Reinsurance
Flood Re rolls out consumer campaign
Flood Re has launched a UK-wide educational tour promoting flood resilience and encouraging people to rethink the response to flood risk, with the joint initiative between the government and insurers using “the UK’s largest digital advertising van”.
Starr completes deal for ERS owner
Starr has completed the acquisition of motor insurer ERS’ parent, IQUW Group.
Berkshire Hathaway to take 2.5% stake in Tokio Marine in £1.35bn deal
Berkshire Hathaway is taking a 2.5% shareholding in Japanese insurance giant Tokio Marine Holdings, in a partnership deal designed for mergers and acquisitions and reinsurance.
Lloyd’s reveals ‘strong’ underwriting performance and ‘disciplined’ growth in 2025
Lloyd’s has revealed a 4.2% hike in gross written premium to £57.9bn in 2025, and a new five-year strategy, as pre-tax profit broke through the £10bn barrier.
Marsh publishes first FY results since rebrand
Marsh has today reported that its Risk & Insurance Services revenue was $17.3bn for the full year ended 31 December 2025, an increase of 12% (2024: $15.4bn), or 4% on an underlying basis.
Pool Re: terrorism cover should be standard commercial feature
A gathering of experts at Pool Re’s annual Market Event has called for the reinstatement of terrorism cover as a standard feature of commercial property insurance.
AM Best rates Peach-owner NPA Insurance as B++
AM Best has given NPA Insurance, including trading style Peach which backs numerous UK managing general agents and broker schemes, a financial strength rating of B++ (Good) and a long-term issuer credit rating of ‘bbb’ (Good).
AIG becomes strategic investor in top 10 UK insurer
AIG has taken a 35% equity investment in Convex and Onex Corporation has reinvested as a majority shareholder with 63% stake.
ERS parent snapped up in deal that will create 9th largest Lloyd’s insurer
Starr has entered into a definitive agreement to acquire ERS owner IQUW Group, a deal which will make it the ninth-largest agency operating at Lloyd’s.
Marsh McLennan to rebrand as Marsh in 2026
Marsh McLennan has announced it will change its brand to Marsh, effective as of January 2026, the name already used by its insurance broking arm.
Ex-MIB boss and QBE and Aviva claims leader Clayden joins reinsurer
Former CEO of the Motor Insurers’ Bureau, Dominic Clayden, has joined Bermuda-domiciled international specialty reinsurance group Compre in the newly created role of interim global claims director.
Ex-Gallagher boss Grahame Chilton joins BPL as non-exec chairman
Former Gallagher UK CEO Grahame Chilton has joined credit and political risk specialist broker BPL as non-executive chairman.
Interview: Allianz Commercial UK managing director Phuong Ly
Allianz Commercial UK managing director Phuong Ly talks to Jonathan Swift about how greater regional underwriting authority, a clearer risk appetite and focus on digitalisation should help the business achieve its ambition of being the easiest insurer to…
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.
Alan Boswell crowned Broker of the Year at 2025 BIAs
Alan Boswell Group won Broker of the Year at the 2025 British Insurance Awards last night (9 July).
CRC signs up to buy Atrium
US firm CRC Group has signed up to buy Lloyd’s insurer Atrium, in a deal expected to close in the third quarter of this year.
Miller completes AHJ buy
Miller has completed the acquisition of AHJ Holdings, the ultimate parent company of Alwen Hough Johnson and AHJ Europe.
UK economic losses from natural catastrophes hit $800m in 2024 – Swiss Re
UK economic losses caused by natural catastrophes reaching $800m (£596.6m) in 2024 has shone a spotlight on the urgent need to strengthen resilience against future events, according to Swiss Re.
Lloyd’s CEO hails “outstanding financial performance” in 2024
Lloyd’s has confirmed gross written premium of £55.5bn in its 2024 results, up 6.5% from the year before.
Lloyd’s sets scene for full-year results as COR ticks up to 86.9%
Lloyd’s has unveiled a combined operating ratio of 86.9% for 2024, with gross written premium rising to £55.5bn, in a trading update ahead of its full results later this month.
Pool Re consults on SME terrorism cover
Pool Re has launched a market consultation in an attempt to enhance terrorism cover for SMEs, as it warned only 4% currently have any.