustained funding
Insurance industry leaders have welcomed the government’s commitment to flood defence investment in the Spending Review; but cautioned more needs to be done to protect UK homes and the economy.
GWP and profit up at Arag ahead of full Das integration
Arag plc has posted a 17.7% increase in gross written premium under management in 2024, driven by its commercial, family, assistance and ATE business, the legal expenses insurer has reported.
CEO calls for SMEs to be at ‘heart’ of growth plans ahead of Spending Review
The Chancellor’s Spending Review this afternoon will be a “defining moment” for Britain’s 5.5m small businesses, according to the boss of a top 20 insurance broker.
Sarah Pritchard named first FCA deputy CEO
The Financial Conduct Authority has promoted Sarah Pritchard to the newly created role of deputy CEO.
FCA opens to applications for firms to experiment with AI in ‘supercharged sandbox’
The Financial Conduct Authority has confirmed the launch of its “Supercharged Sandbox” to help firms experiment safely with artificial intelligence to support innovation.
Applied Systems confirms Epic withdrawal from UK broker software market
Applied Systems has confirmed it has completed a strategic business review and has decided to withdraw Applied Epic from the UK market after ongoing losses, as exclusively revealed by Insurance Age earlier today.
Applied Systems to pull Epic solution from UK broker market
US broker software giant Applied Systems is to withdraw its Epic solution from the UK broker market, Insurance Age can exclusively reveal.
CII calls for 2025 New Generation Programme applications
The Chartered Insurance Institute 2025 New Generation Programme has opened for entries, with brokers having until 18 August to apply.
MGA aims to ‘mitigate underinsurance’ with Lloyd’s-backed product
Aurora, the specialist algorithmic managing general agent, has launched a new property owners’ insurance product.
Markerstudy confirms consumer lending plans
Markerstudy has created a specialist division, focusing on all premium finance activities across the group, and confirmed plans to launch lending products in both the commercial and retail finance space.
Brunel takes UK network to nine opening Cardiff branch
Brunel Insurance Brokers has opened an office in Cardiff, its first permanent presence in Wales.
RSA unveils new commercial MD as Bryson departs
RSA has appointed Tovah Grosscurth as commercial lines managing director with immediate effect, subject to regulatory approval.
Father and son sentenced for ghost broking scam
A father and son have been sentenced for their roles in a ghost broking scheme, following an investigation led by the City of London Police’s Insurance Fraud Enforcement Department.
Clear brings three Sheffield businesses under one roof
The Clear Group has relocated its three Sheffield businesses into one office at Meadowhall Business Park in the city.
PremFina secures £350m facility as it reveals £1.9bn volume target
PremFina has agreed a £350m private securitisation facility with support from HSBC and Waterfall Asset Management to help its current and future growth strategy.
Ghost broker sentenced
A ghost broker has been sentenced to 12 months’ imprisonment, suspended for 12 months with a requirement to complete 150 hours of unpaid work, after selling two fraudulent motor insurance policies to unsuspecting members of the public.
FCA looks at removing further unnecessary data reporting
The Financial Conduct Authority is proposing to remove unnecessary data reporting, in a move it said will benefit nearly all firms, help to reduce burden and unlock economic growth.